Business Mathematics: A Collegiate Approach

by Roueche, Nelda W.; Graves, Virginia H.

• ISBN13: 9780130847300
• ISBN10: 0130847305
• Edition: 8th
• Format: Hardcover w/CD
• Copyright: 2001-01-01
• Publisher: Pearson College Div

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