Business Math

Business math is the study of mathematics required by the field of business. Business professionals will work with taxes, gross earnings, product prices, and currency exchange; they will be offered loans, lines of credit, mortgages, leases, savings bonds, and other financial tools. This textbook covers all of these topics and how these financial tools can maximize their earnings and minimize their costs. It discusses how to execute smart monetary decisions both personally and for their business.

Applied Mathematics Mathematics

Tác giả: Jean-Paul Olivier
Nhà xuất bản: Red River College of Applied Arts, Science, & Technology
Nguồn: LibreTexts
Giấy phép: CC BY-NC-SA
Ngôn ngữ: EN
Danh mục: Quản trị kinh doanh

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Mục lục· 144 mục

01: Succeeding in Business Mathematics (How To Use This Textbook)
1.01: Introduction
1.01: What Is Business Math
1.02: How Can I Use The Features Of This Book To My Advantage
1.03: Where Do We Go From Here
1.04: Rounding Rules (Appendix 1)
1.E: Succeeding in Business Mathematics (Exercises)
02: Back To The Basics (Shoulder Check)
2.00: Introduction
2.0S: 2.S: Back To The Basics (Summary)
2.01: Order of Operations (Proceed In An Orderly Manner)
2.02: Fractions Decimals and Rounding (Just One Slice Of Pie Please)
2.03: Percentages (How Does It All Relate)
2.04: Algebraic Expressions (The Pieces Of The Puzzle)
2.05: Linear Equations - Manipulating and Solving (Solving the Puzzle)
2.06: Natural Logarithms (How Can I Get That Variable Out of the Exponent)
2.E: Back To The Basics (Exercises)
03: General Business Management Applications (Get Your Motor Running)
3.00: Introduction to General Business Management Applications
3.01: Percent Change (Are We Up Or Down)
3.02: Averages (What Is Typical)
3.03: Ratios Proportions and Prorating (It Is Only Fair)
3.04: General Business Management Applications (Summary)
3.05: Forecasting Future Sales)
3.E: General Business Management Applications (Exercises)
04: Human Resources and Economic Applications (Its All about the People)
4.00: Introduction
4.0S: 4.S: Human Resources and Economic Applications (Summary)
4.01: Gross Earnings (Off to Work You Go)
4.02: Personal Income Tax (The Taxman Taketh)
4.03: Indexes (The Times Are Changing)
4.CS: 4.CS: Human Resources and Economic Applications (Case Study-Payroll Planning)
4.E: Human Resources and Economic Applications (Exercises)
05: Marketing and Accounting Fundamentals (Keeping Your Nose above Water)
5.00: Introduction
5.01: Cost-Revenue-Net Income Analysis (Need to Be in the Know)
5.02: Break-Even Analysis (Sink or Swim)
5.03: Marketing and Accounting Fundamentals (Summary)
5.04: Case Study: Forecasting the Impact of Revenue and Cost Changes
5.E: Marketing and Accounting Fundamentals (Exercises)
06: Marketing Applications (What Is It Going to Cost Me)
6.00: Introduction to Marketing Applications
6.01: Figuring Out the Cost - Discounts (How Much)
6.02: Markup- Setting the Regular Price (Need to Stay in Business)
6.04: Section 4-
6.05: Section 5-
6.06: Section 6-
6.CS: Case Study (Making a Profitable Product Selection)
6.E: Marketing Applications (Exercises)
07: Accounting Applications
7.00: Introduction
7.01: Sales Taxes
7.02: Property Taxes
7.03: Exchange Rates and Currency Exchange
7.04: Invoicing - Terms of Payment and Cash Discounts
7.05: Summary
7.06: Case Study - Completing Summary Financial Reports
7.E: Accounting Applications (Exercises)
08: Simple Interest Working With Single Payments and Applications
8.00: Introduction
8.01: Principal Rate Time
8.02: Moving Money Involving Simple Interest
8.03: Savings Accounts And Short-Term GICs
8.04: Application - Promissory Notes
8.05: Application - Loans
8.06: Application - Treasury Bills and Commercial Papers
8.07: Summary
8.08: Case Study - Managing A Company's Investments
8.E: Simple Interest- Working With Single Payments and Applications (Exercises)
09: Compound Interest Working With Single Payments
9.00: Introduction
9.01: Compound Interest Fundamentals
9.02: Determining the Future Value
9.03: Determining the Present Value
9.04: Equivalent Payments
9.05: Determining the Interest Rate
9.06: Equivalent and Effective Interest Rates
9.07: Determining the Number of Compounds
9.08: Summary
9.09: Case Study - Exploring Different Sources Of Compound Financing
9.E: Compound Interest- Working With Single Payments (Exercises)
10: Compound Interest Applications Involving Single Payments
10.00: Introduction
10.01: Application - Long-Term GICs
10.02: Application - Long-Term Promissory Notes
10.03: Application - Savings Bonds
10.04: Application - Strip Bonds
10.05: Application - Inflation Purchasing Power and Rates Of Change
10.06: Summary
10.07: Case Study - How Much Interest Is Really Earned
10.E: Compound Interest- Applications Involving Single Payments (Exercises)
11: Compound Interest Annuities
11.00: Introduction
11.01: Fundamentals of Annuities
11.02: Future Value Of Annuities
11.03: Present Value Of Annuities
11.04: Annuity Payment Amounts
11.05: Number Of Annuity Payments
11.06: Annuity Interest Rates
11.07: Summary
11.08: Case Study - Developing Product Payment Plans
11.E: Compound Interest- Annuities (Exercises)
12: Compound Interest Special Applications Of Annuities
12.00: Introduction
12.01: Deferred Annuities
12.02: Constant-Growth Annuities
12.03: Perpetuities
12.04: Leases
12.05: Application - How To Purchase A Vehicle
12.06: Application - Planning Your RRSP
12.07: Summary
12.08: Case Study - Should You Go On Strike
12.E: Compound Interest- Special Applications Of Annuities (Exercises)
13: Understanding Amortization and its Applications
13.00: Introduction
13.01: Calculating Interest and Principal Components
13.02: Calculating the Final Payment
13.03: Amortization Schedules
13.04: Special Application - Mortgages
13.05: Summary
13.06: Case Study - Cash Or Credit
13.E: Understanding Amortization and its Applications (Exercises)
14: Bonds and Sinking Funds
14.00: Introduction
14.01: Determining the Value of a Bond
14.02: Calculating a Bonds Yield
14.03: Sinking Fund Schedules
14.04: Debt Retirement and Amortization
14.05: Summary
14.06: Case Study - Financing An Acquisition Through Bonds
14.E: Bonds and Sinking Funds (Exercises)
15: Making Good Decisions
15.00: Introduction
15.01: Net Present Value
15.02: Other Measures For Making Decisions
15.03: Summary
15.CS: Case Study - Choosing a New Supplier
15.E: Making Good Decisions (Exercises)
16: Appendices
16.01: Exercise Solutions
16.02: Bibliography
16.03: Rounding Rules
16.04: Formula Sheet
16.NS: Notation Summary