Mathematics for Business Careers

by Cain, Jack; Carman, Robert A.

• ISBN13: 9780130197498
• ISBN10: 0130197491
• Edition: 5th
• Format: Paperback
• Copyright: 2000-07-24
• Publisher: Pearson

Summary

Designed as a true teaching text, this book guides readers through clear, detailed explanations of the principles and practices of business mathematics. TheFifth Editionhas been updated and improved to reflect the latest tools and techniques and to help users actively participate in their learning.Text covers whole numbers, fractions, decimal numbers, percent, bank records, payroll, insurance, financial statement analysis, the mathematics of buying and selling, simple interest, bank discount loans, using installment loans, using compound interest and present value, investments, real estate mathematics, inventory and overhead, depreciation, taxes and statistics and graphs.For business, real estate and other professionals requiring a review of principles and practices of business math at the arithmetic level.

Table of Contents

Whole Numbers	1	(55)
Fractions	55	(50)
Decimal Numbers	105	(36)
Percent	141	(40)
Bank Records	181	(36)
Payroll	217	(48)
The Mathematics of Buying	265	(36)
The Mathematics of Selling	301	(34)
Simple Interest	335	(42)
Bank Discount Loans	377	(24)
More Complex Loans	401	(30)
Compound Interest and Present Value	431	(26)
Investments	457	(36)
Real Estate Mathematics	493	(22)
Inventory and Overhead	515	(30)
Depreciation	545	(34)
Insurance	579	(46)
Financial Statement Analysis	625	(54)
Statistics and Graphs	679
Appendix A: The Electronic Calculator	A-1	(1)
Appendix B: Metric System	B-1	(1)
Answers for Students	C-1	(1)
Index	I-1

Excerpts

Preface This textbook is intended to be used in a variety of teaching situations from a traditional classroom lecture to individually paced instruction. Its primary function is to be used by the students. Learning business mathematics is much like learning tennis. One can watch an instructor demonstrate a topspin forehand or read about it, but to master the technique, one needs careful explanation and practice, practice, and more practice. This textbook provides students with clear, detailed explanations of concepts followed by the necessary practice. Students participate actively in the course. A three-step procedure is followed: Step 1:First, students read some explanatory material and are led through one or more worked examples. Step 2:Second, students complete practice problems in the Your Turnfeature. Step 3:Finally, immediate feedbackis provided using close-by answers and detailed solutions. This three-step sequence facilitates the students'' comprehension of various business math concepts by providing a means of "learning by doing." Special features are included to make this text effective for students: Careful attention has been given to readabilityand the visual organization of the instructional material. All business math techniques are clearly outlined in a Stepssequence, giving step-by-step guidance. Each section ends with an extensive set of practice problemsand real-life applications. Each student has abundant opportunity for practicing the business mathematics operations being learned. Answers to the odd-numbered section problems are at the end of the book. Each chapter ends with a Self-Testcovering the work of that chapter. The formatis designed for students; it is clear and easy to follow. This text respects the individual needs of readers so as to ensure their understanding and continued attention. Answersto all the even-numbered problems in the text, along with the solutions and answers to selected odd-numbered problems, are given in an Instructor''s Manual. A light, lively conversational styleof writing and a pleasant, easy-to-understand visual approach are used. Humoris used both to appeal to the student and to provide nonthreatening answers to the often-asked questions students hesitate to voice. This book has been used in both classroom and individualized instruction settings, and it has been carefully field-tested with thousands of students. Students who have used this book tell us it is helpful, interesting, even fun to work through. More important, it works. Flexibility of use was a major criterion in the design of the book, and field testing indicates that the book can be used successfully in a variety of course formats. It can be used as a textbook in traditional lecture-oriented courses. It is also very effective in situations where an instructor wishes to modify a traditional course by devoting a portion of class time to independent study. The book is especially useful in programs of individualized or self-paced instruction, whether in a learning lab situation, with tutors, or in totally independent study. The fifth edition contains several new features: Problems and worked examples have been brought up to date and new applications have been added. All problem sets, self-tests, exercises, and applications have been revised and updated in response to reviewer suggestions. A case study involving a more extensive, real-life application has been added to each chapter. New business concepts and methods have been mentioned where appropriate, and some seldom-used methods have been dropped. The material on determining time in interest calculations has been simplified and improved. The use of calculators in performing arithmetic operations with fractions has been emphasized. Material on taxes has been moved to the chapters on percent and payroll.