# Course Syllabus - Bakersfield College

```Course Syllabus
Fall Semester 2015
CRN: 71164 meets MW 9:35 – 11:00 a.m.
Website: www2.bakersfieldcollege.edu/ivey
Phone (661) 395-4363
Monday
9 – 9:30 a.m.
11 – 12:30 p.m.
Michael Ivey, Professor
Bakersfield College
1801 Panorama Drive
Bakersfield, CA 93305
e-mail: [email protected]
Office Hours
Tuesday
Wednesday
9 – 9:30 a.m.
11 – 12:30 p.m.
5:30 – 6 p.m.
Other times by appointment
5:30 – 6 p.m.
Thursday
Arrangement
Course Description: This course emphasizes basic arithmetic skills reviewed and applied to the
solution of business problems. Emphasizes bank records, invoices, cash and trade discounts, markup
and markdown, inventory valuation, payroll, simple and compound interest, promissory notes,
installment buying, stocks and bonds, amortization, real estate loans, property tax, personal income
tax, depreciation, and insurance.
Student Learning Outcomes:
1. Solve trade discount problems using net cost equivalent factors and interpret cash discount
terms of various types.
2. Create payroll records involving incentive piecework schedules and FICA, SDI and withholding
taxes.
3. Solve for unknown cost, markup, or sales price from partial data, convert markup on sales to
markup on cost and distinguish between the two.
4. Illustrate an inventory valuation using LIFO, FIFO, average and specific identification methods.
5. Solve interest problems for unknown principal, rate, or time factors.
6. Determine the proceeds of a three-party note when a simple interest note is discounted to a
bank.
7. Use correctly the procedure for determining the present value of an annuity. Determine the
appropriate payments into a sinking fund to retire debt.
8. Analyze annual interest (annual percentage rate) for an installment loan in accordance with
federal Truth-in-Lending Act. Determine a partial loan payoff amount using the Rule of '78.
Amortize a long-term loan by periodic payments.
9. Construct and manipulate cost, salvage value and useful life of a plant asset to determine
depreciation by straight line, declining balance, units of production, and accelerated cost
recovery methods.
Required Text and Materials:
9780077701505 McGraw Hill.
A simple calculator (one that adds, subtracts, multiplies, and divides)
Chapter Quizzes (4 @ 100)
Homework (5 pts per chapter)
Final Examination
Total Points Available
Points Available
400
85
100
585
Percentage Scale
A = 100 – 90%
B = 89 – 80%
C = 79 – 70%
D = 69 – 60%
F = below 60%
Points Scale
524 – 585
465 – 523
407 – 464
348 – 406
0 – 347
Attendance:
There is a direct correlation between attendance and your grade. The fewer days missed, the higher
will miss instructor and class discussions that may help you understand material that is important.
Please try to attend regularly and on time, if you know you will be absent, please let the instructor
know immediately. Any work missed is your responsibility to make up and the instructor will not
remind you of missed work. Late assignments will be accepted but there will be a 10% penalty for
each week the assignment is late. After 2 weeks, the assignment will no longer be accepted.
BC Attendance Policy: Students who have been absent from a class should notify the instructor of
the reason for the absence. Absence in no way relieve students of responsibility for work missed.
Excessive absences may result in the student being dropped from the course. Instructors may drop a
student from a course when absences number the equivalent of two weeks of class recorded from
the first day of instruction. If particular circumstances warrant and can be justified academically,
faculty members may drop students after less than two weeks of absences. Faculty members may
give consideration to excusing students from classes to participate in scheduled college activities
(athletics, music, field trips, etc.). The student must make arrangements in advance to make up the
work to be missed.
Class Rules:
1. Attend class promptly as required by your schedule.
2. Be prepared before you come to class, including having assignments read and homework
completed.
3. Take notes in class to help remind you of topics discussed when reviewing chapter tests.
4. The student is on his or her honor. This means cheating is unacceptable and will not be
tolerated. Anyone found cheating in this course will be referred to the Dean of Students.
5. It is your responsibility to drop the course if you stop attending – not the instructor’s.
6. If you feel you are not getting what you expect or deserve from the instructor, talk to him. It
****Students with disabilities who believe they may need accommodations in this class are
encouraged to contact Disabled Student Programs & Services located at Student Services Building,
1st Floor, Counseling Center (661-395-4334), as soon as possible to better ensure such
accommodations are implemented in a timely fashion.
Schedule (Tentative)
Week Number
1
Class Discussions
Chapter 2: Fractions
Chapter 3: Decimals
Chapter 4: Banking
2
Test on Chapters 2 - 4
3
Chapter 5: Using Equations to Solve Business
September 6:
Problems
Last day to drop
semester length
classes without
4
Chapter 6: Percent and their Applications in
5
Chapter 7: Trade and Cash Discounts
6
Chapter 8: Markup and Markdown
Test on Chapters 5 – 8
7
Chapter 9: Payroll
Test on Chapter 9
8
Chapter 10: Simple Interest
8
Chapter 11: Promissory Notes
9
Chapter 12: Compound Interest and Present
Value
10
Chapter 13: Annuities
October 30:
Last day to withdraw
from semester length
11
Test on Chapters 10 -- 14
12
Chapter 17: Depreciation
13
Chapter 18: Inventory
14
Chapter 19: Taxes
15
Chapter 20: Insurance
16
Final Exam on Chapters 17 – 20
Monday, December 7, 2015 from 10 – 11:50
a.m.
Homework
Summary Practice Test for
Each Chapter
Summary Practice Test
Summary Practice Test
Summary Practice Test
Summary Practice Test
Summary Practice Test
Summary Practice Test
Summary Practice Test
Summary Practice Test
Summary Practice Test
Summary Practice Test
Summary Practice Test
Summary Practice Test
Summary Practice Test
Summary Practice Test
Summary Practice Test
```
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