Convert Bonus Plan to Excel fast and easy

Straightforward guide on how to Convert Bonus Plan to Excel

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Convert Bonus Plan to Excel and save changes.
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How to Convert Bonus Plan to Excel

4.7 out of 5

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This video tutorial continues the sales analysis exercise, focusing on calculating bonuses for salespersons based on their July to December 2018 performance. The bonus criteria are as follows: sales of 50,000 or more earn a bonus of 3,200; sales between 35,000 and 50,000 earn 1,600; sales between 20,000 and 35,000 earn 800; and sales below 20,000 do not qualify for a bonus. The tutorial demonstrates the use of the IF function, which accommodates multiple possible outcomes in a formula, as there are four distinct bonus categories to evaluate. The presentation begins with calculating the bonus for an employee named Avery using the IF function based on the revenue value in cell H4.

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How do you use the IF function for bonus?

1:25 7:25 How to use an IF function to work out a bonus. IF Statement - YouTube YouTube Start of suggested clip End of suggested clip Now i want it to say bonus if its true. And not bonus if its false so in a basic if statement youMoreNow i want it to say bonus if its true. And not bonus if its false so in a basic if statement youve got a test which is what weve just done there then a comma.

How do I automatically import data into Excel?

Excel can import data from external data sources including other files, databases, or web pages. Click the Data tab on the Ribbon.. Click the Get Data button. Select From File. Select From Text/CSV. Select the file you want to import. Click Import. Verify the preview looks correct. Click Load.

How do I Export a Planner plan to Excel?

If you want to sort, filter, report on, or share your Planner plan with people who arent members of the plan, you can export your plan to Excel. In your plan header, select the three dots (), then choose Export plan to Excel. When asked what you want to do with [Plan name]. xlsx, choose either Open or Save.

What is the formula for bonus in Excel?

The formula =IF(F220000,0.02*F2,0) can be thought of in these words, If the revenue in F2 is greater than 20,000 then 2% of F2, otherwise 0. An IF function calculates the bonus.

How do you do an if statement in Excel?

Use the IF function, one of the logical functions, to return one value if a condition is true and another value if its false. For example: =IF(A2B2,Over Budget,OK) =IF(A2=B2,B4-A4,)

How do you calculate a 5% bonus?

Multiply total sales by total bonus percentage. For example, you make $10,000 in sales, and your company offers you a 5% commission. $10,000 x .05 = $500. One employee makes $50,000 per year, and the bonus percentage is 3%. $50,000 x .03 = $1,500.

How do I CONVERT a PDF to Excel?

Open a PDF file in Acrobat. Open a PDF file in Acrobat. Click on the Export PDF tool in the right pane. Choose spreadsheet as your export format, and then select Microsoft Excel Workbook. Click Export. If your PDF documents contain scanned text, Acrobat will run text recognition automatically.

How do I calculate if a bonus is used in Excel?

The formula =IF(F220000,0.02*F2,0) can be thought of in these words, If the revenue in F2 is greater than 20,000 then 2% of F2, otherwise 0. An IF function calculates the bonus.

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Convert Bonus Plan to Excel