Forecasting Success in Entrepreneurship
Department goal # 1 for Quantitative Skills
Business Management students will use mathematics to solve typical, quantitative business problems and solve for unknowns using simple equations with one unknown.
Break Even Analysis Lesson Outcomes:
Students will be able to conceptualize and represent a critical ‘break-even’ business decision-making process mathematically.
Students will be able to mathematically manipulate the variables in the break-even formula and understand the relationship between the elements of price, variable expense, fixed expense and units sold..
Students will gain an increased understanding of the critical role of mathematics in business decision-making.
Income Statement Lesson Outcomes:
Students will be able to conceptualize and represent the business process mathematically by creating a pro forma income statement.
Students will be able to mathematically manipulate the variables in the income statement and understand the relationship between the elements.
Students will gain an increased understanding of the critical role of mathematics in business decision-making.