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R State Standard £ Institutionally Developed College: N/A

MAT 1011 – Business Math

Course Description

Emphasizes mathematical concepts found in business situations. Topics include: basic mathematical skills, mathematical skills in business-related problem solving, mathematical information for documents, graphs, and mathematical problems using electronic calculators (not to include the touch method).

Competency Areas		Hours
Basic Mathematical Skills		Class	5
Mathematical Skills in Business-Related Problem Solving		D. Lab	0
Mathematical Information for Documents		P. Lab/O.B.I.	0
Graphs		Credit	5
Prerequisite:	MAT 097 or entrance arithmetic score in accordance with approved TCSG admission score levels.
Corequisite:
Course Guide

Competency	After completing this section, the student will be able to:	Hours
		Class	D.Lab	P.Lab/ O.B.I.
BASIC MATHEMATICAL SKILLS		15	0	0
Whole numbers	Add, subtract, multiply, and divide whole numbers.
Fractions	Change improper fractions to mixed numbers.
	Reduce fractions to lowest terms or raise to higher terms.
	Calculate the least common denominator.
	Add, subtract, multiply, and divide fractions.
Decimals	Add, subtract, multiply, and divide decimal numbers.
Percents	Convert among fractions, decimals, and percents.
	Calculate percentage, base, and rate in number sentences and word problems.
	Solve applied problems involving percents or increase and decrease.
MATHEMATICAL SKILLS IN BUSINESS-RELATED PROBLEM SOLVING		15	0	0
Commission	Calculate a business commission.
Markup	Calculate markup based on cost and selling price.
Interest	Compute simple and compound interest.
MATHEMATICAL INFORMATION FOR DOCUMENTS		15	0	0
Invoices	Calculate the extensions on an invoice using an electronic calculator.
	Calculate sales tax on an invoice using an electronic calculator.
Averages	Calculate averages for simple business documents using an electronic calculator.
Purchase orders	Calculate the extension on a purchase order using an electronic calculator.
	Calculate the sales tax on a purchase order using an electronic calculator.
Notes	Calculate the interest due on promissory notes.
Loans	Calculate single payment interest.
	Calculate unpaid balance interest.
	Compare cash discount and loan interest.
	Calculate discount interest.
GRAPHS		5	0	0
Mean, median, and mode	Determine the mean, median, and mode of ungrouped and grouped data.
Statistical data	Present statistical data on table, line graphs, bar graphs, and circle graphs.

Suggested Resources

Media (text/audio/ visual/www/ other)	Author	Title: Subtitle	Edition	Place of Publication	Year	Publisher/Publication	pp.
Text	Cleaves, Cheryl and Hobbs, Margie	Business Math.	8^th Ed.		(2009)	Pearson: Prentice Hall
Text	Deitz, James E. and Southam, James L.	Contemporary Business Mathematics for Colleges.	13^th Ed.		(2006)	Thomson Learning: South-western.
Text	Miller, Charles.D, Salzman, Stanley.A. and Clendenen, Gary	Business Mathematics.	11^th Ed.		(2009)	Addison-Wesley
Text	Slater, Jeffrey	Practical Business Math Procedures	8^th Ed.		(2006).	McGraw-Hill.

Posted: 06/30/08