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1 Beaverton Business- Accounting and Finance

Business Accounting & Finance Problem Solver (Rea's Problem Solvers)

by

Business Accounting & Finance Problem Solver (Rea's Problem Solvers) Cover

 

Synopses & Reviews

Publisher Comments:

Each Problem Solver is an insightful and essential study and solution guide chock-full of clear, concise problem-solving gems. All your questions can be found in one convenient source from one of the most trusted names in reference solution guides. More useful, more practical, and more informative, these study aids are the best review books and textbook companions available. Nothing remotely as comprehensive or as helpful exists in their subject anywhere. Perfect for undergraduate and graduate studies.

Here in this highly useful reference is the finest overview of business, accounting, and finance currently availablea, with hundreds of business, accounting, and finance problems that cover everything from advanced math skills to economic theories and from financial management theories to accounting skills. Each problem is clearly solved with step-by-step detailed solutions.

DETAILS

- The PROBLEM SOLVERS are unique - the ultimate in study guides.

- They are ideal for helping students cope with the toughest subjects.

- They greatly simplify study and learning tasks.

- They enable students to come to grips with difficult problems by showing them the way, step-by-step, toward solving problems. As a result, they save hours of frustration and time spent on groping for answers and understanding.

- They cover material ranging from the elementary to the advanced in each subject.

- They work exceptionally well with any text in its field.

- PROBLEM SOLVERS are available in 41 subjects.

- Each PROBLEM SOLVER is prepared by supremely knowledgeable experts.

- Most are over 1000 pages.

- PROBLEM SOLVERS are not meant to be read cover to cover. They offer whatever may be needed at a given time. An excellent index helps to locate specific problems rapidly.

- Educators consider the PROBLEM SOLVERS the most effective and valuable study aids; students describe them as "fantastic" - the best books on the market.

TABLE OF CONTENTS

Introduction

Chapter 1: Basic Math Skills

Addition and Subtraction

Multiplication

Division

Averages

Ratios and Percents

Conversion of Units

Chapter 2: Taxes

Sales Tax

Income Tax

Property Tax

Chapter 3: Insurance

Life Insurance

Social Security

Health Insurance

Automobile Insurance

Fire Insurance

Chapter 4: Intermediate Math Skills

Algebraic Equations

Cost, Revenue, and Production Functions

Chapter 5: Economic Theory

Microeconomics

Indifference and Demand Curve Analysis

Production and Cost Functions

Perfect and Imperfect Competition

Macroeconomics

Production Possibilities Frontiers

Keynesian Macroeconomics

Monetary Problems

Chapter 6: Advanced Math Skills

Rate of Change: Marginal Costs and Revenue

Cost Minimization

Profit Maximization Through Production Adjustments

Profit Maximization Through Price Adjustments

MANAGEMENT THEORY AND SKILLS

Chapter 7: Payroll

Wage Rates and Gross Earnings

Chapter 8: Commissions

Chapter 9: Advertising

Rate Per Advertisement

Milline Rate

Chapter 10: Transportation

Shipping and Mailing

Vehicle Rental

Chapter 11: Wholesale Discounts

Discounts and Discount Rates

Series Discounts

Terms of Discounts

Chapter 12: Retailing

Retailing Markdowns and Discounts

Markups

Chapter 13: Purchasing Decisions

Chapter 14: Analysis of Costs and Profits

Fundamentals

Present Worth

Rate of Return

Chapter 15: Corporate Operations

Costs and Price

Sales and Corporate Income

Accounting Systems

ACCOUNTING SKILLS

Chapter 16: Balance Sheets

Structure of the Balance Sheet

Journals, Ledgers, and Trial Balances

Rates and Ratios

Chapter 17: Financial Statements

Ratios and Minor Documents

Income Statements and Net Profits

Chapter 18: Inventory

Methods of Valuation

Open-To-Buy and Stockturn Rate

Chapter 19: Depreciation

Units of Production/Use Method and Straight-Line Method

Declining Balance Method

Sum of the Years' Digits Method and Comprehensive Problem

Chapter 20: Overhead Distribution

Floor Space Basis

Cost/Profit Basis

Chapter 21: Partnerships

Chapter 22: Cost Accounting

Standard Costs

Break-Even Analysis and Pricing

FINANCIAL MANAGEMENT

Chapter 23: Interest

Simple Interest

Exact Interest

Compound Interest

Effective Interest

Chapter 24: Installment Plans

Installment Cost and Finance Charges

Percent of Finance Charges

Chapter 25: Banking

Bank Statements and Deposit Accumulation

Bank Notes and Mortgages

Loans and Nominal vs. True Interest Rate

Chapter 26: Stocks

Cost

Yield Rate and Income from Stocks

Chapter 27: Bonds

Characteristics of Bonds

Cost and Face Value

Interest Rates

Chapter 28: Notes and Drafts

Notes

Drafts

Chapter 29: Personal Finance

Expenditures and Choices

Savings and Funds

ADVANCED TECHNIQUES

Chapter 30: Personal Finance

Maximization and Minimization Problems

Games, Business Applications, and Advanced Problems

Chapter 31: Data Processing

Chapter 32: Statistics

Chapter 33: Using Operations Research for Business, Management, and Finance

Chapter 34: Using Computers for Business Applications

Depreciation, Interest. and Commission Problems

Optimizing Production

Operations Research

TABLE FOR SELECTED PROBLEMS

Discount Tables

Automobile Insurance

Fire Insurance

Life Insurance

Retirement Income

Economy Study

Interest Tables

INDEX

WHAT THIS BOOK IS FOR

Students have generally found business, accounting, and finance difficult subjects to understand and learn. Despite the publication of hundreds of textbooks in these fields, each one intended to provide an improvement over previous textbooks, students of business, accounting, and finance continue to remain perplexed as a result of numerous subject areas that must be remembered and correlated when solving problems. Various interpretations of business, accounting, and financial terms also contribute to the difficulties of mastering these subjects.

In a study of business, accounting, and finance, REA found the following basic reasons underlying the inherent difficulties of business, accounting, and finance:

No systematic rules of analysis were ever developed to follow in a step-by-step manner to solve typically encountered problems. This results from numerous different conditions and principles involved in a problem that leads to many possible different solution methods. To prescribe a set of rules for each of the possible variations would involve an enormous number of additional steps, making this task more burdensome than solving the problem directly due to the expectation of much trial and error.

Current textbooks normally explain a given principle in a few pages written by a business, accounting, or finance professional who has insight into the subject matter not shared by others. These explanations are often written in an abstract manner that causes confusion as to the principle's use and application. Explanations then are often not sufficiently detailed or extensive enough to make the reader aware of the wide range of applications and different aspects of the principle being studied. The numerous possible variations of principles and their applications are usually not discussed, and it is left to the reader to discover this while doing exercises. Accordingly, the average student is expected to rediscover that which has long been established and practiced, but not always published or adequately explained.

The examples typically following the explanation of a topic are too few in number and too simple to enable the student to obtain a thorough grasp of the involved principles. The explanations do not provide sufficient basis to solve problems that may be assigned for homework or given on examinations.

Poorly solved examples such as these can be presented in abbreviated form which leaves out much explanatory material between steps, and as a result requires the reader to figure out the missing information. This leaves the reader with an impression that the problems and even the subject are hard to learn - completely the opposite of what an example is supposed to do.

Poor examples are often worded in a confusing or obscure way. They might not state the nature of the problem or they present a solution, which appears to have no direct relation to the problem. These problems usually offer an overly general discussion - never revealing how or what is to be solved.

Many examples do not include accompanying diagrams or graphs, denying the reader the exposure necessary for drawing good diagrams and graphs. Such practice only strengthens understanding by simplifying and organizing business, accounting, and finance processes.

Students can learn the subject only by doing the exercises themselves and reviewing them in class, obtaining experience in applying the principles with their different ramifications.

In doing the exercises by themselves, students find that they are required to devote considerable more time to business, accounting, and finance than to other subjects, because they are uncertain with regard to the selection and application of the theorems and principles involved. It is also often necessary for students to discover those "tricks" not revealed in their texts (or review books) that make it possible to solve problems easily. Students must usually resort to methods of trial and error to discover these "tricks," therefore finding out that they may sometimes spend several hours to solve a single problem.

When reviewing the exercises in classrooms, instructors usually request students to take turns in writing solutions on the boards and explaining them to the class. Students often find it difficult to explain in a manner that holds the interest of the class, and enables the remaining students to follow the material written on the boards. The remaining students in the class are thus too occupied with copying the material off the boards to follow the professor's explanations.

This book is intended to aid students in business, accounting, and finance overcome the difficulties described by supplying detailed illustrations of the solution methods that are usually not apparent to students. Solution methods are illustrated by problems that have been selected from those most often assigned for class work and given on examinations. The problems are arranged in order of complexity to enable students to learn and understand a particular topic by reviewing the problems in sequence. The problems are illustrated with detailed, step-by-step explanations, to save the students large amounts of time that is often needed to fill in the gaps that are usually found between steps of illustrations in textbooks or review/outline books.

The staff of REA considers business, accounting, and finance subjects that are best learned by allowing students to view the methods of analysis and solution techniques. This learning approach is similar to that practiced in various scientific laboratories, particularly in the medical fields.

In using this book, students may review and study the illustrated problems at their own pace; students are not limited to the time such problems receive in the classroom.

When students want to look up a particular type of problem and solution, they can readily locate it in the book by referring to the index that has been extensively prepared. It is also possible to locate a particular type of problem by glancing at just the material within the boxed portions. Each problem is numbered and surrounded by a heavy black border for speedy identification.

Synopsis:

Why students and instructors choose PROBLEM SOLVERS: "They are more helpful and instructive than the usual textbook solution manuals". They solve not only simple problems, but also those that are encountered on tests. The PROBLEM SOLVER covers all assigned topics in a textbook. Students can expect to be well-prepared for any exam on any topic in any subject with REA's line of PROBLEM SOLVERS.

Product Details

ISBN:
9780878915163
Other:
Ogden, James
Other:
Research & Education Association
Author:
Harris, Kymberly
Author:
Ogden, James R.
Author:
Van Arnum, Susan
Author:
REA, The Editors of
Author:
Research &. Education Association
Author:
Staff of Rea
Author:
REA, Editors of
Author:
Rea
Author:
The Staff of Rea Good
Author:
The Staff of Rea
Publisher:
Research and Education Association
Location:
New York :
Subject:
General
Subject:
Accounting
Subject:
Accounting - General
Subject:
Business mathematics
Subject:
Business mathematics -- Problems, exercises, etc.
Subject:
Management - General
Subject:
General Business & Economics
Copyright:
Edition Description:
Trade Paper
Series:
Problem Solvers Solution Guides
Publication Date:
19781231
Binding:
Paperback
Language:
English
Illustrations:
Yes
Pages:
1008
Dimensions:
10 x 6.69 in 2.9 lb
Age Level:
from 16

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Related Subjects

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Business Accounting & Finance Problem Solver (Rea's Problem Solvers) Sale Trade Paper
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Product details 1008 pages Research & Education Association - English 9780878915163 Reviews:
"Synopsis" by , Why students and instructors choose PROBLEM SOLVERS: "They are more helpful and instructive than the usual textbook solution manuals". They solve not only simple problems, but also those that are encountered on tests. The PROBLEM SOLVER covers all assigned topics in a textbook. Students can expect to be well-prepared for any exam on any topic in any subject with REA's line of PROBLEM SOLVERS.
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