What does the MULT function do in relation to a specified multiplier?

The MULT function is designed to return the nearest multiple of a specified multiplier that is greater than or equal to a given value. This functionality is particularly useful in scenarios where a specific rounding behavior is required, such as adjusting values for budgeting or planning that must align with set intervals or thresholds.

For example, if a company needs to round up production quantities to the nearest increment of 100 units, using the MULT function would effectively ensure that all values are calculated to the next 100-unit multiple. This is essential in many business contexts where rounding to specific divisors helps in maintaining consistency in reporting and operational procedures.

Overall, the purpose of the MULT function aligns with its definition, making it a valuable tool in scenarios that require scaling or aligning numbers to specific metrics.