BA 104 : Business Math

Transcript title

Business Math

Credits

3

Grade mode

Standard letter grades

Contact hours total

30

Lecture hours

30

Prerequisites with concurrency

MTH 060 (or higher) or minimum placement into MTH 065.

Description

Designed to equip students with skills to handle everyday arithmetic problems relative to a business environment and lay the foundation for other business courses including computer classes that use basic business math as examples and assignments. Topics include ratio, proportion, percent, interest, time value of money, markup and discounts, payroll, stocks and bonds, and depreciation.

Learning outcomes

1. Express and manipulate numbers effectively to solve business problems.
2. Compute trade and cash discounts, including markups and markdowns, using whole numbers, fractions and decimals.
3. Determine inventory values, calculate depreciation of assets, and create financial statement ratios using appropriate accounting methods.
4. Calculate simple interest, compound interest, present value, net present value, and internal rate of return using methods that meet professional business standards.
5. Use the appropriate statistical terms to summarize and clarify business data.

Content outline

Whole Numbers Decimals
Fractions
Equations
Percent
Trade Cash Discounts
Markup Markdowns
Checking Accounts
Payroll
Simple Compound Interest
FV/PV Formulas
FV/PV Calculator
Sinking funds, Annuities More
Installment Loans Credit
Home Ownership Mortgage Loans
Stock/Bonds
Cash Flows NPV/IRR ARP Calculator
Financial Statements
Inventory
Depreciation
Insurance
Statistics

Required materials

Required textbook and specified calculator.

Grading methods

This course is assessed through homework, topic exams, and a final exam.

General education/Related instruction lists

  • Related Instruction/Computation

Outside of
expected

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