After reading this essay you will learn about:- 1. Introduction to Break Even Analysis 2. Assumptions Underlying Break Even Analysis 3. Applications 4. Non-Linear Break-Even Analysis 5. Limitations. Essay # 1. Introduction to Break Even Analysis: This is also known as cost analysis. Break even analysis is concerned with finding the point at which revenues and costs are exactly equal. [...]
After reading this essay you will learn about interest, annuities and profit. Interest: The term "Interest" means periodic payment for the use of "Capital". It can be seen both from the borrowers' as well as lender's point of view. The borrower receives money which forms the capital for production of goods and services. Thus he earns profit by the borrowed [...]
In 4th-5th century Mesopotamia, Egypt, Greece, Rome were having their own banking activities which were becoming more specialized private and public bodies. Temples also started undertaking more financial activities governed by specific rules and regulations. In INDIAN history Manu Samriti provides rules for trading, commerce and money. The Arthshastra by Kautylaya also prescribed extensively the norms of trading, commerce, lending [...]