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Business Math, Complete w/CD & Study Guide & PH Math Tutor Center Pkg., 7/E
Cheryl Cleaves, Ph.D., State Technical Institute at Memphis
Margie Hobbs, Ph.D., University of Mississippi

ISBN-10: 0131606751
ISBN-13: 9780131606753

Publisher: Prentice Hall
Copyright: 2005
Format: Kit/Package/ShrinkWrap
Published: 07/20/2004

Suggested retail price: $132.40
Buy from myPearsonStore

Authors' Philosophy

Business Math, 7th Edition reflects more than 25 years of author involvement with business math education and the business community. Our teaching experience and our continuing interaction with business math instructors and students keep us on top of the changing needs of our students and their employers. Our focus in this edition is on linking mathematics with real business practices in real businesses. We hope this focus helps students gain a better appreciation for and understanding of the concepts that are vital in the business world. In the text and supplement package, we strive to provide both students and instructors with a full range of resources in print and electronic form to suit a variety of teaching and learning styles. The new standard book package includes the text packaged with the ReviewMaster Tutorial CD, the print Study Guide, and access to the Math Tutor Center (telephone tutor service), all at no additional cost to the student.


Authors' Philosophy

Business Math, 7th Edition reflects more than 25 years of author involvement with business math education and the business community. Our teaching experience and our continuing interaction with business math instructors and students keep us on top of the changing needs of our students and their employers. Our focus in this edition is on linking mathematics with real business practices in real businesses. We hope this focus helps students gain a better appreciation for and understanding of the concepts that are vital in the business world. In the text and supplement package, we strive to provide both students and instructors with a full range of resources in print and electronic form to suit a variety of teaching and learning styles. 

 

  • NEW! The new standard book package includes the text packaged with the ReviewMaster Tutorial CD, the print Study Guide, and access to the Math Tutor Center (telephone tutor service), all at no additional cost to the student.  
  • NEW - Business Decision-Making Theme–Focus on linking mathematics with real business practices in real businesses.

    • Students are taught the computational skill and then given multiple opportunities to apply the skill in real world business situations.

Motivational real-life situations
  • NEW - Chapter opening scenarios–Use real products and real companies to illustrate the need for learning the concepts in the chapter.

    • Introduces students to the application of the chapter concepts.

  • NEW - Two end-of-chapter case studies–Focus on real products and companies and focus on how the concepts of the chapter might be used in the real business world.

    • These short cases (extended scenario-based word problems) ask students to solve real business problems and allow for more involved application analysis than with typical word problems.

  • NEW - 10 “The Real World” Business Math Video Cases–Scenario based cases for in-class use dealing with business issues at the 7th Inning Sports Memorabilia shop.

    • Show how business math concepts are applied to business situations in a real business (VHS, DVD, and Online).

  • NEW - “News That Counts” boxed features in each chapter–Draw from articles in the newspaper and ask students to apply chapter math concepts to a real world business issue or problem.

    • Relates business math concepts to the analysis of real world issues.

New textbook format and flow of topics
  • NEW - Workbook Format–Pages are perforated and assignments have been formatted so that they can be handed in for grading if desired.

    • Increases ease of use in the classroom.

  • NEW - Early basic math chapters–Reorganized to improve flow of concepts.

    • Longer chapters from the 6th edition have been split and the order of the early chapters has been changed based on user feedback to improve the flow of concepts.

Reorganized chapter exercises facilitate the learning process
  • NEW - Stop and Check Exercises–Included after every learning outcome. The solutions to all these exercises are included in the back of the text. The answers are included on the same page in the AIE.
  • NEW - 2 Exercise Sets–At the end of each chapter. The exercises are on perforated pages and can be used as hand-in assignments. Answers to the odd-numbered exercises are included in the back of the text. Solutions to the odd-numbered exercises are included in a Student's Solutions Manual. Solutions to all the exercises are included on the exercise pages in the AIE.
  • NEW - Practice Test–Included at the end of each chapter. Answers to the odd-numbered exercises are included in the back of the text. Solutions to the odd-numbered exercises are included in a Student's Solutions Manual. Solutions to all the exercises are included on the exercise pages in the AIE.
  • NEW - Section Exercises–Included at the end of each section, are designated as Skill Builders or Application questions when appropriate.
    • Answers to the odd-numbered exercises are included in the back of the text.
    • Solutions to the odd-numbered exercises are included in a Student's Solutions Manual.
    • Solutions to all the exercises are included on the exercise pages in the AIE.
Expanded list of student supplements
  • NEW - ReviewMaster Tutorial CD: Included in Text Package–This unique tutorial tool contains all concept material from the textbook on CD along with question banks for each learning outcome covered in the text. As students work through the self-study questions, the questions are immediately graded and students receive a response to their answer. At any point, they can link back to the section of the book where the topic is covered to review concepts that they have not understood.

    • Helps students master math concepts and prepare for tests.

  • NEW - PH Math Tutor Access: Included in Text Package–Toll-free telephone help service - students can talk with a qualified math tutor.

    • Students can call or email a qualified math tutor to get help when they need it!

  • NEW - Study Guide: Included in Text–Includes 'How to Study Business Math' booklet, Chapter Review drill, application, and vocabulary exercises, and Video Case Worksheets.

    • Provides students with tools needed to succeed in the course.

  • UPDATED-  Expanded Companion Website (www.prenhall.com/cleaves)–Contains Objectives, Excel templates, Web Resources and Exercises, Video Case and Worksheets, PowerPoint Review, Quizzes, and Vocabulary Review sections.

    • Students can access this online learning site 24/7 to improve content mastery.

Also available for students:  

  • NEW - Business Math Excel Applications–By Laughbaum and Seidel. Contains excel projects developed at Columbus State Community College for use with Cleaves and Hobbs Business Math text. Familiarity with Excel is not needed.  Provides students with experience using spreadsheets to solve business problems. ISBN: 0131526820
  • Student Solutions Manual.

    • This helpful study tool includes worked solutions to all odd numbered exercises in the text. ISBN: 0-13-114290-9 

Expanded List of Supplements for the instructor
  • NEW - Expanded PowerPoint Lecture Presentation Package–Includes key lecture points with many new examples not in the book and solution screens for all even numbered questions in the end-of-chapter Exercise Set A.

    • Allows the instructor to review key concepts in-class using new examples not in the book and review assignment problems.

  • NEW - Instructor's Video Case Toolkit–Contains teaching notes and the video worksheets with solutions.

    • Assist in the discussion of and solution of business math issues posed in the video.

  • NEW - Instructor's Resource Manual–Includes teaching suggestions, additional in-class activities, and answers to chapter opening cases and News That Counts features.
  • NEW - Instructor’s Resource CD–Includes the PowerPoint files and electronic versions of the Instructor’s Resource Manual, Instructor’s Video Toolkit, the Test Item File.
  • NEW - Instructor's Resource Manual–Includes teaching suggestions, additional in-class activities, and answers to chapter opening cases and News That Counts features.
  • Quick Reference Table booklet–Available in quantity for use with testing.
  • Test Item File.
  • Lecture Acetates.
  • TestGen Computerized Testing Program.
  • NEW - OneKey Access to all course materials.

    • All instructor and student online course materials for this book are delivered through one Web-based course system: Blackboard, WebCT, and CourseCompass courses are available.

  • Business Decision-Making Theme—Focus on linking mathematics with real business practices in real businesses.

    • Students are taught the computational skill and then given multiple opportunities to apply the skill in real world business situations.

Motivational real-life situations
  • Chapter opening scenarios—Use real products and real companies to illustrate the need for learning the concepts in the chapter.

    • Introduces students to the application of the chapter concepts.

  • Two end-of-chapter case studies—Focus on real products and companies and focus on how the concepts of the chapter might be used in the real business world.

    • These short cases (extended scenario-based word problems) ask students to solve real business problems and allow for more involved application analysis than with typical word problems.

  • 10 “The Real World” Business Math Video Cases—Scenario based cases for in-class use dealing with business issues at the 7th Inning Sports Memorabilia shop.

    • Show how business math concepts are applied to business situations in a real business (VHS, DVD, and Online).

  • “News That Counts” boxed features in each chapter—Draw from articles in the newspaper and ask students to apply chapter math concepts to a real world business issue or problem.

    • Relates business math concepts to the analysis of real world issues.

New textbook format and flow of topics
  • Workbook Format—Pages are perforated and assignments have been formatted so that they can be handed in for grading if desired.

    • Increases ease of use in the classroom.

  • Early basic math chapters—Reorganized to improve flow of concepts.

    • Longer chapters from the 6th edition have been split and the order of the early chapters has been changed based on user feedback to improve the flow of concepts.

Reorganized chapter exercises facilitate the learning process
  • Stop and Check Exercises—Included after every learning outcome. The solutions to all these exercises are included in the back of the text. The answers are included on the same page in the AIE.
  • Section Exercises—Included at the end of each section, are designated as Skill Builders or Application questions when appropriate. Answers to the odd-numbered exercises are included in the back of the text. Solutions to the odd-numbered exercises are included in a Student's Solutions Manual. Solutions to all the exercises are included on the exercise pages in the AIE.
  • 2 Exercise Sets—At the end of each chapter. The exercises are on perforated pages and can be used as hand-in assignments. Answers to the odd-numbered exercises are included in the back of the text. Solutions to the odd-numbered exercises are included in a Student's Solutions Manual. Solutions to all the exercises are included on the exercise pages in the AIE.
  • Practice Test—Included at the end of each chapter. Answers to the odd-numbered exercises are included in the back of the text. Solutions to the odd-numbered exercises are included in a Student's Solutions Manual. Solutions to all the exercises are included on the exercise pages in the AIE.
Expanded list of student supplements
  • ReviewMaster Tutorial CD: Free in Text—This unique tutorial tool contains all concept material from the textbook on CD along with question banks for each learning outcome covered in the text. As students work through the self-study questions, the questions are immediately graded and students receive a response to their answer. At any point, they can link back to the section of the book where the topic is covered to review concepts that they have not understood.

    • Helps students master math concepts and prepare for tests.

  • PH Math Tutor Access: Free in Text—Toll-free telephone help service - students can talk with a qualified math tutor.

    • Students can call or email a qualified math tutor to get help when they need it!

  • Study Guide: Free in Text—Includes 'How to Study Business Math' booklet, Chapter Review drill, application, and vocabulary exercises, and Video Case Worksheets.

    • Provides students with tools needed to succeed in the course.

  • Business Math Excel Applications—By Laughbaum and Seidel. Contains excel projects developed at Columbus State Community College for use with Cleaves and Hobbs Business Math text. Familiarity with Excel is not needed.

    • Provides students with experience using spreadsheets to solve business problems.

Expanded List of Supplements for the instructor
  • Expanded PowerPoint Lecture Presentation Package—Includes key lecture points with many new examples not in the book and solution screens for all even numbered questions in the end-of-chapter Exercise Set A.

    • Allows the instructor to review key concepts in-class using new examples not in the book and review assignment problems.

  • Instructor's Video Case Toolkit—Contains teaching notes and the video worksheets with solutions.

    • Assist in the discussion of and solution of business math issues posed in the video.

  • Instructor's Resource Manual—Includes teaching suggestions, additional in-class activities, and answers to chapter opening cases and News That Counts features.
  • Instructor’s Resource CD—Includes the PowerPoint files and electronic versions of the Instructor’s Resource Manual, Instructor’s Video Toolkit, the Test Item File.
  • Instructor's Resource Manual—Includes teaching suggestions, additional in-class activities, and answers to chapter opening cases and News That Counts features.
  • OneKey Access to all course materials.

    • All instructor and student online course materials for this book are delivered through one Web-based course system: Blackboard, WebCT, and CourseCompass courses are available.

1. Whole Numbers.

Place Value and Our Number System.

Read whole numbers. Write whole numbers. Round whole numbers.

Operations with Whole Numbers—Five-Step Problem-Solving Strategy introduced with addition and continued throughout text.

Add whole numbers. Subtract whole numbers. Multiply whole numbers. Divide whole numbers.

2. Fractions.

Fractions.

Identify types of fractions. Convert an improper fraction to a whole or mixed number. Convert a whole or mixed number to an improper fraction. Reduce a fraction to lowest terms. Raise a fraction to higher terms.

Adding and Subtracting Fractions.

Add fractions with like (common) denominators. Find the least common denominator for two or more fractions. Add fractions and mixed numbers. Subtract fractions and mixed numbers.

Multiplying and Dividing Fractions.

Multiply fractions and mixed numbers. Divide fractions and mixed numbers.

3. Decimals.

Decimals and the Place-Value System.

Read and write decimals. Round decimals.

Operations with Decimals.

Add and subtract decimals. Multiply decimals. Divide decimals.

Decimal and Fraction Conversions.

Convert a decimal to a fraction. Convert a fraction to a decimal.

4. Banking.

Checking Account Forms.

Make account transactions. Record account transactions.

Bank Statements.

Reconcile a bank statement with an account register.

5. Equations.

Equations.

Solve equations using multiplication or division. Solve equations using addition or subtraction. Solve equations using more than one operation. Solve equations containing multiple unknown terms. Solve equations containing parentheses. Solve equations that are proportions.

Using Equations to Solve Problems.

Use the problem-solving approach to analyze and solve word problems.

6. Percents.

Percent Equivalents.

Write a whole number, fraction, or decimal as a percent. Write a percent as a whole number, fraction, or decimal.

Solving Percentage Problems.

Identify the rate, base, and portion in percent problems. Use the percentage formula to find the unknown value when two values are known.

Increases and Decreases.

Find the amount of increase or decrease in percent problems. Find the new amount directly in percent problems. Find the rate or the base in increase or decrease problems.

7. Business Statistics.

Measures of Central Tendency.

Find the mean. Find the median. Find the mode.

Frequency Distributions and Graphs.

Make and interpret a frequency distribution. Interpret and draw a bar graph. Interpret and draw a line graph. Interpret and draw a circle graph.

Measures of Dispersion.

Find the range. Find the standard deviation.

8. Trade and Cash Discounts.

Net Price and the Trade Discount.

Find the trade discount using a single trade discount rate; find the net price using the trade discount. Find the net price using the complement of the single trade discount rate.

Net Price and the Trade Discount Series.

Find the net price, applying a trade discount series and using the net decimal equivalent. Find the trade discount, applying a trade discount series and using the single discount equivalent.

Net Amount and the Cash Discount.

Find the cash discount and the net amount using ordinary dating terms. Interpret and apply end-of-month (EOM) terms. Interpret and apply receipt-of-goods (ROG) terms. Find the amount credited and the outstanding balance from partial payments. Interpret freight terms.

9. Markup and Markdown.

Markup Based on Cost.

Find the cost, markup, or selling price when any two of the three are known. Find the percent of markup based on the cost when the cost and selling price are known. Find the selling price when the cost and the percent of markup based on the cost are known. Find the cost when the amount of markup and the percent of markup based on cost are known. Find the cost when the selling price and the percent of markup based on the cost are known.

Markup Based on Selling Price and Markup Comparisons.

Find the amount of markup and the percent of markup based on the selling price when the cost and selling price are known. Find the selling price when the amount of markup and the percent of markup based on the selling price are known. Find the selling price when the cost and the percent of markup based on the selling price are known. Find the cost when the selling price and the percent of markup based on the selling price are known. Compare the markup based on the cost with the markup based on the selling price.

Markdown, Series of Markdowns, and Perishables.

Find the amount of markdown, the reduced (new) price, and the percent of markdown. Find the final selling price for a series of markdowns. Find the selling price for a desired profit on perishable and seasonal goods.

10. Payroll.

Gross Pay.

Find the gross pay per paycheck based on salary. Find the gross pay per weekly paycheck based on hourly wage. Find the gross pay per paycheck based on piecework wage. Find the gross pay per paycheck based on commission.

Payroll Deductions.

Find the federal tax withholding per paycheck using IRS tax tables. Find federal tax withholding per paycheck using the IRS percentage method. Find Social Security tax and Medicare tax per paycheck. Find net earnings per paycheck.

The Employer's Payroll Taxes.

Find an employers total deposit for withholding tax, Social Security tax, and Medicare tax per pay period. Find an employers SUTA tax and FUTA tax due for a quarter.

11. Simple Interest and Simple Discount.

The Simple Interest Formula.

Find simple interest using the simple interest formula. Find the maturity value of a loan. Convert months to a fractional or decimal part of a year. Find the principal, rate, or time using the simple interest formula.

Ordinary and Exact Time and Interest.

Find ordinary and exact time. Find the due date. Find the ordinary interest rate per day and the exact interest rates per day. Find simple interest using a table.

Promissory Notes.

Find the bank discount and proceeds for a simple discount note. Find the third-party discount and proceeds for a third-party discount note.

12. Consumer Credit.

Installment Loans and Closed-End Credit.

Find the amount financed, the installment price, and the finance charge of an installment loan. Find the installment payment of an installment loan. Find the estimated annual percentage rate (APR) using a table.

Paying a Loan Before It Is Due: The Rule of 78.

Find the interest refund using the rule of 78.

Open-End Credit.

Find the finance charge and new balance using the average daily balance method.

13. Compound Interest, Future Value, and Present Value.

Compound Interest and Future Value.

Find the future value by compounding manually. Find the future value using a $1.00 future value table. Find the effective interest rate. Find the interest compounded daily using a table.

Present Value.

Find the present value based on annual compounding for one year. Find the present value using a $1.00 present value trade.

14. Annuities and Sinking Funds.

Future Value of an Annuity.

Find the future value of an ordinary annuity using the simple interest formula method. Find the future value of an ordinary annuity using a $1.00 ordinary annuity future value table. Find the future value of an annuity due using the simple interest formula method. Find the future value of an annuity due using a $1.00 ordinary annuity future value table.

Sinking Funds and the Present Value of an Annuity.

Find the sinking fund payment using a $1.00 sinking fund payment table. Find the present value of an ordinary annuity using a $1.00 ordinary annuity present value table.

15. Mortgages.

Mortgage Payments.

Find the monthly mortgage payment using a table. Find the total interest on a mortgage.

Amortization Schedule.

Prepare a partial amortization schedule of a mortgage.

16. Depreciation.

Depreciation Methods for Financial Statement Reporting.

Depreciate an asset and prepare a depreciation schedule using the straight-line method. Depreciate an asset and prepare a depreciation schedule using the units-of-production method. Depreciate an asset and prepare a depreciation schedule using the sum-of-the-years-digits method. Depreciate an asset and prepare a depreciation schedule using the declining-balance method.

Depreciation Methods for IRS Reporting.

Depreciate an asset and prepare a depreciation schedule using the modified accelerated cost-recovery system (MACRS). Depreciate an asset after taking a section 179 deduction.

17. Inventory.

Inventory.

Use the specific identification inventory method to find the ending inventory and the cost of goods sold. Use the weighted-average inventory method to find the ending inventory and the cost of goods sold. Use the first-in, first-out (FIFO) inventory method to find the ending inventory and the cost of goods sold. Use the last-in, first-out (LIFO) inventory method to find the ending inventory and the cost of goods sold. Use the gross profit method to estimate the ending inventory and the cost of goods sold.

Turnover and Overhead.

Find the inventory turnover rate. Find the department overhead based on sales or floor space.

18. Insurance.

Life Insurance.

Estimate life insurance premiums using a rate table. Apply the extended term nonforfeiture option to a cancelled straight-life policy.

Property Insurance.

Estimate fire insurance premiums using a rate table. Find the refund for a cancelled policy. Find the compensation with a coinsurance clause.
 
Motor Vehicle Insurance.

Find automobile insurance premiums using rate tables.

19. Taxes.

Sales Tax.

Use the percent method to find the sales tax. Find the marked price and the sales tax from the total price.

Property Tax.

Find the assessed value. Calculate property tax. Determine the property tax rate.

Income Taxes.

Find taxable income. Use the tax tables to calculate income tax. Use the tax rate schedules to calculate income tax.

20. Financial Statements.

The Balance Sheet.

Prepare a balance sheet. Prepare a vertical analysis of a balance sheet. Prepare a horizontal analysis of a balance sheet.

Income Statements.

Prepare an income statement. Prepare a vertical analysis of an income statement. Prepare a horizontal analysis of an income statement.

Financial Statement Ratios.

Find and use financial ratios.

21. Stocks and Bonds.

Stocks.

Read stock listings. Calculate and distribute dividends.

Bonds and Mutual Funds.

Read bond listings. Calculate the price of bonds. Read mutual fund listings.

    For arithmetic-based Business Math courses at the undergraduate level. Will sometimes fit courses titled Consumer Math or Personal Finance. 

     

    The focus of the 8th Edition of Business Mathematics is to provide students with the tools they need to solve mathematical problems they will encounter in both their personal and professional lives. Students are presented math in contexts that are familiar to them and that they care about: math needed for everyday business transactions, math needed to make important personal finance decisions, and math needed to start or run a small business.

     

    Now available with Business Math, 8/e:

     

    MathXL® and MyMathLab® for Business Math provide a powerful classroom management, homework, tutorial, and assessment tools. Students can take chapter quizzes or tests in MathXL and MyMathLab and receive personalized study plans based on their test results. The study plan diagnoses weaknesses and links students directly to tutorial exercises for the outcomes they need to study and retest. All student work can be tracked in MathXL’s online gradebook. Three packaging options--MyMathLab, MathXL, or MathXL Tutorials on CD--provide flexible platforms to fit your course goals. For more information, visit our websites at www.mymathlab.com and www.mathxl.com, or contact your sales representative.

     

    This text is also available in a brief version:  Business Math, Brief Edition, 8e, Cleaves/Hobbs

  • 0136054935Business Math & Study Guide Package, 8/E
    Cleaves & Hobbs
    © 2009 | Prentice Hall | Kit/Package/ShrinkWrap | Instock
    ISBN-10: 0136054935 | ISBN-13: 9780136054931
    Brief Description | Buy from myPearsonStore

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