BUSINESS MATH - PowerPoint PPT Presentation

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BUSI 90A, BUSI 90B, BUSI 90C 1-3 units, 3-9 hours. BUSINESS MATH. Business math applies arithmetic to practical problems encountered by business professionals. BUSI 90A (Part 1) : Chapters 4-9

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BUSI 90A, BUSI 90B, BUSI 90C

1-3 units, 3-9 hours

professionals.

BUSI 90A (Part 1): Chapters 4-9

One unit of credit is earned for completing 6 Chapter Tests on Banking, Percents & Applications, Trade & Cash Discounts, Markups & Markdowns, Payroll, and Solving for the Unknown.

BUSI 90B (Part 2): Chapters 10-15

One unit of credit is earned for completing 6 Chapter Tests on Simple Interest, Promissory Notes, Interest & Present Value, Annuities & Sinking Funds, Installments/Credit Cards, and Cost of Home Ownership.

BUSI 90C (Part 3): Chapters 16-22

One unit of credit is earned for completing 7 Chapter Tests on Inventory and Overhead; Sales, Excise & Property Tax; Depreciation; Financial Reports; Stocks, Bonds, and Mutual Funds; and Statistics.

Recommended Preparation: MATH 55, Pre-Algebra

CATALOG DESCRIPTION

• A pocket calculator with at least five (5) decimal places and memory storage capacity

• 3”x 5” note cards

FOR BUSI 90A

• ISBN:  1259424405—SLATER, LSC CPS7 (NAPA VALLEY COLLEGE) BUSI 90A/B/C: PPK Practical Business Math with Connect Plus Volume 1, 11, 2014

FOR BUSI 90B

• ISBN:  125940966X—Slater, LSC CPS7 (NAPA VALLEY COLLEGE) BUSI 90A/B/C: PPK Practical Business Math with Connect Plus Volume 2, 11, 2014

FOR BUSI 90C

• ISBN:  1259409716—Slater, LSC CPS7 (NAPA VALLEY COLLEGE) BUSI 90A/B/C: PPK Practical Business Math with Connect Plus Volume 3, 11, 2014

REQUIRED STUDENT MATERIALS

This is an Open Entry/Open Exit class. Units can be broken down from 1-3 units. A student may enroll for 1 unit each in either BUSI 90A, BUSI 90B, or BUSI 90C. With the instructor’s permission, students may increase the number of units any time during the first 13 weeks of the semester. A total of 3 units of credit can be earned. NOTE: Students desiring to complete three (3) units in one semester should follow the Recap Sheet closely for suggested chapter completion dates.

COURSE STRUCTURE

BUSI 90A (Part 1): Upon the completion of this course, the student will be able to:

Analyze banking transactions.

Set up a check book register.

Reconcile a bank statement.

Solve business word problems involving percentages.

Calculate trade and cash discounts on purchases.

Calculate markup and markdown percentages and prices.

Set up recordkeeping for payroll transactions.

BUSI 90 B (Part 2): Upon the completion of the course, the student will be able to:

Calculate interest on loans and annuities.

Calculate simple and compound interest, present value, and promissory notes.

Calculate mortgages for purchases of assets.

Analyze and prepare consumer and business credit transactions, such as installment loans.

BUSI 90C (Part 3): Upon the completion of the course, the student will be able to:

Read, analyze, and interpret financial statements.

Calculate and analyze accounting ratios.

Determine depreciation rates on assets.

Assess inventory values and determine overhead costs.

Calculate sales, excise, and property taxes.

Determine insurance rates for life, fire, and auto.

Analyze investments, such as stocks, bonds, and mutual funds.

Analyze business statistics and illustrate through the use of charts.

OBJECTIVES

BUSI 90A

Analyze and solve business arithmetical problems that include checking accounts; equations to solve business problems; percents and their applications in business; invoices, trade, and cash discounts; markup and markdown; and payroll.

BUSI 90B

Analyze and solve business arithmetical problems that include interest on loans and annuities, simple and compound interest, present value, and promissory notes, mortgages for purchases of assets, consumer loans, and business credit.

BUSI 90C

Analyze and solve business arithmetical problems that include financial statements and ratios; depreciation rates on assets; inventory and overhead costs; sales, excise, and property taxes; insurance for life, fire, and auto; investments, that include stocks, bonds, and mutual funds; and business statistics and data presentation.

STUDENT LEARNING OUTCOMES

Business Math is a flexible format course offered in the Business Skills Center (BSC), in Room 1436 at the main Napa Valley College campus. Although you will be working independently on your chapters each week, the BSC staff is here to assist you when necessary. To stay on schedule it is recommended that you attend class for a minimum of three (3) hours weekly.

The course content will be delivered through several delivery methods:

• Connect/Learn Smart online software

• Electronic, Voiced-over PowerPoint Chapter Presentations

• PowerPoint Chapter Presentations without Sound

Delivery Methods:

To achieve the course objectives, you will use the textbook. Your grade will be based upon the completion of all tests.

Assessments:

You will be working independently on your chapters each week. We will be here to assist you when you have questions.

Flexible Scheduling:

Your grade will be based upon the completion of the chapter tests that apply the knowledge of comprehensive business mathematics skills.

All chapter tests for each part must be completed to earn 1 unit. These tests will account for 100% of your grade. All test scores will be averaged to determine your semester grade. Once you have completed all of the tests for your unit, you may choose to retake one chapter test to better your grade. The retake test is not the same test as the original but will be similar to the original test. The original test score will be changed to the new test score. Keep in mind—your new test score will take the place of the original score, even if the retake score is lower the retake score will be used to calculate your grade. So, be sure to study.

The following grading scale will be used to establish the semester grade:

90-100A

80-89B

70-79C

60-69D

0-59F

Chapter Tests

When you are ready to test, take your folder, note card, and calculator to the staff desk. Cellular telephones and their calculators may not be used during the test. Notify the staff person that you are ready to test.

You may use a 3” x 5” index card “cheat sheet” during the test. The card can contain any notes you wish to have with you during the test. You may use only one side of the card and the notes are to be handwritten. No computer-printed, photocopied, or “reduced” information will be allowed. Your card will be checked before you take the test and it will be turned in with your test. The Chapter Organizer and Study Guide at the back of each chapter is a good resource tool to compile notes for your index card.

Prepare to spend at least an hour to take each test. The tests are not timed, you can take as much time as you wish to finish the test; so allow enough time to not feel rushed and to be able to “double-check” your answers. Once you begin a test, it must be finished before you leave (or we close). If for some reason you must leave before your test is completed, the test will be graded and any unanswered questions will be marked incorrect.

When you are finished, bring your test, scratch paper (whether blank or not), and note card to a staff person. Make sure your name is checked off the testing log. Your test score will be recorded in your folder. If you would like to review the graded test, you may review it with the instructor.

Portable music players, cellular telephones, or text message devices are not allowed during testing.

Testing Procedures

Complete chapter test

Work in the Textbook

A textbook is required for this class. You may either purchase a paper copy or an e-book. You are required to read the assigned chapters, study the examples, and do the End-of-ChapterDrill and Word Problems. Answers to the odd problems are shown in Appendix C. You are not required to complete the Challenge Problems. As a final review, complete the Summary Practice Test at the end of each chapter.

Work in Connect/Learn Smart

Connect is an online component of learning Business Math. This component is not required but will be a big help in your being successful. If you purchase the book through the Napa Valley College, Barnes and Noble bookstore, you will receive an access code with the book. The website is connect.mheducation.com. All assigned chapters and problems are on the site for additional practice.

Lesson Procedures

For additional practice, you may go to the textbook Website at http://www.mhhe.com/slater11e

Please make every effort to stay on schedule. This class is very difficult to “catch up.” Follow the “Are you on Schedule” to ensure that you stay on track each week. You should plan to spend a minimum of 3 hours each week per unit preparing for this class. You will not be tested on Chapters 1, 2, or 3. However, you should review those concepts before you begin the course.