9780130847300

Business Mathematics: A Collegiate Approach

by ;
  • ISBN13:

    9780130847300

  • ISBN10:

    0130847305

  • Edition: 8th
  • Format: Hardcover w/CD
  • Copyright: 2001-01-01
  • Publisher: Pearson College Div
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Summary

This algebra-based introduction to business math book 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 learners 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. For individuals preparing for a career in business.

Table of Contents

Preface iii
How to Study Business Math viii
PART I BASICS 1(56)
Review of Operations
1(16)
Arithmetic Techniques
2(9)
Using a Calculator
11(6)
Using Equations
17(20)
Basic Equations
18(6)
Written Problems
24(7)
Ratio and Proportion
31(6)
Review of Percent
37(20)
Basic Percent
38(6)
Percent Equation Forms
44(5)
Word Problems Using Percents
49(8)
PART II ACCOUNTING MATHEMATICS 57(262)
Basic Statistics and Graphs
57(36)
Averages
58(8)
Averages (Grouped Data)
66(4)
Standard Deviation
70(6)
Index Numbers
76(4)
Graphs
80(13)
Taxes
93(14)
Sales Tax
94(6)
Property Tax
100(7)
Insurance
107(46)
Business Insurance
108(14)
Motor Vehicle Insurance
122(10)
Life Insurance
132(21)
Checkbook and Cash Records
153(20)
Checkbook Records
154(13)
Cash Records
167(6)
Wages and Payrolls
173(56)
Computing Wages---Salary
174(1)
Computing Wages---Commission
175(11)
Computing Wages---Hourly Rate Basis
186(4)
Computing Wages---Production Basis
190(13)
Net Weekly Payrolls
203(11)
Quarterly Earnings Report and Returns
214(15)
Depreciation and Overhead
229(30)
Depreciation
230(18)
Partial-Year Depreciation
248(3)
Overhead
251(8)
Financial Statements and Ratios
259(40)
Income Statement
260(5)
Balance Sheet
265(23)
Inventory Turnover
288(3)
Inventory Valuation
291(8)
Distribution of Profit and Loss
299(20)
Distribution of Profits in a Corporation
303(6)
Distribution of Profits in a Partnership
309(10)
PART III RETAIL MATHEMATICS 319(64)
Commercial Discounts
319(20)
Trade Discounts
320(10)
Cash Discounts
330(9)
Markup
339(22)
Markup Based on Cost
341(9)
Markup Based on Selling Price
350(5)
Marking Perishables
355(6)
Markdown
361(22)
Actual Selling Price
362(9)
Markdown versus Loss
371(12)
PART IV MATHEMATICS OF FINANCE 383(208)
Simple Interest
383(26)
Basic Simple Interest
384(4)
Ordinary Time and Exact Time
388(3)
Ordinary Interest and Exact Interest
391(4)
Simple Interest Notes
395(6)
Present Value
401(8)
Bank Discount
409(26)
Simple Discount Notes
410(10)
Maturity Value (and Rediscounting Notes)
420(6)
Discounting Notes to Take Advantage of Cash Discount
426(3)
Summary of Simple Interest and Simple Discount
429(6)
Multiple Payment Plans
435(30)
United States Rule
436(3)
Installment Plans: Open End
439(7)
Installment Plans: Set Payments
446(12)
Installment Plan Prepayments
458(7)
Compound Interest
465(28)
Compound Interest (by Computation)
466(5)
Compound Amount (Using Tables)
471(7)
Interest Compounded Daily
478(7)
Present Value (at Compound Interest)
485(8)
Annuities
493(12)
Amount of an Annuity
495(2)
Present Value of an Annuity
497(8)
Sinking Funds and Amortization
505(86)
Sinking Funds and Bonds
506(10)
Amortization
516(11)
Review
527(6)
APPENDICES
A Arithmetic
533(44)
1 Reading Numbers
534(1)
2 Whole Numbers
535(13)
3 Common Fractions
548(14)
4 Decimal Fractions
562(15)
B Metric and Currency Conversions
577(14)
1 Metric Conversion
578(8)
2 Foreign Currency Conversion
586(5)
Answers to Odd-Numbered Problems 591(50)
Index 641

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