Business Math, Brief w/CD & Study Guide & Tutor Center Access Card Pkg.

1. Whole Numbers.

Place Value and Our Number System.


Read whole numbers. Write whole numbers. Round whole numbers.

Operations with Whole Numbers—Five-Step Problem-Solving Strategy introduced with addition and continued throughout text.


Add whole numbers. Subtract whole numbers. Multiply whole numbers. Divide whole numbers.

2. Fractions.

Fractions.


Identify types of fractions. Convert an improper fraction to a whole or mixed number. Convert a whole or mixed number to an improper fraction. Reduce a fraction to lowest terms. Raise a fraction to higher terms.

Adding and Subtracting Fractions.


Add fractions with like (common) denominators. Find the least common denominator for two or more fractions. Add fractions and mixed numbers. Subtract fractions and mixed numbers.

Multiplying and Dividing Fractions.


Multiply fractions and mixed numbers. Divide fractions and mixed numbers.

3. Decimals.

Decimals and the Place-Value System.


Read and write decimals. Round decimals.

Operations with Decimals.


Add and subtract decimals. Multiply decimals. Divide decimals.

Decimal and Fraction Conversions.


Convert a decimal to a fraction. Convert a fraction to a decimal.

4. Banking.

Checking Account Forms.


Make account transactions. Record account transactions.

Bank Statements.


Reconcile a bank statement with an account register.

5. Equations.

Equations.


Solve equations using multiplication or division. Solve equations using addition or subtraction. Solve equations using more than one operation. Solve equations containing multiple unknown terms. Solve equations containing parentheses. Solve equations that are proportions.

Using Equations to Solve Problems.


Use the problem-solving approach to analyze and solve word problems.

6. Percents.

Percent Equivalents.


Write a whole number, fraction, or decimal as a percent. Write a percent as a whole number, fraction, or decimal.

Solving Percentage Problems.


Identify the rate, base, and portion in percent problems. Use the percentage formula to find the unknown value when two values are known.

Increases and Decreases.


Find the amount of increase or decrease in percent problems. Find the new amount directly in percent problems. Find the rate or the base in increase or decrease problems.

7. Business Statistics.

Measures of Central Tendency.


Find the mean. Find the median. Find the mode.

Frequency Distributions and Graphs.


Make and interpret a frequency distribution. Interpret and draw a bar graph. Interpret and draw a line graph. Interpret and draw a circle graph.

Measures of Dispersion.


Find the range. Find the standard deviation.

8. Trade and Cash Discounts.

Net Price and the Trade Discount.


Find the trade discount using a single trade discount rate; find the net price using the trade discount. Find the net price using the complement of the single trade discount rate.

Net Price and the Trade Discount Series.


Find the net price, applying a trade discount series and using the net decimal equivalent. Find the trade discount, applying a trade discount series and using the single discount equivalent.

Net Amount and the Cash Discount.


Find the cash discount and the net amount using ordinary dating terms. Interpret and apply end-of-month (EOM) terms. Interpret and apply receipt-of-goods (ROG) terms. Find the amount credited and the outstanding balance from partial payments. Interpret freight terms.

9. Markup and Markdown.

Markup Based on Cost.


Find the cost, markup, or selling price when any two of the three are known. Find the percent of markup based on the cost when the cost and selling price are known. Find the selling price when the cost and the percent of markup based on the cost are known. Find the cost when the amount of markup and the percent of markup based on cost are known. Find the cost when the selling price and the percent of markup based on the cost are known.

Markup Based on Selling Price and Markup Comparisons.


Find the amount of markup and the percent of markup based on the selling price when the cost and selling price are known. Find the selling price when the amount of markup and the percent of markup based on the selling price are known. Find the selling price when the cost and the percent of markup based on the selling price are known. Find the cost when the selling price and the percent of markup based on the selling price are known. Compare the markup based on the cost with the markup based on the selling price.

Markdown, Series of Markdowns, and Perishables.


Find the amount of markdown, the reduced (new) price, and the percent of markdown. Find the final selling price for a series of markdowns. Find the selling price for a desired profit on perishable and seasonal goods.

10. Payroll.

Gross Pay.


Find the gross pay per paycheck based on salary. Find the gross pay per weekly paycheck based on hourly wage. Find the gross pay per paycheck based on piecework wage. Find the gross pay per paycheck based on commission.

Payroll Deductions.


Find the federal tax withholding per paycheck using IRS tax tables. Find federal tax withholding per paycheck using the IRS percentage method. Find Social Security tax and Medicare tax per paycheck. Find net earnings per paycheck.

The Employer's Payroll Taxes.


Find an employers total deposit for withholding tax, Social Security tax, and Medicare tax per pay period. Find an employers SUTA tax and FUTA tax due for a quarter.

11. Simple Interest and Simple Discount.

The Simple Interest Formula.


Find simple interest using the simple interest formula. Find the maturity value of a loan. Convert months to a fractional or decimal part of a year. Find the principal, rate, or time using the simple interest formula.

Ordinary and Exact Time and Interest.


Find ordinary and exact time. Find the due date. Find the ordinary interest rate per day and the exact interest rates per day. Find simple interest using a table.

Promissory Notes.


Find the bank discount and proceeds for a simple discount note. Find the third-party discount and proceeds for a third-party discount note.

12. Consumer Credit.

Installment Loans and Closed-End Credit.


Find the amount financed, the installment price, and the finance charge of an installment loan. Find the installment payment of an installment loan. Find the estimated annual percentage rate (APR) using a table.

Paying a Loan Before It Is Due: The Rule of 78.


Find the interest refund using the rule of 78.

Open-End Credit.


Find the finance charge and new balance using the average daily balance method.

13. Compound Interest, Future Value, and Present Value.

Compound Interest and Future Value.


Find the future value by compounding manually. Find the future value using a $1.00 future value table. Find the effective interest rate. Find the interest compounded daily using a table.

Present Value.


Find the present value based on annual compounding for one year. Find the present value using a $1.00 present value trade.

14. Annuities and Sinking Funds.

Future Value of an Annuity.


Find the future value of an ordinary annuity using the simple interest formula method. Find the future value of an ordinary annuity using a $1.00 ordinary annuity future value table. Find the future value of an annuity due using the simple interest formula method. Find the future value of an annuity due using a $1.00 ordinary annuity future value table.

Sinking Funds and the Present Value of an Annuity.


Find the sinking fund payment using a $1.00 sinking fund payment table. Find the present value of an ordinary annuity using a $1.00 ordinary annuity present value table.

15. Mortgages.

Mortgage Payments.


Find the monthly mortgage payment using a table. Find the total interest on a mortgage.

Amortization Schedule.


Prepare a partial amortization schedule of a mortgage.