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Business Math Demystified / Edition 1
     

Business Math Demystified / Edition 1

5.0 1
by Allan Bluman
 

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ISBN-10: 0071464700

ISBN-13: 9780071464703

Pub. Date: 03/10/2006

Publisher: McGraw-Hill Professional Publishing

This work teaches business-management students all the basic mathematics used in a retail business and follows the standard curriculum of Business Math courses.

Overview

This work teaches business-management students all the basic mathematics used in a retail business and follows the standard curriculum of Business Math courses.

Product Details

ISBN-13:
9780071464703
Publisher:
McGraw-Hill Professional Publishing
Publication date:
03/10/2006
Series:
Demystified Series
Edition description:
List
Pages:
390
Sales rank:
428,304
Product dimensions:
7.10(w) x 9.10(h) x 0.84(d)

Table of Contents

Prefacexi
Chapter 1Fractions-Review1
Basic Concepts1
Operations with Fractions4
Operations with Mixed Numbers7
Quiz10
Chapter 2Decimals-Review17
Rounding Decimals17
Addition of Decimals19
Subtraction of Decimals20
Multiplication of Decimals20
Division of Decimals21
Comparing Decimals24
Changing Fractions to Decimals25
Changing Decimals to Fractions27
Quiz29
Chapter 3Percent-Review32
Basic Concepts32
Changing Percents to Decimals32
Changing Decimals to Percents34
Changing Fractions to Percents36
Changing Percents to Fractions38
Three Types of Percent Problems39
Word Problems43
Quiz45
Chapter 4Formulas-Review49
Introduction49
Exponents50
Order of Operations51
Formulas55
Quiz58
Chapter 5Checking Accounts61
Introduction61
Recording the Transactions61
Reconciling a Bank Statement67
Summary73
Quiz73
Chapter 6Payroll and Commission76
Introduction76
Yearly Salary76
Hourly Wages78
Piecework Wages80
Commission82
Payroll Deductions85
Summary87
Quiz88
Chapter 7Markup91
Introduction91
Markup on Cost92
Markup on Selling Price97
Relationships Between the Markups103
Markdown and Shrinkage106
Summary113
Quiz113
Chapter 8Discounts116
Introduction116
Trade Discounts117
Trade Discount Series121
Cash Discounts126
Discounts and Freight Terms132
Summary135
Quiz136
Chapter 9Simple Interest and Promissory Notes138
Introduction138
Simple Interest139
Finding the Principal, Rate, and Time145
Exact and Ordinary Time149
Promissory Notes and Discounting157
Summary164
Quiz164
Chapter 10Compound Interest167
Introduction167
Compound Interest167
Effective Rate173
Present Value175
Summary179
Quiz180
Chapter 11Annuities and Sinking Funds182
Introduction182
Annuities183
Sinking Funds188
Summary191
Quiz192
Chapter 12Consumer Credit194
Introduction194
Installment Loans194
Annual Percentage Rate198
Rule of 78s202
Credit Cards207
Summary213
Quiz214
Chapter 13Mortgages216
Introduction216
Fixed-Rate Mortgage217
Finding Monthly Payments220
Amortization Schedule224
Summary228
Quiz229
Chapter 14Insurance231
Introduction231
Fire Insurance231
Automobile Insurance238
Life Insurance240
Summary243
Quiz244
Chapter 15Taxes246
Introduction246
Sales Tax246
Property Tax249
Income Tax252
Summary255
Quiz255
Chapter 16Stocks and Bonds257
Introduction257
Stocks258
Bonds265
Summary269
Quiz269
Chapter 17Depreciation272
Introduction272
The Straight-Line Method273
Sum-of-the-Years-Digits Method276
Declining-Balance Method281
The Units-of-Production Method285
The MACRS Method287
Summary287
Quiz287
Chapter 18Inventory291
Introduction291
Cost of Goods Sold291
The Retail Inventory Method300
Inventory Turnover Rate303
Summary308
Quiz308
Chapter 19Financial Statements312
Introduction312
The Balance Sheet313
Income Statements319
Summary322
Quiz322
Chapter 20Statistics325
Introduction325
Frequency Distributions325
Measures of Average334
Measures of Variability337
Summary343
Quiz343
Chapter 21Charts and Graphs346
Introduction346
The Bar Graph and Pareto Graph347
The Pie Graph352
The Time Series Graph356
The Scatter Diagrams359
The Stem and Leaf Plot363
Summary366
Quiz366
Final Exam368
Answers to Quizzes and Final Exam382
Index387

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Business Math Demystified 5 out of 5 based on 0 ratings. 1 reviews.
Lash58 More than 1 year ago
I bought this book to review business math for a civil service test. I found it to be very easy to follow. The sample problems were broken down in smaller parts so it was easier to understand how to solve the problem. The book covers a lot of topics so you get a good overall review. It is also good for the average consumer who deals with math on a daily basis. The only negative thing I found was that there were two or three problems that had errors in the calculations. No big deal!