Excel Skills for Busine

Week 3: Name
Practice Cha

Week 3: Learning Objectives

Describe the use of Named Ranges
Use different methods to create Named Ranges
Enhance calculations through the use of Named Ranges

Scenario
You have been asked to prepare a report for the company's 60 projects.

* Go to the Project-Data sheet

* Find directions in the Yellow Cells
* Pink cells should be completed

You will need to complete the following tasks on the Project-Data sheet.

* Define named ranges for: column B - Project number, column D - Start date, column E - Finish date and column G - Project cost
* Calculate Number of estimated days to complete (column F). Use Named Ranges in your calculation.
* The company uses a 70% markup over the base price as the quoted price. Use Named Ranges and 70% increase ( H1) to calculate Quoted price to the customer (column H)
* Create a Named Range called Quoted price for column H, then calculate 1st Instalment, 2nd Instalment, 3rd Instalment and 4th Instalment, using Named Ranges and perc
* Add up 1st, 2nd, 3rd and 4th instalment columns without using Named Ranges and not using Sum (∑)
* Create a Named Range for Total receipts (column M), then calculate Outstanding amount and Project Profit columns using Named Ranges
* Create a Named Range for Project Profit (column O), then calculate column S and column T using Named Ranges and Functions (Sum, Average, Max and Min)
* Delete the Named Range for Project number (column B)
* Use Create from Selection and create Named Ranges for 1st Instalment, 2nd Instalment, 3rd Instalment and 4th Instalment
* Use Apply Names, select your newly created Named Ranges (1st Instalment, 2nd Instalment, 3rd Instalment and 4th Instalment) to change the Total receipts column M
* Insert a new worksheet, change the worksheet name to Named Ranges and record all Named Ranges in the worksheet by Use in Formula under Formula tab

Well done! Don't forget to save your workbook.

 Excel Skills for Business: Intermediate I
Week 3: Named Ranges
Practice Challenge

se ( H1) to calculate Quoted price to the customer (column H)

Instalment and 4th Instalment, using Named Ranges and percentages in cells I1, J1, K1 and L1 respectively
nges and Functions (Sum, Average, Max and Min)

and 4th Instalment) to change the Total receipts column M

worksheet by Use in Formula under Formula tab
 Named Range for
Start date and Finish
date and find the
difference

Number of
Project Customer name Project Estimated estimated days to
number start date finish date
complete

1 Dadbeh Pty Ltd 9/1/2015 11/24/2016 450

2 Ashkan Pty Ltd 9/28/2015 4/4/2016 189
3 Bolour Pty Ltd 2/27/2016 3/29/2017 396
4 Asal Pty Ltd 9/30/2015 4/1/2016 185
5 Barbad Pty Ltd 1/24/2016 12/4/2016 315
6 Arsalan Pty Ltd 2/24/2016 7/12/2016 140
7 Aram Pty Ltd 1/23/2016 4/26/2016 95
8 Azarakhsh Pty Ltd 3/1/2016 10/25/2016 239
9 Barbad Pty Ltd 10/13/2015 8/23/2016 315
10 Aram Pty Ltd 1/15/2016 4/18/2016 95
11 Afsoon Pty Ltd 12/20/2015 1/29/2016 41
12 Anoush Pty Ltd 9/22/2015 12/3/2015 72
13 Beh Ayin Pty Ltd 11/17/2015 10/19/2016 338
14 Afsoon Pty Ltd 1/16/2016 2/25/2016 41
15 Afshar Pty Ltd 1/22/2016 2/22/2016 32
16 Arsalan Pty Ltd 1/26/2016 6/13/2016 140
17 Delaram Pty Ltd 9/11/2015 12/17/2016 464
18 Afshar Pty Ltd 2/15/2016 3/17/2016 32
19 Delaram Pty Ltd 1/20/2016 4/27/2017 464
20 Azarakhsh Pty Ltd 2/3/2016 9/28/2016 239
21 Anoush Pty Ltd 11/3/2015 1/14/2016 72
22 Anoush Pty Ltd 11/16/2015 1/27/2016 72
23 Azarakhsh Pty Ltd 3/5/2016 10/29/2016 239
24 Bolour Pty Ltd 3/5/2016 4/5/2017 396
25 Ahou Pty Ltd 12/16/2015 1/30/2016 45
26 Beh Ayin Pty Ltd 9/30/2015 9/1/2016 338
27 Dadbeh Pty Ltd 1/13/2016 3/20/2017 432
28 Delaram Pty Ltd 3/11/2016 6/17/2017 464
29 Arsalan Pty Ltd 10/22/2015 3/9/2016 140
30 Ahou Pty Ltd 10/14/2015 11/28/2015 45
31 Ashkan Pty Ltd 10/13/2015 4/19/2016 189
32 Arsalan Pty Ltd 9/22/2015 2/8/2016 140
33 Ashkan Pty Ltd 12/20/2015 6/26/2016 189
34 Dadbeh Pty Ltd 12/31/2015 3/7/2017 432
35 Afshar Pty Ltd 9/17/2015 10/18/2015 32
36 Bolour Pty Ltd 11/11/2015 12/11/2016 396
37 Afsoon Pty Ltd 1/30/2016 3/10/2016 41
38 Afsoon Pty Ltd 9/28/2015 11/7/2015 41
39 Baharak Pty Ltd 1/8/2016 10/8/2016 275
40 Afshar Pty Ltd 1/11/2016 2/11/2016 32
41 Barbad Pty Ltd 2/15/2016 12/26/2016 315
42 Afsoon Pty Ltd 12/20/2015 1/29/2016 41
43 Beh Ayin Pty Ltd 3/16/2016 2/16/2017 338
44 Ashkan Pty Ltd 1/6/2016 7/13/2016 189
45 Barbad Pty Ltd 10/14/2015 8/24/2016 315
46 Baharak Pty Ltd 11/16/2015 8/16/2016 275
47 Ahou Pty Ltd 3/10/2016 4/24/2016 45
48 Afsoon Pty Ltd 9/16/2015 10/26/2015 41
49 Beh Ayin Pty Ltd 12/5/2015 11/6/2016 338
50 Baharak Pty Ltd 1/29/2016 10/29/2016 275
51 Anoush Pty Ltd 12/29/2015 3/10/2016 72
52 Afsoon Pty Ltd 10/15/2015 11/24/2015 41
53 Ahou Pty Ltd 3/8/2016 4/22/2016 45
54 Aram Pty Ltd 11/11/2015 2/13/2016 95
55 Azarakhsh Pty Ltd 9/1/2015 4/26/2016 239
56 Afsoon Pty Ltd 9/1/2015 10/11/2015 41
57 Baharak Pty Ltd 9/1/2015 6/1/2016 275
58 Delaram Pty Ltd 9/1/2015 12/7/2016 464
59 Bolour Pty Ltd 9/1/2015 10/1/2016 396
60 Aram Pty Ltd 9/1/2015 12/4/2015 95
 170% 15% 20% 25%
Increase to the Project cost Of Quoted price Of Quoted price Of Quoted price

Named Range for Project Named Range for Quoted Named Range for Quoted Named Range for Quoted
cost and apply 70% above price and apply above price and apply above price and apply above
mark up Percentage Percentage Percentage

Receipt from customer

Project cost Quoted price to the 1st instalment 2nd instalment 3rd instalment
customer

$90,000.00 $153,000.00 $22,950.00 $30,600.00 $38,250.00

$37,800.00 $64,260.00 $9,639.00 $12,852.00 $16,065.00
$79,200.00 $134,640.00 $20,196.00 $26,928.00 $33,660.00
$36,900.00 $62,730.00 $9,409.50 $12,546.00 $15,682.50
$63,000.00 $107,100.00 $16,065.00 $21,420.00 $26,775.00
$27,900.00 $47,430.00 $7,114.50 $9,486.00 $11,857.50
$18,900.00 $32,130.00 $4,819.50 $6,426.00 $8,032.50
$47,700.00 $81,090.00 $12,163.50 $16,218.00 $20,272.50
$63,000.00 $107,100.00 $16,065.00 $21,420.00 $26,775.00
$18,900.00 $32,130.00 $4,819.50 $6,426.00 $8,032.50
$8,100.00 $13,770.00 $2,065.50 $2,754.00 $3,442.50
$14,400.00 $24,480.00 $3,672.00 $4,896.00 $6,120.00
$67,500.00 $114,750.00 $17,212.50 $22,950.00 $28,687.50
$8,100.00 $13,770.00 $2,065.50 $2,754.00 $3,442.50
$6,300.00 $10,710.00 $1,606.50 $2,142.00 $2,677.50
$27,900.00 $47,430.00 $7,114.50 $9,486.00 $11,857.50
$92,700.00 $157,590.00 $23,638.50 $31,518.00 $39,397.50
$6,300.00 $10,710.00 $1,606.50 $2,142.00 $2,677.50
$92,700.00 $157,590.00 $23,638.50 $31,518.00 $39,397.50
$47,700.00 $81,090.00 $12,163.50 $16,218.00 $20,272.50
$14,400.00 $24,480.00 $3,672.00 $4,896.00 $6,120.00
$14,400.00 $24,480.00 $3,672.00 $4,896.00 $6,120.00
$47,700.00 $81,090.00 $12,163.50 $16,218.00 $20,272.50
$79,200.00 $134,640.00 $20,196.00 $26,928.00 $33,660.00
$9,000.00 $15,300.00 $2,295.00 $3,060.00 $3,825.00
$67,500.00 $114,750.00 $17,212.50 $22,950.00 $28,687.50
$86,400.00 $146,880.00 $22,032.00 $29,376.00 $36,720.00
$92,700.00 $157,590.00 $23,638.50 $31,518.00 $39,397.50
$27,900.00 $47,430.00 $7,114.50 $9,486.00 $11,857.50
$9,000.00 $15,300.00 $2,295.00 $3,060.00 $3,825.00
$37,800.00 $64,260.00 $9,639.00 $12,852.00 $16,065.00
$27,900.00 $47,430.00 $7,114.50 $9,486.00 $11,857.50
$37,800.00 $64,260.00 $9,639.00 $12,852.00 $16,065.00
$86,400.00 $146,880.00 $22,032.00 $29,376.00 $36,720.00
 $6,300.00 $10,710.00 $1,606.50 $2,142.00 $2,677.50
$79,200.00 $134,640.00 $20,196.00 $26,928.00 $33,660.00
$8,100.00 $13,770.00 $2,065.50 $2,754.00 $3,442.50
$8,100.00 $13,770.00 $2,065.50 $2,754.00 $3,442.50
$54,900.00 $93,330.00 $13,999.50 $18,666.00 $23,332.50
$6,300.00 $10,710.00 $1,606.50 $2,142.00 $2,677.50
$63,000.00 $107,100.00 $16,065.00 $21,420.00 $26,775.00
$8,100.00 $13,770.00 $2,065.50 $2,754.00 $3,442.50
$67,500.00 $114,750.00 $17,212.50 $22,950.00 $28,687.50
$37,800.00 $64,260.00 $9,639.00 $12,852.00 $16,065.00
$63,000.00 $107,100.00 $16,065.00 $21,420.00 $26,775.00
$54,900.00 $93,330.00 $13,999.50 $18,666.00 $23,332.50
$9,000.00 $15,300.00 $2,295.00 $3,060.00 $3,825.00
$8,100.00 $13,770.00 $2,065.50 $2,754.00 $3,442.50
$67,500.00 $114,750.00 $17,212.50 $22,950.00 $28,687.50
$54,900.00 $93,330.00 $13,999.50 $18,666.00 $23,332.50
$14,400.00 $24,480.00 $3,672.00 $4,896.00 $6,120.00
$8,100.00 $13,770.00 $2,065.50 $2,754.00 $3,442.50
$9,000.00 $15,300.00 $2,295.00 $3,060.00 $3,825.00
$18,900.00 $32,130.00 $4,819.50 $6,426.00 $8,032.50
$47,700.00 $81,090.00 $12,163.50 $16,218.00 $20,272.50
$8,100.00 $13,770.00 $2,065.50 $2,754.00 $3,442.50
$54,900.00 $93,330.00 $13,999.50 $18,666.00 $23,332.50
$92,700.00 $157,590.00 $23,638.50 $31,518.00 $39,397.50
$79,200.00 $134,640.00 $20,196.00 $26,928.00 $33,660.00
$18,900.00 $32,130.00 $4,819.50 $6,426.00 $8,032.50
 Add up 1st, 2nd, 3rd Difference between Difference between
30% and 4th instalments Named Range of Named Range of
without using Named Quoted price and Total Quoted price and
Of Quoted price
Ranges. Do not use receipts Project cost
Sum (∑).
Named Range for Quoted
price and apply above
Percentage

m customer

4th instalment Total receipts Outstanding amount Project profit

$45,900.00 $137,700.00 $15,300.00 $63,000.00

$19,278.00 $57,834.00 $6,426.00 $26,460.00
$40,392.00 $121,176.00 $13,464.00 $55,440.00
$18,819.00 $56,457.00 $6,273.00 $25,830.00
$32,130.00 $96,390.00 $10,710.00 $44,100.00
$14,229.00 $42,687.00 $4,743.00 $19,530.00
$9,639.00 $28,917.00 $3,213.00 $13,230.00
$24,327.00 $72,981.00 $8,109.00 $33,390.00
$32,130.00 $96,390.00 $10,710.00 $44,100.00
$9,639.00 $28,917.00 $3,213.00 $13,230.00
$4,131.00 $12,393.00 $1,377.00 $5,670.00
$7,344.00 $22,032.00 $2,448.00 $10,080.00
$34,425.00 $103,275.00 $11,475.00 $47,250.00
$4,131.00 $12,393.00 $1,377.00 $5,670.00
$3,213.00 $9,639.00 $1,071.00 $4,410.00
$14,229.00 $42,687.00 $4,743.00 $19,530.00
$47,277.00 $141,831.00 $15,759.00 $64,890.00
$3,213.00 $9,639.00 $1,071.00 $4,410.00
$47,277.00 $141,831.00 $15,759.00 $64,890.00
$24,327.00 $72,981.00 $8,109.00 $33,390.00
$7,344.00 $22,032.00 $2,448.00 $10,080.00
$7,344.00 $22,032.00 $2,448.00 $10,080.00
$24,327.00 $72,981.00 $8,109.00 $33,390.00
$40,392.00 $121,176.00 $13,464.00 $55,440.00
$4,590.00 $13,770.00 $1,530.00 $6,300.00
$34,425.00 $103,275.00 $11,475.00 $47,250.00
$44,064.00 $132,192.00 $14,688.00 $60,480.00
$47,277.00 $141,831.00 $15,759.00 $64,890.00
$14,229.00 $42,687.00 $4,743.00 $19,530.00
$4,590.00 $13,770.00 $1,530.00 $6,300.00
$19,278.00 $57,834.00 $6,426.00 $26,460.00
$14,229.00 $42,687.00 $4,743.00 $19,530.00
$19,278.00 $57,834.00 $6,426.00 $26,460.00
$44,064.00 $132,192.00 $14,688.00 $60,480.00
 $3,213.00 $9,639.00 $1,071.00 $4,410.00
$40,392.00 $121,176.00 $13,464.00 $55,440.00
$4,131.00 $12,393.00 $1,377.00 $5,670.00
$4,131.00 $12,393.00 $1,377.00 $5,670.00
$27,999.00 $83,997.00 $9,333.00 $38,430.00
$3,213.00 $9,639.00 $1,071.00 $4,410.00
$32,130.00 $96,390.00 $10,710.00 $44,100.00
$4,131.00 $12,393.00 $1,377.00 $5,670.00
$34,425.00 $103,275.00 $11,475.00 $47,250.00
$19,278.00 $57,834.00 $6,426.00 $26,460.00
$32,130.00 $96,390.00 $10,710.00 $44,100.00
$27,999.00 $83,997.00 $9,333.00 $38,430.00
$4,590.00 $13,770.00 $1,530.00 $6,300.00
$4,131.00 $12,393.00 $1,377.00 $5,670.00
$34,425.00 $103,275.00 $11,475.00 $47,250.00
$27,999.00 $83,997.00 $9,333.00 $38,430.00
$7,344.00 $22,032.00 $2,448.00 $10,080.00
$4,131.00 $12,393.00 $1,377.00 $5,670.00
$4,590.00 $13,770.00 $1,530.00 $6,300.00
$9,639.00 $28,917.00 $3,213.00 $13,230.00
$24,327.00 $72,981.00 $8,109.00 $33,390.00
$4,131.00 $12,393.00 $1,377.00 $5,670.00
$27,999.00 $83,997.00 $9,333.00 $38,430.00
$47,277.00 $141,831.00 $15,759.00 $64,890.00
$40,392.00 $121,176.00 $13,464.00 $55,440.00
$9,639.00 $28,917.00 $3,213.00 $13,230.00
 Project cost Project profit

Named Range for Project

cost or Project profit and Total $ 2,441,700.00 $ 1,709,190.00
use Sum function

Named Range for Project

cost or Project profit and Average $ 40,695.00 $ 28,486.50
Average function

Named Range for Project

cost or Project profit and Maximum $ 92,700.00 $ 64,890.00
Max function

Named Range for Project

cost or Project profit and Minimum $ 6,300.00 $ 4,410.00
Min function
Estimated_='Project-Data'!$E$6:$E$65
Project_co='Project-Data'!$G$6:$G$65
Project_n ='Project-Data'!$B$6:$B$65
Project_pro='Project-Data'!$O$6:$O$65
Project_st ='Project-Data'!$D$6:$D$65
Quoted_pr='Project-Data'!$H$6:$H$65
Total_recei='Project-Data'!$M$5:$M$65