BUSINESS MATH, 17E provides comprehensive coverage of personal and business-related mathematics. In addition to reviewing the basic operations of arithmetic, students are prepared to understand and manage their personal finances, as well as grasp the fundamentals of business finances.

BUSINESS MATH, 17E prepares students to be smart shoppers, informed taxpayers, and valued employees. Basic math skills are covered in a step-by-step manner, building confidence in users before they try it alone.

Spreadsheet applications are available on the Data Activities CD, and a simulation activity begins every chapter.

Chapters are organized into short lessons for ease of instruction and include algebra connections, group and class activities, communication skills, and career spotlights.

Preview the Book: Business Math, 17th Edition

Hardcover: 688 pages
Author: Mary Hansen
Publisher: South-Western Educational Pub; 17 edition (March 24, 2009)
ISBN-10: 0538448733
ISBN-13: 978-0538448734

Download Excerpt: Business Math, 17th Edition

PDF format. Chapter 1, 15MB.

CHAPTER 1 Gross Pay
1-1 Hourly Pay
1-2 Salary
1-3 Commission
1-4 Other Wage Plans
1-5 Average Pay

The level of education people receive consistently affects their earning power. Statistics from the Department of Labor show an American with a college degree earns a median weekly income of $941; while a person without a high school diploma earns $388. Use the bar graph to answer Questions 1–5.

1. What percent of a college graduate’s earnings does a high school graduate make? 57%
2. About how many weeks would a person without a high school diploma have to work to earn what a person with some college does in one week? about 2
3. How much less each week does a person that did not finish high school earn than a college graduate? $553
4. If the average person earns a 4-yr college degree by the age of 22, about how old would that person be when he or she earns in excess of $1,000,000 in gross wages? between 42 and 43 years old
5. If the average age of a person that drops out of high school is 17 years old, is it likely that a person that does not finish high school will earn in excess of $1,000,000 in gross wages before retirement at the age of 65? Explain. No; A person that does not finish high school is likely to have earned $1,000,000 at the age of 66 ...

Table of Contents
1. GROSS PAY.
Hourly Pay. Salary. Commission. Other Wage Plans. Average Pay.
2. NET PAY.
Deductions from Gross Pay. Federal Taxes. State and Local Taxes. Employee Benefits and Job Expenses. Take-Home Pay.
3. BANKING. Savings Accounts.
Checking Accounts. Electronic Banking. Check Register reconciliation. Money Markets and CD Accounts. Annuities.
4. CREDIT CARDS. Credit Card Costs.
Credit Card Finance Charges. Average Daily Balance Method. Cash Advances. Debit Cards. Debt Management.
5. LOANS. Promissory Notes.
Calculating Interest. Installment Loans. Early Loan Repayment. Annual Percentage Rates.
6. OWN A HOME OR A CAR.
Borrowing to Buy a Home. Renting or Owning a Home. Property Tax. Property Insurance. Buying a Car. Car Purchases and Leases. Deprecating a Car. Cost of Owning a Car.
7. INSURANCE AND INVESTMENTS.
Life Insurance. Health Insurance. Other Types of Insurance. Bonds. Bonds Interest. Stocks. Mutual Funds. Real Estate. Retirement Investments.
8. BUDGETS.
Average Monthly Expenses. Creating a Budget. Optional Personal Expenses. Best Buys. Adjusting a Budget. Economic Statistics.
9. SALES AND MARKETING.
Cash Sales and Sales on Account. Cash and Trade Discounts. Series Trade Discounts. Markup and Markdown. Marketing Surveys. Sales Forecasts. Market Share. Advertising Costs.
10. COSTS MANAGEMENT.
Manufacturing Costs. Breakeven Point. Depreciation Costs. Shipping Costs. Overhead Costs. Travel Expenses.
11. PEOPLE AND INVENTORY MANAGEMENT.
Wage and Salary Increases. Total Costs of Labor. Tracking and Reordering Inventory. Inventory Valuation. Ordering and Carrying Inventory.
12. BUSINESS PROFIT AND LOSS.
Preparing Income Statements. Analyzing Income Statements. Partnership Income.Preparing Balance Sheets. Analyzing Balance Sheets. Bankruptcy.
13. INTERNATIONAL BUSINESS.
Production, Trade, and Finance. International Time and Temperature. International Measures of Length. International Measures of Area. International Measures of Capacity and Weight.

About the Author
Mary Hansen received her B.A. in mathematics and M.A.T in education from Trinity University in San Antonio Texas.

She has taught mathematics and special education and the elementary, high school and college level in Texas, North Carolina and Kansas. She is the author of Business Math, 17e, and the co-author of three high school mathematics textbooks. She currently works as an educational consultant and freelance writer.