Des Moines Area
Community College
Course Competency Information
Effective Date: Fall 2014
Acronym/Number:
Course Title:
Credit Breakout:
BUS 112
3.00
(Total Credits:
Historical Reference:
Business Math
3.00
0
Lecture
1hr/crdt
Lab
2hrs/crdt
0
0
Practicum
3hrs/crdt
Work Experience)
4hrs/crdt(unsupervised)
Prerequisite/Co-Requisite
Pre-requisite: Minimum ALEKS score of 14%
Description
Mathematical computations are reviewed and strengthened with emphasis on facility and accuracy. Includes topics in
the mathematics of buying and selling, banking, payroll, markups and markdowns, discounts, interest, consumer math
and other related business applications.
Course Competencies
1. Demonstrate basic math skill.
1. Write a word name for a number in standard or decimal notation.
2. Calculate using whole numbers, fractions and decimals without calculators.
3. Convert between fractional, decimal and percent notations.
4. Round numbers to the nearest tenth, hundredth, thousandth, one, ten, hundred, thousand.
5. Translate per cent problems into a standard model.
6. Solve per cent problems.
7. Solve problems dealing with an unknown.
8. Use estimation techniques to check reasonableness of results.
2. Reconcile a checking account to a bank statement.
1. Identify elements of a checking account.
2. Discuss current trends in banking.
3. Explain discount, list price, net price, and discount periods.
1. Calculate single and chain trade discounts.
2. Calculate net price and trade discounts.
3. Discuss relationships between trade discounts and cash discounts.
4. Explain typical discount periods and credit periods.
5. Calculate outstanding balance for partial payments.
4. Calculate markup and markdowns
1. Calculate markup based on cost.
2. Calculate markup based on selling price.
3. Discuss markdowns and perishables.
5. Solve problems dealing with payroll.
1. Calculate employee's gross pay.
2. Compute payroll deductions.
3. Discuss payroll responsibilities of the employer.
6. Relate I = P x R x T to various situations.
1. Calculate simple and compound interest.
2. Discuss different kinds of notes.
3. Solve problems dealing with notes and discounting.
3. Solve problems dealing with notes and discounting.
4. Perform calculations related to installment buying.
5. Discuss different types of mortgages.
6. Calculate the interest and principle portion of mortgage payments.
7. Examine annuities and sinking funds.
1. Calculate future value of annuity.
2. Calculate present value of annuity.
3. Calculate payment amount of a sinking fund.
8. Solve word problems involving any of the above.