Financial Mathematics: Derive the Formula that covers your Fees + Transaction Cost [UK Only, No VAT]
In this video I show you step by step how to derive the formula that you can use to calculate what you need to charge so that your transaction cost is covered. This video is for small business owners (based in the UK) that have just started and do not have an obligation to pay VAT.
*Disclaimer: This is not financial / investment advice and VAT laws and obligations may change. Visit HMRC's website to ensure you are complying with your tax obligations https://www.gov.uk/government/organisations/hm-revenue-customs. Also, it is recommended you have at least a good A-Level mathematics qualification to understand the content presented, although that may not be necessary. For tax advice, speak to a qualified accountant.
Image credits: Free-Photos, Elchinator, StanislavKondrashov, Firmbee and vikassinghchhonker [Pixabay]
What you *need* in order to follow this video series:
1. Algebraic skills {http://mathsvideos.net/useful-algebraic-formulas/}
You need to know that: √(ab) = √a√b
2. Trigonometry skills:
- Unit circle {https://scontent-lhr3-1.xx.fbcdn.net/v/t31.0-8/14324643_627264727441617_168387912534466908_o.jpg?oh=ea3f9cec2389ced6eaa76830057e7d85&oe=58FE04F9}
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https://www.youtube.com/watch?v=m0y9Rwn5h5c
In this video I demonstrate how the multiplication rule for probabilities can be derived from first principles. This video is to be used in conjunction with A-Level Statistics textbooks.
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https://www.youtube.com/watch?v=Xi2ZfpwmYVg
How to Find the Turning Point of a Curve y=x^2+bx+c by Completing The Square
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Thanks for watching this video and make sure you have subscribed if you want to see more videos like this!
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https://www.youtube.com/watch?v=NdELEJLcFr8
In this video I demonstrate to you how to solve a typical C2 mathematics problem. I show you how to find the value of 'x' and also the area of an irregular triangle when you are given two lengths and one angle. I do this using the Sine Rule and also the formula to find areas of irregular triangles.
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Thank you very much indeed for watching!
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https://www.youtube.com/watch?v=lPuzUGegwn4