Monroe Ultimate - Page 140

Monroe Ultimate provides the ability to perform
automatic crossfooting. Its matrix size is 99
columns by 99 rows. Each cell within this matrix
is individually addressable.
Percent Distribution
The Ultimate provides the ability to perform
automatic percent distribution when the
crossfooting function is engaged. Percent
distribution means that each entry made to
comprise the total of a column of figures is
divided by the total and expressed as a
percentage of that total.
Proration
The Ultimate provides the ability to perform
automatic proration when the crossfooting
function is engaged. An amount can be prorated
based upon its respective percentage of a total
amount. In the above description of percent
distribution, an amount would be divided based
upon its percentage of the total.
Basic Financial Functionality
Financial functionality is ordinarily not found
on desktop printing calculators. The Ultimate
provides the ability to solve for Present Value,
Future Value, Amount Financed, Term, Payment
Amount and Interest Rate.
Real Time Clock
While some calculators provide for the display
of time, very few provide the ability to calculate
hours and minutes. The new Utimate provides
the ability to enter a decimal figure and convert
that figure to hours and minutes, or the reverse
can be performed, i.e. convert hours and
minutes to decimal equivalent. It also enables
the calculation of hours and minutes worked,
and can also calculate days between dates, a
future or past date.
Amortization
The new Ultimate provides the ability to
compute and print an Amortization schedule
(entire schedule, selected month or range of
months). The schedule includes the payment
number, regular payment amount, amount of the
payment applied to interest, principal, remaining
principal balance and the amount of interest
paid from the inception of the loan.
Cost/Sell/Margin
The Ultimate features one touch keys to
compute Cost/Sell/Margin. Enter two variables
and solve for the third.
ref # Key
The ref # key is used to place an identifying
number or date on the tape to help identify a
listing or calculation. Typical uses would be to
enter the invoice number and date prior to
checking the listing or invoice. In times past, the
operator would typically write identifying num-
bers such as date or invoice number on the tape
to link the tape to the source document.
Backspace key
The backspace key is designed to remove digits
erroneously entered one digit at a time. For all
Monroe calculators the back space key will per-
form this function on live entries (entries not
completed with a depression of a function key).
Since many results are used for further calcula-
tions, preventing the back space key from
r
emoving a digit saves an operator fr
om r
eentry
of such figur
es if the backspace key wer
e inad
-
vertently pr
essed.
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Monro-Manual-1-50 1/26/10 6:08 PM Page 140