The Art of Mathematics in Business. Dr Jae K Shim
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The Art of Mathematics in Business
Analyzing Facts and Figures for Smart Business Decisions
Dr Jae K Shim
© Global Professional Publishing 2009
Reprinted 2010
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ISBN 978-1-906403-32-4
Printed by IBT
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Contents
Part 1 Evaluating the Cost of Bank Loans, Business Loans, Trade Credit, and Other Financing
1.Understanding Simple Interest
2.Real (Effective) Interest Rate
3.The Cost of Credit: Annual Percentage Rate
5.Promissory Notes and Bank Discounts
7.Receivables and Inventory Financing
Factoring of Accounts Receivable
Assignment of Accounts Receivable
8.Estimating the Cost of Debt and Equity Financing
Part 2 Budgeting and Profit Planning
9.Establishing a Budgeting System for Profit Planning
Monthly Cash Collections from Customers
Inventory Purchases – Merchandising Firm
The Ending Finished Goods Inventory Budget
The Selling and Administrative Expense Budget
10.What Is The Cost Structure?
11.Using Budgeting to Control Cash
12.Forecasting Cash Collections