Business Mathematics
- 1st Edition - January 1, 1986
- Latest edition
- Author: Michael Sentlowitz
- Language: English
Business Mathematics deals with the concepts and problem-solving techniques used in business mathematics. Learning objectives are included at the beginning of each chapter to give… Read more
Business Mathematics deals with the concepts and problem-solving techniques used in business mathematics. Learning objectives are included at the beginning of each chapter to give the student an overview of the skills they can expect to master after completing the chapter, along with worked-out examples and practice exercises; drill problems and word problems; and post-tests that let students measure their problem-solving skills. Topics covered in this book include operations with whole numbers, decimals, fractions, and percent; sales and inventory; finance; business and personal expenses; borrowing and investing; and data analysis. Starting with the fourth chapter, a case study is included at the end of each chapter for an in-depth analysis and discussion of a hypothetical business-related situation. Optional subsections in each chapter deal with mental arithmetic skills. Step-by-step problem-solving procedures are translated into written formulas, located in easy-to-find boxes for quick reference. A chapter glossary includes definitions for all key terms introduced in the chapter. The answer key at the end of the text includes all the answers for the pretests and post-tests, plus the answers to odd-numbered exercises. This monograph is intended for instructors of business mathematics and for their students who want to understand the concepts and master the problem-solving techniques of business mathematics.
PrefacePart 1 Arithmetic: Basic Operations and Bank Statements Pretest 1 Chapter 1 Operations with Whole Numbers and Decimals 1.1 Hindu-Arabic Numeration 1.2 Rounding Whole Numbers and Decimals 1.3 Addition Involving Whole Numbers and Decimals 1.4 Subtraction Involving Whole Numbers and Decimals 1.5 Multiplication Involving Whole Numbers and Decimals 1.6 Division Involving Whole Numbers and Decimals 1.7 Order of Operations 1.8 Record Keeping for Checking Accounts Glossary Posttest 1-A Posttest 1-B Posttest 1-C Pretest 2 Chapter 2 Operations with Fractions 2.1 An Introduction to Fractions 2.2 Adding and Subtracting Fractions 2.3 Multiplying and Dividing Fractions 2.4 Converting Fractions to Decimals and Decimals to Fractions Glossary Posttest 2-A Posttest 2-B Posttest 2-C Pretest 3 Chapter 3 Percents 3.1 An Introduction to Percents 3.2 Percentage = Base × Rate: Finding the Percentage 3.3 Percentage = Base × Rate: Finding the Rate 3.4 Percentage = Base × Rate: Finding the Base 3.5 Percentage = Base × Rate: Miscellaneous Problems 3.6 Rate of Increase or Decrease Glossary Posttest 3-A Posttest 3-B Posttest 3-CPart 2 Sales and Inventory Chapter 4 Pricing: Manufacturers and Wholesalers 4.1 The Invoice 4.2 Trade Discounts 4.3 Payment Terms, Cash Discounts, and Shipping Charges Case Study Glossary Posttest 4-A Posttest 4-B Posttest 4-C Chapter 5 Pricing: Retailers 5.1 Markup Based on Cost 5.2 Markup Based on the Sales Price 5.3 Markdowns 5.4 Sales Tax Case Study Glossary Posttest 5-A Posttest 5-B Posttest 5-C Chapter 6 Inventory 6.1 Inventory: Quantity on Hand 6.2 Cost of Goods Sold and Inventory Valuation 6.3 Estimating Inventory Values 6.4 Inventory Turnover Ratio Case Study Glossary Posttest 6-A Posttest 6-B Posttest 6-CPart 3 Business and Personal Expenses Chapter 7 Depreciation 7.1 Depreciation: An Introduction 7.2 Depreciation: Straight-Line Method 7.3 Depreciation: Units-of-Production Method 7.4 Depreciation: Declining-Balance Method 7.5 Depreciation: Sum-of-the-Years'-Digits Method 7.6 Depreciation: Accelerated Cost Recovery System Case Study Glossary Posttest 7-A Posttest 7-B Posttest 7-C Chapter 8 Payroll 8.1 Gross Earnings: Salaried Employees 8.2 Gross Earnings: Base Salary Plus Commission 8.3 Gross Earnings: Hourly Wages 8.4 Gross Earnings: Piece Rate 8.5 Payroll Deductions: FICA and Federal Withholding Tax 8.6 Payroll Register and Other Deductions 8.7 Personal Income Tax Case Study Glossary Posttest 8-A Posttest 8-B Posttest 8-C Chapter 9 Insurance 9.1 Insurance: An Introduction 9.2 Fire Insurance: Building and Contents 9.3 Motor Vehicle Insurance 9.4 Life Insurance Case Study Glossary Posttest 9-A Posttest 9-B Posttest 9-CPart 4 The Mathematics of Finance Chapter 10 Simple Interest 10.1 Interest and Maturity Value 10.2 Finding the Principal, Rate, or Time 10.3 Promissory Notes 10.4 Discounting: Simple Discount Notes 10.5 Discounting a Promissory Note Before Maturity Case Study Glossary Posttest 10-A Posttest 10-B Posttest 10-C Chapter 11 Compound Interest 11.1 Finding the Compound Amount 11.2 Daily Compounding 11.3 Effective Interest Rate 11.4 Finding the Present Value 11.5 Finding the Annual Rate 11.6 Finding the Time Case Study Glossary Posttest 11-A Posttest 11-B Posttest 11-C Chapter 12 Annuitites 12.1 Finding the Amount of an Annuity 12.2 Finding the Present Value of an Annuity 12.3 Perpetuities Case Study Glossary Posttest 12-A Posttest 12-B Posttest 12-CPart 5 Borrowing and Investing Chapter 13 Business and Consumer Finance 13.1 Sinking Funds 13.2 Personal Loans: Credit Cards 13.3 Personal Loans: Installment Plan and the True Annual Rate 13.4 Amoritization of Loans 13.5 Early Payoff of Loans Case Study Glossary Posttest 13-A Posttest 13-B Posttest 13-C Chapter 14 Stocks, Bonds, and Real Estate 14.1 Purchasing Corporate Stock 14.2 Dividends 14.3 Purchasing Bonds 14.4 Real Estate and Property Tax Case Study Glossary Posttest 14-A Posttest 14-B Posttest 14-CPart 6 Analysis of Data Chapter 15 Analysis of Financial Statements 15.1 Introduction 15.2 The Balance Sheet 15.3 The Income Statement Case Study Glossary Posttest 15-A Posttest 15-B Posttest 15-C Chapter 16 Descriptive Statistics 16.1 Frequency Distributions 16.2 Statistical Graphs 16.3 Measures of Central Tendency: Mean, Median, and Mode Case Study Glossary Posttest 16-A Posttest 16-B Posttest 16-CAnswers to Selected ExercisesIndex
- Edition: 1
- Latest edition
- Published: January 1, 1986
- Language: English
Read Business Mathematics on ScienceDirect