Payback period in capital budgeting refers to the period of time required for the return on an investment to “repay” the sum of the original investment. For example, a $1000 investment which returned $500 per year would have a two year payback period. The time value of money is not taken into account.
Way back in 2008, I wrote about using SUMPRODUCT to duplicate the functionality of SUMIFS which was introduced in Microsoft Excel 2007. SUMPRODUCT is a powerful excel function and is more commonly used to multiply two arrays. Let’s first understand the syntax of SUMPRODUCT.
Two weeks, we looked at the syntax of VLOOKUP, INDEX and MATCH. Last weeks tutorial should have walked you through the basics of VLOOKUP. In this post, we’ll use a similar file from the VLOOKUP tutorial to find a value from the table using INDEX and MATCH.
If you haven’t had a chance yet, please go through the VLOOKUP tutorial. Alternatively, if you’re ready to jump right into INDEX/MATCH, then let’s get started.
Firstly, create the above table in Excel. I’ll be using Excel 2010 in my example. You can also download the examples file before you proceed. The file contains a Questions sheet which you can practice in and a Solutions sheet with the answers.
If you haven’t had a chance to review the basic syntax of the functions, please do read this post before you continue.
Last week, I introduced you to VLOOKUP, INDEX and MATCH. In this post, we’ll use VLOOKUP to find a value from the table.
Firstly, let’s create the above table in Excel. So whip up the installation of Excel you have. You can use either of Excel 2003, Excel 2007 or Excel 2010. I’ll be using Excel 2010 in my example. Download the examples file before you proceed. The file contains a Questions sheet which you can practice in and a Solutions sheet as well.
If you haven’t had a chance to review the basic syntax of the functions, please do read this post before you continue.
VLOOKUP is the easier function of the two to use and understand. It takes just 4 parameters and we’ll be using all 4. And, we’ll look at 4 options of using VLOOKUP.
Excel has several lookup and reference functions. The main purposes of most of the plugins is to lookup some cell or cells from a set of data (usually presented in a table). Of these, the most popular ones are VLOOKUP, INDEX and MATCH.
If you have lost your password for any MS Word or Excel document and are unable to recover it, try using this Free Word / Excel Password Recovery application. It’s a freeware product and all you need to do is install it, open the file that you need to recover. Choose the character set “a to z” and the expected lenght of your password and click GO.
One requirement that you will see as part of a classroom environment is the necessity to create groups. One option is to perform this process manually. This is OK if you have ten people.
If you’ve forgotten the password to edit the Excel file Excel Password Remover 2008 can come to your rescue. Excel Password Remover is a FREE Excel add-in that removes/cracks sheet and workbook password protection in Excel®. This program will remove passwords of any length, also passwords containing special characters.
The title of the post is a bit of a misnomer because the SUMIF function in Excel does not allow you to have more than condition.
Excel 2007 introduced the SUMIFS function which allowed for multiple conditions. However, if you are using any version prior to Excel 2007 or if the persons who will be using your Excel workbook will be using a version prior to Excel 2007, then the SUMIF function will throw up an error.
That is a problem a colleague faced at work. To solve this problem you can use SUMPRODUCT along with double negation. The double negation is simply two minus signs one after an another. The net effect is that it doesn’t change the value of the calculations.
The reason we use the double negation is because, Excel does not always understand that TRUE=1 and FALSE=0 when you use SUM or SUMPRODUCT.
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