Practical Business Math Procedures

Cover
Practical Business Math Procedures
Dedication
Note to Students
Acknowledgments
Contents
CHAPTER 1: Whole Numbers: How to Dissect and Solve Word Problems
	LU 1–1 Reading, Writing, and Rounding Whole Numbers
	LU 1–2  Adding and Subtracting Whole Numbers
	LU 1–3  Multiplying and Dividing Whole Numbers
CHAPTER 2: Fractions
	LU 2–1 Types of Fractions and Conversion Procedures
	LU 2–2 Adding and Subtracting Fractions
	LU 2–3 Multiplying and Dividing Fractions
CHAPTER 3: Decimals
	LU 3–1 Rounding Decimals; Fraction and Decimal Conversions
	LU 3–2 Adding, Subtracting, Multiplying, and Dividing Decimals
	Cumulative Review: A Word Problem Approach—Chapters 1–3
CHAPTER 4: Banking
	LU 4–1 The Checking Account
	LU 4–2 Bank Statement and Reconciliation Process; Latest Trends in Mobile Banking
CHAPTER 5: Solving for the Unknown: A How-to Approach for Solving Equations
	LU 5–1 Solving Equations for the Unknown
	LU 5–2 Solving Word Problems for the Unknown
CHAPTER 6: Percents and Their Applications
	LU 6–1 Conversions
	LU 6–2 Application of Percents—Portion Formula
CHAPTER 7: Discounts: Trade and Cash
	LU 7–1 Trade Discounts—Single and Chain (Includes Discussion of Freight)
	LU 7–2 Cash Discounts, Credit Terms, and Partial Payments
CHAPTER 8: Markups and Markdowns: Perishables and Breakeven Analysis
	LU 8–1 Markups Based on Cost (100%)
	LU 8–2 Markups Based on Selling Price (100%)
	LU 8–3 Markdowns and Perishables
	LU 8–4 Breakeven Analysis
	Cumulative Review: A Word Problem Approach—Chapters 6–8
CHAPTER 9: Payroll
	LU 9–1 Calculating Various Types of Employees’ Gross Pay
	LU 9–2 Computing Payroll Deductions for Employees’ Pay; Employers’ Responsibilities
CHAPTER 10: Simple Interest
	LU 10–1 Calculation of Simple Interest and Maturity Value
	LU 10–2 Finding Unknown in Simple Interest Formula
	LU 10–3 U.S. Rule—Making Partial Note Payments before Due Date
CHAPTER 11: Promissory Notes, Simple Discount Notes, and the Discount Process
	LU 11–1 Structure of Promissory Notes; the Simple Discount Note
	LU 11–2 Discounting an Interest-Bearing Note before Maturity
CHAPTER 12: Compound Interest and Present Value
	LU 12–1 Compound Interest (Future Value)—The Big Picture
	LU 12–2 Present Value—The Big Picture
CHAPTER 13: Annuities and Sinking Funds
	LU 13–1 Annuities: Ordinary Annuity and Annuity Due (Find Future Value)
	LU 13–2 Present Value of an Ordinary Annuity (Find Present Value)
	LU 13–3 Sinking Funds (Find Periodic Payments)
	Cumulative Review: A Word Problem Approach—Chapters 10–13
	Time-Value Relationship Appendix
CHAPTER 14: Installment Buying
	LU 14–1 Cost of Installment Buying
	LU 14–2 Revolving Charge Credit Cards
CHAPTER 15: The Cost of Home Ownership
	LU 15–1 Types of Mortgages and the Monthly Mortgage Payment
	LU 15–2 Amortization Schedule—Breaking Down the Monthly Payment
CHAPTER 16: How to Read, Analyze, and Interpret Financial Reports
	LU 16–1 Balance Sheet—Report as of a Particular Date
	LU 16–2 Income Statement—Report for a Specific Period of Time
	LU 16–3 Trend and Ratio Analysis
CHAPTER 17: Depreciation
	LU 17–1 Concept of Depreciation and the Straight-Line Method
	LU 17–2 Units-of-Production Method
	LU 17–3 Declining-Balance Method
	LU 17–4 Modified Accelerated Cost Recovery System (MACRS) with Introduction to ACRS (1986, 1989, 2010, 2017)
CHAPTER 18: Inventory and Overhead
	LU 18–1 Assigning Costs to Ending Inventory—Specific Identification; Weighted Average; FIFO; LIFO
	LU 18–2  Retail Method; Gross Profit Method; Inventory Turnover; Distribution of Overhead
CHAPTER 19: Sales, Excise, and Property Taxes
	LU 19–1 Sales and Excise Taxes
	LU 19–2 Property Tax
CHAPTER 20: Life, Fire, and Auto Insurance
	LU 20–1 Life Insurance
	LU 20–2 Fire Insurance
	LU 20–3 Auto Insurance
CHAPTER 21: Stocks, Bonds, and Mutual Funds
	LU 21–1 Stocks
	LU 21–2 Bonds
	LU 21–3 Mutual Funds
CHAPTER 22: Business Statistics
	LU 22–1 Mean, Median, and Mode
	LU 22–2 Frequency Distributions and Graphs
	LU 22–3 Measures of Dispersion (Optional)
APPENDIX A: Additional Homework by Learning Unit
APPENDIX B: Check Figures
APPENDIX C: Metric System
Glossary/Index