Casio FXCP400 uYLD, Break-EvenPoint, Margin of Safety, Combined Leverage, Financial Leverage, Operating Leverage, Quantity Conversion

uPRC when “Date” is specified for “Bond Interval”

For one or fewer coupon period to redemption:
PRC = −		RDV + CPN/M		+ A/D ⋅ CPN/M
	1 + (B/D ⋅ (YLD/100) /M)
For more than one coupon period to redemption:
		RDV		N		CPN/M
PRC = −				– Σ					+ A/D ⋅ CPN/M
					((1 + (YLD/100) /M)(k–1+B/D) )
		(1 + (YLD/100)/M)(N–1+B/D)		k=1
INT = −A/D ⋅ CPN/M			CST = PRC ⋅ INT
uPRC when “Term” is specified for “Bond Interval”
		RDV	n			CPN/M
PRC = −			– kΣ=1 (				)	INT = 0		CST = PRC
	(1 + (YLD/100)/M)n			(1 + (YLD/100)/M)k

uYLD

The Financial application performs annual yield (YLD) calculations using Newton’s Method, which produces approximate values whose precision can be affected by various calculation conditions. Because of this, annual yield calculation results produced by this application should be used keeping the above in mind, or results should be confirmed separately.

Break-Even PointuProfit (Profit Amount/Ratio Setting: Amount (PRF))

QBE =	FC + PRF	SBE =	FC + PRF	⋅ PRC
PRC – VCU		PRC – VCU

uProfit Ratio (Profit Amount/Ratio Setting: Ratio (r%))

QBE =	FC		SBE =	FC		⋅ PRC
	r%			r%
PRC ⋅ 1–		– VCU	PRC ⋅ 1–		– VCU
	100			100

Margin of Safety		Financial Leverage
MOS =	SAL – SBE	DFL =	EBIT
	SAL		EBIT – ITR

Operating Leverage		Combined Leverage
DOL =	SAL – VC	DCL =	SAL – VC
	SAL – VC – FC		SAL – VC – FC – ITR
Quantity Conversion
SAL = PRC ⋅ QTY VC = VCU ⋅ QTY

Chapter 11: Financial Application 186