Business Mathematics

by Miller, Charles D.; Salzman, Stanley A.; Clendenen, Gary

• ISBN13: 9780321277824
• ISBN10: 0321277821
• Edition: 10th
• Format: Paperback
• Copyright: 2006-01-01
• Publisher: Addison Wesley

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

Whole Numbers and Decimals

Whole Numbers

Application Problems

Basics of Decimals

Addition and Subtraction of Decimals

Multiplication and Division of Decimals

Fractions

Basics of Fractions

Addition and Subtraction of Fractions

Addition and Subtraction of Mixed Numbers

Multiplication and Division of Fractions

Converting Decimals to Fractions and Fractions to Decimals

Percent

Writing Decimals and Fractions as Percents

Finding Part

Finding Base

Finding Rate

Increase and Decrease Problems

Bank Services

Checking Accounts and Check Registers

Checking Services and Credit-Card Transactions

Reconciliation

Payroll

Gross Earnings: Wages and Salaries

Gross Earnings: Piecework and Commissions

Social Security, Medicare, and Other Taxes

Income Tax Withholding

Mathematics of Buying

Invoices and Trade Discounts

Single Discount Equivalents

Cash Discounts: Ordinary Dating Method

Cash Discounts: Other Dating Methods

Mathematics of Selling

Markup on Cost

Markup on Selling Price

Markdown

Turnover and Valuation of Inventory

Simple Interest

Basics of Simple Interest

Finding Principle, Rate, and Time

Simple Discount Notes

Discounting a Note Before Maturity

Compound Interest

Compound Interest

Interest Bearing Bank Accounts and Inflation

Present Value

Annuities, Stocks, and Bonds

Annuities and Retirement Accounts

Present Value of an Ordinary Annuity

Sinking Funds (Finding Annuity Payments)

Stocks

Bonds

Business and Consumer Loans

Open-End Credit and Charge Cards

Installment Loans

Early Payoffs of Loans

Personal Property Loans

Real Estate Loans

Taxes and Insurance

Property Tax

Personal Income Tax

Fire Insurance

Motor-Vehicle Insurance

Life Insurance

Depreciation

Depreciation: Straight-Line Method

Depreciation: Declining-Balance Method

Depreciation: Sum-of-the-Years' -Digits Method

Depreciation: Units-of-Production Method

Depreciation: Modified Accelerated Cost Recovery System

Financial Statements and Ratios

The Income Statement

Analyzing the Income Statement

The Balance Sheet

Analyzing the Balance Sheet

Business Statistics

Frequency Distributions and Graphs

Mean, Median, and Mode

Appendix A

Equations and Formula Review

Equations

Business Applications of Equations

Business Formulas

Ratio and Proportion

Basic Calculators

Financial Calculators

Answers to Selected Exercises

Glossary

Index

Table of Contents provided by Publisher. All Rights Reserved.