**Contact Hours (based on 11 week quarter)**

Lecture: 55

Lab: 0

Other: 0

Systems: 0

Clinical: 0

**Intent:**
**Distribution Requirement(s) Status:**

Vocational Preparatory
Quantitative, Required for ATA degree, Required for certificate

**Equivalencies At Other Institutions**

Other Institution Equivalencies Table
Institution |
Course # |
Remarks |

N/A |

**Learning Outcomes**

**After completing this course, the student will be able to:**

- Solve problems with whole numbers and decimals.
- Addition, subtraction, multiplication, and division of whole numbers.
- Basics of decimals – review and problem solve using addition, subtraction, multiplication, and division of decimals.

- Problem solve with fractions.
- Demonstrate the basics of fractions.
- Demonstrate addition, subtraction, multiplication, and division of fractions.
- Demonstrate addition and subtraction of mixed numbers.
- Convert decimals to fractions and fractions to decimals.

- Problem solve using percentages.
- Write decimals and fractions as percents.
- Solve the percent formula to find the part.
Solve the percent formula to find the base.
Solve the percent formula to find the rate.
- Demonstrate increase and decrease problem solving.

- Problem solving with equations and formulas.
- Solve equations.
Apply equations.
- Apply business formulas.
- Solve problems with ratio and proportion.

- Define the mathematics of banking.
- Demonstrate and explain the differences between electronic banking, checking accounts, and check registers.
- Compare checking services and credit-card transactions.
- Demonstrate bank statement reconciliation.

- Demonstrate and problem solve the mathematics of preparing payroll.
- Compute gross earnings: wages and salaries.
- Compute gross earnings: piecework and commissions.
- Compute Social Security, Medicare, and other taxes
- Compute income tax withholding.

- Demonstrate and use the mathematics of buying.
- Demonstrate the use of invoices and trade discounts.
- Compute series discounts and single discount equivalents.
- Compare and problem solve with cash discounts: ordinary dating method.
Compare and problem solve with cash discounts: other dating methods.

- Understand and apply the mathematics of selling.
- Apply markup on cost and on selling price.
- Apply markdown.
- Demonstrate knowledge of turnover and valuation of inventory.

- Solve problems with simple interest.
- Define the basics of simple interest.
- Define principal, rate, and time to solve various problems.
- Demonstrate simple discount notes.
- Define discounting a note before maturity.

- Define compound interest and inflation.
- Demonstrate and problem solve with compound interest.
- Demonstrate the relationship between interest-bearing bank accounts and inflation.
- Explain present value and future value.

- Understand mathematics of, and problem solving with, annuities, stocks, and bonds.
- Define annuities and retirement accounts.
- Determine the present value of an ordinary annuity.
- Define sinking funds (finding annuity payments).
- Compare stocks and mutual funds.
- Solve problems with bonds.

- Problem solve using mathmatics regarding business and consumer loans.
- Compare open-end credit and charge cards.
Compare personal property loans.
Compare real estate loans.
- Evaluate installment loans.
- Define early payoff of loans.

- Demonstrate mathematics of, and problem solving with, taxes and insurance.
- Calculate property tax.
Calculate personal income tax.
- Demonstrate decision making for fire insurance.
Demonstrate decision making for motor-vehicle insurance.
- Compare mathematical implications of life insurance decisions.
- Demonstrate problem solving with financial planning for property taxes and insurance.

- Demonstrate the mathematics of depreciation.
- Demonstrate the straight-line method.
Demonstrate the declining-balance method.
- Demonstrate the sum-of-the-year's-digits method.
Demonstrate the units-of-production method.
- Demonstrate the modified accelerated cost recovery system.

- Demonstrate the mathematics of, and decision making with, financial statements and ratios.
- Prepare and analyze income statements.
- Prepare and analyze a balance sheet.

- Solve problems with business statistics.
- Compare and solve problems with mean, median, and mode.

- Demonstrate the metric system.
- Define the basics of international banking and currency conversion.
- Explain the contributions and uses of business mathematics in various cultures.

**General Education Learning Values & Outcomes**

Revised August 2008 and affects outlines for 2008 year 1 and later.

2. Critical Thinking

*Definition:*
The ability to think critically about the nature of knowledge within a discipline and about the
ways in which that knowledge is constructed and validated and to be sensitive to the ways these
processes often vary among disciplines.

*Outcomes:* Students will be able to . . .

2.1 Identify and express concepts, terms, and facts related to a specific discipline.

2.3 Identify, interpret, and evaluate pertinent data and previous experience to reach conclusions.

8. Mathematical Reasoning

*Definition:*
Understanding and applying concepts of mathematics and logical reasoning in a variety of contexts, both academic and non-academic.

*Outcomes:* Students will be able to . . .

8.1 Analyze problems to determine what mathematical principles apply.

8.2 Correctly apply logical reasoning and mathematical principles to solve problems.

**Course Contents**

- Addition, subtraction, multiplication and division of whole numbers and decimals.
- Addition, subtraction, multiplication and division of fractions and mixed numbers.
- Converting decimals to fractions and fractions to decimals.

- Percent and percentages.
- Writing decimals and fractions as percents.
- Finding part, base, and rate.
- Increase and decrease problems.

- Equations and formulas.
- Solving equations and applications of equations.
- Business formulas.
- Ratio and proportion.

- Mathematics of banking.
- Electronic banking, checking accounts, and check registers.
- Checking services and credit card transactions.
- Bank statement reconciliation.

- Mathematics of payroll.
- Computing gross earnings: wages and salaries.
- Gross earnings: piecework and commissions.
- Computing Social Security, Medicare and other taxes.
- Income tax withholding.

- Mathematics of buying.
- Invoices and trade discounts; series discounts and single discount equivalents.
- Cash discounts: ordinary dating method.
Cash discounts: other dating methods.

- Mathematics of selling.
- Markup on cost and markup on selling price.
- Markdown.
- Turnover and valuation of inventory.

- Simple interest.
- Finding principle, rate, and time.
- Simple discount notes.
- Discounting a note before maturity.

- Compound interest and inflation.
- Compound interest.
- Interest-bearing bank accounts and inflation.
- Present value and future value.

- Mathematics of annuities, stocks, and bonds.
- Annuities and retirement accounts.
Present value of an ordinary annuity.
- Sinking funds (finding annuity payments).
- Stocks, bonds, and mutual funds.

- Mathematics of business and consumer loans.
- Open-end credit and charge cards.
- Installment loans.
Early payoff of loans.
- Personal property loans.
Real estate loans.

- Mathematics of taxes and insurance.
- Property tax and personal income tax.
- Fire insurance, motor vehicle insurance, and life insurance.
- Financial planning for property tax and insurance.

- Mathematics of depreciation.
- Straight-line method.
Declining-balance method.
- Sum of the year digits method.
Units-of-production method.
- Modified accelerated cost recovery system.

- Mathematics of financial statements and ratios.
- The income statement and analyzing the income statement.
- The balance sheet and analyzing the balance sheet.

- Business statistics.
- Frequency distributions and graphs.
- Mean, median, and mode.

- The metric system.
- International banking and currency conversion.
- Business mathematics in various cultures.