Table of Contents
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\(\newcommand{\avec}{\mathbf a}\) \(\newcommand{\bvec}{\mathbf b}\) \(\newcommand{\cvec}{\mathbf c}\) \(\newcommand{\dvec}{\mathbf d}\) \(\newcommand{\dtil}{\widetilde{\mathbf d}}\) \(\newcommand{\evec}{\mathbf e}\) \(\newcommand{\fvec}{\mathbf f}\) \(\newcommand{\nvec}{\mathbf n}\) \(\newcommand{\pvec}{\mathbf p}\) \(\newcommand{\qvec}{\mathbf q}\) \(\newcommand{\svec}{\mathbf s}\) \(\newcommand{\tvec}{\mathbf t}\) \(\newcommand{\uvec}{\mathbf u}\) \(\newcommand{\vvec}{\mathbf v}\) \(\newcommand{\wvec}{\mathbf w}\) \(\newcommand{\xvec}{\mathbf x}\) \(\newcommand{\yvec}{\mathbf y}\) \(\newcommand{\zvec}{\mathbf z}\) \(\newcommand{\rvec}{\mathbf r}\) \(\newcommand{\mvec}{\mathbf m}\) \(\newcommand{\zerovec}{\mathbf 0}\) \(\newcommand{\onevec}{\mathbf 1}\) \(\newcommand{\real}{\mathbb R}\) \(\newcommand{\twovec}[2]{\left[\begin{array}{r}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\ctwovec}[2]{\left[\begin{array}{c}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\threevec}[3]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\cthreevec}[3]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\fourvec}[4]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\cfourvec}[4]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\fivevec}[5]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\cfivevec}[5]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\mattwo}[4]{\left[\begin{array}{rr}#1 \amp #2 \\ #3 \amp #4 \\ \end{array}\right]}\) \(\newcommand{\laspan}[1]{\text{Span}\{#1\}}\) \(\newcommand{\bcal}{\cal B}\) \(\newcommand{\ccal}{\cal C}\) \(\newcommand{\scal}{\cal S}\) \(\newcommand{\wcal}{\cal W}\) \(\newcommand{\ecal}{\cal E}\) \(\newcommand{\coords}[2]{\left\{#1\right\}_{#2}}\) \(\newcommand{\gray}[1]{\color{gray}{#1}}\) \(\newcommand{\lgray}[1]{\color{lightgray}{#1}}\) \(\newcommand{\rank}{\operatorname{rank}}\) \(\newcommand{\row}{\text{Row}}\) \(\newcommand{\col}{\text{Col}}\) \(\renewcommand{\row}{\text{Row}}\) \(\newcommand{\nul}{\text{Nul}}\) \(\newcommand{\var}{\text{Var}}\) \(\newcommand{\corr}{\text{corr}}\) \(\newcommand{\len}[1]{\left|#1\right|}\) \(\newcommand{\bbar}{\overline{\bvec}}\) \(\newcommand{\bhat}{\widehat{\bvec}}\) \(\newcommand{\bperp}{\bvec^\perp}\) \(\newcommand{\xhat}{\widehat{\xvec}}\) \(\newcommand{\vhat}{\widehat{\vvec}}\) \(\newcommand{\uhat}{\widehat{\uvec}}\) \(\newcommand{\what}{\widehat{\wvec}}\) \(\newcommand{\Sighat}{\widehat{\Sigma}}\) \(\newcommand{\lt}{<}\) \(\newcommand{\gt}{>}\) \(\newcommand{\amp}{&}\) \(\definecolor{fillinmathshade}{gray}{0.9}\)1: Succeeding in Business Mathematics (How To Use This Textbook)
1.0: Introduction 1.1: What Is Business Math? 1.2: How Can I Use The Features Of This Book To My Advantage? 1.3: Where Do We Go From Here? 1.A1: Rounding Rules (Appendix 1)
2: Back To The Basics (Shoulder Check)
2.0: Introduction 2.1: Order of Operations (Proceed In An Orderly Manner) 2.3: Percentages (How Does It All Relate?) 2.4: Algebraic Expressions (The Pieces Of The Puzzle) 2.5: Linear Equations - Manipulating and Solving (Solving the Puzzle) 2.6: Natural Logarithms (How Can I Get That Variable Out of the Exponent?) 2.S: Back To The Basics (Summary)
3: General Business Management Applications (Get Your Motor Running)
This chapter covers universal business mathematics you will use whether your chosen business profession is marketing, accounting, production, human resources, economics, finance, or something else altogether. To be a successful manager you need to understand percent changes, averages, ratios, proportions, and prorating.3.0: Introduction to General Business Management Applications 3.1: Percent Change (Are We Up Or Down?) 3.2: Averages (What Is Typical?) 3.3: Ratios, Proportions, and Prorating (It Is Only Fair) 3.CS General Business Management Applications (Case Study: Forecasting Future Sales) 3.S General Business Management Applications (Summary)
4: Human Resources and Economic Applications (It's All about the People)
4.0: Introduction 4.1: Gross Earnings (Off to Work You Go) 4.2: Personal Income Tax (The Taxman Taketh) 4.3: Indexes (The Times Are Changing) 4.CS: Human Resources and Economic Applications (Case Study:Payroll Planning) 4.S: Human Resources and Economic Applications (Summary)
5: Marketing and Accounting Fundamentals (Keeping Your Nose above Water)
This chapter introduces the global model of the relationship between costs and revenues. It shows the overall cost structure of a business and introduces models for developing total costs and total revenues. It explains how you calculate net income and contribution margins. Armed with all of this knowledge, you can then answer the break-even question: How much does the business need to sell to cover its costs?5.0: Introduction 5.1: Cost-Revenue-Net Income Analysis (Need to Be in the Know) 5.2: Break-Even Analysis (Sink or Swim) 5.3: Marketing and Accounting Fundamentals (Case Study Forecasting the Impact of Revenue and Cost Changes) 5.S: Marketing and Accounting Fundamentals (Summary) Section 6:
6: Marketing Applications (What Is It Going to Cost Me?)
6.0: Introduction to Marketing Applications 6.1: Figuring Out the Cost - Discounts (How Much?) 6.2: Markup: Setting the Regular Price (Need to Stay in Business) Section 4: Section 5: Section 6:
Appendices
Section 1: Section 2: Section 3: Section 4: Section 5: Section 6:
Back Matter
Chapter 10
Section 1: Section 2: Section 3: Section 4: Section 5: Section 6:
Chapter 11
Section 1: Section 2: Section 3: Section 4: Section 5: Section 6:
Chapter 12
Section 1: Section 2: Section 3: Section 4: Section 5: Section 6:
Chapter 13
Section 1: Section 2: Section 3: Section 4: Section 5: Section 6:
Chapter 14
Section 1: Section 2: Section 3: Section 4: Section 5: Section 6:
Chapter 15
Section 1: Section 2: Section 3: Section 4: Section 5: Section 6:
Chapter 7
Section 1: Section 2: Section 3: Section 4: Section 5: Section 6:
Chapter 8
Section 1: Section 2: Section 3: Section 4: Section 5: Section 6:
Chapter 9
Section 1: Section 2: Section 3: Section 4: Section 5: Section 6:
Front Matter
TitlePage InfoPage Table of Contents Textbook Features A Note on Rounding Rules About The Author