Max, as used in the above statement, is the short form for the word maximum. Maximum is a mathematical function used when we are referring to the value with the largest limit in any data range. When data is defined by either minimum or maximum function, you know absolutely comparison is being done or differentiation
Whenever we are handling numbers, values, ranges, and figures there is always the need to identify the minimum value of all the values and the maximum values of all the values. We get the minimum or maximum values in any given set of data to be able to find the range of the data. In
Formatting is a very crucial aspect of Word editing. You can bold, underline, italicize, set paragraphs, etc. using well-arranged commands and shortcuts. Formatting is also tenable on Excel. There are several formulas and procedures in formatting work on your Excel spreadsheet. You can condition your cells to respond automatically when you press a particular key
The analysis involves the calculation of differences between two values. You can also carry out simple percentage operations on your excel spreadsheet. The difference between the two values means change. This change can occur in the form of an increase or a decrease. For instance, your company may want to find the cost of production
Compound interest is one of the most popular functions in economics and finance. It is a standardized method of cumulating the interest accrued within a given time. In compound interest, you don't cash out your interest, but rather, you reinvest it. Here is a typical example, supposing you invested $1000 in a venture that yields
In production, depreciation occurs whenever an asset losses its value due to heavy use. When considering the units of production, depreciation is not calculated based on the duration an asset is used, but rather, it is calculated based on the number of units produced. For instance, if an asset K produces 50 units and the
1. Excel formula for percentage change Normally in mathematics, the percentage change is usually given by; %Change = (change/initial value) *100. The change is usually a difference between the two values in context. Change =new value-old value. We can also accomplish this task quickly and easily in excel. So supposing we need to find the
Formatting makes our documents look appealing to our eyes. The power of conditional formatting is far-reaching. Excel has not been left behind since we can use a specific formula to format our worksheets to our own liking. In this case, the formula should apply a given colour to alternate rows. This will enable an easy
The process of amortization involves paying back a loan for a given period of time until the loan is fully paid. For a long time, amortization calculation used to be done using a pen, paper and calculator but things are now changing. We can calculate loan amortization in Excel using formulas. Some of the basics
Average balances are closely associated with bank transactions and credit cards. One can easily calculate his or her average balance depending on the amounts spent. 1. Simple average balance One can find the average balance by simply taking the initial balance and adding it to the final balance and then dividing the result by two