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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 CONTENTSIntroductionChapter 1: Basic Math SkillsAddition and SubtractionMultiplicationDivisionAveragesRatios and PercentsConversion of UnitsChapter 2: TaxesSales TaxIncome TaxProperty TaxChapter 3: InsuranceLife InsuranceSocial SecurityHealth InsuranceAutomobile InsuranceFire InsuranceChapter 4: Intermediate Math SkillsAlgebraic EquationsCost, Revenue, and Production FunctionsChapter 5: Economic TheoryMicroeconomicsIndifference and Demand Curve AnalysisProduction and Cost FunctionsPerfect and Imperfect CompetitionMacroeconomicsProduction Possibilities FrontiersKeynesian MacroeconomicsMonetary ProblemsChapter 6: Advanced Math SkillsRate of Change: Marginal Costs and RevenueCost MinimizationProfit Maximization Through Production AdjustmentsProfit Maximization Through Price AdjustmentsMANAGEMENT THEORY AND SKILLSChapter 7: PayrollWage Rates and Gross EarningsChapter 8: CommissionsChapter 9: AdvertisingRate Per AdvertisementMilline RateChapter 10: TransportationShipping and MailingVehicle RentalChapter 11: Wholesale DiscountsDiscounts and Discount RatesSeries DiscountsTerms of DiscountsChapter 12: RetailingRetailing Markdowns and DiscountsMarkupsChapter 13: Purchasing DecisionsChapter 14: Analysis of Costs and ProfitsFundamentalsPresent WorthRate of ReturnChapter 15: Corporate OperationsCosts and PriceSales and Corporate IncomeAccounting SystemsACCOUNTING SKILLSChapter 16: Balance SheetsStructure of the Balance SheetJournals, Ledgers, and Trial BalancesRates and RatiosChapter 17: Financial StatementsRatios and Minor DocumentsIncome Statements and Net ProfitsChapter 18: InventoryMethods of ValuationOpen-To-Buy and Stockturn RateChapter 19: DepreciationUnits of Production/Use Method and Straight-Line MethodDeclining Balance MethodSum of the Years' Digits Method and Comprehensive ProblemChapter 20: Overhead DistributionFloor Space BasisCost/Profit BasisChapter 21: PartnershipsChapter 22: Cost AccountingStandard CostsBreak-Even Analysis and PricingFINANCIAL MANAGEMENTChapter 23: InterestSimple InterestExact InterestCompound InterestEffective InterestChapter 24: Installment PlansInstallment Cost and Finance ChargesPercent of Finance ChargesChapter 25: BankingBank Statements and Deposit AccumulationBank Notes and MortgagesLoans and Nominal vs. True Interest RateChapter 26: StocksCostYield Rate and Income from StocksChapter 27: BondsCharacteristics of BondsCost and Face ValueInterest RatesChapter 28: Notes and DraftsNotesDraftsChapter 29: Personal FinanceExpenditures and ChoicesSavings and FundsADVANCED TECHNIQUESChapter 30: Personal FinanceMaximization and Minimization ProblemsGames, Business Applications, and Advanced ProblemsChapter 31: Data ProcessingChapter 32: StatisticsChapter 33: Using Operations Research for Business, Management, and FinanceChapter 34: Using Computers for Business ApplicationsDepreciation, Interest. and Commission ProblemsOptimizing ProductionOperations ResearchTABLE FOR SELECTED PROBLEMSDiscount TablesAutomobile InsuranceFire InsuranceLife InsuranceRetirement IncomeEconomy StudyInterest TablesINDEXWHAT THIS BOOK IS FORStudents 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... - from Amzon