Business Mathematics

Description

BUSINESS MATHEMATICS, 12/e teaches business math with a strong focus on current issues, real companies, and realistic business scenarios. It covers the full spectrum of basic business math, placing every concept in context with relevant examples. Each chapter begins with an actual company case study that is carried through with examples and exercises. Two realistic cases conclude each chapter, helping students integrate key concepts with real business math challenges. Data and graphs are incorporated throughout. New coverage in this edition includes: the global financial crisis and globalization; personal and government debt; personal savings; and inventory tracking. More examples are provided, and this edition has been edited for greater clarity and simplicity.

For courses in business math or the mathematics of business.

This text teaches business math with a strong focus on current issues, real companies, and realistic business scenarios. It covers the full spectrum of basic business math, placing every concept in context with relevant examples. Each chapter begins with an actual company case study that is carried through with examples and exercises. Two realistic cases conclude each chapter, helping students integrate key concepts with real business math challenges. Data and graphs are incorporated throughout. New coverage in this edition includes: the global financial crisis and globalization; personal and government debt; personal savings; and inventory tracking. More examples are provided, and this edition has been edited for greater clarity and simplicity.

Hallmark Features

Closely tied to the business world and actual companies–presenting insights that reflect the business realities students will actually encounter

• Links business math to the world in which students live 

“Case in Point” case studies–presenting business math through examples from easily recognizable companies such as Apple, Starbucks, Hershey, Subway, and Bank of America

• Helps students see the connections between math concepts and real-world business  

Quick Start exercises–guiding students through working out the first exercise or two of each type

• Helps students get started on the exercise sets, and provides the on-the-spot reinforcement and confidence they need to continue independently   

End-of-chapter Quick Reviews–reviewing chapter terms and key topics, and presenting short solved examples

• Helps students rapidly check their understanding of all the concepts in each chapter

Quick Tips–highlighting important points or issues

• Provides valuable information students would otherwise have to learn through experience or trial-and-error 

Quick Checks short problems–following each example, with answers provided at the bottom of the page

• Helps students check their understanding immediately after reading each example 

Newspaper Clippings and “Numbers in the News”– showcasing the linkages between highly relevant news topics and business math concepts

• Connects data and concepts to the real world, and vice versa 

Extensive usage of data and graphics–presenting real, relevant information

• Helps students visualize, analyze, and discuss the information they are working with  

MathXL® and MyMathLab® for Business Math–bringing together state-of-the-art classroom management, homework, tutorial, and assessment tools, including personalized study plans and online gradebooks

• Gives students and faculty the tools they need to learn and teach more effectively 

Investigative Questions–requiring higher-level thinking skills and supporting collaborative assignments

• Encourages students to go beyond what they’ve already learned  

Supplementary Exercises–providing even more practice for synthesizing the most difficult concepts

• Provides additional reinforcement for challenging techniques 

Cumulative Reviews–help students review groups of related chapters and reinforce their understanding

• Helps students strengthen their understanding of related concepts 

Introductory pretest–at the beginning of the book

• Helps students and instructors identify individual and class strengths and weaknesses  

Glossary–providing a quick reference to key terms and corresponding concepts

• Explains unfamiliar terminology and ensures that it doesn’t stand in the way of understanding

For courses in business math or the mathematics of business.

This text teaches business math with a strong focus on current issues, real companies, and realistic business scenarios. It covers the full spectrum of basic business math, placing every concept in context with relevant examples. Each chapter begins with an actual company case study that is carried through with examples and exercises. Two realistic cases conclude each chapter, helping students integrate key concepts with real business math challenges. Data and graphs are incorporated throughout. New coverage in this edition includes: the global financial crisis and globalization; personal and government debt; personal savings; and inventory tracking. More examples are provided, and this edition has been edited for greater clarity and simplicity.

Improved! Edited for stronger focus, clarity, brevity and simplicity

• More accessible: easier for students to understand and use

New! Information and graphics related to the financial crisis, real estate, and debt

• Helps students understand crucial connections between economics and their own personal lives

Improved! More coverage of personal saving, planning, and budgeting

• Teaches business math in a context that will be highly relevant and useful to students

Improved! Reorganized to help faculty introduce algebra into their courses more easily and systematically

• Supports instructors in teaching essential algebraic concepts in business math 

Updated! More coverage of electronic banking, including electronic payments, debits, and float

• Reflects the growing dominance of electronic banking in both business and students’ personal finances

New! 2 Case Studies at the end of each chapter, including a concise one-page case based on practical elements in the chapter, and a larger Case in Point based on a real company

• Reinforces key concepts through highly relevant case studies students will understand and be interested in

Updated! Reflects the latest income tax changes, including recent increases in Medicare taxes and changes in the Bush tax rates

• Enables students to practice with accurate and up-to-date information 

Updated and Expanded! More and better coverage of inventory tracking, including radio frequency identification technology (RFID), electronic product code technology (EPC), and inventory-related business concepts

• Helps students succeed in businesses that sell, create, or track products or equipment 

New! Globalization coverage and examples, including discussions of interest rate exchange, the recent global financial crisis, and offshoring

• Gives students a broader perspective on the personal impact of global business and events

Updated! More coverage of taxes and government debt, including small business examples addressing income tax, property tax, and other tax-related costs

• Helps students understand the impact of taxation on businesses and individuals

1. Whole Numbers and Decimals

2. Fractions and Mixed Numbers

3. Percent

4. Equations and Formulas

5. Bank Services

6. Payroll

7. Mathematics of Buying

8. Mathematics of Selling

9. Simple Interest

10. Compound Interest and Inflation

11. Annuities, Stocks, and Bonds

12. Business and Consumer Loans

13. Taxes and Insurance

14. Depreciation

15. Financial Statements and Ratios

16. Business Statistics

Appendix A. The Metric System

Appendix B. Basic Scientific Calculators

Appendix C. Financial Calculators

Answers to Selected Exercises

Glossary

Index

Additional information