Revenues are received monthly and then distributed to Mark and Frank.
At first, 75% of the revenues will go to Mark and 25% to Frank. This arrangement of 75/25 will be changed to 25% to the Mark and 75% to Frank once Mark’s $1000 investment is paid back. Once both parties have been compensated equally the percentage split will convert to 50%/50%. I also need functionality that tracks the money to alert me when the percentages should convert.
What formula should I use?
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Thanks in advance for any tips.
Texan Fan
I'm using Excel 2007 and Windows 7
At first, 75% of the revenues will go to Mark and 25% to Frank. This arrangement of 75/25 will be changed to 25% to the Mark and 75% to Frank once Mark’s $1000 investment is paid back. Once both parties have been compensated equally the percentage split will convert to 50%/50%. I also need functionality that tracks the money to alert me when the percentages should convert.
What formula should I use?
Month | Revenue | Mark's 75% / 25% / 50% | Frank's 25% / 75% / 50% |
Jan | 250 | formula | formula |
Feb | 300 | formula | formula |
March | 300 | ||
April | 350 | ||
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Thanks in advance for any tips.
Texan Fan
I'm using Excel 2007 and Windows 7