ISA-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).

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

 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

 A predefined formula that can be selected from a list = Function name(Arguments)

 Perform a variety of calculations to aide in decision making process ◦ SUM a dds 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 a dds 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 range MAX calculates the maximum value in a range AVERAGE calculates the average of a range of numbers

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

 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).