BUSINESS MATH APPLICATIONS INDEPENDENT STUDY Credit: 3 Class Hours: Independent 22373 Independent Study Material Marshfield Campus 2600 West Fifth Street Marshfield, WI 54449 715 387-2538 Instructor: Diane G. Wolf 715 389-7022 Office phone number) diane.wolf@mstc.edu Marshfield Campus 2600 West Fifth Street Marshfield, WI 54449 715 387-2538 CONFIRMATION OF INDEPENDENT STUDY REGISTRATION Course Information: Independent Study Course #:______________________________________________________ Course Name:__________________________________________________________________ Date You Registered for the Course:________________________________________________ Student Information: Student SS #:___________________________________________________________________ Student Name:__________________________________________________________________ Student Address:________________________________________________________________ Student Telephone #:____________________________________________________________ Student E-mail Address:__________________________________________________________ PLEASE RETURN IMMEDIATELY TO: Diane Wolf MSTC 2600 W Fifth Street Marshfield, WI 54449 Business Math Applications Independent Study Welcome! You are enrolling in the challenging, yet rewarding, Business Math Applications course. I am your instructor, Diane Wolf. Feel free at anytime to contact me via phone (715.389.7022); e-mail (diane.wolf@mstc.edu); or by visiting me on the Marshfield campus (2600 West Fifth Street, Marshfield). All assignments and quizzes must be submitted by Dec 17, 2010. All assignments must be turned in to me for correcting, prior to putting your topic exams in the Marshfield library or Stevens Point campus. COURSE DESCRIPTION: Business Math Applications develop math skills required in business including percentages, bank statements, taxes and commission calculations. Problem solving and mathematical skills are utilized in areas of negotiable instruments, discounting, insurance, depreciation, interest computations, investments and statistics. TEXT/MATERIALS: Slater, Jeffrey, Practical Business Math Procedures, 8th ed., Irwin McGraw/Hill, 2006. Powerpoint slides for each chapter are available at my Faculty web link on MSTC’s home page. The learning concepts covered in this course include: CORE ABILITIES: □ □ □ □ □ □ □ □ Works productively Learns effectively Communicates clearly with supervisor and others Works cooperatively with others Acts responsibly Thinks critically and creatively Works as a team member Demonstrates confidentiality COMPETENCIES: 1. 2. 3. 4. 5. Apply basic computational skills: addition, subtraction, multiplication and division. Analyze and solve word problems related to business applications. Convert decimals, fractions, and percents. Solve equations for the unknown. Utilize and create business charts, financial statements, and graphs in order to interpret and solve financial transactions. 6. Apply formulas related to business applications. 7. Round numbers to proper (or indicated) place. LECTURE AVAILABILITY: this class is also taught in person and I post my lecture notes (PowerPoint format) on my web page under Business Math applications. I would encourage you to review this information. ACTIVITIES RELATED TO MEETING THESE COMPETENCIES: Apply pricing/payment strategies to buying and selling. Calculate business payrolls. Apply simple and compound interest rules. Calculate the cost of buying on credit and home mortgages. Analyze and compare financial reports. Estimate depreciation for financial reporting. Apply specific methods of valuing inventory. Calculate sales and property taxes. Compute insurance premiums, payments, and refunds. Calculate terms and costs associated with stocks and bonds. Analyze and graph business statistics. COURSE POLICIES: POLICY ON ACADEMIC INTEGRITY: Business Division students are expected to maintain and promote the highest standards of personal honesty and professional integrity. These standards apply to all examinations, assigned work, and projects. Therefore, a student who is found to have been dishonest (fraudulent, or deceptive in the completion of work or is willing to help others to be so), or who plagiarizes (presents the work of others as his or her own), is subject to the disciplinary action up to and including suspension. NEED FOR ASSISTANCE: If you know you have a recognized disability, or suspect that you might have one, it is your responsibility to identify yourself as soon as possible to the Disability Services staff in Student Affairs. Course standards will not be lowered, but various kinds of accommodations are available to you. Adequate and reasonable time will be required to develop and provide appropriate accommodations. It is MSTC’s goal to assist you in your educational plan. PERFORMANCE ASSESSMENT: Five exams will make up the majority of the course grade. All exams must be completed after the Practice Summary Tests (at the end of each chapter, starting with #7) have been submitted to your instructor. The exams will be available in the Marshfield Mid-State Technical College library (open Monday – Thursday 7:30 a.m. to 7:30 p.m. and Friday from 7:30 a.m. to 4:00 p.m.) or at the front desk in Stevens Point. Students may use the Business Math Handbook (for tables) and a calculator on exams. Your personal folder will be kept at the secretary’s desk in Room 104 to review graded assignments. All exams must be passed at a minimum of 76 percent (38 out of 50 points) accuracy. If a student fails to achieve this standard, one opportunity to retake the exam will be allowed. This retake will be graded at 90 percent of value achieved. Retakes must be taken within ten calendar days of the original test date. Practice Summary Tests after each chapter will also count towards your grade. Each Practice Summary Test will have a value of five points (total value of 80 points). No credit will be given unless all work is submitted with answers. GRADING SCALE Grade Requirement A 313 – 330 points A- 297 – 312 points B+ 287 – 296 points B 273 – 286 points B- 265 – 272 points C+ 254 – 263 points C 240 – 253 points C- 231 – 239 points D+ 221 – 230 points D 200 – 220 points F Below 200 points Name _____________________________ BUSINESS MATH APPLICATIONS TEST SCORES Chapter 7 Trade and Cash Discounts (5 points) __________ Chapter 8 Markups and Markdowns (5 points) __________ Chapter 9 Payroll (5 points) __________ Exam I (50 Points) __________ Chapter 10 Simple Interest (5 points) __________ Chapter 11 Promissory Notes, Simple Discount Notes, Interest-Bearing Notes (5 points) __________ Chapter 12 Compound Interest and Present Value (5 points) __________ Chapter 13 Annuities and Sinking Funds (5 points) __________ Exam 2 (50 points) __________ Chapter 14 Installment Buying (5 points) __________ Chapter 15 Home Ownership (5 points) __________ Exam 3 (50 points) __________ Chapter 16 Financial Reports (5 points) __________ Chapter 17 Depreciation (5 points) __________ Chapter 18 Inventory and Overhead (5 points) __________ Exam 4 (50 points) __________ Chapter 19 Taxes (5 points) __________ Chapter 20 Insurance (5 points) __________ Chapter 21 Stocks and Bonds (5 points) __________ Chapter 22 Business Statistics (5 points) __________ Exam 5 (50 points) __________ Total __________