Math for Business and Life

ROCKY MOUNTAIN OUTDOOR PRODUCTS: A BUSINESS ADVENTURE

	ABOUT THE BOOK Overview Table of Contents Features The Learning Package What Instructors Say Sample Chapter ABOUT THE AUTHOR Who Is This John Webber Guy? STUDENT RESOURCES Step-by-Step Solutions Student Tutorial Get a Calculator Get a Student Solutions Manual or Text Tell Us What You Think Get a New $2 Bill CALCULATOR/TVM AIDS Online Calculator Calculator Information Guess and Check Solutions Derivation of Compound Interest Formulas INSTRUCTOR RESOURCES Order a Review Copy Instructor’s Resource Manual Testing Materials PowerPoint Presentations Comprehensive Exercise Masters for Overhead Transparencies Complimentary Products Updated Tax Rates, Etc.

We have created a comprehensive exercise, consisting of 41 tasks, that gives students a hands-on-experience with invoices, payroll, checks, bank reconciliations, etc. It also gives students a chance to use their decision-making skills. We provide the 22-page exercise to schools using Math for Business and Life at what they cost us to produce. A teacher's edition (with solutions) is provided to instructors using the exercise. Page one of the exercise is shown below.

Rocky Mountain Outdoor Products is a business that buys and resells outdoor recreational equipment, such as backpacks, tents, and sleeping bags. The company operates in Salt Lake City, Utah. While the company is primarily a wholesale business, it does maintain a retail outlet on the premises.
Imagine that you are employed by Rocky Mountain while attending school. Your primary responsibilities include working with invoices, preparing payroll, writing checks, preparing deposits, helping out at the retail counter, and reconciling the bank statement. In addition, the manager knows you are a successful business student so she occasionally asks for your advice on things. You will be asked to complete 41 tasks:

Tasks 1 - 16

Many of these tasks use concepts of Chapter 5 (Trade and Cash Discounts), Chapter 6 (Markup and Markdown), and Chapter 7 (Payroll).

Tasks 17 - 20

Many of these tasks use concepts of Chapter 20 (Taxes).

Tasks 21 - 34

Many of these tasks use key concepts from Chapters 8, 13, 15, 19 and 22 (it is not necessary to cover the entire chapters).

Tasks 35 - 41

Many of these tasks use concepts of Chapter 16 (Checking Accounts).

The tasks are for the month of March. We will assume that the checks and deposits that you prepare are the only checks and deposits for the month.
While many of the names and products in the exercise are fictitious, the tasks mirror actual business activities. When you finish, you should have a better idea of how a business operates. Hopefully, you will have a bit of fun along the way!