# Practical Business Math Procedures, 13th Edition, PDF by Jeffrey Slater and Sharon M Wittry

## 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

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

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

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