Maui Community College
Course Outline
1. Alpha and Number
BUSN 189
Course Title
Business Mathematics
Credits
Three (3)
Date of Outline
October 20, 2005
2. Course Description
Introduces various quantitative
computational procedures used in
accounting and finance such as present and
future value concepts, payroll, inventory,
and international currency exchange rates.
Utilization of the electronic 10-key pad as a
tool for calculating will be stressed.
(Formerly BUS 155.)
3. Contact Hours/Type
Three (3) Hours/Lecture/Lab
4. Prerequisites
Math 20/22, or placement at Math 23/24;
or consent.
Corequisites
Recommended Preparation
Approved By
Date
5.
General Course Objectives:
Upon successful completion of this course, the student will
 Demonstrate the application of basic mathematical functions as they apply to
problems encountered in business.
 Use algebraic formulas for problem solving.
 Use strategies to solve word problems.
 Demonstrate an understanding of business math applications to business situations such as ratio analysis, bank reconciliation, cash discounts, pricing, payroll, interest, annuities, depreciation, amortization, and inventory.
 Use of calculator as a tool to calculate business problems.
6.
SPECIFIC COURSE COMPETENCIES:
Upon successful completion of this course, the student will
 Demonstrate proficiency in the basic skills of mathematical functions.
 Analyze and solve word problems with business applications.
 Use and convert percents in business and financial applications.
 Demonstrate knowledge of banking applications of mathematics, such as reconciling a bank statement, determining simple and compound interest, determining the maturity of value of loans.
 Demonstrate knowledge of sales, pricing and invoicing by calculating trade
discounts, cash discounts, markups and markdowns.
 Use various formulas and percents to determine gross pay, payroll deductions
and net pay.
 Demonstrate knowledge of finance by calculating present value, future value,
annuities, and sinking fund. Use formulas and tables to develop an amortization schedule.
 Understand the concept and basic calculations of the various depreciation
methods.
 Understand the basic calculations of inventory evaluations.
7.
Recommended Course Content:
1-2 Weeks
1-2 Weeks
1-2 Weeks
1-2 Weeks
1-2 Weeks
1-2 Weeks
1-2 Weeks
1-2 Weeks
0-2 Weeks
0-2 Weeks
0-2 Weeks
Basic mathematical functions as they apply to business situations
Word problems with business applications using algebraic formulas
Percents in business and financial applications
Business statistics, such as measuring central tendency and variability, and calculating frequency distributions
Banking applications of mathematics, such as reconciling a bank
statement, determining simple and compound interest, determining
the maturity value of loans
Calculating trade discounts, cash discounts, markups and markdowns
Formulas and percents to determine gross pay, payroll deductions
and net pay
Present value, future value, annuities, and sinking fund
Formulas and tables to develop an amortization schedule
Concept and basic calculations of the various depreciation methods
Basic calculations of inventory evaluations
Instructor’s discretion
8.
Recommended Course Requirements:
Specific course requirements are at the discretion of the instructor at the time the
course is being offered. Suggested requirements might include, but are not limited to
Written or oral examinations
In-class exercises
Homework assignments
Quizzes
Attendance and/or class participation
9.
Text and Materials
An appropriate text(s) and materials will be chosen at the time the course is to be
offered from those currently available in the field. Examples include
Texts:
Noble, Kathleen and Belden, Kim, College Mathematics With
Business Applications, McGraw Hill, New York.
Tuttle, Michael, Practical Business Math, Prentice Hall, New Jersey.
Materials:
Articles and/pr handouts prepared by the instructor
Magazine or newspaper articles
10.
Evaluation and Grading:
Examinations (written and/or oral)
Homework
In-class exercises
Quizzes
Attendance
11.
70-90%
10-30%
0-10%
0-10%
0-10%
Methods of Instruction:
Instructional methods vary considerable with instructors and specific instructional
methods will be at the discretion of the instructor teaching the course. Suggested
techniques might include, but are not limited to
Lecture, problem solving, and class exercises or readings
Student class presentations
Group or individual projects
Other contemporary learning techniques (e.g., Service Learning, Co-op,
School-to-Work, self-paced, etc.)