What you will study Basic mathematical techniques, formulas and equations Types of data and Big Data Internal and external sources of information Sampling techniques Averaging data Measures of spread (dispersion) Probability and distributions Financial mathematics: compounding and discounting Interrelationships between…
Tag: business mathematics
Breakeven Analysis and Limiting Factor Analysis in Business
What you will study Calculation of the breakeven point (BEP) in cost volume profit (CVP)/breakeven analysis The contribution/sales (C/S) ratio and the margin of safety in marginal costing Breakeven arithmetic and profit target calculations Breakeven charts and profit/volume graphs Limiting…