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Business mathematics notes for accounting,commercial enterprises,organizations.
It consist fundamentals of business mathematics from basics to advanced. Business mathematics notes is used by accounting professionals,commercial enterprises, commercial organizations to keep records for accounts,inventory,sales,marketing,finance to manage business operations ,sales fore casting & financial analysis.
It is important to have business mathematics skills which needed to an entrepreneur, industrialist ,business men to understand, analyse, and solve mathematical problems encountered in business and finance, and in investment decision making. Business mathematics is helpful for professionals and commerce,business,management students.
It almost cover all important topics of which are given below
Unit – 1. Ratio
Profit Ratio
Sacrifice ratio and gain ratio
Invoice price
Manager’s commission
Discount
Commission and brokerage
Average, Profit and loss
Unit – 2. Calculus
Elementry Differentiation
Second Order Partial Derivatives
Maxima and Minima
Euler's Theorem
Unit – 3. Elementary Matrices and Determinants
Matrices & types of matrices
Algebra of matrices
Elementary properties of determinants
Calculation of values of determinants up to second order
Unit – 4. Logarithms
Linear Programming
Problems relating to two variables including the case of mixed constraints
Simplex Method
Logarithms
Unit – 5. Simple & Compound Interest and Annuities
Simple & Compound Interest
Annuities
Concept of present value and amount of a sum types of annuities
Present Value with Continuous Compounding
Problems relating to sinking fund