BUSN 121 - Business Mathematics

3 Credits: (3 lecture)

Course Description
This course develops the student’s informational and computational knowledge and skills. The course will focus on the fundamental mathematical techniques used in accounting, banking, finance, and merchandising. This course meets the General Education competency of Quantitative Reasoning (QR).

Note Minimum Requirement: Basic 10 - Key Calculator.

Prerequisite A grade of “C” or better in BUSN 021 or a satisfactory score on college placement test.

Text
Brechner, R. & Bergeman, G. (2020). Contemporary mathematics for business & consumers (9th ed.). Boston, MA: Cengage Learning.

Objectives
The student will be able to:

A. Solve applications (word problems). (QR)

B. Solve problems involving formulas. (QR)

C. Solve equations using methods, rules or techniques. (QR)

D. Analyze real-world business problems.

E. Apply methods and formulas to solve computational business problems.

F. Reconcile a bank statement.

G. Calculate percents, discounts, markups, and markdowns.

H. Prepare payroll records using various pay methods.

I. Calculate the interest, principal, time, and rate for various loans.

J. Compute present value and future value.

K. Calculate monthly payments and finance charges on credit purchases.

Content
A. Fractions, decimals, and percents

B. Bank statements and bank reconciliations

C. Gross payroll, payroll deductions, and employer taxes

D. Discounts, markups, and markdowns

E. Simple and compound interest, present and future value

F. Consumer credit

Student Evaluation
Objectives A through F will be assessed by the following:

Departmental Midterm = 20% of the final grade

Objectives G through K will be assessed through the following:

Any combination of chapter textbook assignments, online learning assignments, participation, chapter exams and / or chapter quizzes

Departmental Final Exam = 20% of the final grade