Requisite Approval must be attached
CITRUS COMMUNITY COLLEGE DISTRICT
CREDIT COURSE OUTLINE
DEPARTMENT Mathematics
COURSE NUMBER MATH 115
TITLE Business Mathematics
THIS COURSE IS CLASSIFIED AS:
DEGREE APPLICABLE
UNIT VALUE
3
LECTURE HOURS PER WEEK BASED ON 18 WEEK SEMESTER
LAB HOURS PER WEEK BASED ON 18 WEEK SEMESTER
2
5
ENTRANCE SKILLS, PREREQUISITES, OR CO-REQUISITES
Placement is based on multiple assessment measures or successful completion of
MATH 029.
CATALOG COURSE DESCRIPTION
Mathematics to solve typical business problems including banking, discounts,
markups, payroll, simple and compound interest, annuities, sinking funds, buying,
financial reports, depreciation, inventory, taxes, insurance, stocks, and statistics.
Computer assignments using Excel (or a similar application) will be used to cover
many of the course topics. Two hours lecture, five hours lab per week.
CLASS SCHEDULE COURSE DESCRIPTION
Mathematics to solve typical business problems including banking, discounts,
markups, payroll, simple and compound interest, annuities, sinking funds, buying,
financial reports, depreciation, inventory, taxes, insurance, stocks, and statistics.
Computer assignments using Excel (or a similar application) will be used to cover
many of the course topics.
COURSE OBJECTIVES
Upon successful completion of this course, the student should be able to:
1.
demonstrate the ability to manage a checking account
CITRUS COMMUNITY COLLEGE DISTRICT
MATH 115 Business Mathematics
CREDIT COURSE OUTLINE
Page 2
2.
demonstrate the ability to solve a work problem by solving an equation for
the unknown
3.
demonstrate the ability to solve percent problems
4.
demonstrate the ability to use given credit terms to determine discounts,
credit, and partial payments
5.
demonstrate the ability to calculate markups and markdowns
6.
demonstrate the ability to calculate payroll and payroll deductions
7.
demonstrate the ability to compute simple interest
8.
demonstrate the knowledge of the principles of notes and banking discount
9.
demonstrate the ability to compute compound interest
10.
demonstrate the knowledge of the principles of annuities
11.
demonstrate the knowledge of the principles of sinking funds
12.
demonstrate the knowledge of the principles of consumer credit
13.
demonstrate the knowledge of the principles of monthly mortgages
14.
demonstrate the ability to read, analyze, and interpret financial reports
15.
demonstrate the knowledge of the principles of depreciation
16.
demonstrate the knowledge of the principles of inventory and overhead
17.
demonstrate the knowledge of the principles of sales, excise, and property
taxes
18.
demonstrate the knowledge of the principles of life, fire, and auto insurance
19.
demonstrate the knowledge of the principles of stocks, bonds, and mutual
funds
20.
demonstrate the knowledge of the principles of business statistics
REQUIRED TEXTS AND MATERIALS
CITRUS COMMUNITY COLLEGE DISTRICT
MATH 115 Business Mathematics
CREDIT COURSE OUTLINE
Page 3
Mathematics for Business, Salzman/Miller/Clendenen, 2002
Slater Calculator
The reading for this course is:
PRIMARILY COLLEGE LEVEL
REQUIRED ASSIGNMENTS OUTSIDE OF CLASS
Over an 18 week presentation of the course three hours per week are required for
each unit of credit. Two hours of independent work done out of class are required
for each hour of lecture. Students will be required to complete the following types
of assignments outside of the regular class time:
Study
Answer questions
Practice skills
Read required materials
Solve problems by hand and by using the computer
Do computer projects
Observe activities related to course content
Participate in activities related to course content
Outside assignments on the topics listed under Course Content include solving
problems that are similar to those demonstrated in class. These serve as practice
exercises to reinforce the learning of the skills and concepts being taught.
Outside assignments also include solving problems that are different from those
presented in class. Such problem solving requires students to apply the concepts
in a new context.
Application problems are regularly assigned. Students learn to evaluate an
unfamiliar problem by recognizing the mathematical concepts that apply and then
using acquired mathematical skills to solve the problem.
DEGREE APPLICABLE COURSE:
2 hours of independent work done out of class per each hour of lecture or class
work, or 3 hours lab, practicum, or the equivalent, per unit.
COURSE CONTENT
I.
Banking
II.
Solving Equations
CITRUS COMMUNITY COLLEGE DISTRICT
MATH 115 Business Mathematics
III.
Applications of Percents
IV.
Trade and Cash Discounts
V.
Markups and Markdowns
VI.
Payroll
VII.
Simple Interest
VIII.
Promissory Notes
IX.
Compound Interest
X.
Annuities
XI.
Sinking Funds
XII.
Consumer Credit
XIII.
Cost of Home Ownership
XIV.
Financial Statements
XV.
Depreciation
XVI.
Inventory and Overhead
XVII. Taxes
XVIII. Life, Fire, and Auto Insurance
XIX.
Stocks, Bonds, and Mutual Funds
XX.
Business Statistics
METHODS OF INSTRUCTION
Lecture/Discussion
Lecture/Laboratory
Field Experience
METHODS OF ASSESSMENT
CREDIT COURSE OUTLINE
Page 4
CITRUS COMMUNITY COLLEGE DISTRICT
MATH 115 Business Mathematics
CREDIT COURSE OUTLINE
Page 5
FOR DEGREE APPLICABLE COURSES:
Students will be graded, at minimum, in at least one of the following categories. If
“essay” is not checked, it must be explained why essays are in inappropriate basis
for at least part of the grade in the course.
ESSAY OR SUBSTANTIAL WRITING ASSIGNMENT
Includes not only “blue book” examinations buy any written assignment of sufficient
length and complexity to require students to select and organize ideas as well as to
explain them.
COMPUTATIONAL OR NON-COMPUTATIONAL PROBLEM-SOLVING
Critical thinking should be demonstrated by the solution of unfamiliar problems that
admits various solutions or various strategies for achieving the solution.
A course grade may not be based solely on attendance.
Adopted:
Revised:
Revised:
Revised:
Revised:
December, 2000
August, 2001
April, 2002
September, 2002
January, 2004
CITRUS COMMUNITY COLLEGE DISTRICT
REQUISITE APPROVAL
The Requisite Approval form must be completed for any course that carries a
prerequisite, corequisite, or limitation on enrollment as indicated on the Course
Approval form.
Department: Mathematics
Course number: MATH 115
I.
Title: Business Mathematics
RECOMMENDED REQUISITE(S):
Placement is based on multiple assessment measures or successful completion
of MATH 029.
II.
TYPE OF REQUISITE AND THE APPROPRIATE LEVEL OF SCRUTINY.
CIRCLE THE APPROPRIATE LETTER:
H.
ADVISTORY.
Advisories require content review, but do not require a finding that they
are necessary for student success.
They only require the
recommendation of faculty in the department or discipline and of the
Curriculum Committee that they significantly enhance student success in
the course.
III.
CONTENT REVIEW. FACULTY SHOULD BASE CONTENT REVIEW ON THE
SYLLABUS AND OUTLINE OF RECORD, TESTS, RELATED INSTRUCTIONAL
MATERIALS, TESTS, AND GRADING CRITERIA.
CHECK THE
APPROPRIATE BOX TO INDICATE THAT THE CONTENT REVIEW HAS
BEEN COMPLETED:
þ
For courses to be used as requisites or advisories, compare the
knowledge and/or skills needed at entry with those taught in the requisite,
concurrent, or advisory course.
A.
LIST THE SPECIFIC SKILLS, CONCEPTS AND INFORMATION
REQUIRED FOR SUCCESS IN THE COURSE:
1.
Ability to perform basic arithmetic operations with real numbers.
2.
Familiarity with the concept of a variable.
3.
Ability to solve simple equations.
CITRUS COMMUNITY COLLEGE DISTRICT
MATH 115 Business Mathematics
B.
NOTE:
REQUISITE APPROVAL
Page 2
4.
Knowledge of techniques for solving equations.
5.
Students should know the order of operations.
6.
Basic knowledge of geometry concepts involving perimeter and
area.
7.
Ability to read college level texts and materials.
LIST THE SPECIFIC SKILLS, CONCEPTS AND INFORMATION THE
STUDENT WILL ATTAIN IN THE REQUISITE COURSE OR THAT WILL
BE MEASURED WITH THE REQUISITE TEST:
1.
Ability to perform basic arithmetic operations with real numbers.
2.
Familiarity with the concept of a variable.
3.
Ability to solve simple equations.
4.
Knowledge of techniques for solving equations.
5.
Students should know the order of operations.
6.
Basic knowledge of geometry concepts involving perimeter and
area.
7.
Ability to read college level texts and materials.
Per District policy and procedures the completed and approved
Requisite Approval form is considered to be part of the official
course outline of record.