Business Administration 112
Winter 2012 Daily 5 Credits
Instructor: Krista Mahan, Office #24
Office Phone: 527-4233
Office Hour: 11:30 or by appointment
E-mail: krista.mahan@wwcc.edu
Texts:

Practical Business Math Procedures, 10 th Edition (Brief) by Slater
 Business Math Handbook and Study Guide by Slater (Pkg w/text)

Simple Calculator (no cell phone calculators during tests)
After a basic math review (sections of chpts 1-3), we will cover chapters
6, 7, 8, 10, 11, 12, and 13. For each chapter we will solve problems using calculators and then build spreadsheet formulas using Excel.
Description: This course develops competency in common business calculations with an emphasis on solving word problems related to financial decision-making and the management of cash flow. Students learn to calculate percentages, trade and cash discounts, markups and markdowns, simple and compound interest, bank discounts, present and future value of annuities and sinking funds. Students perform calculations with the aid of a calculator and create spreadsheet formulas to solve problems using
Excel. Strong basic math skills or Math 49 is recommended.
Instruction Method: Lecture, demonstration, try it, small group work and practice.
Learning Outcomes: You will be able to:
 Use computational and critical thinking skills to solve word problems related to common business and personal situations.

Evaluate business performance using calculated rate of percent increases and decreases of various factors.
 Apply basic math skills (such as percentages, decimals, and fractions) as required in all applications.

Solve problems related to trade and cash discounts and understand how these discounts affect business decisions, costs, and cash flow strategies.
 Calculate the cost and selling price of merchandise through markups based on both cost and selling price including various factors such as loss, etc.
 Determine level of cost that cannot be exceeded in order to maintain required profit and a competitive selling price.
 Determine changes in original selling price through markups and markdowns.
 Calculate figures involved in simple interest and simple discount applications.

 Perform calculations dealing with the borrowing or lending of monies.
 Perform calculations required for establishment of annuities & sinking funds.
 Given scenarios, determine best financial course of action integrating skills from previous chapters.
 Apply math skills learned to develop spreadsheet formulas that will automatically calculate answers to problems students did manually in class.
Evaluation:
15% Homework Assignments . Homework assignments are given daily on course calendar and you will be given a chance to ask questions, correct, and learn from your mistakes. All homework for the chapter will be checked during the chapter’s testing period and will not be accepted past this day. Bring questions from homework to class the next day. Note: You have total control over earning 100% of these points.
For Chapters 6-13, Homework consists of the following and is listed on your calendar:

A-pages: most of which will be completed in class (gold outer edge in back of text)

End of the chapter problems (Check figures for odd questions are in Appendix C.

Summary Practice Test (Check figures are all are in Appendix “C” in back of text.)

Additional Practice Problems as provided and assigned.

Extra Practice if desired: Use your DVD provided with the text.
I will check homework to see if you completed the following assignments: (1) A-pgs.;
(2) End of Chapter; (3) Summary Practice; and (4) Additional Packets if given. If you have completed all four you will get 100%. Each assignment left undone lowers your homework grade for that chapter by 25%. Homework is meant to raise your grade, not lower it. If your final homework grade is lower than your test average, your grade will be based on test average alone.
85% Chapter Tests . A Chapter/Unit test will be given approximately every 7 days and your scores will be averaged to determine this portion of your grade. Safety Net : At the end of the quarter I will drop out your lowest test score (10%) before your average is calculated. The final exam is comprehensive, however it is open book, open note.
Missed Test Policy: It is your responsibility to notify me and schedule a time to makeup a missed test. Fifteen percent is deducted on any test involving an unexcused absence the day of the test.
93% and above ...... A
90 – 92% ................ A-
87-89 ...................... B+
83-86 ...................... B
80-82 ...................... B-
77-79 ...................... C+
Chapter Test Values:
Review:
Chapter 6
Chapter 7
Chapter 8
Chapter 10
73-76 ...................... C Chapter 11
5%
10%
10%
10%
10%
10%
70-72 ...................... C- Chapter 12 and 13 20%
67-69 ...................... D+ Final 10%
60-66 ...................... D
59 and below F
Test = 85%
Homework = + 15%
Final Grade 100% - see chart to left

Suggestions for Success:
1. Attend class and participate. NO computer use or continual texting during class!
2. Be prepared for class by completing your assignments on time and ask questions.
3. Seek out help when needed. (Instructor, text DVD videos, math lab)
4. Focus on understanding the concept
– don’t try to memorize the steps!
5. Practice, practice, practice!! Math is a skill
– practice makes proficient.