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WEEK 2: FORMULAS AND FUNCTIONS
One of the benefits of Excel is the ability to use formulas and functions.
- Discuss the differences between formulas and functions. Pick a function in Excel and discuss how that function is used to calculate results in your worksheets. Review your classmates' posts to make sure that you're not duplicating formulas or functions already discussed. Using the following scenarios, discuss how you would apply the Excel functions or create a formula to solve the scenario. Be specific!
- You wish to calculate the commission on sales. The commission is 6% on all sales that are at least 20% above cost.
- You wish to calculate the total pay for an employee who receives regular time for 40 hours, time and a half for 40–50 hours, and double time for hours over 50.
- You have a list of contracts and due dates for annual maintenance fees. You wish to determine when you have a contract due in the next 45 days and provide a note that warns you that the payment is due.
Please feel free to add other, unique mathematical challenge questions to the discussion, and let us work together to figure out how you might calculate it.
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Running head: FORMULAS AND FUNCTIONS
WEEK 2: FORMULAS AND FUNCTIONS
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FORMULAS AND FUNCTIONS
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FORMULAS AND FUNCTIONS
Discuss the differences between formulas and functions.
Formulas are statement that a user writes to have their results calculated. Their simplicity and
complexity depends on the needs of the user. Usually, excel formulas are written to contain user
reference cells, and functions, and they start with an equal sign. A function on the other hand is
code that is written with the aim of computing specific values, and they are used inside formulas.
Excel function are either ...
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