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.
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Business Math - Arithmetic Based-Business Math & Accounting
Business Math (arithmetic level)-Mathematics
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
mathematicsbeginning 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 standardsnumerous pedagogical features correlate specifically
to these standards.
NEWReorganized opening chaptersPresents
a more logical flow and smoother transition from basic mathematics
skills to actual business practices.
NEWRefined, 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).
- 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.
NEWAround the Business WorldEnd-of-chapter
- Provides students with the most practical information
and applications possible, keeping students interested and the course
NEWConcepts Analysis Exercises
Integrated throughout each chapter.
- 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?
NEWWords to KnowProvides a chronological
list of terms; found at the end of each chapter overview.
- 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.
NEWMore Tips and Traps boxes Now
with their own title for easy reference.
- Gives students a quick and easy reference of key chapter
words and terminology.
NEWBold type formulasSets formulas
in bold type within the formula boxes.
- Puts time-saving tips and common pitfall warnings at
students' fingertips, making the book an even better study tool.
NEWImproved pedagogical use of color.
- Allows students to locate formulas quickly, making the
book an easy-to-use reference.
Applied conceptsCorrelates concepts covered with
true-to-life experiences students may encounter in the business world
and as consumers.
- Enables students to follow particular numbers through
several complex calculations, enhancing their understanding.
Good Decisions through TeamworkEmphasizing
the usefulness of mathematics in business, these integrated chapter
segments provide a framework for collaborative learning projects.
- Heightens students' learning experience by making the
Calculator Solutions boxesShows how to set
up and solve problems using a calculator.
- Shows students how to cultivate teamwork/team building
skills, communication skills, and their ability to make connections
between business mathematics and other disciplines.
The Decision Key approach to problem solvingOffers
a systematic, structured method that breaks down procedures, rules
and formulas into understandable components.
- 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.
A complete ancillary package.
- 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.
- Maximizes teacher effectiveness and student understanding
while minimizing the time required by teachers for class preparation.
(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.
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.
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
Fire Insurance. Motor Vehicle Insurance. Life Insurance.
Sales Taxes. Property Tax. Income Taxes.
18. Stocks and Bonds.
Answers to Odd-Numbered Problems.