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Introduction
Conventions Used in This Book
Foolish Assumptions
How This Book Is Organized
Part II: Taking Intriguing Math to Work
Part III: Discovering the Math of Finance and Investments
Part IV: Putting Math to Use in Banking and Payroll
Part VII: The Part of Tens
Icons Used in This Book
Where to Go from Here
Chapter 1
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
Chapter 2
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
Multiplying and dividing fractions
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
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
Familiarizing Yourself with a Formula
Identifying variables and replacing them correctly
Recognizing operations
Simplifying and Solving a Formula
Operating according to the order of operations
Making sure what you have makes sense
Computing with Technology
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
Converting from Unit to Unit
Using the conversion proportion
Lining up the linear measures
Spreading out with measures of area
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 MeasureLumber
Measuring Angles by Degrees
Breaking down a degree
Fitting angles into polygons
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
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 interestyou’ve earned
Noting the difference between effectiveand nominal rates
Finding present value when interest is compounding
Determining How Variable Changes Affect Money Accumulation
Comparing rate increases to increasedcompounding
Comparing rate increases to increases in time
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
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
Paying a commission
Investing in the public: Buying bonds
Paying more than required each month
Working with Installment Loans
Calculating the annual percentage rate
Making purchases using an installment plan
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
Determining interest using your daily balance
Making reconciliation simple
Finding the errors
Surveying the Types of Insurance Available
Living It Up with Life Insurance
Insuring with a group
Protecting Yourself from Loss by Insuring Your Property
Considering coinsurance
Examining multiyear contracts
Taking advantage of multiple building insurance coverage
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
Pay Up: Calculating Employee Earnings
Dividing to determine a timely paycheck
Determining an hourly wage
Taking care of commission payments
Subtracting Payroll Deductions
Computing federal income tax
Determining Social Security contributions
Determining markups and retail prices
Examining Markups and Retail Prices
Making sense of markups
Working with the retail price
Exploring Discount Pricing
Discounting once
Successive or multiple discounts
Going for a volume discount
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
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
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
A circle
Ellipses
Squaring Off with Square Measurements
Figuring total area in various measurements
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 SurveySystem
Basing measures on meridians
Subdividing the 24-mile square
Closing In on Closing Costs
Dealing with down payments
Paying down using points
Considering appraisal fees
Prorating property tax
Amortizing Loans with ThreeDifferentMethods
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
Investigating Alternative Loans
Taking out a contract for deed
Building a construction loan
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
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
Index
P. 1

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Now, it is easier than ever before to understand complex mathematical concepts and formulas and how they relate to real-world business situations. All you have to do it apply the handy information you will find in Business Math For Dummies. Featuring practical practice problems to help you expand your skills, this book covers topics like using percents to calculate increases and decreases, applying basic algebra to solve proportions, and working with basic statistics to analyze raw data. Find solutions for finance and payroll applications, including reading financial statements, calculating wages and commissions, and strategic salary planning.

Navigate fractions, decimals, and percents in business and real estate transactions, and take fancy math skills to work. You’ll be able to read graphs and tables and apply statistics and data analysis. You’ll discover ways you can use math in finance and payroll investments, banking and payroll, goods and services, and business facilities and operations. You’ll learn how to calculate discounts and markup, use loans and credit, and understand the ins and outs of math for business facilities and operations. You’ll be the company math whiz in no time at all! Find out how to:

Read graphs and tables Invest in the future Use loans and credit Navigate bank accounts, insurance, budgets, and payroll Calculate discounts and markup Measure properties and handle mortgages and loans Manage rental and commercial properties

Complete with lists of ten math shortcuts to do in meetings and drive your coworkers nuts and ten tips for reading annual reports, Business MathFor Dummies is your one-stop guide to solving math problems in business situations.

Now, it is easier than ever before to understand complex mathematical concepts and formulas and how they relate to real-world business situations. All you have to do it apply the handy information you will find in Business Math For Dummies. Featuring practical practice problems to help you expand your skills, this book covers topics like using percents to calculate increases and decreases, applying basic algebra to solve proportions, and working with basic statistics to analyze raw data. Find solutions for finance and payroll applications, including reading financial statements, calculating wages and commissions, and strategic salary planning.

Navigate fractions, decimals, and percents in business and real estate transactions, and take fancy math skills to work. You’ll be able to read graphs and tables and apply statistics and data analysis. You’ll discover ways you can use math in finance and payroll investments, banking and payroll, goods and services, and business facilities and operations. You’ll learn how to calculate discounts and markup, use loans and credit, and understand the ins and outs of math for business facilities and operations. You’ll be the company math whiz in no time at all! Find out how to:

Read graphs and tables Invest in the future Use loans and credit Navigate bank accounts, insurance, budgets, and payroll Calculate discounts and markup Measure properties and handle mortgages and loans Manage rental and commercial properties

Complete with lists of ten math shortcuts to do in meetings and drive your coworkers nuts and ten tips for reading annual reports, Business MathFor Dummies is your one-stop guide to solving math problems in business situations.

Publish date: Sep 29, 2008
Added to Scribd: Jan 27, 2010

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12/19/2014

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