Business Math, 11th edition

Published by Pearson (January 4, 2017) © 2018

  • Cheryl Cleaves Southwest Tennessee Community College , State Technical Institute at Memphis
  • Margie Hobbs University of Mississippi
  • Jeffrey Noble MBA, Madison College

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This print textbook is available for students to rent for their classes. The Pearson print rental program provides students with affordable access to learning materials, so they come to class ready to succeed.

For courses in business mathematics, personal finance, or small business management.

Empowers your students to manage personal finances

Business Math is a practical and thorough guide for students and small business owners to learn how to manage personal and business finances. The book was written on the premise that everyone needs to understand how to manage money, offering a rare deep dive into topics not always taught in class. A conversational tone, real world examples, and case studies keep complicated topics understandable and engaging.

The 11th Edition starts off by reviewing basic math. It then dives into topics relevant for any career such as mortgages, banking, interest, consumer credit, and more. It also touches on important topics for business owners including payroll, markup, markdown, trade discounts, business statistics and more, as well as topics for those close to business recordkeeping like government agencies, lending agencies, depreciation, inventory and financial statements.

Also available with MyLabMath.

MyLab™ Math is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them absorb course material and understand difficult concepts.

Students, if interested in purchasing this title with MyLab Math, ask your instructor for the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information.

  • An updated video program walks students through the concepts from every section of the text in a fresh, modern presentation format, to give students support when they need it - at home, in the lab, or on the go.
  • Interactive Exercises are programmed to allow students unlimited practice and include learning aids that offer helpful feedback to help students master the material. In this revision, exercises have been expanded and refined using analyzed aggregated student usage and performance data.
  • The quality and quantity of MathXL exercises have been refined using analyzed aggregated student usage and performance data.
    • Over 1,000 new business concept questions have been added to MathXL homework.
  • Excel templates allow students to work through specific exercises in the end-of-chapter Exercise Sets and Challenge Problems, and they are designed to be usable for many other problems in the book which may use similar formulas or tables. These exercises are marked with an EXCEL icon in the text and there are at least two per chapter.  
  • Learning Catalytics™ helps generate class discussion, customize lectures, and promote peer-to-peer learning with real-time analytics. As a student response tool, Learning Catalytics uses students’ smartphones, tablets, or laptops to engage them in more interactive tasks and thinking.
    • NEW! Upload a full PowerPoint® deck for easy creation of slide questions.
    • NEW! Team names are no longer case sensitive.
    • NEW!  Questions for classroom use have been added to the beginning of every section.
    • Help your students develop critical thinking skills.
    • Monitor responses to find out where your students are struggling.
    • Rely on real-time data to adjust your teaching strategy.
    • Automatically group students for discussion, teamwork, and peer-to-peer learning.

NEW! A focus on facilitating learning

  • NEW! Examples have been mapped to Stop and Check Exercises and Section Exercises.
  • NEW! Learning Catalytics Questions have been added to the beginning of every section.
  • UPDATED! Excel Templates have been greatly expanded on in every chapter to facilitate technology into calculations.

NEW! New trends and laws have been incorporated into the book

  • NEW! The Banking chapter covers current trends electronic banking.
  • NEW! The Payroll, Consumer Credit, and Taxes chapters include new laws and procedures.
  • NEW! Investment and Insurance topics reflect recent changes in the marketplace.
  • NEW! Global Marketplace Notes have been added to increase awareness of the global economy.

UPDATED! The text reflects topics relevant to the real world

  • UPDATED! Exercises and examples have been updated to reflect current products and prices.
  • NEW! And UPDATED! Chapter openers and case studies have been added and updated to reflect relevant data.
  • UPDATED! IRS and Interest Rate information has been updated to reflect current figures.

Time-tested pedagogy aids student learning

  • Learning Outcomes are outlined at the beginning of each chapter and reviewed in the summary to keep students focused on important concepts.
  • How To feature takes students through the steps to solve different business applications.
  • Key Terms are highlighted in bold in the text and defined in the margins.
  • Stop and Check exercises give students practice so they can master every outcome. Exercises are coded to Examples and solutions are found in the appendix at the end of the text.
  • Tip and Did You Know? boxes give students alternate strategies for solving problems, point out common mistakes to avoid, and teach students how to use calculators.
  • Examples show all the steps and use annotations and color to highlight the concepts.
  • Skill Builders and Applications help students first master basic concepts and then apply them.
  • Five-Step Problem Solving Strategy gives students an efficient and effective approach to problem solving and a strategy for good decision making.
  • Summary at the end of each chapter are mini study-reviews with learning outcomes and step-by-step instructions and examples.
  • Exercise Set provides students with ample space to show their work.
  • Practice Test gives students a chance to gauge their knowledge of the chapter material and see where they need to review.
  • Critical Thinking questions ask students to apply their knowledge to more complex questions and build their decision-making skills.
  • Case Studies promote collaborative and conceptual learning with real-world project problems.

Also available with MyLab Math.

MyLab™ Math  is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them absorb course material and understand difficult concepts.

  • An updated video program walks students through the concepts from every section of the text in a fresh, modern presentation format, to give students support when they need it - at home, in the lab, or on the go.
  • The quality and quantity of MathXL exercises have been refined using analyzed aggregated student usage and performance data.
    • Over 1,000 new business concept questions have been added to MathXL homework.
  • Learning Catalytics™ helps generate class discussion, customize lectures, and promote peer-to-peer learning with real-time analytics. As a student response tool, Learning Catalytics uses students’ smartphones, tablets, or laptops to engage them in more interactive tasks and thinking.
    • NEW! Upload a full PowerPoint® deck for easy creation of slide questions.
    • NEW! Team names are no longer case sensitive.
    • NEW!  Questions for classroom use have been added to the beginning of every section.
    • Help your students develop critical thinking skills.
    • Monitor responses to find out where your students are struggling.
    • Rely on real-time data to adjust your teaching strategy.
    • Automatically group students for discussion, teamwork, and peer-to-peer learning.

A focus on facilitating learning

  • Examples have been mapped to Stop and Check Exercises and Section Exercises.
  • Learning Catalytics Questions have been added to the beginning of every section.
  • UPDATED! Excel Templates have been greatly expanded on in every chapter to facilitate technology into calculations.

New trends and laws have been incorporated into the book

  • The Banking chapter covers current trends electronic banking.
  • The Payroll, Consumer Credit, and Taxes chapters include new laws and procedures.
  • Investment and Insurance topics reflect recent changes in the marketplace.
  • Global Marketplace Notes have been added to increase awareness of the global economy.

UPDATED! The text reflects topics relevant to the real world

  • UPDATED! Exercises and examples have been updated to reflect current products and prices.
  • NEW And UPDATED! Chapter openers and case studies have been added and updated to reflect relevant data.
  • UPDATED! IRS and Interest Rate information has been updated to reflect current figures.

Also available with MyLab Math.

MyLab™ Math is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them absorb course material and understand difficult concepts.

Table of Contents

  1. Review of Whole Numbers and Integers
    • 1-1 Place Value and Our Number System
    • 1-2 Operations with Whole Numbers and Integers
  2. Review of Fractions
    • 2-1 Fractions
    • 2-2 Adding and Subtracting Fractions
    • 2-3 Multiplying and Dividing Fractions
  3. Decimals
    • 3-1 Decimals and the Place Value System
    • 3-2 Operations with Decimals
    • 3-3 Decimal and Fraction Conversions
  4. Banking
    • 4-1 Checking Account Transactions
    • 4-2 Bank Statements
  5. Equations
    • 5-1 Equations
    • 5-2 Using Equations to Solve Problems
    • 5-3 Formulas
  6. Percents
    • 6-1 Percent Equivalents
    • 6-2 Solving Percentage Problems
    • 6-3 Increases and Decreases
  7. Business Statistics
    • 7-1 Graphs and Charts
    • 7-2 Measures of Central Tendency
    • 7-3 Measures of Dispersion
  8. Trade and Cash Discounts
    • 8-1 Single Trade Discounts
    • 8-2 Trade Discount Series
    • 8-3 Cash Discounts and Sales Terms
  9. Markup and Markdown
    • 9-1 Markup Based on Cost
    • 9-2 Markup Based on Selling Price and Markup Comparisons
    • 9-3 Markdown, Series of Markdowns, and Perishables
  10. Payroll
    • 10-1 Gross Pay
    • 10-2 Payroll Deductions
    • 10-3 The Employer’s Payroll Taxes
  11. Simple Interest and Simple Discount
    • 11-1 The Simple Interest Formula
    • 11-2 Ordinary and Exact Interest
    • 11-3 Promissory Notes
  12. Consumer Credit
    • 12-1 Installment Loans and Closed-End Credit
    • 12-2 Paying a Loan Before It Is Due: The Rule of 78
    • 12-3 Open-End Credit
  13. Compound Interest, Future Value, and Present Value
    • 13-1 Compound Interest and Future Value
    • 13-2 Present Value
  14. Annuities and Sinking Funds
    • 14-1 Future Value of an Annuity
    • 14-2 Sinking Funds and Present Value of an Annuity
  15. Building Wealth Through Investments
    • 15-1 Stocks
    • 15-2 Bonds
    • 15-3 Mutual Funds
  16. Mortgages
    • 16-1 Mortgage Payments
    • 16-2 Amortization Schedules and Qualifying Ratios
  17. Depreciation
    • 17-1 Depreciation Methods for Financial Statement Reporting
    • 17-2 Depreciation Methods for IRS Reporting
  18. Inventory
    • 18-1 Inventory
    • 18-2 Turnover and Overhead
  19. Insurance
    • 19-1 Life Insurance
    • 19-2 Property Insurance
    • 19-3 Motor Vehicle Insurance
  20. Taxes
    • 20-1 Sales Tax and Excise Tax
    • 20-2 Property Tax
    • 20-3 Income Taxes
  21. Financial Statements
    • 21-1 The Balance Sheet
    • 21-2 Income Statements
    • 21-3 Financial Statement Ratios

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