Basic concepts

Specifically

Business Applications (not an exhaustive list)

NUMBER CALCULATIONS

Synonyms of all operators
(+, , * & /);
Sums, products, deductions, divisions;
Multiplication as repeated addition;
LCMs and HCFs

Understanding what is being asked of you; Analysis of Statements of Financial Performance and Financial Position;
Statistics

BODMAS AND NUMBER ORDER

Order of operation in an expression;
The Real Number line;
using your calculator

Analysis of Statements of Financial Performance and Financial Position; Investment means and σ; Statistics.

STRAIGHT LINE GRAPHS

Intercepts (vertical and horizontal),
slope, equation of a straight line

Breakevens; Product Demand and Supply; Product Market equilibria

FRACTIONS & DECIMALS

Equivalent fractions, expressing fraction as a decimal, powers of 10; powers with base otherthanten; calculator use

Proportions, growth, comparisons;
dealing with large and small numbers;
Market analysis

PERCENTS

Proportions,
growth,
comparisons

Proportions, growth, comparisons; bonds, shares, risk; exchange rate gains and losses; Market analysis

ALGEBRA

Finding one unknown by substitution, balancing equations and/or the CTM methods; grouping unknowns.

Breakevens and target production;
testing statistical hypotheses; CAPM, Betas; determining market equilibria

FINANCIAL CALCULATIONS

Simple interest, compound interest, discount factors, discounted cash flows; criteria for choice.

Investment decisions, choices.
NPV and payback period.

GRAPHS

Producing graphs from data, interpretation and critical analysis.

Marketing an idea; Attracting investors;
Avoiding being misled by others.
