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The art of mathematics in business: analyzing facts and figures for smart business decisions
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English
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Table of Contents
From the Book
Understanding simple interest
Real (effective) interest rate
The cost of credit: annual percentage rate
Calculating due dates
Promissory notes and bank discounts
Trade credit
Receivables and inventory financing
Estimating the cost of debt and equity financing
Establishing a budgeting system for profit planning
What is the cost structure?
Using budgeting to control cash
Forecasting cash collections
"What-if" analysis
Budget accuracy ratios
Projecting financing needs
Naive forecasting models
Moving averages
Exponential smoothing
Regression analysis
Regression statistics
Simple regression
Trend equation
Decomposition of time series
Measuring accuracy of forecasts
Cost of prediction errors
X² (Chi-square test)
Cash flow statement
Using float
Using a lockbox to get money sooner
Bank reconciliation
Putting excess cash to work
What is the equivalent tax yield?
Determining the optimal cash
Cash ratios
Cash flow from operations
Cash forecasting
Accounts receivable ratios
Managing accounts receivable
Inventory ratios
How much to order (economic order quantity) and when to order (reorder point)
Calculating quantity discounts (EOQ with quantity discounts)
Determining production run size
Allowing for safety stock
Calculating inventory dollar burden
Using the ABC system for inventory control
Sales ratios
How good is the merchandise?
Factoring in trade discounts
Calculating cash discounts
Single equivalent discount and chain discount
Markup calculations
Cost as a basis
Commission computation
Cost-volume-profit analysis
Contribution margin analysis
How does product demand react to a price change?
Figuring the risk-return trade-off
Opportunity cost
How many years does it take to get your money back (payback period)?
How do you calculate future values? How money grows?
Determining annual deposits (sinking funds)
Determining the number of periods required
Rules of 69 and 72
Computing interest rate
How to calculate after-tax cash flows
What is present value? How much is money worth now?
Calculating loan payments
Ranking proposals and projects
Determining internal rate of return (time-adjusted rate of return)
Capitalization rate
Gross income multiplier
Net income multiplier
How are your assets operating?
Repairs and maintenance ratios
Maintenance and repair index
Utilization of space
Efficiency measurements
Direst costs-to-sales ratios
Balance sheet basics
Profit and loss statement
Ratios, proportions, and percentages
Charts and graphs
Comparing accounts over the years (horizontal analysis)
Comparing accounts within the current year
How to use index numbers
Growth rate
Current ratio
Quick (acid test) ratio
Operating cycle
Are your defensive assets sufficient?
Working capital
Liquidity index
Assessing asset utilization (turnover)
Fixed-asset ratios
Noncurrent assets to noncurrent liabilities
Accounts payable ratios
Current liability ratios
How much debt do you have, and can you pay it?
What obligations are pressing?
Ratios of off-balance-sheet assets and liabilities
Earning growth
Profit margin
Sales to current assets
Sales to current debt
Analysis of expenses
Can you cover interest payments?
Operating leverage
Fixed-charge coverage
Is your funds flow adequate?
Discretionary cost ratios
"Z-score" model: forecasting business failure
Choosing profitability goals
Simple (accounting) rate of return
Return on total assets
Residual income
Flexible-budget variance
Variance between actual sales and budgeted sales
Variance between actual costs and budgeted costs
Price variance
Quantity variance
Salesperson variances
Warehouse cost variance
Incremental cost and incremental revenue
Averages (means): simple and weighted
Median and mode
Expected value and standard deviation
Coefficient of variation
Normal distribution
Determining how much insurance is needed
Factoring in coinsurance and copayment
Evaluating insurance risk
Estimating the value of a claim
Permutations and combinations
Sizing up human resource needs
Calculating the cost of a fringe benefits program
Determining profit-sharing bonus
Employee efficiency
Determining how much your business is worth
Valuing a franchise.
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ISBN
9781906403324
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