Microsoft Excel
The break-even point is when a company has Net Income of zero ($0.00). The revenues generated covered the expenses. There are two types of costs: - fixed - variable To find the break-even point, you need to know the **Contribution Margin**. The contribution margin can be shown as either
Microsoft Excel
The IF function is one of the most popular and powerful functions in Excel. The IF function has three arguments. Two of the arguments are optional. The IF function is **=IF(logical test, value if true, value if false)** Examples of the IF function - I want to give a
Microsoft Excel
Excel users on Android can soon take a photo of a table and turn it into a spreadsheet. This feature is coming for iOS soon. This ai huge timesaver. It beats retyping data in Excel. After taking a picture, you need to crop out the portion of the picture except
Microsoft Excel
We frequently look at quarterly data. If you want to calculate the fiscal quarter from a date, possibly an invoice date or an order date, and the fiscal quarter starts in a month other than January, use the CHOOSE function. For instance, if the fiscal year is from July to
Microsoft Excel
Caution should be used when averaging percentages. As an example, we asked 500 kids and 4500 adults if they like Trix cereal. The kids, 98%, liked Trix cereal. The adults, 42%. Add 98% and 42% and you get 140%. Divide by 2 and that is 70%. (98+42=140 / 2
Microsoft Excel
A data table is a range of cells in which you can change values in some in some of the cells and come up with different answers to a problem. Types of What-if analysis in Excel There are three types of what-if analysis tools in Excel: 1. scenarios 2. data
Microsoft Excel
Posted on: 12/19/2018 Use the UNIQUE function to return a unique list from a range or array of items. The results will automatically "spill" into an adjacent range of the appropriate size when you press Enter. The UNIQUE function works on text and numbers. With the
Microsoft Excel
One of the most powerful functions in Excel is the COUNTIF function. The COUNTIF function in Excel counts the number of cells that meet criteria you specify. Several examples of when to use COUNTIF: - How many employees work in the accounting department? - How many customers are in Georgia?
Microsoft Excel
A loan amortization schedule also called a loan amortization table, is a table that illustrates the process of paying off a loan. The amortization table will show every payment and the details for that payment. How much principal and interest are paid in any particular payment. There are usually seven
Microsoft Excel
Overview of COUNTIF The COUNTIF function is used to find cells that meet certain criteria. COUNTIF function works with dates, numbers, and text. The COUNTIF function has two arguments. For example: - =COUNTIF(A2:A11,"Atlanta") Will count the city of Atlanta. - =COUNTIF(A2:A11,"<
Microsoft Excel
It is tempting to use merge and center in Excel. It stands out when you open Excel. Avoid merge and center. Three reasons why merge and center is evil: 1. Data with Merge and Center can't be sorted. 2. Remove Duplicates, another great Excel feature, doesn't
Microsoft Excel
Many Excel files are not set up properly. Data that should be in a flat file is laid out in a crosstab file format, or in this example, the data is missing information and has totals manually applied. The issue with data being set up incorrectly is the following can’