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Business Math for Dummies

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ISBN-10: 0470233311

ISBN-13: 9780470233313

Edition: 2008

Authors: Mary Jane Sterling

List price: $21.99
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Business Math For Dummies takes complex mathematical theories and formulas and applies them to practical business situations. It also includes practical practice problems to help readers hone their skills.
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Book details

List price: $21.99
Copyright year: 2008
Publisher: John Wiley & Sons, Incorporated
Publication date: 6/30/2008
Binding: Paperback
Pages: 388
Size: 7.25" wide x 9.25" long x 1.00" tall
Weight: 1.320
Language: English

About This Book
Conventions Used in This Book
What You're Not to Read
Foolish Assumptions
How This Book Is Organized
Icons Used in This Book
Where to Go from Here
Reviewing Basic Math for Business and Real Estate Transactions
Starting from the Beginning
Fracturing the Myths about Fractions, Decimals, and Percents
Capitalizing on Patterns in Formulas
Finding the Power in Exponents
Doing Some Serious Counting
Painting a Pretty Picture
Fractions, Decimals, and Percents
Changing from Fractions to Decimals
Considering the two types of decimals
Rounding decimals up or down
Converting Decimals to Fractions
Ending up with terminating decimals
Dealing with repeating decimals
Understanding the Relationship between Percents and Decimals
Transforming from percents to decimals
Moving from decimals to percents
Dealing with more than 100%
Coming to Grips with Fractions
Adding and subtracting fractions
Multiplying and dividing fractions
Determining Percent Increase and Decrease
Working with Percent Increase
Computing new totals with increases
Determining the percent increase
Solving for the original amount
Looking into Percent Decrease
Finding new totals with decreases
Figuring out the percent decrease
Restoring the original price from a decreased price
Dealing with Proportions and Basic Algebra
Setting Up Proportions
Solving Proportions for Missing Values
Setting up and solving
Interpolating when necessary
Handling Basic Linear Equations
Comparing Values with Variation
Getting right to it with direct variation
Going the indirect route with indirect variation
Taking Intriguing Math to Work
Working with Formulas
Familiarizing Yourself with a Formula
Identifying variables and replacing them correctly
Adjusting for differing units
Recognizing operations
Simplifying and Solving a Formula
Operating according to the order of operations
Making sure what you have makes sense
Computing with Technology
Calculators: Holding the answer in the palm of your hand
Repeating operations: Simplifying your work with a computer spreadsheet
Reading Graphs and Charts
Organizing Scattered Information with a Scatter Plot
Lining Up Data with Line Graphs
Creating a line graph
Indicating gaps in graph values
Measuring Frequency with Histograms
Taking a Piece of a Pie Chart
Dividing the circle with degrees and percents
Measuring the World around You
Converting from Unit to Unit
Using the conversion proportion
Lining up the linear measures
Spreading out with measures of area
Adding a third dimension: Volume
Making Sense of the Metric System
Moving from one metric unit to another
Converting from metric to English and vice versa
Discovering How to Properly Measure Lumber
Measuring Angles by Degrees
Breaking down a degree
Fitting angles into polygons
Analyzing Data and Statistics
Organizing Raw Data
Creating a frequency distribution
Grouping values together in a frequency distribution
Finding the Average
Adding and dividing to find the mean
Locating the middle with the median
Understanding how frequency affects the mode
Factoring in Standard Deviation
Computing the standard deviation
Discovering the Math of Finance and Investments
Computing Simple and Compound Interest
Understanding the Basics of Interest
Simply Delightful: Working with Simple Interest
Computing simple interest amounts the basic way
Stepping it up a notch: Computing it all with one formula
Taking time into account with simple interest
Surveying some special rules for simple interest
Looking into the future with present value
Getting to Know Compound Interest
Figuring the amount of compound interest you've earned
Noting the difference between effective and nominal rates
Finding present value when interest is compounding
Determining How Variable Changes Affect Money Accumulation
Comparing rate increases to increased compounding
Comparing rate increases to increases in time
Investing in the Future
Calculating Investments Made with Lump Sums
Reading interest earnings from a table
Doubling your money, doubling your fun
Going the Annuity Route
Preparing your financial future with a sinking fund
Determining the payment amount
Finding the present value of an annuity
Computing the Payout from an Annuity
Receiving money from day one
Deferring the annuity payment
Understanding and Managing Investments
Interpreting the Daily Stock Market Quotations
Getting to know the stock quotations
Computing percent change
Using the averages to compute prices
Wrangling with the Ratios
Examining the stock yield ratio
Earning respect for the PE ratio
Working with earnings per share
Calculating profit ratios
Making Use of Your Broker
Buying stocks on margin
Paying a commission
Investing in the public: Buying bonds
Using Loans and Credit to Make Purchases
Taking Note of Promissory and Discount Notes
Facing up to notes that have full face value
Discounting the value of a promissory note
Borrowing with a Conventional Loan
Computing the amount of loan payments
Considering time and rate
Determining the remaining balance
Paying more than required each month
Working with Installment Loans
Calculating the annual percentage rate
Making purchases using an installment plan
Putting Math to Use in Banking and Payroll
Managing Simple Bank Accounts
Doing Business with Banks
Exploring the types of business bank accounts available
Understanding the importance of account management
Balancing Act: How You and the Bank Use Your Account Balance
Computing your average daily balance
Determining interest using your daily balance
Reconciling Your Account
Making reconciliation simple
Finding the errors
Protecting Against Risk with Insurance
Surveying the Types of Insurance Available
Living It Up with Life Insurance
Insuring with a group
Protecting your business with endowment insurance
Protecting Yourself from Loss by Insuring Your Property
Considering coinsurance
Examining multiyear contracts
Taking advantage of multiple building insurance coverage
Deferring premium payments
Planning for Success with Budgets
Choosing the Right Type of Budget
Cashing In on Cash Budgets
Looking at an example cash budget
Comparing budgeted and actual cash receipts
Varying with a Flexible Budget
Budgeting Across the Months
Using revenue budgets to deal with staggered income
Budgeting for ample inventory
Measuring Differences with Variance Analysis
Computing variance and percent variance
Finding a range for variance
Dealing with Payroll
Pay Up: Calculating Employee Earnings
Dividing to determine a timely paycheck
Part-timers: Computing the salary of seasonal and temporary workers
Determining an hourly wage
Taking care of commission payments
Subtracting Payroll Deductions
Computing federal income tax
Determining Social Security contributions
Successfully Handling the Math Used in the World of Goods and Services
Pricing with Markups and Discounts
Examining Markups and Retail Prices
Making sense of markups
Understanding how markups are a percentage of retail prices
Working with the retail price
Exploring Discount Pricing
Discounting once
Successive or multiple discounts
Going for a volume discount
Calculating Profit, Revenue, and Cost
Figuring Profit from Revenue and Cost
Understanding how volume affects profit, revenue, and cost
Seeing how price is sensitive to demand
Sorting out variable and fixed costs
What's It Gonna Be? Projecting Cost
Dividing up direct and indirect costs
Weighing historical and differential cost
Determining Break-Even Volume
Solving for break-even volume with a formula
Working out break-even volume from historical data
Accounting for Overhead and Depreciation
Keeping an Eye on Overhead Costs
Working with order-getting costs
Deciding on allocation options
Getting the Lowdown on Depreciation
The straight-line method
The sum-of-the-years' digits method
The declining balance method
Keeping Track of Inventory
Controlling Inventory and Turnover
Comparing cost inventory and retail inventory
Estimating turnover with an inventory ratio
FIFO and LIFO: Giving Order to Inventory
Determining Economic Order Quantity
Surviving the Math for Business Facilities and Operations
Measuring Properties
Exploring Area and Perimeter Formulas for Different Figures
Regular polygons
Squaring Off with Square Measurements
Figuring total area in various measurements
Adjusting for increased area
Taking frontage into consideration
Calculating acreage
Determining Cost per Foot
Renting space
Estimating building costs
Measuring Irregular Spaces
Breaking spaces into rectangles
Trying out triangles
Tracking trapezoids
Describing Property with Metes and Bounds
Surveyors' directions
Measuring a boundary
Understanding the Rectangular Survey System
Basing measures on meridians
Subdividing the 24-mile square
Taking Out Mortgages and Property-Related Loans
Closing In on Closing Costs
Dealing with down payments
Paying down using points
Considering appraisal fees
Prorating property tax
Amortizing Loans with Three Different Methods
Taking advantage of online calculators
Consulting mortgage payment tables
Working your brain with an old-fashioned formula
Going Off Schedule with Amortized Loans and Mortgages
Determining how much of your payment is interest
Altering the payments
Talking about Borrowing Power
Investigating Alternative Loans
Taking out a contract for deed
Building a construction loan
The Part of Tens
Ten Tips for Leasing and Managing Rental Property
Getting the Full Treatment with a Gross Lease
Using a Single Net Lease to Get Your Tenant to Share the Expenses
Signing a Double or Triple Net Lease
Trying Out a Percentage Lease
Stepping It Up with a Step Lease
Inserting Expense Provisions into Your Lease
Including an Allowance for Improvements in Your Lease
Protecting Your Lease with a Security Deposit
Adding a Sublease Clause to Your Commercial Lease
Deciding Whether You Should Renew, Renegotiate, or Break a Lease
Ten Things to Watch Out for When Reading Financial Reports
Apologies for Shortfalls
Blurring in the Overall Picture
Wishy-Washy Descriptions of Trends
An Overabundance of Footnotes
Listings of the Directors
Uncollected Revenues
A High Working Capital
Long-Term Debt
Low Profit Margins
Warning Words