# Business Mathematics, 14th Edition PDF by Gary Clendenen and Stanley A Salzman

By Gary Clendenen and Stanley A. Salzman

Contents

Preface vi

The Business Mathematics, 14th Edition, Learning

System vii

Learning Tips for Students xiv

Index of Applications xvi

Chapter 1

Whole Numbers and Decimals 1

1.1 Whole Numbers 2

1.2 Application Problems 14

1.3 Decimal Numbers 20

1.4 Addition and Subtraction of Decimals 24

1.5 Multiplication and Division of Decimals 28

Chapter 1 Quick Review 35

Chapter Terms 35

Case Study: Cost of Getting Married 37

Case in Point Summary Exercise: Subway 38

Chapter 1 Test 39

Chapter 2

Fractions 41

2.1 Fractions 42

2.2 Addition and Subtraction of Fractions 48

2.3 Addition and Subtraction of Mixed Numbers 56

2.4 Multiplication and Division of Fractions 60

2.5 Converting Decimals to Fractions and Fractions to Decimals 68

Chapter 2 Quick Review 72

Chapter Terms 72

Case Study: Operating Expenses at Woodline Moldings and Trim 74

Case in Point Summary Exercise: The Home Depot 75

Chapter 2 Test 76

Chapter 3

Percents 79

3.1 Writing Decimals and Fractions as Percents 80

3.2 Finding Part 87

3.3 Finding Base 94

Supplementary Application Exercises on Base and Part 98

3.4 Finding Rate 100

Supplementary Application Exercises on Base, Rate, and Part 104

3.5 Increase and Decrease Problems 108

Chapter 3 Quick Review 115

Chapter Terms 115

Case Study: Self Employed Retirement Plan 117

Case in Point Summary Exercise: Century 21 118

Chapter 3 Test 119

Chapter 4

Equations and Formulas 121

4.1 Solving Equations 122

4.2 Applications of Equations 130

4.4 Ratio and Proportion 148

Chapter 4 Quick Review 157

Chapter Terms 157

Case Study: Forecasting Sales at Alcorn’s Boutique 159

Case in Point Summary Exercise: General Motors 160

Chapter 4 Test 162

Chapters 1–4 Cumulative Review 166

Chapter 5

Bank Services 171

5.1 Banking, Checking Accounts, and Check Registers 172

5.2 Checking Services and Credit-Card

Transactions 182

5.3 Bank Statement Reconciliation 188

Chapter 5 Quick Review 197

Chapter Terms 197

Case Study: Banking Activities of a Retailer 199

Case in Point Summary Exercise: Jackson & Perkins 200

Chapter 5 Test 202

Chapter 6

Payroll 204

6.1 Gross Earnings: Wages and Salaries 205

6.2 Gross Earnings: Piecework and Commissions 214

6.3 Social Security, Medicare, and Other Taxes 222

6.4 Income Tax Withholding 228

Chapter 6 Quick Review 239

Chapter Terms 239

Case Study: Payroll: Finding Your Take-Home Pay 242

Case in Point Summary Exercise: Payroll

at Starbucks 243

Chapter 6 Test 244

Chapter 7

7.1 Invoices and Trade Discounts 247

7.2 Series Discounts and Single Discount

Equivalents 257

7.3 Cash Discounts: Ordinary Dating Methods 261

7.4 Cash Discounts: Other Dating Methods 267

Chapter 7 Quick Review 274

Chapter Terms 274

Case Study: George Foreman 276

Case in Point Summary Exercise: Discounts at Bed Bath & Beyond 277

Chapter 7 Test 278

Chapter 8

Mathematics of Selling 280

8.1 Markup on Cost 281

8.2 Markup on Selling Price 288

Supplementary Application Exercises on

Markup 296

8.3 Markdown 298

8.4 Turnover and Valuation of Inventory 304

Chapter 8 Quick Review 313

Chapter Terms 313

Case Study: Markdown: Reducing Prices to Move

Merchandise 317

Case in Point Summary Exercise: Recreational Equipment

Inc. (REI) 318

Chapter 8 Test 319

Chapters 5–8 Cumulative Review 321

Chapter 9

Simple Interest 323

9.1 Basics of Simple Interest 324

9.2 Finding Principal, Rate, and Time 335

9.3 Simple Discount Notes 343

9.4 Discounting a Note Before Maturity 352

Supplementary Application Exercises on Simple Interest and

Simple Discount 360

Chapter 9 Quick Review 364

Chapter Terms 364

Case Study: Banking in a Global World: How Do Large

Banks Make Money? 368

Case in Point Summary Exercise: Apple, Inc. 369

Chapter 9 Test 370

Chapter 10

Compound Interest and Inflation 372

10.1 Compound Interest 373

10.2 Interest-Bearing Bank Accounts and

Inflation 384

10.3 Present Value and Future Value 394

Chapter 10 Quick Review 399

Chapter Terms 399

Case Study: Valuing a Chain of McDonald’s

Restaurants 401

Case in Point Summary Exercise: Bank of America 402

Chapter 10 Test 403

Chapters 9–10 Cumulative Review 405

Chapter 11

Annuities, Stocks, and Bonds 407

11.1 Annuities and Retirement Accounts 408

11.2 Present Value of an Ordinary Annuity 416

11.3 Sinking Funds (Finding Annuity Payments) 424

Supplementary Application Exercises on Annuities

and Sinking Funds 431

11.4 Stocks and Mutual Funds 433

11.5 Bonds 443

Chapter 11 Quick Review 449

Chapter Terms 449

Case Study: Financial Planning 452

Case in Point Summary Exercise 453

Chapter 11 Test 454

Chapter 12

12.1 Open-End Credit and Charge Cards 457

12.2 Installment Loans 467

12.3 Early Payoffs of Loans 475

12.4 Personal Property Loans 482

12.5 Real Estate Loans 490

Chapter 12 Quick Review 497

Chapter Terms 497

Case Study: Consolidating Loans 501

Case in Point Summary Exercise: Underwater on a

Home 503

Chapter 12 Test 505

Chapters 11–12 Cumulative Review 507

Chapter 13

Taxes and Insurance 510

13.1 Property Tax 511

13.2 Personal Income Tax 518

13.3 Fire Insurance 532

13.4 Motor-Vehicle Insurance 541

13.5 Life Insurance 549

Chapter 13 Quick Review 556

Chapter Terms 556

Case Study: Financial Planning for Property Taxes and

Insurance 559

Case in Point Summary Exercise: Mattel Inc.—Taxes and

Insurance 560

Chapter 13 Test 562

Chapter 14

Depreciation 564

14.1 Straight-Line Method 565

14.2 Declining-Balance Method 573

14.3 Sum-of-the-Years’-Digits Method 580

Supplementary Application Exercises on Depreciation 587

14.4 Units-of-Production Method 591

14.5 Modified Accelerated Cost Recovery System 596

Chapter 14 Quick Review 604

Chapter Terms 604

Case Study: Comparing Depreciation Methods 606

Case in Point Summary Exercise: Ford

Motor Company 607

Chapter 14 Test 608

Chapter 15

Financial Statements and Ratios 610

15.1 The Income Statement 611

15.2 Analyzing the Income Statement 616

15.3 The Balance Sheet 623

15.4 Analyzing the Balance Sheet 627

Chapter 15 Quick Review 635

Chapter Terms 635

Case Study: Bicycle Shop 638

Case in Point Summary Exercise: Apple, Inc. 640

Chapter 15 Test 642

Chapter 16

16.1 Planning and Budgeting 645

16.2 Frequency Distributions and Graphs 654

16.3 Mean, Median, and Mode 666

Chapter 16 Quick Review 674

Chapter Terms 674

Case Study: Watching a Small Business Grow 677

Case in Point Summary Exercise: Bobby Flay 678

Chapter 16 Test 679

Appendix A

The Metric System A-1

Appendix B

Basic Calculators B-1

Appendix C

Financial Calculators C-1

Appendix D

Exponents and the Order of

Operations D-1

Appendix E

Graphing Equations E-1

Glossary G-1

Index I-1

Photo Credits P-1

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