Intermediate Algebra 1
HFCC Math Lab
SLOPE INTERCEPT AND POINT-SLOPE FORMS OF THE LINE
THE EQUATION OF A LINE
Goal I.
Use the slope-intercept form of the line to write the equation of a non-vertical l
MATH 110: Chapter 3 Review: Equations and Inequalities
In order to prepare for the Test on Chapter 3, you need to understand and be able to work
problems involving the following topics.
A. Can you sol
MATH 110: FINAL EXAM REVIEW
Can you solve linear equations algebraically and check your answer on a graphing calculator? (1.5)
(1)
(a) 2 ( 5 y 1 ) y = 4 ( y 3 )
(c) 5 ( x 2 ) + 2 x = 7 ( x + 4 ) 38
(b
HFCC Math Lab
Intermediate Algebra - 10
LONG DIVISION OF POLYNOMIALS
Part I:
The algorithm for long division of polynomials works much the same as the algorithm for
the long division of whole numbers.
100
= 31.31%
For project Y =
1544.8 6250
100 =
29.52% As the co-efficient of variation of project X in more then that
Y project X in more risk. Hence, project Y should be selected. (vii) Decision tree
requirements depend upon the operating cycle of the business. The operating
cycle begins with the acquisition of raw material and ends with the collection of
receivables.
Working Capital
157
Operating
Internal Rate of Return Method
Profitability Index Method
Modern Methods
Pay-back Method
Fig. 9.2 Capital Budgeting Methods
Pay-back Period Pay-back period is the time required to recover the initial
Minimum Level
Danger Level
Time
Fig. 11.2 Determining the Stock Level
Lead Time Lead time is the time normally taken in receiving delivery after placing
orders with suppliers. The time taken in proces
Depreciation may be taken as 20% of original cost and taxation at 50% of net
income: You are required 10 calculated (a) Pay-back period (b) Net present value
(c) According rate of return (d) Net prese
=
320 4,400 365
=
320 365 4,400 = 275 days
Less: Average credit period granted by Suppliers
16 days 11 days
(ii) Work-in-progress:
Average WIP maintained Average cost of production per day
=
350 10,00
161 The above sources are also classified into internal sources and external
sources of working capital. Internal sources such as: Retained Earnings Reserve
and Surplus Depreciation Funds etc. Externa
Determination of Stock Level
Determination of Stock
Economic Order Quality
Fig. 11.1 Inventory Management Techniques
A. Techniques based on the order quantity of Inventories Order quantity of
inventor
Sales and Working Capital. 1. Conservative Working Capital Policy. 2. Moderate
Working Capital Policy. 3. Aggressive Working Capital Policy. 1. Conservative
working capital policy: Conservative Workin
working capital. 5. Critically explain the factors affecting the requirement of
working capital. 6. Explain the working capital management policy.
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Management of Work
Temporary Current Assets
Financing
Fig. 10.12 Conservative Approach
Aggressive Approach Under this approach, the entire estimated requirement of
current assets should be financed from short-term sourc
As the proposal yields a net present value of +27806.40 at a discount for of 10%
other proposal may be accepted.
MODEL QUESTIONS
1. What is capital budgeting? Explain its needs and importance. 2. What
CAPITAL BUDGETING PROCESS Capital
budgeting is a difficult process to the
investment of available funds. The benefit will attained only in the near future
but, the future is uncertain. However, the fo
1. What is dividend? Explain the types of dividend. 2. Explain the approaches of
dividend decision. 3. Explain the factors affecting the dividend policy. 4. Discuss
the various types of dividend polic
and manners. The examples of capital expenditure: 1. Purchase of fixed assets
such as land and building, plant and machinery, good will, etc. 2. The expenditure
relating to addition, expansion, improv
company depends upon the situation or conditions, Working Capital requirement
will depend upon the conditions laid down by the company.
156
Financial Management
5. Credit policy: Credit policy of sale
economic consideration. If the projects or proposals are not suitable for the
concerns financial condition, the projects are rejected without considering other
nature of the proposals. 5. Final approv
capital required to meet the special exigencies such as launching of extensive
marketing campaigns for conducting research, etc.
Temporary Working Capital
Amount of Working Capital
Time
Fig. 10.5 Temp
of the current asset is the working capital of a business. According to the
definition of Weston and Brigham, Working Capital refers to a firms investment
in short-term assets, cash, short-term securi
cash inflows of the two Projects may be calculated to measure the comparative
and risk of the Projects. The project having a higher standard deviation in said to
be more risky as compared to the other
Liquidity Position Liquidity position of the firms leads to easy payments of
dividend. If the firms have high liquidity, the firms can provide cash dividend
otherwise, they have to pay stock dividend.
= Rs. 120
Dividend Decision
115
Criticism of Gordons Model Gordons model consists of the following important
criticisms: Gordon model assumes that there is no debt and equity finance used by
the firm.
materials, components and spares. (ii) Excessive Working Capital results in locking
up of excess Working Capital. (iii) It creates bad debts, reduces collection periods,
etc. (iv) It leads to reduce t
which have not yet been committed to production in a manufacturing business
concern. B. Work in Progress These include those materials which have been
committed to production process but have not yet