Contemporary Business Mathematics for Colleges, Brief Course

by Deitz, James E.; Southam, James L.

• ISBN13: 9780538868839
• ISBN10: 053886883X
• Format: Paperback
• Copyright: 1998-08-12
• Publisher: South-Western College Pub

Summary

This briefer version of the best-selling CONTEMPORARY BUSINESS MATH FOR COLLEGES, 12E, presents an arithmetic-based, basic approach to business math. It emphasizes a practical, skill-building approach to prepare students for future careers in business through step-by-step development of concepts, numerous practice exercises throughout, and a focus on real-world application of techniques. The text advances from most basic to more complex business math topics.

Table of Contents

Part 1: Fundamental Review
Fundamental Processes
Adding	2	(3)
Number Combinations	2	(1)
Repeated Digits	3	(1)
Adding from Left to Right	3	(1)
Checking Addition	4	(1)
Horizontal Addition	4	(1)
Subtracting	5	(1)
Checking Subtraction	5	(1)
Horizontal Subtraction	5	(1)
Subtraction by Changing Numbers	5	(1)
Multiplying	6	(3)
Checking Multiplication	6	(1)
Multiplying Numbers Ending in Zero	7	(1)
Multiplying When the Multiplier Contains Zero Not on the End	7	(1)
Multiplying the Product of Two Factors	8	(1)
Multiplying by 25	8	(1)
Multiplying by 50	8	(1)
Division	9	(2)
Checking Division	10	(1)
Dividing by 10	10	(1)
Dividing by 100	10	(1)
Dividing When Divisor and Dividend End with Zeros	10	(1)
Estimating	11	(17)
Estimating When Multiplying	11	(1)
Estimating When Dividing	12	(16)
Word Problems and Equations
Mental Computations	28	(1)
Solving Word Problems	28	(2)
Solving Rate, Time, and Distance Problems	30	(2)
Solving Simple Numeric Equations	32	(1)
Numerical Relationships in a Series	33	(1)
Making Quick Calculations by Rounding Numbers	34	(10)
Weights and Measurements
Converting Weights and Measurements	44	(2)
Performing Mathematical Operations Using Standard U. S. Weights and Measurements	46	(3)
Adding Weights and Measurements	46	(1)
Subtracting Weights and Measurements	47	(1)
Multiplication of Weights and Measurements	47	(1)
Division of Weights and Measurements	48	(1)
Business Applications	49	(12)
Part 2 Decimals and Fractions
Decimals: Addition and Subtraction
Fractions versus Decimals	60	(1)
Decimals and Electronic Displays	60	(1)
Reading Decimal Numbers	61	(1)
Reading Large Decimal Numbers Orally	61	(1)
Adding Decimal Numbers	62	(1)
Subtracting Decimal Numbers	63	(1)
Rounding Decimal Numbers	64	(10)
Rounding Up	64	(10)
Decimals: Multiplication and Division
Multiplying Decimal Numbers	74	(1)
Dividing a Decimal by a Whole Number	75	(1)
Dividing a Decimal by Another Decimal Number	76	(1)
Multiplying and Dividing by 10, 100, 1,000, etc.	77	(1)
Approximating the Product and Quotient	78	(2)
Changing Fractions into Decimals	80	(10)
Fractions: Addition and Subtraction
Changing an Improper Fraction to a Mixed Number	90	(1)
Changing a Mixed Number to an Improper Fraction	91	(1)
Reducing Fractions to Lowest Terms	92	(1)
Raising Fractions to Higher Terms	92	(1)
Fractions on the New York Stock Exchange	93	(1)
Adding Fractions or Mixed Numbers	94	(2)
Subtracting Fractions or Mixed Numbers	96	(10)
Fractions: Multiplication and Division
Multiplying Fractions	106	(1)
Canceling Common Factors	106	(1)
Multiplying a Whole Number and a Fraction	107	(1)
Multiplying Mixed Numbers	108	(2)
Spoken Language and Multiplication of Fractions	109	(1)
Dividing with Fractions	110	(10)
Part 3 Accounting Applications
Banking
Using Deposit Slips and Bank Checks	120	(2)
Maintaining Checkbooks and Check Registers	122	(1)
Reconciling Bank Statements	123	(16)
Payroll Records
Preparing a Payroll Register	139	(1)
Computing Federal Income Tax Withholding Amounts	139	(6)
Computing Social Security, Medicare, and Other Withholdings	145	(1)
Completing an Employee's Earnings Record	146	(1)
Computing an Employer's Quarterly Federal Tax Return	147	(1)
Computing an Employer's Federal and State Unemployment Tax Liability	148	(12)
Federal Income Taxes
Computing Taxable Income Using Standard Form 1940	160	(4)
Computation of Taxable Income	164	(1)
Computing Taxes Due Using Standard Form 1040	164	(2)
Computing Taxes for Businesses	166	(10)
Sales and Property Taxes
Computing Sales Taxes	176	(1)
Sales Tax as a Percent of Price	176	(1)
Sales Tax as an Amount per Unit	177	(1)
Computing Assessed Valuations and Property Taxes	177	(1)
Computing Tax Rates in Percents and Mills	178	(1)
Percents	178	(1)
Mills	179	(1)
Computing Special Assessments, Prorations, and Exemptions	179	(11)
Part 4 Percentage
Percents in Business
Changing Fractions and Decimals to Percents	190	(1)
Changing Percents to Decimals	191	(1)
Finding Base, Rate, and Percentage	192	(2)
Using Percents in Business	193	(1)
Using Percents to Measure Increase and Decrease	194	(1)
Using Percents to Allocate Overhead Expenses	195	(15)
Commissions
Calculating Sales Commissions and Gross Pay	210	(1)
Calculating Graduated Sales Commissions	211	(1)
Calculating Sales and Purchases for Principals	212	(12)
Discounts
Calculating Single Trade Discounts	224	(1)
Calculating a Series of Trade Discounts	225	(1)
Complement Method Shortcut	226	(1)
Calculating the Equivalent Single Discount Rate	226	(1)
Calculating Cash Discounts for Fully Paid Invoices	227	(3)
Returned Merchandise and Freight Charges	229	(1)
Calculating Cash Discounts for Partially Paid Invoices	230	(1)
Markup
Computing Markup Variables	230	(11)
Computing Markup Based on Cost	241	(1)
Computing Selling Price Directly from Cost	241	(1)
Computing Cost from Selling Price	242	(1)
Computing Markup Percent Based on Cost	242	(1)
Computing Markup Based on Selling Price	243	(2)
Computing Cost Directly	244	(1)
Computing Selling Price from Cost	244	(1)
Computing Markup Percent Based on Selling Price	245	(11)
Part 5 Credit and Interest
Simple Interest
Computing Simple Interest	256	(1)
Computing Ordinary Interest	257	(1)
Computing Exact Interest	258	(1)
Comparing Ordinary Interest and Exact Interest	258	(1)
Use of Calculators	259	(1)
Estimating Simple Interest	259	(13)
Combinations of Time and Interest That Yield 1%	259	(1)
Other Rates and Times	260	(1)
Estimation of Exact Interest	260	(12)
Notes and Interest Variables
Calculating the Number of Interest Days of a Note	272	(1)
Determining the Due Date of a Note	273	(1)
Computing the Maturity Value of a Note	274	(1)
Computing the Interest Variables	275	(13)
Finding the Interest Amount, Principal, Rate, or Time	275	(13)
Borrowing by Business
Borrowing Money to Take a Cash Discount	288	(1)
Computing Interest with the Unpaid-Balance Method	289	(2)
Analyzing Bank Discounts	291	(2)
Discount Rate versus Interest Rate	292	(1)
Discounting Non-Interest-Bearing Notes	293	(1)
Discounting Interest-Bearing Notes	294	(12)
Charges for Credit
Converting Interest Rates	306	(1)
Computing Simple Interest on a Monthly Basis	306	(1)
Computing Finance Charges	307	(1)
Computing Costs of installment Purchases	308	(2)
Computing Effective Rates	310	(3)
Increasing the Effective Rate	310	(1)
An Alternative Formula for Estimating the Effective Rate	311	(2)
Amortizing a Loan	313	(15)
Computing the Monthly Payment	313	(1)
Loan Payment Schedule	314	(14)
Part 6 Basic Business Applications
Business and Personal Insurance
Computing Auto Insurance Costs	328	(1)
Computing Low-Risk and High-Risk Rates	329	(1)
Computing Short Rates	330	(1)
Computing Coinsurance on Property Losses	331	(1)
Computing Life Insurance Premiums	332	(2)
Computing Cash Surrender and Loan Values	334	(1)
Computing Medical Insurance Contributions and Reimbursements	335	(13)
Business Inventory and Turnover
Accounting for Inventory	348	(1)
Inventory Sheets	348	(1)
Perpetual Inventory Systems	349	(1)
Computing Inventory Using the Average Cost, FIFO, and LIFO Methods	349	(2)
The Average Cost Method	349	(1)
The FIFO Method	350	(1)
The LIFO Method	350	(1)
Computing Inventory at the Lower of Cost or Market Value	351	(1)
Estimating Inventory Value	352	(1)
Computing Inventory Turnover	353	(13)
Business Depreciation
Computing Depreciation with the Straight-Line Method	366	(2)
Book Value	367	(1)
Computing Depreciation with the Declining-Balance Method	368	(1)
Computing Depreciation with the Sum-of-the-Years-Digits Method	369	(1)
Computing Depreciation with the Modified Accelerated Cost Recovery System	370	(1)
Computing Partial-Year Depreciation	371	(13)
Business Financial Statements
Analyzing Balance Sheets	384	(2)
Analyzing Income Statements	386	(2)
Computing Business Operating Ratios	388	(18)
Working Capital Ratio	389	(1)
Acid Test Ratio	389	(1)
Ratio of Accounts Receivable to Net Sales	389	(1)
Inventory Turnover Rate	390	(1)
Relationship of Net Income Sales to Net Sales	390	(1)
Rate of Return on Investment	390	(16)
Math in Employment Tests
Solving Rate, Time, and Distance Problems	406	(1)
Solving Proportion Problems	407	(2)
Solving Time and Work Problems	409	(1)
Solving Measurement Problems	410	(2)
Solving Percentage Problems	412	(2)
Solving Relationship Problems	414	(14)
Glossary	428	(7)
Answers to Odd-Numbered Problems	435	(7)
Index	442	(4)
Progress Report	447