Jul 24, 2024  
2021-22 Catalog 
    
2021-22 Catalog [ARCHIVED CATALOG]

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BUSN 135 - Business Mathematics

5 Credits
Teaches practical mathematical applications in business; emphasis on percentages, cash and trade discounts, markup and markdowns, depreciation, interest, present values, annuities and consumer credit. Learn how to make business math calculations by hand on paper and by using the spreadsheet program Excel. Deals with the theory and application to case situations. Extensive practice with the problem analysis, problem setup, making necessary calculations and making conclusions based on the calculations.

Fees

Quarters Typically Offered
Summer Day, Online
Fall Day, Online
Winter Day, Online
Spring Day, Online

Designed to Serve General business students and students in other professional technical programs.
Active Date 2013-09-30

Grading System Decimal Grade
Class Limit 28
Contact Hours: Lecture 55 Lab 0 Worksite 0 Clinical 0 Other 0
Total Contact Hours 55
Degree Distributions:
ProfTech Course Yes
Restricted Elective Yes
ProfTech Related Instruction
  • Computation


Course Outline
I. Fractions II. Decimals III. Percentage A. Finding the percentage B. Finding the rate C. Finding the base IV. Trade Discounts A. Terminology B. Trade discount problem-solving rules C. Discount series D. Net Decimal Equivalent E. Single Decimal Equivalent V. Cash Discounts A. Invoice terms B. Partial payments VI. Merchandising A. Merchandising problem-solving rules B. Markdown and loss C. Calculating the percentage of markup D. Taxes and shipping cost VII. Depreciation A. Straight-line method B. Units-of-production method C. Sum-of-the-years-digits method D. Declining-balance method E. Partial-year depreciation VIII. Simple interest and discounting A. Simple add-on interest B. Calculating interest C. Calculating the principle D. Rate and time E. Discounting a note F. Discount rate versus interest rate IX. Compound interest (Future values) A. Nominal interest rate versus effective interest rate B. Finding the amounts of compound interest C. Rule of 72 X. Present value A. Conversion periods and interest rate B. Interchanging compound interest and present values C. Finding the present value of interest-bearing notes XI. Annuities A. Future values of annuities B. Present values of annuities C. Sinking funds

Student Learning Outcomes
Analyze business problems and make conclusions based on the calculations performed. Explain conclusions in words

Perform arithmetic with the math operations: add, subtract, multiply, divide, exponents, parenthesis and the order of operations.

Use Excel to perform business math calculations with an emphasis on data type, Number Formatting and formulas.

Develop abilities to use fractions, decimals, and percentages to help make business decisions by hand on paper and by using the spreadsheet program Excel.

Calculate various types of Cash Discounts and Trade Discounts by hand on paper and by using the spreadsheet program Excel.

Calculate various types of Depreciation by hand on paper and by using the spreadsheet program Excel.

Make simple interest, compound interest, futures value and present value calculations by hand on paper and by using the spreadsheet program Excel.

Use calculations and concepts to make business and personal decisions



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