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Book Description:
Real-world and hands-on in approach, this book uses financial statements to explore the relationships between various business applications and accounting concepts and to show how mathematics can be used to formulate, analyze and resolve business problems. Begins with a review of mathematical concepts, presents solutions both algebraically and arithmetically, and features "Mind Your Business" activities--on-going, realistic business applications in which readers assume the role of a partner in a business called "Media World," create financial information, and make decisions that are the basis of monthly financial statement preparation and analysis. Solving Equations and Word Problems. Percents. Business Statistics and Graphs. Financial Statements and Analysis. Purchasing Merchandise. Pricing Merchandise. Simple Interest. Simple Discount. Compound Interest. Annuities. Business and Consumer Credit. Bank Services and Records. Securities and Distribution of Income and Expenses. Depreciation. Inventory Control. Payroll Systems. Taxes. Risk Management. For anyone needing hands-on instruction and practice in using arithmetic and algebra to solve real-world business problems.