BUSINESS MATH BUSI 90A, BUSI 90B, BUSI 90C 1-3 units, 3-9 hours

Transcription

1 2277 Napa/Vallejo Highway, Napa, CA Business Skills Center Room 1436 (707) BUSINESS MATH BUSI 90A, BUSI 90B, BUSI 90C 1-3 units, 3-9 hours COURSE STRUCTURE This is an Open Entry/Open Exit class. Units can be broken down from 1-3 units. A student may enroll for 1 unit each in either BUSI 90A, BUSI 90B, or BUSI 90C. With the instructor s permission, students may increase the number of units any time during the semester. A total of 3 units of credit can be earned. Recommended Preparation: MATH 55, Pre-Algebra REQUIRED STUDENT MATERIALS A pocket calculator with at least five (5) decimal places and memory storage capacity 3 x 5 note cards FOR BUSI 90A ISBN: SLATER, LSC CPS7 (NAPA VALLEY COLLEGE) BUSI 90A/B/C: PPK Practical Business Math with Connect Plus Volume 1, 11, 2014 FOR BUSI 90B ISBN: X Slater, LSC CPS7 (NAPA VALLEY COLLEGE) BUSI 90A/B/C: PPK Practical Business Math with Connect Plus Volume 2, 11, 2014 FOR BUSI 90C ISBN: Slater, LSC CPS7 (NAPA VALLEY COLLEGE) BUSI 90A/B/C: PPK Practical Business Math with Connect Plus Volume 3, 11, 2014 Print Date: 6/1/ :10:00 AM Page 1

2 COURSE DESCRIPTIONS Business Math applies arithmetic to practical problems encountered by business professionals. BUSI 90A (Part 1): Chapters 4-9 In Business Math part 1 Topics include banking, solving equations, percents, discounts, markup/markdowns, and payroll. Student Learning Outcomes Analyze and solve business arithmetical problems that include checking accounts; equations to solve business problems; percents and their applications in business; invoices, trade, and cash discounts; markup and markdown; and payroll. Objectives Upon the completion of this course, the student will be able to: Analyze banking transactions. Set up a check book register. Reconcile a bank statement. Solve business word problems involving percentages. Calculate trade and cash discounts on purchases. Calculate markup and markdown percentages and prices. Set up recordkeeping for payroll transactions. BUSI 90B (Part 2): Chapters In Business Math part 2 Topics include interest, discounting, present value, annuities, sinking funds, installment buying, and the cost of home ownership. Student Learning Outcomes Analyze and solve business arithmetical problems that include interest on loans and annuities, simple and compound interest, present value, and promissory notes, mortgages for purchases of assets, consumer loans, and business credit. Objectives Upon the completion of the course, the student will be able to: Calculate interest on loans and annuities. Calculate simple and compound interest, present value, and promissory notes. Calculate mortgages for purchases of assets. Analyze and prepare consumer and business credit transactions, such as installment loans. Print Date: 6/1/ :10:00 AM Page 2

3 BUSI 90C (Part 3): Chapters In Business Math part 3 Topics include financial reports, depreciation, inventory, taxes, insurance, investments, and statistics. Student Learning Outcomes Analyze and solve business arithmetical problems that include financial statements and ratios; depreciation rates on assets; inventory and overhead costs; sales, excise, and property taxes; insurance for life, fire, and auto; investments, that include stocks, bonds, and mutual funds; and business statistics and data presentation. Objectives Upon the completion of the course, the student will be able to: Read, analyze, and interpret financial statements. Calculate and analyze accounting ratios. Determine depreciation rates on assets. Assess inventory values and determine overhead costs. Calculate sales, excise, and property taxes. Determine insurance rates for life, fire, and auto. Analyze investments, such as stocks, bonds, and mutual funds. Analyze business statistics and illustrate through the use of charts. Delivery Methods Business Math is a flexible format course offered in the Business Skills Center (BSC), in Room 1436 at the main Napa Valley College campus. Although you will be working independently on your chapters each week, the BSC staff is here to assist you when necessary. To stay on schedule it is recommended that you attend class for a minimum of three (3) hours per week. The course content will be delivered through several delivery methods: Textbook Readings Connect/Learn Smart online software Electronic, Voiced-over PowerPoint Chapter Presentations PowerPoint Chapter Presentations without Sound Assessments To achieve the course objectives, you will use the textbook and the Connect/Learn Smart online software. Your semester grade will be based upon your performance on all tests. Flexible Scheduling You will be working independently on your chapters each week. We are here to assist you when you have questions. Print Date: 6/1/ :10:00 AM Page 3

4 LESSON PROCEDURES Read and work chapter problems and complete chapter test. Work in the Textbook A textbook is required for this class. You may either purchase a paper copy or an e- book. You are required to read the assigned chapters, study the examples, and do the End-of-Chapter Drill and Word Problems. Answers to the odd problems are shown in Appendix C. You may also check out, from the staff, the answer key that will give you all problems worked out with answers. You are not required to complete the Challenge Problems although we highly recommend that you do them. As a final review, complete the Summary Practice Test at the end of each chapter. Work in Connect/Learn Smart Connect is an online component of learning Business Math. This component is not required but will be a big help in your being successful. If you purchase the book through the Napa Valley College, Barnes and Noble bookstore, you will receive an access code with the book. If you did not purchase the book through our bookstore, you can purchase the Connect component through the publisher s website. The website is connect.mheducation.com. All assigned chapters and problems are on the site for additional practice. TESTING PROCEDURES Chapter Tests When you are ready to test, take your folder, note card, and calculator to the staff desk. Cellular telephones and their calculators may not be used during the test. Notify the staff person that you are ready to test. You may use a 3 x 5 index card cheat sheet during the test. The card can contain any notes you wish to have with you during the test. You may use only one side of one card and the notes are to be handwritten. No computer-printed, photocopied, or reduced information will be allowed. Your card will be checked before you take the test and it will be turned in with your test. The Chapter Organizer and Study Guide is a good resource tool to compile notes for your index card. Prepare to spend at least an hour to take each test. The tests are not timed, you can take as much time as you wish to finish the test; so allow enough time to not feel rushed and to be able to double-check your answers. Once you begin a test, it must be finished before you leave (or we close). If for some reason you must leave before your test is completed, the test will be graded and any unanswered questions will be marked incorrect. When you are finished, bring your test, scratch paper (whether blank or not), and note card to a staff person. Make sure your name is checked off the testing log. Once Print Date: 6/1/ :10:00 AM Page 4

5 the test is graded, your test score will be recorded in your folder. If you would like to review the graded test, you may review it with the instructor. Portable music players, cellular telephones, or text message devices are not allowed during testing. EVALUATION & GRADING STANDARDS Your grade will be based upon the completion of the chapter tests that apply the knowledge of comprehensive business mathematics skills. All chapter tests for each part must be completed to earn 1 unit. These tests will account for 100% of your grade. All test scores will be averaged to determine your semester grade. Once you have completed all of the tests for your unit, you may choose to retake one chapter test to better your grade. The retake test is not the same test as the original but will be similar to the original test. The original test score will be changed to the new test score. Keep in mind your new test score will take the place of the original score; even if the retake score is lower, the retake score will be used to calculate your final grade. So, be sure to study. The following grading scale will be used to establish the semester grade: % Grade A B C D 0-59 F ADDITIONAL INFORMATION For additional practice, you may go to the textbook Website at Please make every effort to stay on schedule. This class is very difficult to catch up. Follow the Are you on Schedule to ensure that you stay on track each week. You should plan to spend a minimum of 3 hours each week per unit preparing for this class. You will not be tested on Chapters 1, 2, or 3. However, you should review those concepts before you begin the course. Print Date: 6/1/ :10:00 AM Page 5

6 Business Math Recap Sheet Chapters 4-9 Chapter #'s & Topics Points Available Chap. 4- Banking 100 Chap. 5- Solving for the Unknown 100 Chap. 6- Percents & Applications 100 Chap. 7- Discounts: Trade & Cash 100 Chap. 8- Markups & Markdowns 100 Chap. 9- Payroll 100 Chapters Chap. 10- Simple Interest 100 Chap. 11- Promissory Notes 100 Chap. 12- Interest & Present Value 100 Chap. 13- Annuities & Sinking Funds 100 Chap. 14- Installments/Buying 100 Chap. 15- Cost of Home Ownership 100 Chapters Chap. 16- Financial Reports 100 Chap. 17- Depreciation 100 Chap.18- Inventory and Overhead 100 Chap. 19- Sales, Excise & Property Tax 100 Chap. 20- Life, Fire & Auto Insurance 100 Chap. 21- Stocks, Bonds, and Mutual 100 Chap. 22- Statistics 100 Tests Points Earned Part A GRADE Part B GRADE Part C GRADE Date Print Date: 6/1/ :10:00 AM Page 6