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|Discipline and Nbr:
PRACTICAL BUSINESS MATH||
Practical Business Math Skills
|Units||Course Hours per Week|| ||Nbr of Weeks||Course Hours Total
|Maximum||3.00||Lecture Scheduled||3.00||17.5 max.||Lecture Scheduled||52.50
|Minimum||3.00||Lab Scheduled||0||6 min.||Lab Scheduled||0
| ||Contact DHR||0|| ||Contact DHR||0
| ||Contact Total||3.00|| ||Contact Total||52.50
| ||Non-contact DHR||0|| ||Non-contact DHR Total||0
Title 5 Category:
AA Degree Applicable
00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As:
| ||Total Out of Class Hours: 105.00||Total Student Learning Hours: 157.50||
This course is intended for the general user seeking computational math skills for the modern workforce. Beginning with a review of math fundamentals, the course progresses to more advanced topics such as percents, payroll, selling and buying, and borrowing and lending. The course also integrates workplace competencies and basic business foundation skills.
Eligibility for ENGL 100 or ESL 100
Limits on Enrollment:
Schedule of Classes Information
This course is intended for the general user seeking computational math skills for the modern workforce. Beginning with a review of mathematic fundamentals, the course progresses to more advanced topics such as percents, payroll, selling and buying, and borrowing and lending. The course also integrates workplace competencies and basic business foundation skills.
Recommended:Eligibility for ENGL 100 or ESL 100
Limits on Enrollment:
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP
ARTICULATION, MAJOR, and CERTIFICATION INFORMATION
Certificate Applicable Course
Outcomes and Objectives:
At the conclusion of this course, the student should be able to:
|CSU GE:||Transfer Area|| ||Effective:||Inactive:
|IGETC:||Transfer Area|| ||Effective:||Inactive:
|CSU Transfer:||Transferable||Effective:||Fall 1998||Inactive:||
Upon completion of this course, students will be able to:
1. Review and apply math fundamentals: addition, subtraction, multiplication, and division to whole numbers, decimals, and fractions.
2. Convert percentages to decimals and fractions, and fractions and decimals to percentages.
3. Identify and solve for base, rate, and percentage.
4. Examine and analyze various money management tools such as checking accounts, credit cards, and savings accounts, and reconcile bank records with personal and/or business records.
5. Calculate payroll determining gross earnings, deductions, and net earnings.
6. Determine trade discounts and cash discounts to make purchasing of merchandise as cost effective as possible by distinguishing between invoice options and payment terms.
7. Calculate markup and markdown of inventory in order to make a profit on sales, and manage inventory to ensure adequate available merchandise.
8. Calculate simple interest using principal times rate times time with special consideration of simple interest notes and simple discount notes.
9. Determine property taxes, income taxes, and sales tax.
10. Calculate the cost of home ownership.
11. (Optional) Calculate ratios and other important values for stocks and bonds by acquiring a thorough understanding of the terminology.
12. (Optional) Analyze and interpret financial reports.
13. (Optional) Calculate business statistics: mean, median, mode.
Topics and Scope
1. Review of math fundamentals (addition, subtraction, multiplication and division) applied to:
A. Whole numbers
2. Conversion of percentages to decimals and decimals to percentages
3. Identify and solve for base, rate, and part
4. Money management tools
A. Checking accounts
B. Credit cards
C. Savings accounts
D. Bank statement reconciliation
5. Calculation of payroll
A. Gross earnings
C. Net earnings
D. Payroll reporting
6. Mathematics of buying
7. Mathematics of selling
C. Inventory management
8. Calculation of simple interest
A. Finding principal, rate, and time
B. Interest bearing and non-interest bearing notes
C. Simple discount notes and discounting before maturity
10. Cost of home ownership
A. Types of mortgages
B. Calculating the monthly payment
C. Amortization schedule - principal and interest
11. (Optional) Stocks and bonds
A. Reading the financial section of the newspaper
B. Stock yield, earnings per share, price/earnings ratio, dividends
C. Bond yield and net asset value
12. (Optional) Financial reports
A. Income statement
B. Balance sheet
C. Vertical and horizontal analysis
D. Trend and ratio analysis
13. (Optional) Business statistics
1. Chapter and unit tests
2. Complete chapter problems and exercises
3. Complete math related activities and projects
4. Approximately 30 pages of reading per week
5. Final Exam
Methods of Evaluation/Basis of Grade.
Representative Textbooks and Materials:
|Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing.||Writing
0 - 0%
|This is a degree applicable course but assessment tools based on writing are not included because problem solving assessments are more appropriate for this course.
|Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills.||Problem Solving
20 - 50%
|Math problems and exercises||
|Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams.||Skill Demonstrations
0 - 0%
|Exams: All forms of formal testing, other than skill performance exams.||Exams
40 - 75%
|Chapter and Unit Tests, Final Exam||
|Other: Includes any assessment tools that do not logically fit into the above categories.||Other Category
5 - 15%
|Attendance and participation||
Slater, Practical Business Math Procedures, 9th ed., McGraw-Hill/Irwin, 2008, or
Miller, Salzman, Clenden, Business Mathematics, Addison - Wesley, 2009.