1. USING BASIC FORMULAS Excel Lesson 4

2. FORMULAS Formulas: An equation that performs calculations such as addition, subtraction, multiplication, and division on values in a worksheet (John Wiley & Sons, Inc., 2012) The formula will display in the Formula bar, but the answer to the formula will actually appear in the cell Example: =B1+C1 OR =5+4

3. PARTS OF A FORMULA = sign: must be typed in the cell in order for Excel to recognize it as a formula Value: part of the formula being used in calculation (number, date, Boolean Data, cell reference)

4. PARTS OF A FORMULA Operand: Identifies the elements to be used in a formula(John Wiley & Sons, Inc., 2014)  Constant: A number or text value that is entered directly into a formula(John Wiley & Sons, Inc., 2012)  Example: =$244 + $12 ($244 and $12 are constants)  Variable: a name that represents something else (named ranges)  Example: =June+July (June and July are named ranges that cover the values for the month of June and the month of July)

5. PARTS OF A FORMULA Calculation Operators: symbols used in an equation  + Addition  - Subtraction  / Division  * Multiplication  ^ Exponentiation

6. ORDER OF OPERATIONS Excel follows the Order of Operations  PEMDAS  Parenthesis, Exponents, Multiplication, Division, Addition, Subtraction  Nested Parentheses: =(4(3+2))  Parentheses inside parentheses  Parentheses on the inside will be calculated first

7. USING FORMULAS When using formulas, a cell reference and cell locations are outlined in matching colors

8. CELL REFERENCE Column letter and row number of cell Example: A4

9. RELATIVE CELL REFERENCE Feature of Microsoft Excel that automatically adjusts the cell references for a new copy location when copying Example: B4

10. ABSOLUTE REFERENCE Feature of Microsoft Excel that keeps the cell reference constant in the formula as it copies the text into a new destination Uses the $ symbol to make it absolute  Example: $B$12

11. MIXED CELL REFERENCE Part of the reference is relative and part is absolute Example: $B4 where the column will not change, but the row 4 will when copied Example: B$4 where the row will not change, but the column will

12. EXTERNAL REFERENCE Refers to a reference in another Excel Workbook Example: =(June!B10) Utilizes the ! Symbol Worksheet Reference: refers to when a user references cells in other sheets in a workbook formula using the sheet name as the reference rather than the cell address

13. NAMED RANGE Allows the user to create names for cells/cell ranges Example: =sum(June)

14. SOURCE Microsoft Official Academic Course Microsoft Excel 2013. John Wiley & Sons, Inc., 2014. John Wiley & Sons, Inc. (2012). Microsoft Official Academic Course Microsoft Excel 2010, Exam 77-882.