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Default monthly cycle events to add to calendar object

I have what seems to be quite the doozie of a task... I am trying to create a
calendar for my work group which has events that occur on a monthly cycle. I
want to use a calendar object where I select the month and year, and excel
automatically input the events into their correct days.

The events are organized according to what working day of the month they
fall on. For example, event 1 occurs on the first working day of every
month. Event 7 would fall on the 5th to last working day of every month.

How would I accomplish this? Would I run into any issues if there are
multiple events on the same day?

Thanks in advance!
 
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