Product Cover Image

Mathematics for Business, CourseSmart eTextbook, 10th Edition

By Stanley A. Salzman, Gary Clendenen

Published by Pearson

Published Date: Feb 18, 2013

More Product Info

Description

For courses in business mathematics at the freshman/sophomore levels.

 

Mathematics for Business provides practical, up-to-date coverage of the mathematical techniques students must master to succeed in business today. Covering more algebra than competing books, it looks at a range of topics such as payroll records, inflation and the time value of money, range and standard deviation and index numbers. Examples and problems relate to real world events and personal finance issues so material is relevant to students. This tenth edition is supported by MyMathLab, includes over 150 new problems, uses Apple as a case study illustration, and addresses the global financial crisis and personal debt.

Table of Contents

Preface

Index of Applications

Introduction for Students

    Pretest in Business Mathematics

 

PART I: BASIC MATHEMATICS

1.      Problem Solving and Operations with Fractions

    1.1    Problem Solving

    1.2    Addition and Subtraction of Fractions

    1.3    Multiplication and Division of Fractions

            Chapter 1 Quick Review

            Chapter 1 Quick Review Exercises

            Business Application Case #1

            Business Application Case #2

2.      Equations and Formulas

    2.1    Solving Equations

    2.2    Applications of Equations

    2.3    Formulas

    2.4    Ratios and Proportions

    2.5    Exponents and the Order of Operations

            Chapter 2 Quick Review

            Chapter 2 Review Exercises

            Business Application Case #1

            Business Application Case #2

3.      Percent

    3.1   Writing Decimals and Fractions as Percents

    3.2    Applications: Finding the Part

    3.3    Applications: Finding the Base

            Supplementary Exercises: Base and Part

    3.4    Applications: Finding the Rate

            Supplementary Exercises: Rate, Base, and Part

    3.5    Increase and Decrease Problems

            Chapter 3 Quick Review

            Chapter 3 Review Exercises

            Business Application Case #1

            Business Applcation Case #2

4.      Business Statistics

    4.1    Frequency Distributions and Basic Graphs

    4.2    Graphing Equations Using Line Graphs

    4.3    The Mean

    4.4    The Median and the Mode

    4.5    Range and Standard Deviation

    4.6    Index Numbers

            Chapter 4 Quick Review

            Chapter 4 Review Exercises

            Business Application Case #1

            Business Application Case #2

 

Part 1 Cumulative Review: Chapters 1-4

 

PART II: BASIC BUSINESS APPLICATIONS

5.      Banking Services

    5.1    Checking Accounts and Check Registers

    5.2    Checking Services and Credit-Card Transactions

    5.3    Reconciliation

            Chapter 5 Quick Review

            Chapter 5 Review Exercises

            Business Application Case #1

            Business Application Case #2

6.      Payroll

    6.1    Gross Earnings (Wages and Salaries)

    6.2    Gross Earnings (Commission)

    6.3    Gross Earnings (Piecework)

    6.4    Social Security, Medicare, and Other Taxes

    6.5    Income Tax Withholding

    6.6    Payroll Records and Quarterly Returns

            Chapter 6 Quick Review

            Chapter 6 Review Exercises

            Business Application Case #1

            Business Application Case #2

7.      Taxes

    7.1    Sales Tax

    7.2    Property Tax

    7.3    Personal Income Tax

            Chapter 7 Quick Review

            Chapter 7 Review Exercises

            Business Application Case #1

            Business Applcation Case #2

8.      Risk Management

    8.1    Business Insurance

    8.2    Motor Vehicle Insurance

    8.3    Life Insurance

            Chapter 8 Quick Review

            Chapter 8 Review Exercises

            Business Application Case #1

            Business Applcation Case #2

 

Part 2 Cumulative Review: Chapters 5-8

 

PART III: Mathematics of Retailing

9.      Mathematics of Buying

    9.1    Invoices and Trade Discounts

    9.2    Single Discount Equivalents

    9.3    Cash Discounts: Ordinary Dating Method

    9.4    Cash Discounts: Other Dating Methods

            Chapter 9 Quick Review

            Chapter 9 Review Exercises

            Business Application Case #1

            Business Application Case #2

10.  Markup

    10.1    Markup on Cost

    10.2    Markup on Selling Price

    10.3    Markup with Spoilage

                Supplementary Exercises: Markup

                Chapter 10 Quick Review

                Chapter 10 Review Exercises

                Business Application Case #1

                Business Application Case #2

11.  Markdown and Inventory Control

    11.1    Markdown

    11.2    Average Inventory and Inventory Turnover

    11.3    Valuation of Inventory

                Chapter 11 Quick Review

                Chapter 11 Review Exercises

                Business Application Case #1

                Business Application Case #2

 

Part 3 Cumulative Review: Chapters 9-11

 

PART IV: MATHEMATICS OF FINANCE

12.  Simple Interest

    12.1    Basics of Simple Interest

    12.2    Simple Interest for a Given Number of Days

    12.3    Maturity Value

    12.4    Inflation and the Time Value of Money

                Chapter 12 Quick Review

                Chapter 12 Review Exercises

                Business Application Case #1

                Business Application Case #2

13.  Notes and Bank Discount

    13.1    Simple Interest Notes

    13.2    Simple Discount Notes

    13.3    Comparing Simple Interest and Simple Discount

    13.4    Discounting a Note

                Chapter 13 Quick Review

                Chapter 13 Review Exercises

                Business Application Case #1

                Business Application Case #2

14.  Compound Interest

    14.1    Compound Interest

    14.2    Daily and Continuous Compounding

    14.3    Finding Time and Rate

    14.4    Present Value at Compound Interest

                Chapter 14 Quick Review

                Chapter 14 Review Exercises

                Business Application Case #1

                Business Application Case #2

15.  Annuities and Sinking Funds

    15.1    Amount of an Annuity

    15.2    Present Value of an Annuity

    15.3    Sinking Funds

                Chapter 15 Quick Review

                Chapter 15 Review Exercises

                Business Application Case #1

                Business Application Case #2

16.  Business and Consumer Loans

    16.1    Open-End Credit

    16.2    Installment Loans

    16.3    Early Payoffs of Loans

    16.4    Real Estate Loans

                Chapter 16 Quick Review

                Chapter 16 Review Exercises

                Business Application Case #1

                Business Application Case #2

 

Part 4 Cumulative Reviews: Chapters 12-16

 

PART V: ACCOUNTING AND OTHER APPLICATIONS

17.  Depreciation

    17.1    Striaght-Line Method

    17.2    Declining-Balanced Method

    17.3    Sum-of-the-Years'-Digits Method

    17.4    Units-of-Production Method and Partial-Year Depreciation

    17.5    Modified Accelerated Cost Recovery System

                Chapter 17 Quick Review

                Chapter 17 Review Exercises

                Business Application Case #1

                Business Application Case #2

18.  Financial Statements and Ratios

    18.1    The Income Statement

    18.2    Analyzing the Income Statement

    18.3    The Balance Sheet

    18.4    Analyzing the Balance Sheet; Financial Ratios

                Chapter 18 Quick Review

                Chapter 18 Review Exercises

                Business Application Case #1

                Business Application Case #2

19.  Distribution of Profits, Stocks, and Bonds

    19.1    Distribution of Profits in a Corporation

    19.2    Buying Stock

    19.3    Bonds

    19.4    Distribution of Profits and Losses in a Partnership

    19.5    Distribution of Overhead

                Chapter 19 Quick Review

                Chapter 19 Review Exercises

                Business Application Case #1

                Business Application Case #2

 

Part 5 Cumulative Review: Chapters 17-19

 

APPENDIX A: CALCULATOR BASICS

    A.1    Basic Calculators

    A.2    Financial Calculators   

APPENDIX B: THE METRIC SYSTEM

APPENDIX C: INTEREST TABLES

APPENDIX D: CALENDAR AND IMPORTANT FORMULAS

 

Answers to Selected Exercises

Glossary

Index

Purchase Info ?

With CourseSmart eTextbooks and eResources, you save up to 60% off the price of new print textbooks, and can switch between studying online or offline to suit your needs.

Once you have purchased your eTextbooks and added them to your CourseSmart bookshelf, you can access them anytime, anywhere.

Buy Access

Mathematics for Business, CourseSmart eTextbook, 10th Edition
Format: Safari Book

$98.99 | ISBN-13: 978-0-13-307499-4