Excel – Chapter 2 Formulas and

FunctionsISA-B

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).

Adjust cell height and width

Wrap Text

Input Formulas

Regular Gross Pay = Hourly Wage * Regular Hours

Overtime Gross Pay = Overtime Hours * Overtime rate * Hourly Wage

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

Relative vs. Absolute Addressing

Functions

A predefined formula that can be selected from a list

= Function name(Arguments)

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

SUM (number1, number2,

…)

COUNT(number1, number2,

…)

◦SUM adds values within a range of cells

◦COUNT counts the number of values within a range

AVERAGE(number1, number2,

…)

MIN calculates the minimum value in a rangeMAX calculates the maximum value in a rangeAVERAGE calculates the average of a range of numbers

Date functions

Date functions

PMT Function Used to calculate loan payments PMT(rate,nper,loan)

=PMT(C3/12, C4*12,-C2)

FV Function Used to determine the future value of an

amount, such as an investment. FV(rate of return, Term, Periodic

payment)

=FV(C3,C4,-C2)

Hands-on Exercises (Page 394).

West Transylvania Women’s Basketball Season Statics (Page 415).

Predicting Retirement Income (Page 416).

Ex

Questions?