Cheryl Cleaves , State
Technical Institute at Memphis
Margie Hobbs , University of Mississippi
Published June 1998 by
Career , Health, Education & Technology
Copyright 1999, 724 pp.
Paper ISBN 0-13-787763-3
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 mathematics-beginning 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 standards-numerous pedagogical features correlate
specifically to these standards.
NEW-Reorganized opening
chapters-Presents a more logical flow and smoother transition from basic mathematics
skills to actual business practices.
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.
NEW-Refined, 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).
NEW-Around the Business
World-End-of-chapter feature section.
NEW-Concepts Analysis
Exercises- Integrated throughout each chapter.
NEW-Words to Know-Provides
a chronological list of terms; found at the end of each chapter overview.
NEW-More Tips and Traps
boxes- Now with their own title for easy reference.
NEW-Bold type formulas-Sets
formulas in bold type within the formula boxes.
NEW-Improved pedagogical
use of color.
Applied concepts-Correlates
concepts covered with true-to-life experiences students may encounter in the business
world and as consumers.
"Good Decisions through
Teamwork"-Emphasizing the usefulness of mathematics in business, these integrated
chapter segments provide a framework for collaborative learning projects.
Calculator Solutions boxes-Shows
how to set up and solve problems using a calculator.
"The Decision Key"
approach to problem solving-Offers a systematic, structured method that breaks down
procedures, rules and formulas into understandable components.
A complete ancillary
package.
(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.
6. Payroll. 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.
13. Depreciation. 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
Ratios.
16. Insurance. Fire Insurance. Motor Vehicle Insurance. Life Insurance.
17. Taxes. Sales Taxes. Property Tax. Income Taxes.
18. Stocks and Bonds. Stocks. Bonds.