Course Number: BU098
Course Title: Basic Business Math

STUDENT LEARNING OUTCOMES

General

The student will be able to develop the ability to work with whole numbers, decimals, fractions, percentages, proportions, ratios, statistics, equations, charts and graphs in the solution of business problems. This learning program will also acquaint students with some of the terminology of business and some of the ways in which they can benefit as consumers by an increased awareness of simple business mathematics.

Specific

The student will be able to:

 1. Perform the basic operations of fractions.
 2. Perform the basic operations of decimals.
 3. Writing Decimals and fractions as percents.
 4. Find and compute the base, rate, and part of percentages.
 5. Solve basic equations and applications.
 6. Identify banking services, the checking services and credit card transactions.
 7. Prepare bank reconciliation statement.
 8. Compute gross earnings, and net pay using a variety of payment methods and kinds of deductions.
 9. Solve sales and property tax problems.
10. Understand how invoices are prepared and the computation of trade and cash discounts
11. Perform calculations relating to markup based on cost, selling price, and computation of markdown.
12. Calculate the value of inventory by weighted average, LIFO, or FIFO
13. Understand how altering principal, rate, and time affect the simple interest on an mount.
14. Apply the concept of value changing over time in a simple interest note to calculate maturity value and /or present value.
15. Understand how compound interest differs from simple interest, and calculate the compound amount given the various rates and
     compounding periods.
16. Calculate and compare various methods of depreciation.
17. Interpret data using mean, median, mode, index numbers, graphs, and standard deviation.