Business Mathematics
International Edition
11th Edition
Published on 20. November 2008
Book
Mixed media product
804 pages
978-0-321-61231-1 (ISBN)
Description
Business Mathematics, Eleventh Edition maximizes student interest by presenting the necessary mathematics through real-world applications. New examples from real companies and the people who run them are woven throughout the book to apply the concepts to real practices. Many new photographs, news clippings, and graphs have been added to increase the relevance of chapter content to the world of business. The globalization of our society is emphasized through examples and exercises that highlight foreign countries and international topics.
Providing solid, practical, and up-to-date coverage of business mathematics topics, the text begins with a brief review of basic mathematics and goes on to introduce key business topics, such as bank services, payroll, business discounts and markups, simple and compound interest, stocks and bonds, consumer loans, taxes and insurance, depreciation, financial statements, and business statistics.
Available with the 11/e:
MathXL (R) and MyMathLab (R) for Business Math provide a powerful classroom management, homework, tutorial, and assessment tools. Students can take chapter quizzes or tests in MathXL and MyMathLab and receive personalized study plans based on their test results. The study plan diagnoses weaknesses and links students directly to tutorial exercises for the outcomes they need to study and retest. All student work can be tracked in MathXL's online gradebook. Three packaging options--MyMathLab, MathXL, or MathXL Tutorials on CD--provide flexible platforms to fit your course goals. For more information, visit our websites at www.mymathlab.com and www.mathxl.com, or contact your sales representative.
Providing solid, practical, and up-to-date coverage of business mathematics topics, the text begins with a brief review of basic mathematics and goes on to introduce key business topics, such as bank services, payroll, business discounts and markups, simple and compound interest, stocks and bonds, consumer loans, taxes and insurance, depreciation, financial statements, and business statistics.
Available with the 11/e:
MathXL (R) and MyMathLab (R) for Business Math provide a powerful classroom management, homework, tutorial, and assessment tools. Students can take chapter quizzes or tests in MathXL and MyMathLab and receive personalized study plans based on their test results. The study plan diagnoses weaknesses and links students directly to tutorial exercises for the outcomes they need to study and retest. All student work can be tracked in MathXL's online gradebook. Three packaging options--MyMathLab, MathXL, or MathXL Tutorials on CD--provide flexible platforms to fit your course goals. For more information, visit our websites at www.mymathlab.com and www.mathxl.com, or contact your sales representative.
More details
Edition
11th edition
Language
English
Place of publication
United States
Publishing group
Pearson Education (US)
Target group
College/higher education
Dimensions
Height: 229 mm
Width: 304 mm
Thickness: 24 mm
Weight
1904 gr
ISBN-13
978-0-321-61231-1 (9780321612311)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
New editions
Gary Clendenen | Stanley Salzman | Charles Miller
Business Mathematics
Book
02/2011
12th Edition
Pearson
€170.83
Article exhausted; check for reprint
Previous edition
Charles D. Miller | Stanley A. Salzman | Gary Clendenen
Business Mathematics
Book
03/2005
10th Edition
Pearson
€54.46
Article exhausted; check for reprint
Content
Preface
Introduction for Students
Pretest in Business Mathematics
Index of Applications
1. Whole Numbers and Decimals
1.1 Whole Numbers
1.2 Application Problems
1.3 Basics of Decimals
1.4 Addition and Subtraction of Decimals
1.5 Multiplication and Division of Decimals
Case Study: Subway
Chapter 1 Quick Review
Chapter Terms
Summary Exercise: The Toll of Wedding Bells
Chapter 1 Test
2. Fractions
2.1 Basics of Fractions
Case Study: Home Depot
2.2 Addition and Subtraction of Fractions
2.3 Addition and Subtraction of Mixed Numbers
2.4 Multiplication and Division of Fractions
2.5 Converting Decimals to Fractions and Fractions to Decimals
Chapter 2 Quick Review
Chapter Terms
Summary Exercise: Using Fractions with Statistics
Chapter 2 Test
3. Percent
3.1 Writing Decimals and Fractions as Percents
3.2 Finding Part
3.3 Finding Base
Supplementary Application Exercises on Base and Part
3.4 Finding Rate
Supplementary Application Exercises on Base, Rate, and Part
3.5 Increase and Decrease Problems
Case Study: Century 21
Chapter 3 Quick Review
Chapter Terms
Summary Exercise: Investment Gains and Losses
Chapter 3 Test
Cumulative Review: Chapters 1-3
4. Bank Services
4.1 Checking Accounts and Check Registers
Case Study: Jackson and Perkins
4.2 Checking Services and Credit-Card Transactions
4.3 Bank Statement Reconciliation
Chapter 4 Quick Review
Chapter Terms
Summary Exercise: The Banking Activities of a Retailer
Chapter 4 Test
5. Payroll
5.1 Gross Earnings: Wages and Salaries
5.2 Gross Earnings: Piecework and Commissions
5.3 Social Security, Medicare, and Other Taxes
5.4 Income Tax Withholding
Case Study: Social Security Administration
Chapter 5 Quick Review
Chapter Terms
Summary Exercise: Payroll: Finding Your Take-Home Pay
Chapter 5 Test
6. Mathematics of Buying
6.1 Invoices and Trade Discounts
6.2 Series Discounts and Single Discount Equivalents
6.3 Cash Discounts: Ordinary Dating Method
Case Study: George Foreman
6.4 Cash Discounts: Other Dating Methods
Chapter 6 Quick Review
Chapter Terms
Summary Exercise: The Retailer: Invoices,
Trade Discounts, and Cash Discounts
Chapter 6 Test
7. Mathematics of Selling
7.1 Markup on Cost
7.2 Markup on Selling Price
Supplementary Application Exercises on Markup
7.3 Markdown
7.4 Turnover and Valuation of Inventory
Chapter 7 Quick Review
Chapter Terms
Summary Exercise: Markdown: Reducing Prices to Move Merchandise
Case Study: REI
Chapter 7 Test
Cumulative Review: Chapters 4-7
8. Simple Interest
8.1 Basics of Simple Interest
8.2 Finding Principal, Rate, and Time
8.3 Simple Discount Notes
8.4 Discounting a Note Before Maturity
Case Study: General Motors
Supplementary Application Exercises on Simple Interest and Simple Discount
Chapter 8 Quick Review
Chapter Terms
Summary Exercise: Banking in a Global World:
How Do Large Banks Make Money?
Chapter 8 Test
9. Compound Interest
9.1 Compound Interest
9.2 Interest-Bearing Bank Accounts and Inflation
Case Study: Bank of America
9.3 Present Value and Future Value
Chapter 9 Quick Review
Chapter Terms
Summary Exercise: Valuing a Chain of McDonald's Restaurants
Chapter 9 Test
Cumulative Review: Chapters 8 and 9
10. Annuities, Stocks, and Bonds
10.1 Annuities and Retirement Accounts
10.2 Present Value of an Ordinary Annuity
10.3 Sinking Funds (Finding Annuity Payments)
Supplementary Application Exercises on Annuities and Sinking Funds
10.4 Stocks
Case Study: American River College
10.5 Bonds
Chapter 10 Quick Review
Chapter Terms
Summary Exercise: Planning for Retirement
Chapter 10 Test
11. Business and Consumer Loans
11.1 Open-End Credit and Charge Cards
11.2 Installment Loans
11.3 Early Payoffs of Loans
11.4 Personal Property Loans
11.5 Real Estate Loans
Chapter 11 Quick Review
Chapter Terms
Summary Exercise: Consolidating Loans
Case Study: Citigroup
Chapter 11 Test
Cumulative Review: Chapters 10 and 11
12. Taxes and Insurance
12.1 Property Tax
12.2 Personal Income Tax
12.3 Fire Insurance
12.4 Motor Vehicle Insurance
12.5 Life Insurance
Case Study: Mattel
Chapter 12 Quick Review
Chapter Terms
Summary Exercise: Financial Planning for Taxes and Insurance
Chapter 12 Test
13. Depreciation
13.1 Depreciation: Straight-Line Method
13.2 Depreciation: Declining-Balance Method
13.3 Depreciation: Sum-of-the-Years'-Digits Method
Supplementary Application Exercises on Depreciation
13.4 Depreciation: Units-of-Production Method
Case Study: Ford Motor Company
13.5 Depreciation: Modified Accelerated Cost Recovery System
Chapter 13 Quick Review
Chapter Terms
Summary Exercise: Comparing Depreciation Methods: A Business Application
Chapter 13 Test
14. Financial Statements and Ratios
14.1 The Income Statement
14.2 Analyzing the Income Statement
14.3 The Balance Sheet
14.4 Analyzing the Balance Sheet
Chapter 14 Quick Review
Chapter Terms
Summary Exercise: Owning Your Own Business
Case Study: The Hershey Company
Chapter 14 Test
15. Business Statistics
15.1 Frequency Distributions and Graphs
15.2 Mean, Median, and Mode
Chapter 15 Quick Review
Chapter Terms
Summary Exercise: Watching the Growth of a Small Business
Case Study: Bobby Flay
Chapter 15 Test
CHAPTER 15
CHAPTER 14
Appendices
A. Equations and Formula Review
A.1 Equations
A.2 Business Applications of Equations
A.3 Business Formulas
A.4 Ratio and Proportion
B. The Metric System
C. Basic Calculators
D. Financial Calculators
Answers to Selected Exercises
Glossary
Index
Introduction for Students
Pretest in Business Mathematics
Index of Applications
1. Whole Numbers and Decimals
1.1 Whole Numbers
1.2 Application Problems
1.3 Basics of Decimals
1.4 Addition and Subtraction of Decimals
1.5 Multiplication and Division of Decimals
Case Study: Subway
Chapter 1 Quick Review
Chapter Terms
Summary Exercise: The Toll of Wedding Bells
Chapter 1 Test
2. Fractions
2.1 Basics of Fractions
Case Study: Home Depot
2.2 Addition and Subtraction of Fractions
2.3 Addition and Subtraction of Mixed Numbers
2.4 Multiplication and Division of Fractions
2.5 Converting Decimals to Fractions and Fractions to Decimals
Chapter 2 Quick Review
Chapter Terms
Summary Exercise: Using Fractions with Statistics
Chapter 2 Test
3. Percent
3.1 Writing Decimals and Fractions as Percents
3.2 Finding Part
3.3 Finding Base
Supplementary Application Exercises on Base and Part
3.4 Finding Rate
Supplementary Application Exercises on Base, Rate, and Part
3.5 Increase and Decrease Problems
Case Study: Century 21
Chapter 3 Quick Review
Chapter Terms
Summary Exercise: Investment Gains and Losses
Chapter 3 Test
Cumulative Review: Chapters 1-3
4. Bank Services
4.1 Checking Accounts and Check Registers
Case Study: Jackson and Perkins
4.2 Checking Services and Credit-Card Transactions
4.3 Bank Statement Reconciliation
Chapter 4 Quick Review
Chapter Terms
Summary Exercise: The Banking Activities of a Retailer
Chapter 4 Test
5. Payroll
5.1 Gross Earnings: Wages and Salaries
5.2 Gross Earnings: Piecework and Commissions
5.3 Social Security, Medicare, and Other Taxes
5.4 Income Tax Withholding
Case Study: Social Security Administration
Chapter 5 Quick Review
Chapter Terms
Summary Exercise: Payroll: Finding Your Take-Home Pay
Chapter 5 Test
6. Mathematics of Buying
6.1 Invoices and Trade Discounts
6.2 Series Discounts and Single Discount Equivalents
6.3 Cash Discounts: Ordinary Dating Method
Case Study: George Foreman
6.4 Cash Discounts: Other Dating Methods
Chapter 6 Quick Review
Chapter Terms
Summary Exercise: The Retailer: Invoices,
Trade Discounts, and Cash Discounts
Chapter 6 Test
7. Mathematics of Selling
7.1 Markup on Cost
7.2 Markup on Selling Price
Supplementary Application Exercises on Markup
7.3 Markdown
7.4 Turnover and Valuation of Inventory
Chapter 7 Quick Review
Chapter Terms
Summary Exercise: Markdown: Reducing Prices to Move Merchandise
Case Study: REI
Chapter 7 Test
Cumulative Review: Chapters 4-7
8. Simple Interest
8.1 Basics of Simple Interest
8.2 Finding Principal, Rate, and Time
8.3 Simple Discount Notes
8.4 Discounting a Note Before Maturity
Case Study: General Motors
Supplementary Application Exercises on Simple Interest and Simple Discount
Chapter 8 Quick Review
Chapter Terms
Summary Exercise: Banking in a Global World:
How Do Large Banks Make Money?
Chapter 8 Test
9. Compound Interest
9.1 Compound Interest
9.2 Interest-Bearing Bank Accounts and Inflation
Case Study: Bank of America
9.3 Present Value and Future Value
Chapter 9 Quick Review
Chapter Terms
Summary Exercise: Valuing a Chain of McDonald's Restaurants
Chapter 9 Test
Cumulative Review: Chapters 8 and 9
10. Annuities, Stocks, and Bonds
10.1 Annuities and Retirement Accounts
10.2 Present Value of an Ordinary Annuity
10.3 Sinking Funds (Finding Annuity Payments)
Supplementary Application Exercises on Annuities and Sinking Funds
10.4 Stocks
Case Study: American River College
10.5 Bonds
Chapter 10 Quick Review
Chapter Terms
Summary Exercise: Planning for Retirement
Chapter 10 Test
11. Business and Consumer Loans
11.1 Open-End Credit and Charge Cards
11.2 Installment Loans
11.3 Early Payoffs of Loans
11.4 Personal Property Loans
11.5 Real Estate Loans
Chapter 11 Quick Review
Chapter Terms
Summary Exercise: Consolidating Loans
Case Study: Citigroup
Chapter 11 Test
Cumulative Review: Chapters 10 and 11
12. Taxes and Insurance
12.1 Property Tax
12.2 Personal Income Tax
12.3 Fire Insurance
12.4 Motor Vehicle Insurance
12.5 Life Insurance
Case Study: Mattel
Chapter 12 Quick Review
Chapter Terms
Summary Exercise: Financial Planning for Taxes and Insurance
Chapter 12 Test
13. Depreciation
13.1 Depreciation: Straight-Line Method
13.2 Depreciation: Declining-Balance Method
13.3 Depreciation: Sum-of-the-Years'-Digits Method
Supplementary Application Exercises on Depreciation
13.4 Depreciation: Units-of-Production Method
Case Study: Ford Motor Company
13.5 Depreciation: Modified Accelerated Cost Recovery System
Chapter 13 Quick Review
Chapter Terms
Summary Exercise: Comparing Depreciation Methods: A Business Application
Chapter 13 Test
14. Financial Statements and Ratios
14.1 The Income Statement
14.2 Analyzing the Income Statement
14.3 The Balance Sheet
14.4 Analyzing the Balance Sheet
Chapter 14 Quick Review
Chapter Terms
Summary Exercise: Owning Your Own Business
Case Study: The Hershey Company
Chapter 14 Test
15. Business Statistics
15.1 Frequency Distributions and Graphs
15.2 Mean, Median, and Mode
Chapter 15 Quick Review
Chapter Terms
Summary Exercise: Watching the Growth of a Small Business
Case Study: Bobby Flay
Chapter 15 Test
CHAPTER 15
CHAPTER 14
Appendices
A. Equations and Formula Review
A.1 Equations
A.2 Business Applications of Equations
A.3 Business Formulas
A.4 Ratio and Proportion
B. The Metric System
C. Basic Calculators
D. Financial Calculators
Answers to Selected Exercises
Glossary
Index