FALL 2010 MA100 Business Math 3 Credit Hours Textbook Contemporary Business Mathematics 14th Edition Deitz & Southam Division of Business Instructor: Cathy Forshee Business Mathematics FALL 2010 Course Number: MA100 Time & Day: MWF 1:00 PM-1:55 PM Location: Room 204 Instructor: Cathy Forshee Office: F47 Orange Pod (across the hall from Cook Theatre) Phone: 1-785-243-1435 ext 239 1-800-729-5101 1-785-464-3843 – home (please don’t call after 9 p.m.) Email: cforshee@cloud.edu Required Text: Contemporary Business Mathematics 14th Edition, by Deitz & Southam ISBN 978-0-324-31801-2 Other Required Materials: Notebook or Folder Calculator Also recommended is a jump drive for saving work and transferring research from one computer to another. Course Description: MA100 BUSINESS is a course starting with the basic math concepts and moving to more complex mathematical concepts. The course will not only deal with theory, but will concentrate on applications of using those concepts in solving problems dealing with personal finance, business finance, and business analysis. PREREQUISITE: Pre-Algebra or appropriate ACT/ASSET/COMPASS scores. EXPECTED LEARNER OUTCOMES: The objective of this course is to provide each student with the skills and knowledge needed to solve complex business problems. This will be achieved by first reviewing basic mathematic calculations (addition, subtraction, multiplication, and division) and the manipulation of information in word problems. Then, after learning new business formulas, we will integrate mathematic calculations with these business formulas to allow each student to solve complex business problems. METHOD OF EVALUATION/GRADING: METHOD OF EVALUATION/GRADING: Students will be expected to complete a variety of assignments, quizzes and exams. A student’s final grade will be evaluated according the following grading scale: A = 100 - 90 B = 89 - 80 C = 79 - 70 D = 69 - 60 F = 59 - 0 TEACHING METHODS: TEACHING METHODS: Classes will be a combination of lecture, discussion, class assignments, quizzes and tests. 1. Quizzes: A quiz will be given after each chapter to ensure students comprehend the assigned material. Quizzes may include true/false, matching, completion, and/or multiple choice questions. The quizzes are 10 questions each worth 2 points. You will be allowed 20 minutes to complete each quiz. NO make-up quizzes will be given, unless there are extenuating circumstances, as defined by the instructor. 2. Unit Exams: There will be 5 unit exams worth 100 points each. You will be allowed one hour to complete the test. All tests are to be “closed book” and no prior notes are permitted. 3. Class Assignments There will be Chapter Questions and Class Assignments that you will be expected to do during the allotted class period time. ASSIGNMENT POLICY: Assignments are due at the beginning of a class session. In the case of a planned absence you must notify the instructor in advance and turn in assignment BEFORE leaving. COURSE POLICIES ACADEMIC INTEGRITY It is imperative that each student does his/her own work. The following policy will apply to all students in class. Infractions of academic integrity (honesty) shall include: Using another student’s work without giving the student credit for the work. In other words, taking someone else’s file and placing your name on it and claiming it is yours, using another student’s quiz, or help on a quiz/exam. Giving another student your file(s) knowing that he/she intends to turn it in as his/her own creation, giving another student your quiz, or help on a quiz/exam. It is not an infraction of the policy to help another student understand how to do an assignment if he/she does the work himself/herself with your assistance. Cheating: “Cheating means getting unauthorized help on an assignment, quiz or examination.” 1. You must not receive from any other students or give to any other students any information, answers, or help during an exam. 2. You must not use unauthorized sources for answers during an exam. You must not take notes or books to the exam when such aids are forbidden, and you must not refer to any book or notes while you are taking the exam unless the instructor indicates it is an “open book” exam. 3. You must not obtain exam questions illegally before an exam or tamper with an exam after it has been corrected. Materials taken from “Academic Dishonesty in Our Classrooms.” Instructional Exchange, 1990, 2 (2), 1-4 (Newsletter available from the Office of University Assessment and Intellectual Skills Program, Western Michigan University) Plagiarism: “Plagiarism” means submitting work as your own that is someone else’s. For example, copying material from a book, the Internet, or another source without acknowledging that the words or ideas are someone else’s and not your own is plagiarism. If you copy an author’s words exactly, treat the passage as a direct quotation and supply the appropriate citation. If you use someone else’s ideas, even if you paraphrase the wording, appropriate credit should be given. You have committed plagiarism if you purchase a term paper or submit a paper as your own that you did not write. PENALTIES FOR INFRACTIONS: There will be absolutely no toleration of any infraction of academic integrity, cheating, or plagiarism. The penalty for committing an infraction will be an automatic 0 and possible “F” in the course for all who are involved. ATTENDANCE POLICY: Attendance in class is the student’s responsibility. If you miss an evening class it is comparable to a week of day classes, so it is important that you make it to class. Students cannot miss class and effectively complete the course requirements. In case you are late or absent from class, it is your responsibility to get the notes, handouts, and turn in the required assignments. CONDUCT: Appropriate behavior is expected at all times. It is expected that you will be on time to class, remain respectful of self and others, use appropriate language, not speak out of turn and have cell phones turned OFF. You are in the class to learn. If you aren’t, others are, and if you unduly disturb that effort, you may be asked to leave the class. EXAMINATION POLICY: Exams and quizzes must be completed. Absence from any examination must be approved in advance by the instructor and is the responsibility of the student to make up on his or her own time. Any student who misses an examination without prior approval will receive an automatic deduction of ten percent on the exam. INSTRUCTOR ASSISTANCE: If you are having problems with the course work or assignments, please let the instructor know as early as possible. My office hours are intended as a time to work with students and prepare for classes. If you are unable to come during my office hours, please ask for an appointment in advance. I encourage you to use E-mail as a reliable way to contact me about any issues. TUTOR ASSISTANCE: Tutors are available in the Learning Skills Center. Contact the Learning Skills Center for more information. INCOMPLETE POLICY: Students will not be given an incomplete grade in the course without sound reason and documented as described in the Student Handbook. The incomplete must be made up with the instructor assigning the incomplete and must be completed the semester immediately following the semester in which the class was taken. Refer to the Student Handbook for a complete explanation. ACADEMIC COMPLAINTS: Cloud County Community College has an Academic Due Process Policy to address any student academic complaints. For any unresolved complaints, the policy can be obtained from the Academic Affairs Office. DEPARTMENT GOALS: Students who complete a mathematics class at Cloud County Community College should be able to: 1. Demonstrate mathematical reasoning or analysis. 2. Demonstrate mathematical knowledge. 3. Manipulate mathematical expressions. COURSE GOALS: 1. Reviewing basic mathematics skills 2. Determining how to figure interest and gain an awareness of how interest charges are calculated for individuals and institutions 3. Understanding the use of percentage in business 4. Compute sales taxes using rate tables and percents, property taxes bases on assessed valuation, compute tax rates in percents and mills. 5. Compute future values, present values from tables and formulas. 6. Compute auto insurance-life insurance-medical insurance contributions and reimbursements 7. Compute simple interest, compound interest and present value, installment purchases and promissory notes and discounting. 8. Compute the costs and proceeds of stock buy-and-sell transactions. 9. Compute rate of yield and gains or losses on the purchases and sales of stocks. ASSESSMENT of COURSE GOALS: Fall 2010All students enrolled at CCCC are evaluated in a number of ways. This includes the use of testing, homework, performance, and related methods. Students may also be involved in the ongoing assessment process to insure quality learning. If you have questions about assessment please contact the instructor. Each semester student learning success will be assessed. Rubrics/Rating Scale 3 – Skilled 2 – Moderately Skilled 1 – Exposed N – Not Exposed Ninety percent of the students will score a Level 2 or higher on one-hundred percent of the program competencies. Forty percent of the students will score a Level 3 on eighty percent of the program competencies. ACCOMMODATION FOR DISABILITY: If you need academic adjustments for any type of disability, see your instructor during office hours or make an appointment. Students also may contact the Director of Advisement and Counseling, located in the Advisement Center. INCLEMENT WEATHER POLICY: In case of extremely severe weather, the college may close. The following radio and TV stations will be notified: KNCK 1390 AM Concordia KCLY 100.9 FM Clay Center KREP 92.1 FM Belleville KHCD 89.5 FM Hutchinson KVSV 1190 AM Beloit KSAL 1150 AM Salina WIBW (TV) Chan. 13 Topeka KWCH (TV) Chan. 12 Wichita KOLN (TV) Chan. 10 Lincoln, NE Notification will also be placed on the internet at www.cancellations.com. A text message will also be sent out on the Emergency Text Messaging System for the students who have signed up for it. Students should call the switchboard at 800-729-5101 or 785-243-1435 if they are unable to attend class due to hazardous conditions. Night class and off campus class cancellations are left to the discretion of the instructor. EMERGENCY NOTIFICATION PROCEDURE: When alarms are sounded or crisis conditions arise, you will be instructed to move to a designated safe area or to remain in the classroom until the crisis has passed. If you are informed to leave the room, take as many of your personal belongings as time permits. Cell phones and other electronic devices are only to be used once you arrive in the safe area outside the building. Students requiring special assistance will be the responsibility of the instructor or staff person. Systems of alert for tornado or bomb threat: PA system, phone, or staff interruption of class. In case of fire, the alarm will sound. If directed to leave the building, evacuate to the soccer field unless an alternate safe location has been designated. 2010 Fall Schedule Week 1 August 18-20 Introduction to class Fundamental Processes Addition-Subtraction Week 2 August 23-27 Fundamental Process Multiplication-Division-Estimating Quiz 1 Week 3 August 30-Sep 3 Fractions/Decimals/Word Problems and Equations Week 4 September 6-10 September 6 Labor Day-College Closed September 8 Exam 1 Percents Week 5 September 13-17 / Week 6 September 20-24 Commissions/Discounts/Markup Week 7 Sept 27–Oct 1 Payroll Records October 1 – In-Service – Day Classes will not meet Week 8 October 4-8 Taxes Quiz 2 Week 9 October 11-15 Insurance October 15 Exam 3 Mid-Term Exams Week 10 October 18-22 Simple Interest Quiz 3 Week 11 October 25-29 Installment Purchases Quiz 4 Week 12 November 1-5 Promissory Notes and Discounting-Bring a Calendar to Class Quiz 5 Week 13 November 8-12 Compound Interest November 11-Veterans Day-College Closed November 12 Exam 4 Week 14 November 15-19 Corporate Stocks Quiz 6 September 20 Exam 2 Banking Week 15 November 22-23 Corporate and Government Bonds November 24-25-26th Thanksgiving Break-No Class Week 16 Nov 29-Dec 3 Annuities Quiz 7 Week 17 December 6-10 Compound Interest Exam 5 Finals December 13-16 Comprehensive Final