Practical Business Math Procedures, 2020

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CHAPTER 1 Whole Numbers: How to Dissect and Solve Word Problems

1 Reading, Writing, and Rounding Whole Numbers

2 Adding and Subtracting Whole Numbers

3 Multiplying and Dividing Whole Numbers

CHAPTER 2 Fractions

1 Types of Fractions and Conversion Procedures

2 Adding and Subtracting Fractions

3 Multiplying and Dividing Fractions

CHAPTER 3 Decimals

1 Rounding Decimals; Fraction and Decimal Conversions

2 Adding, Subtracting, Multiplying, and Dividing Decimals

Cumulative Review: A Word Problem Approach—Chapters 1–3

CHAPTER 4 Banking

1 The Checking Account

2 Bank Statement and Reconciliation Process; Latest Trends in Mobile Banking

CHAPTER 5 Solving for the Unknown: A How-to Approach for Solving Equations

1 Solving Equations for the Unknown

2 Solving Word Problems for the Unknown

CHAPTER 6 Percents and Their Applications

1 Conversions

2 Application of Percents—Portion Formula

CHAPTER 7 Discounts: Trade and Cash

1 Trade Discounts—Single and Chain (Includes Discussion of Freight)

2 Cash Discounts, Credit Terms, and Partial Payments

CHAPTER 8 Markups and Markdowns: Perishables and Breakeven Analysis

1 Markups Based on Cost (100%)

2 Markups Based on Selling Price (100%)

3 Markdowns and Perishables

4 Breakeven Analysis

Cumulative Review: A Word Problem Approach—Chapters 6–8

CHAPTER 9 Payroll

1 Calculating Various Types of Employees’ Gross Pay

2 Computing Payroll Deductions for Employees’ Pay; Employers’ Responsibilities

CHAPTER 10 Simple Interest

1 Calculation of Simple Interest and Maturity Value

2 Finding Unknown in Simple Interest Formula

3 U.S. Rule—Making Partial Note Payments before Due Date

CHAPTER 11 Promissory Notes, Simple Discount Notes, and the Discount Process

1 Structure of Promissory Notes; the Simple Discount Note

2 Discounting an Interest-Bearing Note before Maturity

CHAPTER 12 Compound Interest and Present Value

1 Compound Interest (Future Value)—The Big Picture

2 Present Value—The Big Picture

CHAPTER 13 Annuities and Sinking Funds

1 Annuities: Ordinary Annuity and Annuity Due (Find Future Value)

2 Present Value of an Ordinary Annuity (Find Present Value)

3 Sinking Funds (Find Periodic Payments)

Cumulative Review: A Word Problem Approach—Chapters 10–13

Time-Value Relationship Appendix

CHAPTER 14 Installment Buying

1 Cost of Installment Buying

2 Revolving Charge Credit Cards

CHAPTER 15 The Cost of Home Ownership

1 Types of Mortgages and the Monthly Mortgage Payment

2 Amortization Schedule—Breaking Down the Monthly Payment

CHAPTER 16 How to Read, Analyze, and Interpret Financial Reports

1 Balance Sheet—Report as of a Particular Date

2 Income Statement—Report for a Specific Period of Time

3 Trend and Ratio Analysis

CHAPTER 17 Depreciation

1 Concept of Depreciation and the Straight-Line Method

2 Units-of-Production Method

3 Declining-Balance Method

4 Modified Accelerated Cost Recovery System (MACRS) with Introduction to ACRS (1986, 1989, 2010, 2017)

CHAPTER 18 Inventory and Overhead

1 Assigning Costs to Ending Inventory—Specific Identification; Weighted Average; FIFO; LIFO

2 Retail Method; Gross Profit Method; Inventory Turnover; Distribution of Overhead

CHAPTER 19 Sales, Excise, and Property Taxes

1 Sales and Excise Taxes

2 Property Tax

CHAPTER 20 Life, Fire, and Auto Insurance

1 Life Insurance

2 Fire Insurance

3 Auto Insurance

CHAPTER 21 Stocks, Bonds, and Mutual Funds

1 Stocks

2 Bonds

3 Mutual Funds

CHAPTER 22 Business Statistics

1 Mean, Median, and Mode

2 Frequency Distributions and Graphs

3 Measures of Dispersion (Optional)

Jeffrey Slater
Jeff Slater has been teaching 30 years at North Shore Community College. He has acted as a consultant for the office of personnel management in Boston and New York. Jeff tours the country giving speeches on student retention at colleges as well as national conventions.

Sharon Wittry
Sharon has been teaching Business Math at Pikes Peak Community College for almost 20 years.  Technological enhancements providing students with around-the-clock learning tools through the use of Smartbook and Connect have become important parts of both her face-to-face and online courses.  Making content easy to understand and applicable to students' lives continues to be Sharon's focus.