Scribd Logo
Upload

Welcome to Scribd!

  • 287 views

    Wendy Yvana Intro To Quant Meth Unit 4

    Uploaded by

    pse
    This assignment cover sheet summarizes an assignment on introduction to quantitative methods. It includes the learner's name, registration number, study centre, unit details, and a declaration of authenticity signed by the learner and tutor. The assignment contains 3 tasks. Task 1 analyzes revenue, expense, and profit data for a company from 2013-2015 and forecasts 2016 profit. Task 2 calculates break-even quantity for a product with given selling price, variable cost, and fixed cost. Task 3 analyzes profit functions and profit/loss for products with varying price points. Tables and diagrams are provided to illustrate the relationships between variables.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    Wendy Yvana Intro To Quant Meth Unit 4

    Uploaded by

    pse
    287 views5 pages
    This assignment cover sheet summarizes an assignment on introduction to quantitative methods. It includes the learner's name, registration number, study centre, unit details, and a declaration of authenticity signed by the learner and tutor. The assignment contains 3 tasks. Task 1 analyzes revenue, expense, and profit data for a company from 2013-2015 and forecasts 2016 profit. Task 2 calculates break-even quantity for a product with given selling price, variable cost, and fixed cost. Task 3 analyzes profit functions and profit/loss for products with varying price points. Tables and diagrams are provided to illustrate the relationships between variables.

    Original Title

    WENDY YVANA INTRO TO QUANT METH UNIT 4

    Copyright

    © © All Rights Reserved

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This assignment cover sheet summarizes an assignment on introduction to quantitative methods. It includes the learner's name, registration number, study centre, unit details, and a declaration of authenticity signed by the learner and tutor. The assignment contains 3 tasks. Task 1 analyzes revenue, expense, and profit data for a company from 2013-2015 and forecasts 2016 profit. Task 2 calculates break-even quantity for a product with given selling price, variable cost, and fixed cost. Task 3 analyzes profit functions and profit/loss for products with varying price points. Tables and diagrams are provided to illustrate the relationships between variables.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    287 views5 pages

    Wendy Yvana Intro To Quant Meth Unit 4

    Uploaded by

    pse
    This assignment cover sheet summarizes an assignment on introduction to quantitative methods. It includes the learner's name, registration number, study centre, unit details, and a declaration of authenticity signed by the learner and tutor. The assignment contains 3 tasks. Task 1 analyzes revenue, expense, and profit data for a company from 2013-2015 and forecasts 2016 profit. Task 2 calculates break-even quantity for a product with given selling price, variable cost, and fixed cost. Task 3 analyzes profit functions and profit/loss for products with varying price points. Tables and diagrams are provided to illustrate the relationships between variables.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    You are on page 1of 5

    Assignment Cover Sheet

    This must be completed and added to the front of every assignment


    Learner Name WENDY YVANA DJANDA MONEBOULOU

    Learner Registration
    No.
    Study Centre Name C3S BUSINESS SCHOOL
    Qualification Title DBM

    Unit Reference No.

    Unit Title INTRO TO QUANTITATIVE METHODS

    Word Count

    Submission Date 13 OCTOBRE

    Declaration of authenticity:
    1. I declare that the attached submission is my own original work. No significant part of it has been
    submitted for any other assignment and I have acknowledged in my notes and bibliography all written
    and electronic sources used.
    2. I acknowledge that my assignment will be subject to electronic scrutiny for academic honesty.
    3. I understand that failure to meet these guidelines may instigate the centre’s malpractice procedures
    and risk failure of the unit and / or qualification.

    _________________ _________________
    Learner signature Tutor signature
    Date: 13/10/2020 Date:

    UNIT 4: Introduction to quantitative methods


    TASK 1
    a- The above table:

    ASSIGNMENT COVER SHEET V3.0 | JULY 2019


    1
    Assignment Cover Sheet
    Revenue Expenses Actual profits Budgeted profits
    2013 £ 316 449 668,60 £ 313 395 191,59 £ 3 054 477,01 £ 3 046 000,00
    2014 £ 354 423 628,83 £ 344 734 710,74 £ 9 688 918,09 £ 9 561 000,00
    2015 £ 396 954 464,29 £ 379 208 181,82 £ 17 746 282,47 £ 18 115 000,00

      Budgeted Revenue Budgeted Expenses Actual profits

    - 2016 £ 444 589 000,00 £ 417 129 000,00 £ 27 460 000,00


    Budgeted revenue = 396 954 464,29 * (1 + 0.12) = £ 444 589 000
    - Budgeted expenses = 379 208 181,82 * (1+ 0.1) = £ 417 129 000

    b-The likely profit for 2016 = 444 589 000 - 417 129 000 = £ 27 460 000
    c-From the data we have, it seems that the law of probability explains that budgeted profit is greater than
    income and expenditure. on the other hand, incomes increase and expenses seem to decrease.

    Whereas in this case the actual profit is greater than the budgeted profit.

    TASK 2

    a- the equation to calculate the profit is:

    Profit = SP x unit of sold – (VC x unit of sold + TFC)

    = 450x – (350x + 800)

    Where: x= quantity of units sold

    SP= selling price per unit

    VC=variable cost per unit

    TFC= total fixed cost

    b- the formula to calculate the number of units to sell to meet the break-even point:

    0 = 450x – (350x + 800)

    0= 450x – 350x + 800

    0= 100x + 800

    100x = 800

    x= 800 / 100

    ASSIGNMENT COVER SHEET V3.0 | JULY 2019


    1
    Assignment Cover Sheet
    x=8

    c- PROFIT = 450x – (350x + 800)

    =450*23 – (350*23 + 800)

    = 10 350 – (8050 + 800)

    = 19 200

    PART 2

    d- the equation to calculate the profit is:

    Profit = SP x – (VC x + TFC)

    = 1x – (0,90x + 2000)

    e- The number of items Hector needs to sell to break even:

    FIXED COST = 2000 = 20 000

    SELLING PRICE – PURCHASE PRICE 1 – 0,90

    f- Net income = income – expenses

    = (15 000*1) – ((15 000*0.90) + 2000)

    = 15 000 – 15 500

    = - 500

    TASK 3

    Part 1

    a- the equation to calculate the maximum profit is:

    P(x) = R(x) – C(x)

    P(x) = 15x – (130- x)

    Where :

    R(x) : Revenue function

    P(x): Profit

    C(x): Cost function

    ASSIGNMENT COVER SHEET V3.0 | JULY 2019


    1
    Assignment Cover Sheet
    b- the equation write in a table the price and profit for price ranging from £15 to £3:

    Price Cost Profit


    1 £ 3,00 £ 4,50 -£ 1,50
    2 £ 4,00 £ 4,50 -£ 0,50
    3 £ 5,00 £ 4,50 £ 0,50
    4 £ 6,00 £ 4,50 £ 1,50
    5 £ 7,00 £ 4,50 £ 2,50
    6 £ 8,00 £ 4,50 £ 3,50
    7 £ 9,00 £ 4,50 £ 4,50
    8 £ 10,00 £ 4,50 £ 5,50
    9 £ 11,00 £ 4,50 £ 6,50
    10 £ 12,00 £ 4,50 £ 7,50
    11 £ 13,00 £ 4,50 £ 8,50
    12 £ 14,00 £ 4,50 £ 9,50
    13 £ 15,00 £ 4,50 £ 10,50

    c- A diagram to represent the profit:

    d- The maximum possible profit is £ 4,50 and the selling price is £ 4,50.

    PART 2

    a- A table show the relationship between price and profit/loss:

    Days Price Numbers sold Cost Stall Cost Profit


    1 £ 4,00 £ 20,00 £ 0,65 £ 60,00 £ 19,35
    2 £ 3,00 £ 60,00 £ 0,65 £ 60,00 £ 119,35
    3 £ 2,00 £ 100,00 £ 0,65 £ 60,00 £ 139,35
    Other days £ 1,00 £ 140,00 £ 0,65 £ 60,00 £ 79,35

    ASSIGNMENT COVER SHEET V3.0 | JULY 2019


    1
    Assignment Cover Sheet
    b- A diagram to represent price and profit/loss:

    c- The optimal selling price is £ 2,00.

    ASSIGNMENT COVER SHEET V3.0 | JULY 2019


    1

    You might also like