Type:
Solution Manual
Resource:
Business Mathematics
Edition:
14th Edition
Author(s):
Gary Clendenen Stanley Salzman
INSTRUCTOR’S RESOURCE MANUAL DEANA RICHMOND
BUSINESS M ATHEMATICS F OURTEENTH EDITION Gary Clendenen Siena College
Stanley A. Salzman American River College
CONTENTS TEACHING SUGGESTIONS
1
PRETEST AND ANSWERS
37
PRETEST - BUSINESS MATHEMATICS
39
ANSWERS TO PRETEST - BUSINESS MATHEMATICS
41
CHAPTER TEST FORMS
43
CHAPTER 1
Whole Numbers and Decimals
45
CHAPTER 2
Fractions
61
CHAPTER 3
Percents
77
CHAPTER 4
Equations and Formulas
93
CHAPTER 5
Bank Services
109
CHAPTER 6
Payroll
133
CHAPTER 7
Mathematics of Buying
157
CHAPTER 8
Mathematics of Selling
173
CHAPTER 9
Simple Interest
189
CHAPTER 10 Compound Interest and Inflation
201
CHAPTER 11 Annuities, Stocks, and Bonds
217
CHAPTER 12 Business and Consumer Loans
233
CHAPTER 13 Taxes and Insurance
245
CHAPTER 14 Depreciation
257
CHAPTER 15 Financial Statements and Ratios
269
CHAPTER 16 Budgeting and Business Statistics
293
ANSWERS TO CHAPTER TEST FORMS
317
FINAL EXAMS AND ANSWERS
371
FINAL EXAM - FORM A
373
FINAL EXAM - FORM B
379
ANSWERS TO FINAL EXAM- FORM A
385
ANSWERS TO FINAL EXAM- FORM B
387
iii
PREFACE Business Mathematics, 14e, written by Gary Clendenen and Stanley A. Salzman, has been carefully revised to provide a complete course in those mathematical topics needed for success in modern business. More than enough topics are included for a full semester course. For shorter courses, the wide range of topics permits the selection of those chapters and sections which best fit individual instructor and class needs. Each section approximates the material covered in one classroom hour of instruction. This does vary, depending on the difficulty of the material and the ability of the student. At the beginning of the course, it is usually beneficial to demonstrate to students the many features of the textbook and to share the benefits of using these features to the maximum advantage. The discussion should include the learning objectives at the beginning of each section. Be sure to point out the CASE IN POINT section openers, the learning aids labeled Quick TIP, the QUICK START exercises at the beginning of each exercise set, and the Quick Review, Case Study, Case in Point Summary Exercise, and Test that conclude each chapter. The answers for odd-numbered exercises, the Case Study, Case in Point Summary Exercise, and all chapter tests are provided in the back of the text. Instructors may choose to make the solutions to all exercises available to students. Students should also be reminded that there is a complete glossary of key terms at the back of the textbook. The chapter sequence is designed to be as flexible as possible. Chapters 1-3 present basic prerequisite material, allowing for a great deal of flexibility in course planning. The number of chapters covered and the specific chapters used in a course vary according to time available (quarter or semester) and ability of students. Most business mathematics courses include the material in Chapters 1-13, as well as Chapter 16. Instructors can choose other topics depending on interests and time constraints. The teaching suggestions for each chapter are derived from the successful experiences of instructors who have taught business mathematics for many years. They are offered to give suggestions and ideas to help the instructor work more efficiently and achieve greater success in the classroom. Suggestions and comments are included for each chapter, with a recommended exercise assignment for each section.
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v
TO THE INSTRUCTOR This introductory section may be used the first day of class. Each student should be made aware of the importance of the material of this course as he/she begins and progresses in a career. Many students can benefit from the suggestions of how to become successful in this business mathematics course. The Business Mathematics Pretest included in this manual may be used for class testing to measure overall abilities of each student. During the first class meeting, students may be assigned the Business Mathematics Pretest found in the textbook. The pretest could be reviewed in the second class meeting and the results used to determine whether or not to cover Chapter 1. The Instructor’s Resource Manual provides several tools for instructors using Business Mathematics, 14e, by Gary Clendenen and Stanley A. Salzman.
vi
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Teaching suggestions, including suggested assignments, are provided to assist instructors with course planning.
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A business mathematics pretest is supplied to assist faculty with student placement.
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Four open-response and two multiple-choice test forms are provided for each chapter. All test forms for a particular chapter are designed to be of equal difficulty.
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Two open-response forms of a final examination are provided.
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For the instructor’s convenience, necessary tables needed to complete the exams are included.
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