...Algorithm/Pseudocode Print all options available to user Call the main function Ask which option user wants to choose If statement to ensure a capital or lower case “A’ will work Insert a try statement in order to catch exceptions Insert a while loop in order to keep program going until user is finished. Call the write_int_rates function Call the customerNumber function Call the CalculateBonusInterest function Ask if user wants to continue Insert an except statement to print out any errors. If statement to ensure a capital or lower case “S” will work User is choosing the ‘search’ option Insert a try statement to catch exceptions Insert a while loop to keep program going until user enters “N” Set Boolean flag (found = False) Search = user inputs CID Open the Customer.txt file to read it Read the first line (CID) Insert a while loop to stop reading at the end of that customer’s details. Read the rest of the file for that customer Strip the newline characters If CID == search: Print all results of search Read the next CID Close the file Check if user wants to keep going Insert except statement If statement to ensure a capital or lower...
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...with Questions 1 through 14. |A. Compound Interest |E. IRR |I. PMT |M. ROI | |B. CUMPRINC |F. NPER |J. PPMT |N. Simple Interest | |C. FV |G. NPV |K. PV |O. SLN | |D. IPMT |H. Payback Period |L. RATE |P. Type | 1. Function to calculate the interest percentage per period of a financial transaction 2. Function to calculate the value at the beginning of a financial transaction 3. Function to calculate value of the end of a financial transaction 4. Function to calculate periodic payments in or out of a financial transaction 5. Function to calculate the number of compounding periods in a financial transaction 6. Use a “1” for this argument to indicate that interest will be paid at the beginning of each compounding period 7. This type of interest is calculated based on original principal regardless of the previous interest earned 8. This type of interest is calculated based on principal and previous interest earned 9. Function to calculate straight line depreciation based on the initial capital investment, number of years to be depreciated, and salvage value 10. Function to calculate the amount of a specific periodic...
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...The Function of Commercial Bank (A Class Bank) Commercial banks are responsible for adding customer deposits in a safe and liquid form and lending the proceeds to worthy commercial, industrial, governmental and nonprofit institutions. Commercial banks also provide market making activities in municipal, government and corporate bonds. Banks provide consulting and advisory services to customers as well as safekeeping and trust services. The function of commercial bank is categorized by primary and secondary function. The main functions of commercial banks are accepting deposits from the public and advancing them loans. Besides these functions there are many other functions which these banks perform. All these functions can be divided under the following heads: 1. Accepting deposits 2. Giving loans 3. Overdraft 4. Discounting of Bills of Exchange 5. Investment of Funds 6. Agency Functions 7. Miscellaneous Functions 1. Accepting Deposits: The most important function of commercial banks is to accept deposits from the public. Various sections of society, according to their needs and economic condition, deposit their savings with the banks. For example, fixed and low income group people deposit their savings in small amounts from the points of view of security, income and saving promotion. On the other hand, traders and businessmen deposit their savings in the banks for the convenience of payment. Therefore, keeping the needs and interests of various sections of society...
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...Financial Analysis using Excel Function Information requirements for function Dates Prices and par values Frequency, and related Yields and interest/ discount rates Discount Any amount paid at maturity ? Frequency of payme nts pa First coupon Redemption amount Investment amount # of periods Settlement Par/coupon Maturity COUPDAYBS COUPDAYS COUPDAYSNC COUPNCD COUPPCD COUPNUM DURATION MDURATION PRICE PRICEDISC PRICEMAT RECEIVED YIELD YIELDDISC YIELDMAT ACCRINT ACCRINTM INTRATE DISC Excel for Professionals 2002 VJ Books. All rights reside with the author. Interest Basis Issue Yield Price Financial Analysis using Excel Financial Analysis using Excel Financial Analysis using Excel Volume 6 in the series Excel for Professionals Excel for Professionals Volume 1: Excel For Beginners Volume 2: Charting in Excel Volume 3: Excel-- Beyond The Basics Volume 4: Managing & Tabulating Data in Excel Volume 5: Statistical Analysis with Excel Volume 6: Financial Analysis using Excel Published by VJ Books Inc All rights reserved. No part of this book may be used or reproduced in any form or by any means, or stored in a database or retrieval system, without prior written permission of the publisher except in the case of brief quotations embodied in reviews, articles, and research papers. Making copies of any part of this book for any purpose other than personal use is a violation of United States and international copyright...
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...discharge of debts and as a standard of deferred payment. Due to the obligation of people to accept money in the discharge of debts, money is often referred to as legal tender. The demand for money can be defined as the desire by the public to hold cash other than investing it in interest earning assets. it can also de defined as the desire by the individuals and businesses to hold their incomes partly in cash and partly in form of assets. The question of why do people demand for money has been a great topic of discussion among the economists from the days of the classical economists to the monetarists but like many other economic phenomena, no common consensus has ever been reached. Unlike the goods and services, money has no intrinsic value that is to say does not provide direct utility. Instead, the existence of money helps in improving the transactions where we obtain goods that satisfy human wants. Money is therefore useful because it provides an improved alternative in transactions technology over barter trade. The demand for money arises from the two important functions of money that is money acts as a medium of exchange and secondly it acts as a store of value. Premised on the above functions people demand for money in an economy but this also results into the question of what determines the demand for money in an economy. There are...
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...Career Planning CORE BUSINESS INTERESTS The purpose of this exercise is to quickly indicate the activities that interest you—and then relate your interests to broad career areas that you might explore. 1. Read quickly through the activities in the left column and circle those that you enjoy. Activity Engineering Computer programming Production and systems planning Product and process design Process analysis Production planning Systems analysis Mechanical crafting/manufacturing Research Market-research analysis Forecasting Computer-model building Production scheduling Cash-flow and investment analysis Accounting Economic-theory developing Business-model developing Competition analysis Designing "big-picture" strategy Process design Teaching business theory New-product design Marketing and advertising New-idea generation Developing innovative approaches and solutions Event planning Conducting public relations Entertaining Writing Illustrating Business Function Application of Technology Category Application of Expertise Quantitative Analysis Theory Development and Conceptual Thinking Creative Production Activity Coaching Training Teaching Helping Drawing people out Supporting Providing feedback and advice Managing others to accomplish the goals of the business Directing Supervising Leading and inspiring others Selling Negotiating Motivating Controlling...
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...1 Mathematics for Management Concept Summary Algebra Solving Linear Equations in One Variable Manipulate the equation using Rule 1 so that all the terms involving the variable (call it x) are on one side of the equation and all constants are on the other side. Then use Rule 2 to solve for x. Rule 1: Adding the same quantity to both sides of an equation does not change the set of solutions to that equation. Rule 2: Multiplying or dividing both sides of an equation by the same nonzero number does not change the set of solutions to that equation. Straight Lines: Slope Intercept Form A straight line with slope m and y-intercept (b, 0) has the equation y = mx + b. Point Slope Form of a Line Equation − Given two points on a line, (x0, y0) and (x1, y1), find the line's slope m = 1 −0 . 1 0 Then the equation of the line may be written as y – y0 = m(x – x0). Solving Two Linear Equations Two linear equations in two variables (call them x and y) have no solution, an infinite number of solutions, or a unique solution. You may solve two linear equations by either substitution or elimination. Substitution: Use one equation to solve for one variable in terms of the other (say, x in terms of y). Then substitute this relationship for each occurrence of x in the remaining equation. Now solve the remaining equation for y. Given that you know x in terms of y, you also know x. Elimination: Add a multiple of one equation to the other equation to...
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...The returns to scale in the production function Y = K0.5L0.5 are: constant If a production function has two inputs and exhibits constant returns to scale, then doubling both inputs will cause the output to: double If the supplies of capital and labor are fixed and technology is unchanging, then real output is: fixed If a production function has the property of diminishing marginal product, then doubling: one of the inputs will reduce its marginal product. Consider the following production table: Assuming that the production function displays constant returns to scale, what is the marginal product of labor when labor and capital are both equal to 1,000? 5 Consider the following production table: By how much does the marginal product of labor decrease as labor input increases from 1 to 2 and from 2 to 3? 1 Euler's theorem implies that if a production function exhibits constant returns to scale, then: economic profit is zero. If a firm with a constant returns to scale production function pays all factors their marginal products, then: economic profit is zero and accounting profit is positive. A competitive firm hires labor until the marginal product of labor equals the: real wage. A competitive firm rents capital until the marginal product of capital equals the: real rental price of capital. Suppose that a major natural disaster destroys a large part of a country's capital stock but miraculously does not cause anybody bodily harm. What will happen...
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... |7.30 |4.64 | | |Salary |63681.80 |57749.64 | | |Living |.30 |.48 | | |Savings |37855.80 |42409.82 | | |Cash |743600.00 |1563365.19 | | |Networth |10227583.90 |14289699.78 | | |ACT |1.20 |.42 | | |N-EMT |54.00 |8.49 | | |EMT |16113.59 |10515.55 | | |Interest(%) |18.97 |.03 | | |Guar. |.60 |.52 | |2 |Loan |1072000.00 |1136403.20 | | |Dependents |1.70 |1.57 | | |Y-P-J |7.40 |4.62 | | |Salary |115849.00 |205245.98 | | |Living |.30 |.48 | | |Savings |140620.00 |241851.79...
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...reason is that according to the consumption function, higher income causes higher consumption. For example, an increase in government purchases of ∆G raises expenditure and, therefore, income by ∆G. This increase in income causes consumption to rise by MPC × ∆G, where MPC is the marginal propensity to consume. This increase in consumption raises expenditure and income even further. This feedback from consumption to income continues indefinitely. Therefore, in the Keynesian-cross model, increasing government spending by one dollar causes an increase in income that is greater than one dollar: it increases by ∆G/(1 – MPC). 2. The theory of liquidity preference explains how the supply and demand for real money balances determine the interest rate. A simple version of this theory assumes that there is a fixed supply of money, which the Fed chooses. The price level P is also fixed in this model, so that the supply of real balances is fixed. The demand for real money balances depends on the interest rate, which is the opportunity cost of holding money. At a high interest rate, people hold less money because the opportunity cost is high. By holding money, they forgo the interest on interest-bearing deposits. In contrast, at a low interest rate, people hold more money because the opportunity cost is low. Figure 10–1 graphs the supply and demand for real money balances. Based on this theory of liquidity preference, the interest rate adjusts to equilibrate the supply and demand...
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...1 Mathematics for Management Concept Summary Algebra Solving Linear Equations in One Variable Manipulate the equation using Rule 1 so that all the terms involving the variable (call it x) are on one side of the equation and all constants are on the other side. Then use Rule 2 to solve for x. Rule 1: Adding the same quantity to both sides of an equation does not change the set of solutions to that equation. Rule 2: Multiplying or dividing both sides of an equation by the same nonzero number does not change the set of solutions to that equation. Straight Lines: Slope Intercept Form A straight line with slope m and y-intercept (b, 0) has the equation y = mx + b. Point Slope Form of a Line Equation Given two points on a line, (x0, y0) and (x1, y1), find the line's slope m =1−01−0. Then the equation of the line may be written as y – y0 = m(x – x0). Solving Two Linear Equations Two linear equations in two variables (call them x and y) have no solution, an infinite number of solutions, or a unique solution. You may solve two linear equations by either substitution or elimination. Substitution: Use one equation to solve for one variable in terms of the other (say, x in terms of y). Then substitute this relationship for each occurrence of x in the remaining equation. Now solve the remaining equation for y. Given that you know x in terms of y, you also know x. Elimination: Add a multiple of one equation to the other equation to eliminate a variable (say, x) from the other...
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...1 Mathematics for Management Concept Summary Algebra Solving Linear Equations in One Variable Manipulate the equation using Rule 1 so that all the terms involving the variable (call it x) are on one side of the equation and all constants are on the other side. Then use Rule 2 to solve for x. Rule 1: Adding the same quantity to both sides of an equation does not change the set of solutions to that equation. Rule 2: Multiplying or dividing both sides of an equation by the same nonzero number does not change the set of solutions to that equation. Straight Lines: Slope Intercept Form A straight line with slope m and y-intercept (b, 0) has the equation y = mx + b. Point Slope Form of a Line Equation − Given two points on a line, (x0, y0) and (x1, y1), find the line's slope m = 1 −0 . 1 0 Then the equation of the line may be written as y – y0 = m(x – x0). Solving Two Linear Equations Two linear equations in two variables (call them x and y) have no solution, an infinite number of solutions, or a unique solution. You may solve two linear equations by either substitution or elimination. Substitution: Use one equation to solve for one variable in terms of the other (say, x in terms of y). Then substitute this relationship for each occurrence of x in the remaining equation. Now solve the remaining equation for y. Given that you know x in terms of y, you also know y. Elimination: Add a multiple of one equation to eliminate a variable (say...
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...Habib Bank. Functions of Commercial Banks: The functions of a commercial banks are divided into two categories: - Primary functions - Secondary functions including agency functions. - Primary functions: The primary functions of a commercial bank include: - accepting deposits; and - granting loans and advances The role of commercial banks Commercial banks engage in the following activities: * processing of payments by way of telegraphic transfer, EFTPOS, internet banking, or other means * issuing bank drafts and bank cheques * accepting money on term deposit * lending money by overdraft, installment loan, or other means * providing documentary and standby letter of credit, guarantees, performance bonds, securities underwriting commitments and other forms of off balance sheet exposures * safekeeping of documents and other items in safe deposit boxes * sale, distribution or brokerage, with or without advice, of insurance, unit trusts and similar financial products as a “financial supermarket” * cash management and treasury services * merchant banking and private equity financing * traditionally, large commercial banks also underwrite bonds, and make markets in currency, interest rates, and credit-related securities, but today large commercial banks usually have an investment bank arm that is involved in the mentioned activities. Credit creation of commercial bank: One of the important functions of commercial bank...
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... it is apparent common conventional wisdom that interest groups buy politicians. The ultimate goal of interest groups, is to influence the politicians in power in some way. But is there much truth in how these interest groups “buy” politicians and just how big an impact they make on their decisions? To answer this question, one must understand the services these interest groups provide and how these interest groups enter Washington influence, what exactly do politicians gain from interest groups, and their impact on the media. Understanding these, is crucial to answering the question of whether interest groups buy politicians, or if their impact is insignificant. First, it is important to understand what exactly an interest group does. According to James Morone and Rogan Kersh, an interest group is defined as: An Organization whose goal is to influence government. The very existence of interest groups is to influence government in their favor. There are many types of interest groups that patrol through Washington, but their primary functions are relatively consistent. They regularly inform members on political developments, they communicate their member views to congress, and they mobilize the public...
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...primarily from individuals and concentrate also on private real- estate mortgages. Mutual savings bank or owned by depositors as well. These state charted banks are sometimes granted greater powers with regard to assets and liabilities than S&Ls but usually not as much as those of commercial banks. Credit Unions; are also owned by depositors, but there are a couple of key differences. First, users of credit unions must be members. Membership is usually based on some type of association, such as a common employer, a certain line of work, a geographical region, or even a social or religious affiliation. Second , credit unions are not-for-profit financial institutions that exists to benefit the members. 3. List and describe bank functions. The primary functions of...
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