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Assignment BBMP1103

This document is a student's coursework for Mathematics for Management consisting of 4 questions. It covers topics such as: - Solving a system of linear equations using matrices and inverses - Finding the equation of a line given a point - The advantages of break even analysis for businesses - Calculating present and future values of investments over time using compound interest formulas

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827 views11 pages

Assignment BBMP1103

This document is a student's coursework for Mathematics for Management consisting of 4 questions. It covers topics such as: - Solving a system of linear equations using matrices and inverses - Finding the equation of a line given a point - The advantages of break even analysis for businesses - Calculating present and future values of investments over time using compound interest formulas

Uploaded by

rohaiza1979
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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BACHELOR OF BUSINESS ADMINISTRATION WITH HONOURS

SEMESTER JAN 2014


BBMP1103
MATHEMATICS FOR MANAGEMENT

MATRICULATION NO :

791016145081001

IDENTITY CARD NO.

791016-14-5081

TELEPHONE NO. :

019-6641264

E-MAIL

[email protected]

LEARNING CENTRE

SHAH ALAM

BBMP1103

TABLE OF CONTENTS

PAGE

QUESTION NO. 1

35

QUESTION NO . 2

67

QUESTION NO . 3

89

QUESTION NO . 4

10- 11

BBMP1103

Question 1

x + 2y + z = 4
3x + z = 2
Xy+z=1

a) Function into a matrix form, let A be the coefficient matrix


1 2 1
x
4
3 0 1
y
2
1 -1 1
z
1

A= 1 2 1
3 0 1
1 -1 1

b) Determinant of A = 1 0 1
-1 1

-2 3 1
1 1

+1 3 0
1 -1

= 1 (1) -2 (2) + 1 (3)


= 1 - 4 + (-3)
= -6

c) Minor of A = 1 2 -3
3 0 -3
2 -2 -6

BBMP1103

d) Cofactor of A = 1 x 1 = 1

-1 x 3 = -3

1x2=2

-1 x 2 = -2

1x0=0

-1 x (-2) = 2

1x3=3

-1 x (-3) = 3

1 x (-6) = -6

1 -2 -3
-3 0 3
2 2 -6

e) Adjoint of A = ( Cofactor A )

f)

-2

-3

-3

-6

-3

-2

-3

-6

Inverse of A

A-1 =

1/-6

-3

-2

-3

3 -6

1/6

-3/6

2/6

-2/6

2/6

-3/6

3/6 -6/-6
2

BBMP1103

g) x , y and z
x
y
z

1/-6

-3/-6

2/-6

-2/-6

2/-6

-3/-6

3/-6

-6/-6

2
=

0
3

Thus, x = 2 , y = 0 and z = 3

BBMP1103

Question 2

a) 3x + 10y 4 = 0
3x + 10y = 4
10y = -3x + 4
Y = -3/10 x + 4/10

M = 10/3

Y = mx + b through point ( 1,4)


4 = 10/3 (1) + b
4 = 10/3 + b
B = 4/1 10/3
= 12 10
3
= 2/3
Therefore, y = 10/3 x + 2/3

BBMP1103

b) Y = x2 12x + 14 = 0
Y = x2 12x = -14

a=1

Y = x2 12x +36 = -14 + 36

b = -12

Y = ( x b/2)2 = 22

c = 14

Y = ( x 12/2)2 = 22
Y = (x 6)2 = 22
Y = ( x 6 )2 =

22

Y = x 6 = +- 22
X = 6 +- 22

Therefore x = 6 22

and -6 22

BBMP1103

Question 3

a) Advantages of performing break even analysis


Break even analysis enables a business organization to

Measure profit and losses at different levels of production and sales

To predict the effect of changes price of sales

To analysis the relationship between fixed cost and variable cost

To predict the effect on profitability if changes in cost and efficiency.

b) I) Break Even Point : Total Revenue = Total Cost


Total revenue = unit price x total quantity sold
= 40q
Total Cost = Variable Cost + Fixed Cost
= 22q + 77,000
Therefore 40q = 22q + 77,000
40q 22q = 77,000
18q = 77,000
Q = 77,000 / 18
Q = 4278

Hence 4278 units have to be sold to reach the break even point.

BBMP1103

ii) Profit = Total Revenue Total Cost


Total Revenue = unit price x total quantity sold
= 40q
Total Cost = Variable Cost + Fixed Cost
= 22q + 77,000
Profit = Total Revenue - Total Cost
11,000 = 40q - (22q + 77,000)
11,000 = 40q 22q 77,000
11,000 + 77,000 = 18q
88,000 = 18q
Q = 88,000 / 18
Q = 4889 units
Therefore units to reach profit RM 11,000 is at 4889 units.

BBMP1103

Question 4

Option 1 :
FV = RM 100,000.00
I = 8%
N = 10
PV = FV (1 + i)-n
= 100,000 ( 1+ 0.08) -10
= 100,000 ( 1.08) -10
= 100,000
(1.08)10
= 100,000
2.158925
= 46, 319.35

Option 2
Payment for 1st year
PV = 10,000
I = 8%
N=9
FV = PV (1 +i) n
= 10,000 (1.08)9
= 10,000 (1.999)
= RM 19,999.00

BBMP1103

Payment for 5th year


PV = 30,000
I = 8%
N=5
FV = PV ( 1 + i)n
= 30,000 (1.08)5
= 30,000 ( 1.469328)
= RM 44,079.84

Total for option 2 = RM 19,999.00 + RM 44,079.84 + RM 40,000


= RM 104, 078.84
Therefore choose option 2 since amount more than RM 100,000.00.

BBMP1103

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