Genivee Janna May 8, 2021 Spreadsheet
Oh my goodness, it‘s not surprising that so many couples who want to get divorced just stay separated for years. The process is daunting, expensive and, frankly, ridiculous. Basically I had to stop communicating with my husband immediately. Going forward all communication would be between my lawyer and his lawyer. We would turn in all of our financial documents and her paralegals would put them into spreadsheet form and then we would go about dividing everything up. We would have to come up with a parenting plan, my husband and I, with these two lawyers translating for us. We would have to get employment contracts from his employers so I knew that I was getting a fair share of all of his assets. It was going to be long and drawn out and messy. And the cost, somewhere between $15,000-$100,000, minimum.
Unfortunately an internal rate of return is time dependent so the amount you can withdraw depends on when you take it. Suffice to say, the only way to calculate the amount you can take e.g. halfway through the life of the fund, is by trial and error. If you are evaluating a number of investment opportunities, that can be a very time consuming process. Therefore Microsoft have built the Goal Seek function to aid your spreadsheet development. Since Excel 2007, it has been available from the Data ribbon. In earlier versions of Excel, it was present from the Tools menu. It gets straight to the point. It asks you which value you would like to fix (in this case the investor‘s return), what you would like to fix it to, and asks what you would like to change. All fields can accept cell references. It will then calculate the input through trial and error.
These common complaints with Microsoft Excel filtering are heard time and time again by engineers, accountants, management consultants, bankers and finance professionals who work with data in Excel spreadsheets on a daily basis. Many spreadsheet users including financial modellers (who seem to be leading the charge) are turning towards Excel Add-ins and software tools that plug into Microsoft Excel to help them improve the in-built filtering logic of Microsoft Excel and thus analyse certain data sets quickly and easily.
Templates are spreadsheets that are pre-formatted with text, colors, and/or formulas. They can be used to save you time and effort. Sometimes you are using a workbook as a template and don‘t even realize it. By this I mean you have a spreadsheet that you use daily, weekly or monthly. You may have to modify a few cells but the remainder of the spreadsheet is exactly the way you want it. It may be tedious to modify the cells but it is easier than recreating it from scratch. Guess what, you have the basis of a template!
Lester P. Goodbinder had suffered another agonizing week in Pittsburgh. The semi-annual audit he conducted at the Bourgeois Ball Bearing Factory stretched into five 14-hour days examining electronic spreadsheets on an archaic computer system installed in the early ‘80s. The equipment churned so abysmally he cleverly joked to himself it was powered by lazy hamsters on treadmills. Not only that, the accounting software loaded on the system was an early version of ”Abacus,” and only slightly faster than a key-punch adding machine but considerably slower than a hand-held calculator.
Whilst Excel cannot clean or structure all of your data for you it does come with some useful functionality for manipulating and analysing clean and structured data sets. This in-built functionality includes pivot tables, sorting and filtering. Filtering alone is a powerful tool and can help to quickly isolate data based on specified criteria. But what happens if your data is clean but not very structured (a common problem). For instance what if you, a client or your team is using colours, fonts or some kind of formatting to classify data in an Excel spreadsheet. In short, you wont be able to filter the data, because Excel‘s in-built filtering logic requires rules based on numbers, dates and text only. It will not perform filtering based on formats. In addition Excel filtering only applies down rows. It will not perform filtering across columns.