For Business Math or Mathematics for Business (Algebra-based) courses
Widely hailed for its focus on students' needs, this classic algebra-based introduction to business math text takes
care to present each topic in a clear and logical manner--with detailed explanations of all steps and concise discussions
describing the business applications of each topic. This dual approach sharpens the mathematical skills of students
preparing to enter business employment while also providing an introduction to accounting, finance, insurance,
statistics, taxation, and other math-related subjects. Consumer math applications, such as bank reconciliation,
discounting, markups and markdowns, installment purchases, and simple and compound interest are also covered in
depth.
Features
NEW - Chapter Opening Case with Questions .
Provides context for the chapter. Questions posed at the end of the case are answered within the chapter along
with step-by-step calculator solutions
NEW - Many new examples and exercises - plus all of the existing problems have been checked for currency and
accuracy.
Material is up-to-date and accurate reflecting current practice and real numbers
NEW - Student Resources CD containing quizzes for each chapter and Excel templates for each chapter packaged
free with text.
Provides students with Excel templates for selected problems in the text and quizzes to allow students to test
their mastery of key concepts
NEW - Financial calculator notation
Worked examples in the mathematics of finance chapters include financial notation for alternate solution approach
NEW - Financial Calculator Appendix
Provides students with guide to using the financial calculator to solve business problems
NEW - Reference Tables are now included in the text
For ease of reference, these tables are now included in-text in an Appendix
Spreadsheet problems Containing templates
Gives students and instructors the option of using the computer to create charts, set up depreciation schedules,
complete financial statements and analysis, and set up amortization schedules
Over 1,000 problems
Arranged in order of difficulty, with answers for the odd-numbered problems. Includes tabular problems designed
for quick mastery of techniques, followed by written "word" problems to ensure full understanding of
a topic
Illustrations of many business forms, notes, and statements
Familiarizes students with the various types and their contents
Comprehensive retail math problems
Offers students experience with real-world problems in situations they can easily recognize
Updated payroll chapter-Reflects changes in Social Security, Medicare, and federal income tax deductions.
Presents students with some of the latest information regarding business procedures, and with examples and
problems that incorporate tables, rates, and forms
Adjustments to interest rates, prices, and wages
Enables students to use data that reflects current trends in more "real-world" applications
Metrics and foreign exchange rate conversions -Included in Appendix B.
Prepares students to deal with international transactions in the global market
Table of Contents
I. BASICS.
1. Review of Operations.
Arithmetic Techniques. Using a Calculator.
2. Using Equations.
Basic Equations. Written Problems. Ratio and Proportion.
3. Review of Percent.
Basic Percent. Percent Equation Forms. Word Problems Using Percents.
II. ACCOUNTING MATHEMATICS.
4. Basic Statistics and Graphs.
Averages. Averages (Grouped Data). Standard Deviation. Index Numbers. Graphs.
5. Taxes.
Sales Tax. Property Tax.
6. Insurance.
Business Insurance. Motor Vehicle Insurance. Life Insurance.
7. Checkbook and Cash Records.
Checkbook Records. Cash Records.
8. Wages and Payrolls.
Computing Wages--Salary. Computing Wages--Commission. Computing Wages--Hourly Rate Basis. Computing Wages--Production
Basis. Net Weekly Payrolls. Quarterly Earnings Report and Returns.
Income Statement. Balance Sheet. Inventory Turnover. Inventory Valuation.
11. Distribution of Profit and Loss.
Distribution of Profits in a Corporation. Distribution of Profits in a Partnership.
III. RETAIL MATHEMATICS.
12. Commercial Discounts.
Trade Discounts. Cash Discounts.
13. Markup.
Markup Based on Cost. Markup Based on Selling Price. Marking Perishables.
14. Markdown.
Actual Selling Price. Markdown versus Loss.
IV. MATHEMATICS OF FINANCE.
15. Simple Interest.
Basic Simple Interest. Ordinary Time and Exact Time. Ordinary Interest and Exact Interest. Simple Interest Notes.
Present Value.
16. Bank Discount.
Simple Discount Notes. Maturity Values (and Rediscounting Notes). Discounting Notes to Take Advantage of Cash
Discount. Summary of Simple Interest and Simple Discount.
17. Multiple Payment Plans.
United States Rule. Installment Plans: Open End. Installment Plans: Set Payments. Installment Plan Prepayments.
