Business Mathematics, 15th edition

Gary Clendenen
, Kyle Moninger

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Business Mathematics uses relevant issues, real companies and practical scenarios that will help you use math to solve problems in the business world. It will help you develop an understanding of business and work problems more effectively using genuine, relatable business and personal applications. It covers the full spectrum of basic business math, placing every concept in context with relevant examples.

The 15th Edition covers new topics such as student debt and cryptocurrency, extensively updates material on payroll and planning/budgeting, and much more.

ISBN-13: 9780138306144

Subject: Technical, Trade, & Business Mathematics

Category: Business Math

Learning Tips for Students

Business Mathematics Pretest

Index of Applications

1. Whole Numbers and Decimals

1.1 Whole Numbers
1.2 Application Problems
1.3 Decimal Numbers
1.4 Addition and Subtraction of Decimals
1.5 Multiplication and Division of Decimals
Chapter 1 Quick Review
Chapter Terms
Case Study: Cost of Getting Married
Case in Point Summary Exercise: Subway
Chapter 1 Test

2. Fractions

2.1 Fractions
2.2 Addition and Subtraction of Fractions
2.3 Addition and Subtraction of Mixed Numbers
2.4 Multiplication and Division of Fractions
2.5 Converting Decimals to Fractions and Fractions to Decimals
Chapter 2 Quick Review
Chapter Terms
Case Study: Operating Expenses at Woodline Moldings and Trim
Case in Point Summary Exercise: The Home Depot
Chapter 2 Test

3. Percents

3.1 Writing Decimals and Fractions as Percents
3.2 Finding Part
3.3 Finding Base
Supplementary Application Exercises on Base and Part
3.4 Finding Rate
Supplementary Application Exercises on Base, Rate, and Part
3.5 Increase and Decrease Problems
Chapter 3 Quick Review
Chapter Terms
Case Study: Self Employed Retirement Plan
Case in Point Summary Exercise: Century 21
Chapter 3 Test

4. Equations and Formulas

4.1 Solving Equations
4.2 Applications of Equations
4.3 Business Formulas
4.4 Ratio and Proportion
Chapter 4 Quick Review
Chapter Terms
Case Study: Forecasting Sales at Alcorn's Boutique
Case in Point Summary Exercise: General Motors
Chapter 4 Test
Chapters 1 - 4 Cumulative Review

5. Bank Services

5.1 Banking, Checking Accounts, and Check Registers
5.2 Checking Services and Credit-Card Transactions
5.3 Bank Statement Reconciliation
Chapter 5 Quick Review
Chapter Terms
Case Study: Banking Activities of a Retailer
Case in Point Summary Exercise: Jackson & Perkins
Chapter 5 Test

6. Payroll

6.1 Gross Earnings: Wages and Salaries
6.2 Gross Earnings: Piecework and Commissions
6.3 Social Security, Medicare, and Other Taxes
6.4 Income Tax Withholding
Chapter 6 Quick Review
Chapter Terms
Case Study: Payroll: Finding Your Take-Home Pay
Case in Point Summary Exercise: Payroll at Starbucks
Chapter 6 Test

7. Mathematics of Buying

7.1 Invoices and Trade Discounts
7.2 Series Discounts and Single Discount Equivalents
7.3 Cash Discounts: Ordinary Dating Methods
7.4 Cash Discounts: Other Dating Methods
Chapter 7 Quick Review
Chapter Terms
Case Study: George Foreman
Case in Point Summary Exercise: Discounts at Bed Bath & Beyond
Chapter 7 Test

8. Mathematics of Selling

8.1 Markup on Cost
8.2 Markup on Selling Price
Supplementary Application Exercises on Markup
8.3 Markdown
8.4 Turnover and Valuation of Inventory
Chapter 8 Quick Review
Chapter Terms
Case Study: Markdown: Reducing Prices to Move Merchandise
Case in Point Summary Exercise: Recreational Equipment Inc. (REI)
Chapter 8 Test
Chapters 5 - 8 Cumulative Review

9. Simple Interest

9.1 Basics of Simple Interest
9.2 Finding Principal, Rate, and Time
9.3 Simple Discount Notes
9.4 Discounting a Note Before Maturity
Supplementary Application Exercises on Simple Interest and Simple Discount
Chapter 9 Quick Review
Chapter Terms
Case Study: Banking in a Global World: How Do Large Banks Make Money?
Case in Point Summary Exercise: Apple, Inc.
Chapter 9 Test

10. Compound Interest and Inflation

10.1 Compound Interest
10.2 Interest-Bearing Bank Accounts and Inflation
10.3 Present Value and Future Value
Chapter 10 Quick Review
Chapter Terms
Case Study: Valuing a Chain of McDonald's Restaurants
Case in Point Summary Exercise: Bank of America
Chapter 10 Test
Chapters 9 - 10 Cumulative Review

11. Annuities, Stocks, and Bonds

11.1 Annuities and Retirement Accounts
11.2 Present Value of an Ordinary Annuity
11.3 Sinking Funds (Finding Annuity Payments)
Supplementary Application Exercises on Annuities and Sinking Funds
11.4 Stocks, Mutual Funds, and Cryptocurrencies
11.5 Bonds
Chapter 11 Quick Review
Chapter Terms
Case Study: Financial Planning
Case in Point Summary Exercise
Chapter 11 Test

12. Business and Consumer Loans

12.1 Open-End Credit and Charge Cards
12.2 Installment Loans
12.3 Early Payoffs of Loans
12.4 Personal Property Loans
12.5 Real Estate Loans
12.6 Cost of College and Student Loans
Chapter 12 Quick Review
Chapter Terms
Case Study: Consolidating Loans
Case in Point Summary Exercise: Underwater on a Home
Chapter 12 Test
Chapters 11 - 12 Cumulative Review

13. Taxes and Insurance

13.1 Property Tax
13.2 Personal Income Tax
13.3 Fire Insurance
13.4 Motor-Vehicle Insurance
13.5 Life Insurance
Chapter 13 Quick Review
Chapter Terms
Case Study: Financial Planning for Property Taxes and Insurance
Case in Point Summary Exercise: Mattel Inc.: Taxes and Insurance
Chapter 13 Test

14. Depreciation

14.1 Straight-Line Method
14.2 Declining-Balance Method
14.3 Sum-of-the-Years'-Digits Method
Supplementary Application Exercises on Depreciation
14.4 Units-of-Production Method
14.5 Modified Accelerated Cost Recovery System
Chapter 14 Quick Review
Chapter Terms
Case Study: Comparing Depreciation Methods
Case in Point Summary Exercise: Ford Motor Company
Chapter 14 Test

15. Financial Statements and Ratios

15.1 The Income Statement
15.2 Analyzing the Income Statement
15.3 The Balance Sheet
15.4 Analyzing the Balance Sheet
Chapter 15 Quick Review
Chapter Terms
Case Study: Bicycle Shop
Case in Point Summary Exercise: Apple, Inc.
Chapter 15 Test

16. Budgeting and Business Statistics

16.1 Planning and Budgeting
16.2 Frequency Distributions and Graphs
16.3 Mean, Median, and Mode
Chapter 16 Quick Review
Chapter Terms
Case Study: Watching a Small Business Grow
Case in Point Summary Exercise: Bobby Flay
Chapter 16 Test

Appendices

A: The Metric System
B: Basic Calculators
C: Financial Calculators
D: Exponents and the Order of Operations
E: Graphing Equations

Answers to Selected Exercises

Glossary

Index

Photo Credits