| 9a. Catalog Description: |
| This course requires students to apply essential mathematical skills necessary for success in business. Includes a review of fractions, decimals, percents, ratios, the percentage formula, and general business applications; covers advanced business applications such as interest, discount, markup, payroll, pricing policies, cash and trade discounts, and financial statements. This is a self-paced, programmed learning class. |
| 9b. Other Catalog information: |
| Open Entry/Open Exit, Variable unit course |
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| 10. Student Performance Objectives: |
As a result of successful completion of this course, a student will be able to:
1. Analyze basic formulas and apply the principles to percentage and interest problems.
2. Develop basic mathematical skills.
3. Comprehend how to apply basic mathematical principles to common business problems. |
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| 11. Methods of Evaluating Student Achievement: |
| Examinations which require students to demonstrate a critical evaluation of the topics presented. |
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| 12. Student Assignments (Homework): |
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| a. Required Reading Assignments: |
| 15-30 pages/week |
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| b. Required Writing Assignments: |
| Appropriate examinations |
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| c. Other (Terms projects, research papers, portfolios, etc.) |
| None |
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| 13. Course Content Outline: |
The subject matter of this course requires students to analyze, evaluate, compare, and apply basic mathematical principles to business problems.
ONE UNIT CREDIT
I. Basic Math Skills and Problem Solving
A. Reading, writing, rounding whole numbers
B. Adding, subtracting, dividing, multiplying
C. Dissecting/solving word problems
II. Fractions
A. Types of fractions-conversion procedures
B. Adding and subtracting fractions
C. Multiplying and dividing fractions
III. Decimals
A. Rounding decimals-decimal conversions
B. Adding and subtracting decimals
C. Multiplying and dividing decimals
IV. Banking
A. Checking accounts
B. Credit card transactions
C. Bank statement reconciliation
V. Solving for Unknowns and Equations
A. Solving equations for the unknown
B. Solving word problems for the unknown
VI. Percents and their Applications
A. Conversions
B. Application of percents
C. Portion formula
ONE UNIT CREDIT
VII. Discounts: Trade and Cash
A. Trade discounts, single and chain
B. Cash discounts
C. Credit terms and partial payments
VIII. Markup and Markdowns
A. Markups based on cost
B. Markups based on selling price
C. Markdowns and perishables
IX. Payroll
A. Calculating types of gross pay
B. Computing payroll deductions
X. Simple Interest
A. Calculating simple interest
B. Calculating maturity value
B. Finding unknowns in interest formula
C. Calculating partial note payments
XI. Promissory Notes and Discounting Process
A. Promissory notes
B. Simple discount notes
C. Discounting before maturity
ONE UNIT CREDIT
XII. Compound Interest and Present Value
A. Compound interest
B. Future value
C. Present value
XIII. Annuities and Sinking Funds
A. Ordinary annuities: future value
B. Ordinary annuities: present values
C. Sinking funds
XIV. Installment Buying
A. Cost of installment buying
B. Pre-payment calculations
C. Revolving charge credit cards
XV. Real Property
A. Types of mortgages
B. Mortgage payments
C. Amortization schedule
XVI. Financial Statements
A. Balance sheet
B. Income statement
C. Trend and ratio analysis |
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| 14a. All textbooks, resources and other materials used in this course are: |
| College level
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| 14b. EXAMPLE texts, reading and resources:
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Slater. Practical Business Math Procedures. 8th Edition
Irwin McGraw-Hill, 2006
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