Course Description:

Applies mathematical operations to business process and problems such as sales and property taxes, checkbook records and bank reconciliation, depreciation, overhead, distribution of corporate dividends, commercial discounts, markup, markdown, simple interest, present values, bank discount notes, multiple payment plans, compound interest, annuities, sinking funds and amortization. Lecture 3 hours per week.

General Course Purpose:

This course is designed as a semester course to provide instruction in the practical application of mathematical concepts and techniques to business related problems. Specific areas include (1) maintenance of checkbook records and periodic bank statement reconciliation, (2) computation of ordinary and exact interest on promissory notes, (3) determination of present value of simple interest notes, (4) discounting of simple interest and bank discount notes, (5) computation of depreciation of business assets, (6) comparison and selection of commercial discounts (7) determination of markup and markdown of merchandise, (8) common methods of distribution of profit/loss in partnerships, (9) distribution of corporate dividends, (10) recognition and understanding of problems involving compound interest, present value at compound interest, sinking funds, amortization, and annuities, and (11) various applications of multiple payment plans.

Syllabus Business 125 (001W) Fall 2008