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COURSE PROCEDURE FOR BUSINESS MATHEMATICS

Decimals Outcomes :
Upon completion of this unit, the students will understand rounding decimals, conversions of fraction and decimals , add, subtract, multiply and divide decimals. Students will be able to use decimal applications in foreign currency.
A B C D F N Specific Competencies
Demonstrate the ability to:
            Explain the place values of whole numbers and decimals.
            Round decimals
            Convert decimal fractions to decimals.
            Convert proper fractions to decimals.
            Convert mixed numbers to decimals and pure and mixed decimals to decimal fractions.
            Add , subtract, multiply, and divide decimals.
            Complete decimal applications in foreign currency.
            Multiply and divide decimals by shortcut methods .
Banking Outcomes:
Upon completion of this unit, the students will understand the checking account, bank statement and reconciliation process.
A B C D F N Specific Competencies
Demonstrate the ability to:
            Understand the different types of check endorsements.
            Correctly prepare deposit slips, check stubs, and write checks.
            Correctly complete a check register.
            Calculate monthly service charges.
            Reconcile a bank statement with a checkbook.
            Explain the trends in online banking.
            Interpret, analyze, and solve word problems related to checkbook and bank statement balances..
Solving for the Unknown:
A How-to Approach for Solving Equations Outcomes : Upon completion of this unit, the students will understand the basic procedures used to solve equations and work problems for the unknown.
A B C D F N Specific Competencies
Demonstrate the ability to:
            Solve equations for the unknown using the mechanical steps.
            Solve word problems using the blueprint aid and mechanical steps to solve for the unknown.
Percents and Their Applications
Outcomes: Upon completion of this unit, the students will fully understand conversions of percents, decimals, and fractions, including rounding percents. Students will be able to calculate the rate of percent decreases and increases.
A B C D F N Specific Competencies
Demonstrate the ability to:
            Convert decimals to percents (including rounding percents) and percents to decimals.
            Convert fractions to percents and percents to fractions.
            List and define the key elements of the portion formula.
            Solve for one unknown of the portion formula when the other two key elements are given.
            Calculate the rate of percent decreases and increases.
Discounts: Trade and Cash Outcomes:
Upon completion of this unit, the students will understand the difference between trade discount and cash discount.
A B C D F N Specific Competencies
Demonstrate the ability to:
            Calculate single trade discounts with formulas and complements.
            Explain the freight terms FOB shipping point and FOB destination.
            Find list price when net price and trade discount rate are known.
            Calculate chain discounts with the net price equivalent rate and single equivalent discount rate.
            List and explain typical discount periods and credit periods that a business may offer.
            Calculate outstanding balance for partial payments.
            Calculate turnover of inventory.
            Interpret, analyze, and solve word problems related to business situations.
Markups and Markdowns Outcomes:
Upon completion of this unit, the students will be able to understand markup based on cost and selling price as well as markdowns.
A B C D F N Specific Competencies
Demonstrate the ability to:
            Calculate dollar markup and percent markup on cost.
            Calculate selling price when you know the cost and percent markup on cost.
            Calculate cost when dollar markup and percent markup on cost are known.
            Calculate cost when you know the selling price and percent markup on cost.
            Calculate dollar markup and percent markup on selling price.
            Calculate selling price when dollar markup and percent markup on selling price are known.
            Calculate selling price when cost and percent markup on selling price are known.
            Calculate cost when selling price and percent markup on selling price are known.
            Convert from percent markup on cost to percent markup on selling price and vice versa.
            Calculate markdowns; compare markdown and markups.
Payroll
Outcomes: Upon completion of this unit, the students will be able to calculate various types of employees’ gross pay and compute the payroll deductions for the employees’ pay and employers’ responsibilities.
A B C D F N Specific Competencies
Demonstrate the ability to:
            Define, compare, and contract weekly, biweekly, semimonthly, and monthly pay periods.
            Calculate gross pay with overtime based on time.
            Calculate gross pay for piecework, differential pay schedule, straight commission with draw , variable commission scale, and salary plus commission.
            Prepare and explain the parts of a payroll register.
            Explain and calculate federal and state unemployment taxes.
Simple Interest
Outcomes: Upon completion of this unit, the students will be able to calculate simple interest and maturity value and understand the U.S. Rule – making partial note payments before due date.
A B C D F N Calculate simple interest and maturity value for months and years.
            Calculate simple interest and maturity value by (a) exact interest and (b) ordinary interest.
            Use the interest formula; calculate the unknown when the other (principal, rate, or time) is given.
            List the steps to complete the U.S. Rule.
            Complete the proper interest credits under the U.S. Rule.
Promissory Notes, Simple Discount Notes, and the Discount Process
Outcomes: Upon completion of this unit, the students will understand the structure of promissory notes; the simple discount note, and how to discount an interest-bearing note before maturity..
A B C D F N Specific Competencies
Demonstrate the ability to:
            Differentiate between interest-bearing and noninterest-bearing notes
            Calculate bank discount and proceeds for simple discount notes.
            Calculate and compare the interest, maturity value, proceeds, and effective rate of simple interest note with a simple discount note.
            Explain and calculate the effective rate for a Treasury bill.
            Calculate the maturity value, bank discount, and proceeds of discounting an interest-bearing note before maturity
            Identify and complete the four steps of the discounting process.
Compound Interest and Present Value
Outcomes: Upon completion of this unit, the students will have an understanding of compound interest for future value and the present value.
A B C D F N Specific Competencies
Demonstrate the ability to:
            Compare simple interest with compound interest.
            Calculate the compound amount and interest manually and by table lookup.
            Explain and compute the effective rate (APY).
            Compare present value (PV) with compound interest(FV).
            Compute present value by table lookup.
            Check the present value answer by compounding.

Projects Required: As assigned.

Textbook: Contact Bookstore for current textbook.

Materials/Equipment Required: Calculators

Attendance Policy:

Students should adhere to the attendance policy included in the syllabus.

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