MyLab Math with Pearson eText Access Code (24 Months) for Business Mathematics

About our authors Gary Clendenen received bachelor's and master's degrees in mathematics before going into business for himself in the oil industry. He returned to academia and earned his Ph.D. in Business Management, and has been a faculty member since then. His business experience includes working as an actuary for an insurance company and owning commercial real estate. He has published papers in numerous refereed journals and does volunteer work with several organizations. His hobbies include long bicycle rides, swimming and reading on a wide variety of topics including history, economics and natural resources. He has 2 sons and several grandchildren, and he and his wife use miniature horses to encourage kids to read.Stanley A. Salzman has taught Business Math, Marketing and Real Estate courses at American River College in Sacramento for 35 years. He says, “Some of my greatest moments in teaching have been seeing the look on the face of a student who understands a business math concept or idea for the first time.” Stan and his wife have 4 children and 11 grandchildren. Stan likes outdoor activities, exercising and collecting antique toy trains.

• PrefaceThe Business Mathematics, 14th Edition Learning SystemLearning Tips for StudentsBusiness Mathematics PretestIndex of Applications Whole Numbers and Decimals 1.1 Whole Numbers1.2 Application Problems1.3 Decimal Numbers1.4 Addition and Subtraction of Decimals1.5 Multiplication and Division of Decimals Chapter 1 Quick ReviewChapter TermsCase Study: Cost of Getting MarriedCase in Point Summary Exercise: SubwayChapter 1 TestFractions 2.1 Fractions2.2 Addition and Subtraction of Fractions2.3 Addition and Subtraction of Mixed Numbers2.4 Multiplication and Division of Fractions2.5 Converting Decimals to Fractions and Fractions to Decimals Chapter 2 Quick ReviewChapter TermsCase Study: Operating Expenses at Woodline Moldings and TrimCase in Point Summary Exercise: The Home DepotChapter 2 TestPercents 3.1 Writing Decimals and Fractions as Percents3.2 Finding Part3.3 Finding Base Supplementary Application Exercises on Base and Part3.4 Finding Rate Supplementary Application Exercises on Base, Rate, and Part3.5 Increase and Decrease Problems Chapter 3 Quick ReviewChapter TermsCase Study: Self Employed Retirement PlanCase in Point Summary Exercise: Century 21Chapter 3 TestEquations and Formulas 4.1 Solving Equations4.2 Applications of Equations4.3 Business Formulas4.4 Ratio and Proportion Chapter 4 Quick ReviewChapter TermsCase Study: Forecasting Sales at Alcorn's BoutiqueCase in Point Summary Exercise: General MotorsChapter 4 Test Chapters 1 - 4 Cumulative ReviewBank Services 5.1 Banking, Checking Accounts, and Check Registers5.2 Checking Services and Credit-Card Transactions5.3 Bank Statement Reconciliation Chapter 5 Quick ReviewChapter TermsCase Study: Banking Activities of a RetailerCase in Point Summary Exercise: Jackson & PerkinsChapter 5 TestPayroll 6.1 Gross Earnings: Wages and Salaries6.2 Gross Earnings: Piecework and Commissions6.3 Social Security, Medicare, and Other Taxes6.4 Income Tax Withholding Chapter 6 Quick ReviewChapter TermsCase Study: Payroll: Finding Your Take-Home PayCase in Point Summary Exercise: Payroll at StarbucksChapter 6 TestMathematics of Buying 7.1 Invoices and Trade Discounts7.2 Series Discounts and Single Discount Equivalents7.3 Cash Discounts: Ordinary Dating Methods7.4 Cash Discounts: Other Dating Methods Chapter 7 Quick ReviewChapter TermsCase Study: George ForemanCase in Point Summary Exercise: Discounts at Bed Bath & BeyondChapter 7 TestMathematics of Selling 8.1 Markup on Cost8.2 Markup on Selling Price Supplementary Application Exercises on Markup8.3 Markdown8.4 Turnover and Valuation of Inventory Chapter 8 Quick ReviewChapter TermsCase Study: Markdown: Reducing Prices to Move MerchandiseCase in Point Summary Exercise: Recreational Equipment Inc. (REI)Chapter 8 Test Chapters 5 - 8 Cumulative ReviewSimple Interest 9.1 Basics of Simple Interest9.2 Finding Principal, Rate, and Time9.3 Simple Discount Notes9.4 Discounting a Note Before Maturity Supplementary Application Exercises on Simple Interest and Simple Discount Chapter 9 Quick ReviewChapter TermsCase Study: Banking in a Global World: How Do Large Banks Make Money?Case in Point Summary Exercise: Apple, Inc.Chapter 9 TestCompound Interest and Inflation 10.1 Compound Interest10.2 Interest-Bearing Bank Accounts and Inflation10.3 Present Value and Future Value Chapter 10 Quick ReviewChapter TermsCase Study: Valuing a Chain of McDonald's RestaurantsCase in Point Summary Exercise: Bank of AmericaChapter 10 Test Chapters 9 - 10 Cumulative ReviewAnnuities, Stocks, and Bonds 11.1 Annuities and Retirement Accounts11.2 Present Value of an Ordinary Annuity11.3 Sinking Funds (Finding Annuity Payments) Supplementary Application Exercises on Annuities and Sinking Funds11.4 Stocks and Mutual Funds11.5 Bonds Chapter 11 Quick ReviewChapter TermsCase Study: Financial PlanningCase in Point Summary ExerciseChapter 11 TestBusiness and Consumer Loans 12.1 Open-End Credit and Charge Cards12.2 Installment Loans12.3 Early Payoffs of Loans12.4 Personal Property Loans12.5 Real Estate Loans Chapter 12 Quick ReviewChapter TermsCase Study: Consolidating LoansCase in Point Summary Exercise: Underwater on a HomeChapter 12 Test Chapters 11 - 12 Cumulative ReviewTaxes and Insurance 13.1 Property Tax13.2 Personal Income Tax13.3 Fire Insurance13.4 Motor-Vehicle Insurance13.5 Life Insurance Chapter 13 Quick ReviewChapter TermsCase Study: Financial Planning for Property Taxes and InsuranceCase in Point Summary Exercise: Mattel Inc.—Taxes and InsuranceChapter 13 TestDepreciation 14.1 Straight-Line Method14.2 Declining-Balance Method14.3 Sum-of-the-Years'-Digits Method Supplementary Application Exercises on Depreciation14.4 Units-of-Production Method14.5 Modified Accelerated Cost Recovery System Chapter 14 Quick ReviewChapter TermsCase Study: Comparing Depreciation MethodsCase in Point Summary Exercise: Ford Motor CompanyChapter 14 TestFinancial Statements and Ratios 15.1 The Income Statement15.2 Analyzing the Income Statement15.3 The Balance Sheet15.4 Analyzing the Balance Sheet Chapter 15 Quick ReviewChapter TermsCase Study: Bicycle ShopCase in Point Summary Exercise: Apple, Inc.Chapter 15 TestBudgeting and Business Statistics 16.1 Planning and Budgeting16.2 Frequency Distributions and Graphs16.3 Mean, Median, and Mode Chapter 16 Quick ReviewChapter TermsCase Study: Watching a Small Business GrowCase in Point Summary Exercise: Bobby FlayChapter 16 TestAppendices A. The Metric SystemB. Basic CalculatorsC. Financial CalculatorsD. Exponents and the Order of OperationsE. Graphing Equations Answers to Selected ExercisesGlossaryIndexPhoto Credits