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Excel – Chapter 2 Formulas and Functions

Excel – Chapter 2 Formulas and Functions. ISA-B. A djust cell height and width. Open chap2_ho1_payroll.xlsx and save it as chap2_ho1_payroll_solution.xlsx Drag the border between two column headings. Double-click on the border between two column headings ( two row numbers). Wrap Text.

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Excel – Chapter 2 Formulas and Functions

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  1. Excel – Chapter 2 Formulas and Functions ISA-B

  2. Adjust cell height and width • Open chap2_ho1_payroll.xlsx and save it as chap2_ho1_payroll_solution.xlsx • Drag the border between two column headings. • Double-click on the border between two column headings ( two row numbers).

  3. Wrap Text

  4. Input Formulas • Regular Gross Pay = Hourly Wage * Regular Hours • Overtime Gross Pay = Overtime Hours * Overtime rate * Hourly Wage

  5. Auto Fill – Copy Formulas • Enables you to copy the content of a cell or a range of cells • Double click in Fill handle or drag Fill handle over ranges • Ctrl grave accent (`) to display formulas

  6. Relative vs. Absolute Addressing

  7. Functions • A predefined formula that can be selected from a list = Function name(Arguments)

  8. Basic Statistical Functions • Perform a variety of calculations to aide in decision making process • SUM adds values within a range of cells • AVERAGE calculates the average of a range of numbers • MIN calculates the minimum value in a range • MAX calculates the maximum value in a range • COUNT counts the number of values within a range • MEDIAN finds the midpoint value in a range

  9. SUM (number1, number2,…) COUNT (number1, number2,…) • SUM adds values within a range of cells • COUNT counts the number of values within a range

  10. AVERAGE (number1, number2,…) • MIN calculates the minimum value in a range • MAX calculates the maximum value in a range • AVERAGE calculates the average of a range of numbers

  11. Date functions

  12. Date functions

  13. PMT Function =PMT(C3/12, C4*12,-C2) Used to calculate loan payments PMT(rate,nper,loan)

  14. FV Function =FV(C3,C4,-C2) Used to determine the future value of an amount, such as an investment. FV(rate of return, Term, Periodic payment)

  15. Ex • Hands-on Exercises (Page 394). • West Transylvania Women’s Basketball Season Statics (Page 415). • Predicting Retirement Income (Page 416).

  16. Questions?

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