M
Michael Saffer
Hello everybody,
Two people from a google forum helped me with an expense problem similar to
this. This one is all about revenue. Thanks to those people if you're
watching!
I found this formula and it works within a spreadsheet that will show a
percentage of an available bonus to pay an employee who meets a revenue
goal providing certain criteria is met. It looks to me like some
percentages are meant to show return text, like "30%" in the second nested
if, while other percentages like "70%" in the same second nested if are used
for division. Then in the third nested if, it looks like the author used a
combination of percentages that is confusing me, like 100% and /50% and
Here's the formula:
=IF((R14<H14),0,IF(R14<J14,30%+((R14-H14)/((J14-H14)/70%)),IF((100%+((R14-J1
4)/((L14-J14)/50%))>1.5),150%,100%+((R14-J14)/((L14-J14)/50%)))))
R is Actual
H is 95% of Budget
J is Budget
L is 110% of Budget
Does anyone have the time to actually type this formula in English? If I
could read in English what this formula is doing, I could understand it a
lot better and also be very grateful.
As always,
Thank you for your time and patience.
Regards,
Michael
Jacksonville.
Two people from a google forum helped me with an expense problem similar to
this. This one is all about revenue. Thanks to those people if you're
watching!
I found this formula and it works within a spreadsheet that will show a
percentage of an available bonus to pay an employee who meets a revenue
goal providing certain criteria is met. It looks to me like some
percentages are meant to show return text, like "30%" in the second nested
if, while other percentages like "70%" in the same second nested if are used
for division. Then in the third nested if, it looks like the author used a
combination of percentages that is confusing me, like 100% and /50% and
1.5. I'm not sure what is actually going on here.
Here's the formula:
=IF((R14<H14),0,IF(R14<J14,30%+((R14-H14)/((J14-H14)/70%)),IF((100%+((R14-J1
4)/((L14-J14)/50%))>1.5),150%,100%+((R14-J14)/((L14-J14)/50%)))))
R is Actual
H is 95% of Budget
J is Budget
L is 110% of Budget
Does anyone have the time to actually type this formula in English? If I
could read in English what this formula is doing, I could understand it a
lot better and also be very grateful.
As always,
Thank you for your time and patience.
Regards,
Michael
Jacksonville.