#### Prerequisites

WR 115, RD 115, and MTH 20 or equivalent placement test scores

## Course Description

Presents a variety of problems and situations found in business where arithmetic is constantly used.  Prepares students to use mathematics in solving monetary and valuation problems in business and personal finance.  Prerequisites: WR 115, RD 115, and MTH 20 or equivalent placement test scores. Audit available.

## Intended Outcomes

Upon successful completion of this course, students will be able to:

1. Express and manipulate numbers effectively to solve business problems.
2. Compute trade and cash discounts using whole numbers, fractions and decimals.
3. Determine accurate inventory values and corresponding accounting valuations using different valuation methods.
4. Calculate simple interest, compound interest and present values using appropriate applications methods to professional standards.
5. Create reliable depreciation of asset values using various accounting methods.
6. Use the appropriate statistical terms, summarize and clarify business data.

## Outcome Assessment Strategies

• Attendance
• Class participation
• Group projects
• Portfolio(s)
• Homework assignment(s)
• Written paper(s)
• Quiz (zes)
• Take-home examinations
• Exam(s)

## Course Activities and Design

The determination of teaching strategies used in the delivery of outcomes is generally left to the discretion of the instructor. Here are some strategies that you might consider when designing your course: lecture, small group/forum discussion, flipped classroom, dyads, oral presentation, role play, simulation scenarios, group projects, service learning projects, hands-on lab, peer review/workshops, cooperative learning (jigsaw, fishbowl), inquiry based instruction, differentiated instruction (learning centers), graphic organizers, etc.

## Course Content (Themes, Concepts, Issues and Skills)

#### Themes:

1. Number sense
2. Problem solving
3. Business applications, formulas, and modeling
4. Alternative solutions and analysis
5. Critical thinking
6. Effective communication

#### Concepts, Issues, and Skills:

2. Read, write, and round whole numbers
3. Add, subtract, multiple, divide, and use exponents in their proper sequences
4. Identify, convert, reduce, and raise fractions
5. Add, subtract, multiply, and divide fractions
6. Read, add, subtract, multiply, divide, and reduce decimals and then convert to fractions
7. Solve equations using addition, subtraction, multiplication, and division
8. Find increases and decreases in amounts and percentages in common problems
9. Find the mean, median, mode, and ranges using non-business and business data
10. Solve single and series trade discount problems
11. Find and solve cash discount and net amounts using ordinary dating terms
12. Find and compute markups based upon cost, selling price or percentages of cost or selling price
13. Compute markdowns, reduced prices, desired profits on perishable and seasonal goods
14. Compute gross payroll for various types of compensation methods
15. Tabulate payroll tax withholdings and next pay based upon social security and Medicare tax laws
16. Compute employer’s Federal Unemployment Taxes and State Unemployment Taxes
17. Find simple interest
18. Find the maturity value and maturity date of a loan
19. Find the principal, rate, or time using the simple interest formula
20. Determine exact time, interest rate, and actuarial interest costs
21. Calculate the partial payment benefit amount before the maturity due date
22. Fine the true or effective interest rate of a simple discounted note
23. Find the future value and compound interest by compounding manually and by using a table
24. Find the interest amount compounded using a table
25. Find the present value based on annual compounding with and without a table
26. Find the future value of an ordinary annuity
27. Find the present value of an ordinary annuity
28. Compute simple Bond valuations
29. Determine the rates and calculate the monthly or quarterly payments of a mortgage
30. Prepare a partial amortization schedule of a mortgage
31. Using the Specific Identification, Weighted-Average, FIFO, and LIFO methods determine ending inventory values and the corresponding Cost OF Goods Sold amounts
32. Depreciate assets using the Straight-Line, Units-of Production/Output, and the Declining Balance methods
33. Depreciate an asset using the Modified-Accelerated-Cost-Recovery-System (MACRS) per the tax code
34. Determine the sales tax and excise tax amounts and total selling prices
35. Calculate property tax amounts using tax rates
36. Prepare vertical analysis and horizontal analysis of a Balance Sheet
37. Prepare vertical analysis and horizontal analysis of an Income Statement

## Department Notes

Emphasis on business topics and areas where the situation involves using arithmetic to solve business problems or function efficiently. Business applications topics include markups and markdowns, trade and cash discounts, gross and net payroll and payroll taxes, simple interest, present value and future value, concepts and applications of annuities and sinking funds, various inventory valuations, applying different depreciation methods to business assets, mortgages balances and methodologies, and computations using statistical functions.