Study Guide for Business Math

Table of Contents

Review of Whole Numbers and Integers

1-1 Place Value and Our Number System
1-2 Operations with Whole Numbers and Integers


Review of Fractions

2-1 Fractions
2-2 Adding and Subtracting Fractions
2-3 Multiplying and Dividing Fractions


Decimals

3-1 Decimals and the Place Value System
3-2 Operations with Decimals
3-3 Decimal and Fraction Conversions


Banking

4-1 Checking Account Transactions
4-2 Bank Statements


Equations

5-1 Equations
5-2 Using Equations to Solve Problems
5-3 Formulas


Percents

6-1 Percent Equivalents
6-2 Solving Percentage Problems
6-3 Increases and Decreases


Business Statistics

7-1 Graphs and Charts
7-2 Measures of Central Tendency
7-3 Measures of Dispersion


Trade and Cash Discounts

8-1 Single Trade Discounts
8-2 Trade Discount Series
8-3 Cash Discounts and Sales Terms


Markup and Markdown

9-1 Markup Based on Cost
9-2 Markup Based on Selling Price and Markup Comparisons
9-3 Markdown, Series of Markdowns, and Perishables


Payroll

10-1 Gross Pay
10-2 Payroll Deductions
10-3 The Employer's Payroll Taxes


Simple Interest and Simple Discount

11-1 The Simple Interest Formula
11-2 Ordinary and Exact Interest
11-3 Promissory Notes


Consumer Credit

12-1 Installment Loans and Closed-End Credit
12-2 Paying a Loan Before It Is Due: The Rule of 78
12-3 Open-End Credit


Compound Interest, Future Value, and Present Value

13-1 Compound Interest and Future Value
13-2 Present Value


Annuities and Sinking Funds

14-1 Future Value of an Annuity
14-2 Sinking Funds and Present Value of an Annuity


Building Wealth Through Investments

15-1 Stocks
15-2 Bonds
15-3 Mutual Funds


Mortgages

16-1 Mortgage Payments
16-2 Amortization Schedules and Qualifying Ratios


Depreciation

17-1 Depreciation Methods for Financial Statement Reporting
17-2 Depreciation Methods for IRS Reporting


Inventory

18-1 Inventory
18-2 Turnover and Overhead


Insurance

19-1 Life Insurance
19-2 Property Insurance
19-3 Motor Vehicle Insurance


Taxes

20-1 Sales Tax and Excise Tax
20-2 Property Tax
20-3 Income Taxes


Financial Statements

21-1 The Balance Sheet
21-2 Income Statements
21-3 Financial Statement Ratios