apps.AppDB

***Featured in iTunes App Store Top 10 New and Noteworthy Business Apps in July 2010***

Business Toolkit has been designed to be as user friendly and simple to use, whilst giving the user information that can be used to help reduce costs / maximise profits for the business.

Business Toolkit comprises of 5 apps

1 - Breakeven and required margin analysis

This allows the user to work out the units required to sell to cover all costs, and the additional function to work out how many units are required to meet both costs and required margins.

2 - EOQ - Economic Order Quantity

The economic order quantity (EOQ) model can be used to identify the the optimal purchase quantity of an item to minimise the costs of both holding (i.e. warehouse costs) and ordering the material (i.e. delivery costs).

This model aims to identify the frequency of orders and quantity that will minimise these associated costs.

3- Optimum pricing

The Optimum price calculator is an economist's approach to optimal pricing based on demand. This uses the formula MR = MC.

The model establishes the optimal point for both Price and Demand to maximise Contribution.

4 - Markup / Discount calculator

This tool can be used to work up the price of products by either adding a markup helpful to price up your products, or to take off a discount, helpful when you are having a sale.

5 - VAT calculator

This tool is used to calculate VAT removed or added to a product.


Disclaimer:
Please note that this app should only be used for information purposes and should not be used solely for any business decisions.