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Business Mathematics,9780201750690

Business Mathematics

by ; ;
Edition:
9th
ISBN13:

9780201750690

ISBN10:
0201750694
Format:
Paperback
Pub. Date:
1/1/2003
Publisher(s):
Addison Wesley
List Price: $118.00

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Summary

The ninth edition of Business Mathematics has been extensively revised to maximize student interest in each chapter of the text. More than ever, real-life examples from today's business world have been incorporated; new examples from actual companies and the people who run them are woven throughout the book to serve as applications of the concepts presented. The globalization of our society is emphasized through examples and exercises that highlight foreign countries and international topics. Providing solid, practical, and up-to-date coverage of business mathematics topics, this text begins with a brief review of basic mathematics and goes on to introduce key business topics, such as bank services, payroll, business discounts and markups, simple and compound interest, stocks and bonds, consumer loans, taxes and insurance, depreciation, financial statements, and business statistics.

Table of Contents

Preface vii
Introduction for Students xiv
Pretest in Business Mathematics xv
Index of Applications xix
Whole Numbers and Decimals
1(42)
Whole Numbers
1(14)
Application Problems
15(6)
Basics of Decimals
21(4)
Addition and Subtraction of Decimals
25(4)
Multiplication and Division of Decimals
29(14)
`Net Assets: Business on the Internet
36(1)
Chapter 1 Quick Review
37(1)
Chapter Terms
37(3)
Summary Exercise: The Toll of Wedding Bells
40(1)
Chapter 1 Test
41(2)
Fractions
43(38)
Basics of Fractions
44(7)
`Net Assets: Business on the Internet
48(3)
Addition and Subtraction of Fractions
51(8)
Addition and Subtraction of Mixed Numbers
59(4)
Multiplication and Division of Fractions
63(8)
Converting Decimals to Fractions and Fractions to Decimals
71(10)
Chapter 2 Quick Review
75(1)
Chapter Terms
75(2)
Summary Exercise: Using Fractions with Statisitcs
77(2)
Chapter 2 Test
79(2)
Percent
81(56)
Writing Decimals and Fractions as Percents
81(8)
Finding Part
89(10)
Finding Base
99(8)
Supplementary Exercises on Base and Part
105(2)
Finding Rate
107(10)
Supplementary Exercises on Base, Rate, and Part
113(4)
Increase and Decrease Problems
117(20)
`Net Assets: Business on the Internet
122(5)
Chapter 3 Quick Review
127(1)
Chapter Terms
127(2)
Summary Exercise: Investment Gains and Loses
129(2)
Chapter 3 Test
131(2)
Cumulative Review: Chapters 1--3
133(4)
Bank Services
137(30)
Checking Accounts and Check Registers
137(12)
'Net Assets: Business on the Internet
144(5)
Checking Services and Credit-Card Transactions
149(6)
Reconciliation
155(12)
Chapter 4 Quick Review
163(1)
Chapter Terms
163(1)
Summary Exercise: The Banking Activities of a Retailer
164(1)
Chapter 4 Test
165(2)
Payroll
167(48)
Gross Earnings: Wages and Salaries
167(14)
Gross Earnings: Piecework and Commissions
181(8)
Social Security, Medicare, and Other Taxes
189(6)
Income Tax Withholding
195(20)
`Net Assets: Business on the Internet
204(5)
Chapter 5 Quick Review
209(1)
Chapter Terms
209(3)
Summary Exercise: Payroll: Finding Your Take-Home Pay
212(1)
Chapter 5 Test
213(2)
Mathematics of Buying
215(38)
Invoices and Trade Discounts
215(12)
Single Discount Equivalents
227(4)
Cash Discounts: Ordinary Dating Method
231(8)
`Net Assets: Business on the Internet
236(3)
Cash Discounts: Other Dating Methods
239(14)
Chapter 6 Quick Review
247(1)
Chapter Terms
247(3)
Summary Exercise: The Retailer: Invoices, Trade Discounts, and Cash Discounts
250(1)
Chapter 6 Test
251(2)
Mathematics of Selling
253(50)
Markup on Cost
253(10)
Markup on Selling Price
263(14)
Supplementary Exercises on Markup
275(2)
Markdown
277(6)
Turnover and Valuation of Inventory
283(20)
Chapter 7 Quick Review
293(1)
Chapter Terms
293(4)
Summary Exercise: Markdown: Reducing Prices to Move Merchandise
297(1)
`Net Assets: Business on the Internet
298(1)
Chapter 7 Test
299(2)
Cumulative Review: Chapters 4--7
301(2)
Simple Interest
303(52)
Basics of Simple Interest
304(11)
Finding Principal, Rate, and Time
315(8)
Simple Discount Notes
323(10)
Discounting a Note Before Maturity
333(22)
`Net Assets: Business on the Internet
338(5)
Supplementary Exercises on Simple Interest Simple Discount
343(4)
Chapter 8 Quick Review
347(1)
Chapter Terms
347(5)
Summary Exercise: Banking in a Global World: How Do Large Banks Make Money?
352(1)
Chapter 8 Test
353(2)
Compound Interest
355(34)
Compound Interest
356(11)
Interest Bearing Bank Accounts and Inflation
367(12)
`Net Assets: Business on the Internet
378(1)
Present Value
379(10)
Chapter 9 Quick Review
385(1)
Chapter Terms
385(1)
Summary Exercise: Valuing a Chain of McDonald's Restaurants
386(1)
Chapter 9 Test
387(2)
Annuities, Stocks, and Bonds
389(56)
Annuities and Retirement Accounts
389(10)
Present Value of an Ordinary Annuity
399(8)
Sinking Funds (Finding Annuity Payments)
407(10)
Supplementary Exercises on Annuities and Sinking Funds
415(2)
Stocks
417(12)
`Net Assets: Business on the Internet
428(1)
Bonds
429(16)
Chapter 10 Quick Review
435(1)
Chapter Terms
435(3)
Summary Exercise: Planning for Retirement
438(1)
Chapter 10 Test
439(2)
Cumulative Review: Chapters 8--10
441(4)
Business and Consumer Loans
445(54)
Open-End Credit and Charge Cards
446(11)
Installment Loans
457(10)
Early Payoffs of Loans
467(8)
Personal Property Loans
475(8)
Real Estate Loans
483(16)
Chapter 11 Quick Review
489(1)
Chapter Terms
489(5)
Summary Exercise: Consolidating Loans
494(2)
`Net Assets: Business on the Internet
496(1)
Chapter 11 Test
497(2)
Taxes and Insurance
499(52)
Property Tax
500(7)
Personal Income Tax
507(14)
Fire Insurance
521(8)
Motor-Vehicle Insurance
529(8)
Life Insurance
537(14)
`Net Assets: Business on the Internet
542(3)
Chapter 12 Quick Review
545(1)
Chapter Terms
545(3)
Summary Exercise: Financial Planning for Taxes and Insurance
548(1)
Chapter 12 Test
549(2)
Depreciation
551(46)
Depreciation: Straight-Line Method
552(9)
Depreciation: Declining-Balance Method
561(6)
Depreciation: Sum-of-the-Years'-Digits Method
567(10)
Supplementary Application Exercises on Depreciation
573(4)
Depreciation: Units-of-Production Method
577(6)
`Net Assets: Business on the Internet
580(3)
Depreciation: Modified Accelerated Cost Recovery System
583(14)
Chapter 13 Quick Review
591(1)
Chapter Terms
591(2)
Summary Exercise: Comparing Depreciation Methods: A Business Application
593(2)
Chapter 13 Test
595(2)
Financial Statements and Ratios
597(34)
The Income Statement
597(6)
Analyzing the Income Statement
603(8)
The Balance Sheet
611(4)
Analyzing the Balance Sheet
615(16)
Chapter 14 Quick Review
623(1)
Chapter Terms
623(3)
Summary Exercise: Owning Your Own Business
626(2)
`Net Assets: Business on the Internet
628(1)
Chapter 14 Test
629(2)
Business Statistics
631
Frequency Distributions and Graphs
631(12)
Mean, Median, and Mode
643
Chapter 15 Quick Review
653(1)
Chapter Terms
653(2)
Summary Exercise: Watching the Growth of a Small Business
655(1)
`Net Assets: Business on the Internet
656(1)
Chapter 15 Test
657
APPENDIX A Equations and Formula Review 1(1)
A.1 Equations
1(6)
A.2 Business Applications of Equations
7(4)
A.3 Business Formulas
11(4)
A.4 Ratio and Proportion
15
APPENDIX B Basic Calculators 1(1)
APPENDIX C Financial Calculators 1(1)
Answers to Selected Exercises 1(1)
Glossary 1(1)
Index 1


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