Excel | Range names exercise | Forecast - Using Range Names in Formulae

This exercise is provided to allow potential course delegates to choose the correct Wise Owl Microsoft training course, and may not be reproduced in whole or in part in any format without the prior written consent of Wise Owl.

Software ==> Excel  (151 exercises)
Version ==> Excel 2013 and later
Topic ==> Range names  (13 exercises)
Level ==> Average difficulty
Subject ==> Excel training
Before you can do this exercise, you'll need to download and unzip this file (if you have any problems doing this, click here for help).

You need a minimum screen resolution of about 700 pixels width to see our exercises. This is because they contain diagrams and tables which would not be viewable easily on a mobile phone or small laptop. Please use a larger tablet, notebook or desktop computer, or change your screen resolution settings.

Open the file in folder shown above.

Create range names for the growth, wages and utilities %figures (Hint: there is a quick menu option that can do all 3 together for you).

Using Range Names in Formulae

Remember you can press F3 to see a list of names for your formulae

Create a formulae in cell C4 that calculates the projected sales and uses the range name for Growth (see next page for help with the formula).

Create a formula in cell C5 that calculates the projected Direct Costs and uses the range name for Wages inc (see below for help with the formula).

Create a formula in cell C6 that calculates the projected  Indirect Costs and uses the range name for Utilities inc (see below for help with the formula).

Create a formula in cell C7 that calculates the Basic Profits.  Use the following to help you with each formula:

Projected Sales = This Year Sales * Growth%

Projected Direct Costs = This Year Direct Costs * Wages inc%

Projected Indirect Costs = This Year Indirect Costs * Utilities inc%

Projected Basic Profits = Proj Sales - Proj Direct Costs - Proj Indirect Costs

Check that all the answers change when you change the % figures for the Growth, Wages inc and Utilities inc.

Re-save the file with the same name and close it.

You can unzip this file to see the answers to this exercise, although please remember this is for your personal use only.
This page has 0 threads Add post