Applied Business Mathematics

by Schultheis, Robert; Kaczmarski, Raymond

• ISBN13: 9780538652513
• ISBN10: 0538652519
• Edition: 14th
• Format: Hardcover
• Copyright: 1996-03-21
• Publisher: South-Western Educational Pub

Summary

Discover how math skills can take you along the path to personal financial success. Coverage includes managing cash, income, spending, budgeting, investing, and managing business income. Ample practice opportunities help reinforce each lesson.

Table of Contents

Letter to Students	iii
Features Highlights	v
Skills Workshop
Place Value and Order	xvii
Addition and Subtraction of Whole Numbers and Decimals	xviii
Multiplying Whole Numbers and Decimals	xix
Dividing Whole Numbers and Decimals	xx
Multiplying and Dividing Fractions	xxi
Adding and Subtracting Fractions	xxii
Fractions, Decimals, and Percents	xxiii
Unit 1 Managing Your Money
Money Records
Career Profile Accounts Payable Clerk/Accounting	1	(20)
Cash Receipts Records	2	(4)
Cash Payments Records	6	(5)
Columnar Cash Payments Records	11	(4)
Check Register Records	15	(6)
Put It All Together Practical Applications	21	(14)
Electronic Banking	22	(3)
Reconciling the Check Register Balance	25	(6)
Special Reconciliation Problems	31	(4)
Explore Technology
Template: Using a Spreadsheet for a Cash Payments Record	35	(2)
Design Your Own: Using Formulas	37	(1)
Chapter Review	38	(2)
Workplace Knowhow
Human Resource Management	40	(1)
Chapter Test	41	(1)
Gross And Average Pay
Career Profile Armed Forces	42	(29)
Multiplication and Estimation	44	(10)
Finding Gross Pay	54	(5)
Division and Estimation	59	(8)
Finding Average Pay	67	(4)
Put It All Together Compare Job Offers	71	(2)
Explore Technology
Template: Using a Spreadsheet for Payrolls	73	(1)
Design Your Own: Spreadsheet Using Formulas to Compare Wages	73	(1)
Chapter Review	74	(2)
Workplace Knowhow
Acquire and Evaluate Information	76	(1)
Chapter Test	77	(1)
Regular And Overtime Pay
Career Profile Assembly Line Workers	78	(7)
Multiplying, Simplifying, and Dividing Fractions	80	(5)
Put It All Together Practical Applications	85	(24)
Adding & Subtracting Fractions	86	(4)
Ratio & Proportion	90	(5)
Regular and Overtime Pay	95	(9)
Mixed Numbers	104	(5)
Put It All Together Comprehensive Application	109	(7)
Fractional Relationships	110	(6)
Explore Technology
Template: Customer Database	116	(1)
Design Your Own: Collections Database	117	(1)
Chapter Review	118	(2)
Workplace Knowhow
Negotiation and Leadership Skills	120	(1)
Chapter Test	121	(1)
Net Pay, Fringe Benefits, And Commission
Career Profile Salesperson	122	(15)
Decimals	124	(4)
Percents	128	(4)
Deductions and Take Home Pay	132	(5)
Put It All Together Comprehensive Application	137	(10)
More Percents	138	(6)
Fringe Benefits and Job Expenses	144	(3)
Put It All Together
Calculating and Justifying Cost of Job Benefits	147	(1)
Percent Relationships	148	(5)
Commission	153	(7)
Explore Technology
Template: Spreadsheet to Calculate FICA Taxes and Net Pay	160	(1)
Design Your Own: Spreadsheet to Compare Job Offers	161	(1)
Chapter Review	162	(2)
Workplace Knowhow
Organize and Maintain Information	164	(1)
Chapter Test	165	(1)
Unit 1 Test	166	(2)
Unit 2 SPENDING WISELY
Metric Measurement
Career Profile Actress	168	(20)
Length	170	(7)
Area	177	(6)
Capacity & Weight	183	(5)
Put It All Together
Using Metrics to Describe Something	188	(2)
Explore Technology
Template: Customer Service Database	190	(1)
Design Your Own: Enhanced Customer Service Database	191	(3)
Chapter Review
Workplace Knowhow
Seeing Things in the Mind's Eye	194	(1)
Chapter Test	195	(1)
Buying for You and Your Home
Career Profile Waiter/Food Service Industry	196	(26)
Planning a Budget	198	(4)
Checking Sales Receipts	202	(5)
More Sales Extensions	207	(6)
Finding Unit Prices	213	(4)
Buying Wisely	217	(5)
Put It All Together Rent to Own Offers	222	(23)
Checking Energy Costs	223	(7)
Reducing Energy Costs	230	(5)
Checking & Reducing Water Costs	235	(5)
Checking & Redcing Telephone Costs	240	(5)
Put It All Together
Procedures to Check Bills for Accuracy	245	(1)
Explore Technology
Template: Spreadsheet to Compare Renting and Owning	246	(1)
Design Your Own: Spreadsheet to Calculate Payback on Energy Saving Appliances	246	(2)
Chapter Review	248	(2)
Workplace Knowhow Problem Solving	250	(1)
Chapter Test	251	(1)
Buying, Leasing, and Running a Home or Motor Vehicle
Career Profile Customer Service Representative	252	(12)
Buying a Home	254	(7)
The Cost of Owning a Home	261	(3)
Put It All Together
Compare Costs of Renting and Owning a Home	264	(2)
Depreciating a Motor Vehicle	266	(5)
Cost of Operating a Motor Vehicle	271	(4)
Put It All Together
Create a Decision Checklist for a Major Purchase	275	(1)
Explore Technology
Template: Spreadsheet to Compare Costs of Home Ownership and Renting	276	(1)
Design Your Own: Spreadsheet to Evaluate a Major Purchase	277	(1)
Chapter Review	278	(2)
Workplace Knowhow Serving Customers	280	(1)
Chapter Test	281	(1)
Paying Your Taxes
Career Profile Distribution Team	282	(29)
Property Taxes	284	(7)
Sales Taxes	291	(4)
Social Security Taxes and Benefits	295	(6)
Federal Income Tax	301	(7)
State & City Income Taxes	308	(3)
Put It All Together
How Much Income Goes to Taxes?	311	(1)
Explore Technology
Template: Spreadsheet to Find Income Taxes	312	(1)
Design Your Own: Create a Graduated Tax Table	313	(1)
Chapter Review	314	(2)
Workplace Knowhow Participates as a Team Member	316	(1)
Chapter Test	317	(1)
Managing Your Insurance Needs
Career Profile Radiological Technician/Health Field	318	(23)
Life Insurance	320	(6)
Health Insurance	326	(5)
Property Insurance	331	(8)
Automobile Insurance	339	(2)
Put It All Together
Common and Distinguishing Features of Insurance	341	(1)
Explore Technology
Template: Spreadsheet for Figuring Insurance Loss Payments	342	(1)
Design Your Own: Create a Worksheet to Calculate Medical Benefits	343	(1)
Chapter Review	344	(2)
Workplace Knowhow Decision Making	346	(1)
Chapter Test	347	(1)
Unit 2 Test	348	(2)
Unit 3 MAKING MONEY GROW
Saving And Borrowing Money
Career Profile Court Reporter	350	(18)
Passbook Savings Accounts	352	(7)
Special Savings Accounts	359	(4)
Promissory Notes	363	(5)
Put It All Together
Mixed Application	368	(2)
Interest and Date Tables	370	(4)
Put It All Together
Mixed Application	374	(1)
Installment Buying	375	(6)
Credit Cards	381	(4)
Put It All Together
Compare Interest on Savings and Borrowing Can You Save by Borrowid Owning	385	(1)
Explore Technology
Template: Spreadsheet to Compare Savings Options	386	(1)
Design Your Own: Loan Comparison Spreadsheet	387	(1)
Chapter Review	388	(2)
Workplace Knowhow Managing Time	390	(1)
Chapter Test	391	(1)
Investments
Career Profile Printing Press Operator	392	(33)
Investing in Bonds	394	(10)
Investing in Stocks	404	(10)
Investing in Mutual Funds	414	(5)
Investing in Real Estate	419	(6)
Put It All Together
Can Passbook Savings be a Risky Investment?	425	(1)
Explore Technology
Template: Spreadsheet to Monitor Personal Investments	426	(1)
Design Your Own: Investment Tracking Spreadsheet	427	(1)
Chapter Review	428	(2)
Workplace Knowhow
Acquire and Evaluate Information	430	(1)
Chapter Test	431	(1)
Unit 3 Test	432	(2)
Unit 4 BUSINESS MATHEMATICS
Business Analysis And Statistics
Career Profile Sound Engineer	434	(25)
Measures of Central Tendency	436	(4)
Probability	440	(5)
Bar and Line Graphs	445	(6)
Circle and Rectangle Graphs	451	(4)
Economic Statistics	455	(4)
Put It All Together
A Graphical Presentation About Inflation	459	(1)
Explore Technology
Template: Spreadsheet for Comparing Inflation Indicators	460	(1)
Design Your Own: Create a Circle Graph from a Spreadsheet	461	(1)
Chapter Review	462	(2)
Workplace Knowhow
Monitors, Corrects, and Improves System Performance	464	(1)
Chapter Test	465	(1)
Business Profit And Loss
Career Profile Self-Employed Contractor	466	(27)
Profit and Loss	468	(8)
Calculating and Analyzing Operating Costs	476	(6)
Depreciation Costs	482	(6)
Shipping and Advertising Costs	488	(5)
Put It All Together Direct Mail Advertising Campaign	493	(16)
The Balance Sheet	494	(5)
Distributing Business Income	499	(8)
Bankruptcy	507	(2)
Put It All Together
Distributing Assets After Bankruptcy	509	(1)
Explore Technology
Template: Completing a Payroll Register	510	(1)
Design Your Own: Database to Record Operating Expenses	511	(1)
Chapter Review	512	(2)
Workplace Knowhow Reasoning	514	(1)
Chapter Test	515	(1)
Doing Business In A Global Economy
Career Profile Computer Operations	516	(14)
Purchasing for a Business	518	(8)
Series Discounts	526	(4)
Put It All Together Identifying the Best Price	530	(12)
Pricing for Profit	531	(8)
Finding the Break-Even Point	539	(3)
Put It All Together Determining Profit and Loss for a Manufactured Item	542	(15)
Business Records	543	(5)
What Is International Business?	548	(3)
International Time, Temperature, and Money	551	(6)
Put It All Together
How Does a Strong Dollar Impact Imports and Exports?	557	(1)
Looking at Careers	558	(4)
Explore Technology
Exploring the Internet for Career Information	562	(1)
Design Your Own: Internet Search	563	(2)
Chapter Review	565	(1)
Workplace Knowhow
Interpersonal Skills: Working with Cultural Diversity	566	(1)
Chapter Test	567	(1)
Unit 4 Test	568	(2)
Explore Algebra
Number Theory	570	(1)
Solving Equations with Addition and Subtraction	571	(1)
Solving Equations with Multiplication and Division	572	(1)
Ratios and Proportions	573	(1)
Solving More Equations	574	(1)
Explore Geometry
Lines and Angles	575	(1)
Polygons	576	(1)
Perimeter, Area, and Volume	577	(1)
Pythagorean Theorem	578	(1)
Graphing Equations	579	(2)
Reference
Technology Reference	581	(12)
Using Electronic Spreadsheets and Calculators	581	(8)
Using the Internet	589	(4)
Metric Measurements	593	(2)
Glossary	595	(14)
Selected Answers	609	(9)
Index	618