[Book Cover]

Business Math, 5/e

Cheryl Cleaves, State Technical Institute at Memphis
Margie Hobbs, University of Mississippi

Published June, 1998 by Prentice Hall Career & Technology

Copyright 1999, 724 pp.
ISBN 0-13-787763-3

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A core text for Business Math, Consumer Math, and Personal Finance (arithmetic-based) courses at the undergraduate level. This topseller continues to offer a comprehensive and effective demonstration of mathematical basic concepts through extensive use of business examples taken from real-world applications in such areas as banking, the hotel/motel industry, retail, and real estate. Strengthening and refining coverage throughout, it encompasses all areas of business mathematics—beginning with skill-building sections on whole numbers and decimals; guiding students through fractions, percents, statistics, and equations; then easing them into the specifics of business-related mathematics applications with discussions on payroll, discounts, markup/markdown, interest, credit and more. Direct, friendly, and visually appealing, it keeps both the teacher and students in mind at all times, offering an adaptable self-instructional or teacher-directed format, and myriad motivational tools to stimulate interest and deepen understanding. Perfect for instructors who want to incorporate the teaching of AMATYC and NCTM standards—numerous pedagogical features correlate specifically to these standards.


NEW—Reorganized opening chapters—Presents a more logical flow and smoother transition from basic mathematics skills to actual business practices.

  • Helps students fully comprehend the basic mathematics skills used in the field (Ch. 1-4), and arms them with the knowledge they will need to organize and analyze data effectively, and to be successful in the course.
NEW—Refined, expanded and improved material within each chapter —Enhances the bank records reconciliation procedure by adding a form that guides students through the process (Ch. 5); reflects current laws and IRS requirements (Ch. 6); and increases emphasis on the interest earned or paid for annuities and sinking funds, rather than just the accumulated amounts involved (Ch. 11).
  • Provides students with the most practical information and applications possible, keeping students interested and the course relevant.
NEW—Around the Business World—End-of-chapter feature section.
  • Stimulates students' interest on a variety of business topics; acts as a catalyst for initiating class discussion on complex business issues; encourages collaborative work among students, motivates further research; and answers that often-heard question “Where will I ever use this mathematics?”
NEW—Concepts Analysis Exercises— Integrated throughout each chapter.
  • Prompts students to focus on the “why” and “where” associated with the mathematical concept by encouraging them to think and formalize their understanding of a concept and connect it with actual practice; error analysis is included in some of the exercises to help students gain a more thorough understanding. Helps students suceed in the course and better retain the material by giving the math a context.
NEW—Words to Know—Provides a chronological list of terms; found at the end of each chapter overview.
  • Gives students a quick and easy reference of key chapter words and terminology.
NEW—More Tips and Traps boxes— Now with their own title for easy reference.
  • Puts time-saving tips and common pitfall warnings at students' fingertips, making the book an even better study tool.
NEW—Bold type formulas—Sets formulas in bold type within the formula boxes.
  • Allows students to locate formulas quickly, making the book an easy-to-use reference.
NEW—Improved pedagogical use of color.
  • Enables students to follow particular numbers through several complex calculations, enhancing their understanding.
Applied concepts—Correlates concepts covered with true-to-life experiences students may encounter in the business world and as consumers.
  • Heightens students' learning experience by making the material relevant.
“Good Decisions through Teamwork”—Emphasizing the usefulness of mathematics in business, these integrated chapter segments provide a framework for collaborative learning projects.
  • Shows students how to cultivate teamwork/team building skills, communication skills, and their ability to make connections between business mathematics and other disciplines.
Calculator Solutions boxes—Shows how to set up and solve problems using a calculator.
  • Expands upon topics, encourages student involvement, and helps make even complex concepts interesting and accessible. Saves valuable class time by including calculator basics in the book.
“The Decision Key” approach to problem solving—Offers a systematic, structured method that breaks down procedures, rules and formulas into understandable components.
  • Alleviates common “math anxiety” by helping students develop critical thinking and decision-making skills as they formulate a logical “plan of attack” for math problems.
A complete ancillary package.
  • Maximizes teacher effectiveness and student understanding while minimizing the time required by teachers for class preparation.

Table of Contents
(NOTE: Each chapter concludes with an “Around the Business World” section, Assignment Exercises, a Concepts Analysis, an Overview and Words to Know, a Practice Test, and Self-Check Solutions.)
    1. Problem Solving with Whole Numbers and Decimals.

      Problem Solving with Whole Numbers. Problem Solving with Decimals. Problem Solving using Proportions.

    2. Problem Solving with Fractions and Percents.

      Problem Solving with Fractions. Problem Solving with Percents.

    3. Problem Solving with Formulas and Equations.

      Formulas. Equations. Using Equations to Solve Problems.

    4. Statistics, Tables, and Graphs.

      Statistics. Tables and Graphs.

    5. Bank Records.

      Checking Account Forms. Bank Statements.

    6. Payroll.

      Gross Pay. Payroll Deductions. The Employer's Payroll Taxes.

    7. Trade and Cash Discounts.

      Net Price and the Trade Discount. Net Price and the Trade Discount Series. Net Amount and the Cash Discount.

    8. Markup and Markdown.

      Markup. Markdown. Markup and Markdown Series.

    9. Simple Interest and Simple Discount.

      The Simple Interest Formula. Ordinary and Exact Time and Interest. Promissory Notes.

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

      Compound Interest Future Value. Present Value.

    11. Annuities and Sinking Funds.

      Future Value of an Annuity. Sinking Funds and the Present Value of an Annuity.

    12. Consumer Credit.

      Installment Loans. Paying a Loan Before It is Due: The Rule of 78. Open-End Credit. Annual Percentage Rates. Home Mortgages.

    13. Depreciation.

      Straight-Line Method of Depreciation. Units-of-Production Method of Depreciation. Sum-of-the-Years'-Digits Method of Depreciation. Declining Balance Method of Depreciation. Cost-Recovery Depreciation Systems. Section 179 Deductions.

    14. Inventory, Turnover, and Overhead.

      Inventory. Turnover and Overhead.

    15. Financial Statements.

      The Balance Sheet. Income Statements. Financial Statement Ratios.

    16. Insurance.

      Fire Insurance. Motor Vehicle Insurance. Life Insurance.

    17. Taxes.

      Sales Taxes. Property Tax. Income Taxes.

    18. Stocks and Bonds.

      Stocks. Bonds.

    Answers to Odd-Numbered Problems.


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