Revised by: Steve Abram
Date: November 2004
1.0 Course Title:
Business Math and Machines
2.0 Catalog Number:
OF103T
3.0 Semester Credit Hours: 3
3.1 Lecture Hours
3
3.2 Lab Hours
0
4.0 Course Description: Provides for the integration of business math concepts and formulas
and electronic calculator operation. Emphasis will be on ten-key touch, and applying business
mathematics using the calculator.
5.0 Prerequisites:
Comments:
None
Student with a Math COMPASS score of below 50 will need to
take a preparatory math course before taking this course.
6.0 General Course Competencies:
1. Calculate basic math problems pertaining to whole numbers, fractions, decimals, and
percents.
2. Use formulas to calculate merchandising methods.
3. Use formulas to calculate accounting principles.
7.0 Major Units of Instruction:
1. Review of basic computational skills.
2. Calculate trade and cash discounts, markups and markdowns.
3. Calculate payroll, simple interest, discounting of notes, compound interest and present
value.
4. Use formulas to calculate practical math solutions.
8.0 Unit Objectives:
8.1 Calculate basic math problems pertaining to whole numbers, fractions, decimals, and
percents.
8.1.1 Become proficient with 10-key keyboard.
8.1.2 Add, subtract, multiply and divide whole numbers.
8.1.3 Convert fractions to proper, improper, and mixed numbers.
8.1.4 Add, subtract, multiply and divide fractions.
8.1.5 Convert decimals to fractions and fractions to decimals.
8.1.6 Add, subtract, multiply and divide with decimals.
8.1.7 Convert decimals, fractions to percents.
8.1.8 Calculate base, rate, and portion.
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Revised by: Steve Abram
Date: November 2004
8.2 Use formulas to calculate accounting principles.
8.2.1 Calculate single and chain trade discounts.
8.2.2 Calculate cash discounts, credit terms, and partial payments from an invoice.
8.3.3 Computer markups based on cost or selling price.
8.3.4 Calculate cost or selling price based on markup percent.
8.3.5 Calculate markdowns.
8.3 Use formulas to calculate accounting principles
8.3.1 Calculate various types of employee’s gross pay.
8.3.2 Compute payroll deductions for employee’s pay
8.3.3 Calculate simple interest
8.3.4 Calculate bank discount and proceeds for simple discount notes.
8.3.5 Calculate true rates of interest for simple discount notes.
8.3.6 Calculate maturity value, bank discount, and proceeds of note.
8.3.7 Calculate compound interest manually and through tables.
8.3.8 Calculate present value by using tables.
8.3.9 Analyze financial reports.
8.3.10 Calculate depreciation of an asset.
8.3.11 Calculate inventory using LIFO, FIFO or weighted average.
8.4 Use formulas to calculate practical math solutions.
8.4.1 Calculate present and future value of annuities.
8.4.2 Calculate the cost of installment buying.
8.4.3 Calculate an amortization schedule for home mortgage.
8.4.4 Calculate sales and excise tax.
8.4.5 Computer costs for auto, fire, and life insurance.
8.4.6 Calculate returns on stocks, bonds, and mutual funds.
9.0 Bibliography:
Practical Business Math Procedures, Jeffrey Slater, 7th edition, McGraw Hill.
The Electronic Calculator Guide for use with Practical Business Math Procedures
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