Mathematics for Business

Table of Contents:

(Each chapter is followed by a Quick Review of terms, Chapter Concepts, Review Exercises, a Summary Exercise, and a `Net Assets exercise.)

 

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

 

2. Equations and Formulas

2.1 Solving Equations

2.2 Applications of Equations

2.3 Formulas

2.4 Ratios and Proportions

 

3. Percent

3.1 Writing Decimals and Fractions as Percents

3.2 Finding the Part

3.3 Finding the Base

3.4 Supplementary Exercise: Base and Part

3.5 Finding the Rate

3.6 Supplementary Exercise: Rate, Base, and Part

3.7 Increase and Decrease Problems

Cumulative Review, Chapters 1-3

 

PART II. BASIC BUSINESS APPLICATIONS

 

4. Banking Services

4.1 Checking Accounts and Check Registers

4.2 Checking Services and Depositing Credit Card Transactions

4.3 Reconciliation

 

5. Payroll

5.1 Gross Earnings (Wages and Salaries)

5.2 Gross Earnings (Commission)

5.3 Gross Earnings (Piecework)

5.4 Social Security, Medicare, and Other Taxes

5.5 Income Tax Withholding

5.6 Payroll Records and Quarterly Returns

 

6. Taxes

6.1 Sales Tax

6.2 Property Tax

6.3 Personal Income Tax

 

7. Risk Management

7.1 Business Insurance

7.2 Motor Vehicle Insurance

7.3 Life Insurance

Cumulative Review, Chapters 4-7

 

PART III. MATHEMATICS OF RETAILING

 

8. Mathematics of Buying

8.1 Invoices and Trade Discounts

8.2 Single Discount Equivalents

8.3 Cash Discounts: Ordinary Dating Method

8.4 Cash Discounts: Other Dating Methods

 

9. Markup

9.1 Markup on Cost

9.2 Markup on Selling Price

9.3 Markup with Spoilage

 

10. Markdown and Inventory Control

10.1 Markdown

10.2 Average Inventory and Inventory Turnover

10.3 Valuation of Inventory

Cumulative Review, Chapters 8-10

 

PART IV. MATHEMATICS OF FINANCE

 

11. Simple Interest

11.1 Basics of Simple Interest

11.2 Simple Interest for a Given Number of Days

11.3 Maturity Value

11.4 Inflation and the Time Value of Money

 

12. Notes and Bank Discount

12.1 Simple Interest Notes

12.2 Simple Discount Notes

12.3 Comparing Simple Interest and Simple Discount

12.4 Discounting a Note.

 

13. Compound Interest

13.1 Compound Interest

13.2 Daily and Continuous Compounding

13.3 Finding Time and Rate

13.4 Present Value at Compound Interest

 

14. Annuities and Sinking Funds

14.1 Amount of an Annuity

14.2 Present Value of an Annuity

14.3 Sinking Funds

 

15. Business and Consumer Loans

15.1 Open-End Credit

15.2 Installment Loans

15.3 Early Payoffs of Loans

15.4 Personal Property Loans

15.5 Real Estate Loans

Cumulative Review, Chapters 11-15

 

PART V. ACCOUNTING AND OTHER APPLICATIONS

 

16. Depreciation

16.1 Straight-Line Method

16.2 Declining-Balance Method

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

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

16.5 Modified Accelerated Cost Recovery System

 

17. Financial Statements and Ratios

17.1 The Income Statement

17.2 Analyzing the Income Statement

17.3 The Balance Sheet

17.4 Analyzing the Balance Sheet; Financial Ratios

 

18. Securities and Distribution of Profit and Overhead

18.1 Distribution of Profits in a Corporation

18.2 Buying Stock

18.3 Bonds

18.4 Distribution of Profits and Losses in a Partnership

18.5 Distribution of Overhead

 

19. Business Statistics

19.1 Frequency Distributions and Graphs

19.2 The Mean

19.3 The Median and the Mode

19.4 Range and Standard Deviation

19.5 Index Numbers

Cumulative Review, Chapters 16-19

 

Appendix A: Calculator Basics

Scientific Calculators

Financial Calculators

Appendix B: The Metric System

Appendix C: Powers of e

Appendix D: Interest Tables

 

Answers to Selected Exercises

 

Glossary

 

Index