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BUSINESS MATHEMATICS & STATISTICS.

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Presentation on theme: "BUSINESS MATHEMATICS & STATISTICS."— Presentation transcript:

1 BUSINESS MATHEMATICS & STATISTICS

2 LECTURE 19 Review Lecture 18 MS EXCEL Financial Functions
Perform a break-even analysis.

3 EXCEL FUNCTIONS FINANCIAL ANALYSIS
SLN    Returns the straight-line depreciation of an asset for one period SYD    Returns the sum-of-years' digits depreciation of an asset for a specified period

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6 EXCEL FUNCTIONS FINANCIAL ANALYSIS
VDB    Returns the depreciation of an asset for a specified or partial period using a declining balance method XIRR    Returns the internal rate of return for a schedule of cash flows that is not necessarily periodic

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10 LINEAR EQUATIONS Solve two linear equations with two variables
Solve problems that require setting up linear equations with two variables Perform linear Cost-Volume-Profit and break-even analysis employing: The contribution margin approach The algebraic approach of solving the cost and revenue functions

11 SOLVING LINEAR EQUATIONS
2x – 3y = – 6 x + y = 2 Solve for y 2x – 3y = – 6 2x + 2y = 4 -5y = -10 Y = 2

12 SOLVING LINEAR EQUATIONS
2x – 3y = – 6 x + y = 2 Solve for x Substitute y = 2 2x – 3(2) = – 6 2x = 2x = 0 x = 0

13 SOLVING LINEAR EQUATIONS
2x – 3y = – 6 x + y = 2 Solve for x Substitute y = 2 2x – 3(2) = – 6 2x = 2x = 0 x = 0

14 Solving Two Equations with Two Unknowns
check your answer by substituting the values into each of the equations Equation 1: 2x – 3y = -6 x = 0 y = 2 LHS = 2x – 3y = 2(0)-3(2) = -6 = RHS Equation 2 : x + y = 2 LHS = = x + y = 0 +2 = 2 = RHS

15 BUSINESS MATHEMATICS & STATISTICS


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