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Summary
This book reflects more than 25 years of author involvement with business math education and the business community. The focus of this edition is on linking mathematics with real business practices in real businesses--giving readers a better appreciation for and understanding of the concepts that are vital in the business world.The book is filled with chapter-opening scenarios, chapter-ending case studies, cases, boxed features, and exercise sets. It is organized in workbook format and opens with chapters on basic math. Coverage includes banking, business statistics, trade and cash discounts, markups and markdowns, payroll, consumer credit, mortgages, insurance, taxes, and stocks and bonds.For entrepreneurs and anyone interested in personal finance.
Table of Contents
1. Whole Numbers. Place Value and Our Number System. Read whole numbers. Write whole numbers. Round whole numbers. Operations with Whole Numbers-Five-Step Problem-Solving Strategy introduced with addition and continued throughout text. Add whole numbers. Subtract whole numbers. Multiply whole numbers. Divide whole numbers. 2. Fractions. Fractions. Identify types of fractions. Convert an improper fraction to a whole or mixed number. Convert a whole or mixed number to an improper fraction. Reduce a fraction to lowest terms. Raise a fraction to higher terms. Adding and Subtracting Fractions. Add fractions with like (common) denominators. Find the least common denominator for two or more fractions. Add fractions and mixed numbers. Subtract fractions and mixed numbers. Multiplying and Dividing Fractions. Multiply fractions and mixed numbers. Divide fractions and mixed numbers. 3. Decimals. Decimals and the Place-Value System. Read and write decimals. Round decimals. Operations with Decimals. Add and subtract decimals. Multiply decimals. Divide decimals. Decimal and Fraction Conversions. Convert a decimal to a fraction. Convert a fraction to a decimal. 4. Banking. Checking Account Forms. Make account transactions. Record account transactions. Bank Statements. Reconcile a bank statement with an account register. 5. Equations. Equations. Solve equations using multiplication or division. Solve equations using addition or subtraction. Solve equations using more than one operation. Solve equations containing multiple unknown terms. Solve equations containing parentheses. Solve equations that are proportions. Using Equations to Solve Problems. Use the problem-solving approach to analyze and solve word problems. 6. Percents. Percent Equivalents. Write a whole number, fraction, or decimal as a percent. Write a percent as a whole number, fraction, or decimal. Solving Percentage Problems. Identify the rate, base, and portion in percent problems. Use the percentage formula to find the unknown value when two values are known. Increases and Decreases. Find the amount of increase or decrease in percent problems. Find the new amount directly in percent problems. Find the rate or the base in increase or decrease problems. 7. Business Statistics. Measures of Central Tendency. <