HP 12C Solutions Handbook

154
Profit and Loss Analysis
• Net income = (1 - tax)(net sales price - manufacturing expense - operating
expense)
• Net sales price = list price(1 - discount rate)
• where operating expense represents a percentage of net sales price.
Securities
Discounted Notes
Price (given discount rate)
• B = number of days in year (annual basis).
• DR = discount rate (as a decimal).
• DSM = number of days from settlement date to maturity date.
• P = dollar price per $100 per value.
• RV = redemption value per $100 par value.
•
Yield (given price)
• B = number of days in year (annual basis).
• DSM = number of days from settlement date to maturity date.
• P = dollar price per $100 par value.
• RV = redemption value per $100 par value.
• Y = annual yield of investment with security held to maturity (as a decimal).
•
Forecasting
PRV[]DR RV
DSM
B
--------------
××–=
Y
RV P–
P
------------------
B
DSM
--------------
×=

HP 12C Specifications

General

Type	Financial Calculator
Display	LCD, 10 digits
Manufacturer	Hewlett-Packard
Programming	Keystroke
Memory	20 memory registers
Functions	statistical functions
Dimensions	12.7 x 7.87 x 1.52 cm (5 x 3.1 x 0.6 in)