Enhancing readability with range names

- You can provide documentation for formulas…and also improve the readability of certain formulas…if you use range names.…You can give a name to single cell or a group of cells.…And then use those names in formulas.…And in some cases it really does…make formulas easier to understand.…In this particular worksheet here,…we're about to put in a calculation in column J,…New Compensation.…Let me zoom in on this portion of the screen.…Scroll to the right.…

Let's imagine it, we're going to be calculating…new compensation amounts in column J…based on the data in column H…and a percent increase from cell M1.…If we give cell M1 a name,…we can use the name in the formula.…And it might be easier to understand the formula…as we see it then.…We can name a cell in a couple of different ways.…We could actually click cell M1,…then go to the Insert menu and choose Name…and then Define, we could certainly do this.…Type it in here, click OK, and so on.…

Nothing wrong with that, but certainly a lot faster…is simply having the cell selected,…