Practical Business Math Procedures, Thirteenth Edition
By Jeffrey Slater and Sharon M. Wittry
Contents:
Note to Students vi
CHAPTER 1 Whole Numbers: How to Dissect and Solve Word Problems 2
LU 1–1 Reading, Writing, and Rounding Whole Numbers 4
LU 1–2 Adding and Subtracting Whole Numbers 9
LU 1–3 Multiplying and Dividing Whole Numbers 12
CHAPTER 2 Fractions 34
LU 2–1 Types of Fractions and Conversion Procedures 36
LU 2–2 Adding and Subtracting Fractions 41
LU 2–3 Multiplying and Dividing Fractions 47
CHAPTER 3 Decimals 68
LU 3–1 Rounding Decimals; Fraction and Decimal Conversions 70
LU 3–2 Adding, Subtracting, Multiplying, and Dividing Decimals 75
Cumulative Review: A Word Problem Approach—Chapters 1–3 93
CHAPTER 4 Banking 94
LU 4–1 The Checking Account 96
LU 4–2 Bank Statement and Reconciliation Process; Latest Trends in Mobile Banking 99
CHAPTER 5 Solving for the Unknown: A How-to Approach for Solving Equations 120
LU 5–1 Solving Equations for the Unknown 121
LU 5–2 Solving Word Problems for the Unknown 127
CHAPTER 6 Percents and Their Applications 148
LU 6–1 Conversions 150
LU 6–2 Application of Percents—Portion Formula 154
CHAPTER 7 Discounts: Trade and Cash 182
LU 7–1 Trade Discounts—Single and Chain (Includes Discussion of Freight) 183
LU 7–2 Cash Discounts, Credit Terms, and Partial Payments 190
CHAPTER 8 Markups and Markdowns: Perishables and Breakeven Analysis 214
LU 8–1 Markups Based on Cost (100%) 216
LU 8–2 Markups Based on Selling Price (100%) 221
LU 8–3 Markdowns and Perishables 227
LU 8–4 Breakeven Analysis 230
Cumulative Review: A Word Problem Approach—Chapters 6–8 247
CHAPTER 9 Payroll 248
LU 9–1 Calculating Various Types of Employees’ Gross Pay 249
LU 9–2 Computing Payroll Deductions for Employees’ Pay; Employers’ Responsibilities 253
CHAPTER 10 Simple Interest 272
LU 10–1 Calculation of Simple Interest and Maturity Value 273
LU 10–2 Finding Unknown in Simple Interest Formula 276
LU 10–3 U.S. Rule—Making Partial Note Payments before Due Date 278
CHAPTER 11 Promissory Notes, Simple Discount Notes, and the Discount Process 296
LU 11–1 Structure of Promissory Notes; the Simple Discount Note 297
LU 11–2 Discounting an Interest-Bearing Note before Maturity 301
CHAPTER 12 Compound Interest and Present Value 316
LU 12–1 Compound Interest (Future Value)—The Big Picture 317
LU 12–2 Present Value—The Big Picture 324
CHAPTER 13 Annuities and Sinking Funds 342
LU 13–1 Annuities: Ordinary Annuity and Annuity Due (Find Future Value) 344
LU 13–2 Present Value of an Ordinary Annuity (Find Present Value) 350
LU 13–3 Sinking Funds (Find Periodic Payments) 353
Cumulative Review: A Word Problem Approach—Chapters 10–13 367
Time-Value Relationship Appendix 369
CHAPTER 14 Installment Buying 374
LU 14–1 Cost of Installment Buying 375
LU 14–2 Revolving Charge Credit Cards 381
CHAPTER 15 The Cost of Home Ownership 398
LU 15–1 Types of Mortgages and the Monthly Mortgage Payment 399
LU 15–2 Amortization Schedule—Breaking Down the Monthly Payment 404
CHAPTER 16 How to Read, Analyze, and Interpret Financial Reports 418
LU 16–1 Balance Sheet—Report as of a Particular Date 420
LU 16–2 Income Statement—Report for a Specific Period of Time 425
LU 16–3 Trend and Ratio Analysis 429
CHAPTER 17 Depreciation 448
LU 17–1 Concept of Depreciation and the Straight-Line Method 450
LU 17–2 Units-of-Production Method 452
LU 17–3 Declining-Balance Method 453
LU 17–4 Modified Accelerated Cost Recovery System (MACRS) with Introduction to ACRS (1986, 1989, 2010, 2017) 454
CHAPTER 18 Inventory and Overhead 468
LU 18–1 Assigning Costs to Ending Inventory—Specific Identification; Weighted Average; FIFO; LIFO 470
LU 18–2 Retail Method; Gross Profit Method; Inventory Turnover; Distribution of Overhead 475
CHAPTER 19 Sales, Excise, and Property Taxes 494
LU 19–1 Sales and Excise Taxes 495
LU 19–2 Property Tax 498
CHAPTER 20 Life, Fire, and Auto Insurance 510
LU 20–1 Life Insurance 511
LU 20–2 Fire Insurance 516
LU 20–3 Auto Insurance 519
CHAPTER 21 Stocks, Bonds, and Mutual Funds 538
LU 21–1 Stocks 539
LU 21–2 Bonds 543
LU 21–3 Mutual Funds 545
CHAPTER 22 Business Statistics 562
LU 22–1 Mean, Median, and Mode 563
LU 22–2 Frequency Distributions and Graphs 567
LU 22–3 Measures of Dispersion (Optional) 573
APPENDIX A Additional Homework by Learning Unit A
APPENDIX B Check Figures B-1
APPENDIX C Metric System C-1
Glossary/Index G-1