Standard |
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).
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Competency Areas |
Hours
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Basic Mathematical Skills |
Class |
5 |
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Mathematical Skills in Business-Related Problem Solving |
D. Lab |
0 |
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Mathematical Information for Documents |
P. Lab/O.B.I. |
0 |
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Graphs |
Credit |
5 |
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Mathematical Problems Using Electronic Calculators (not to Include the touch method) |
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Prerequisite: |
MAT 097, or entrance arithmetic score in accordance with approved DTAE admission score levels |
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Corequisite: |
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Course Guide |
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Competency |
After completing this
section, the student will: |
Hours |
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Class |
D.Lab |
P.Lab/ O.B.I. |
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BASIC MATHEMATICAL SKILLS |
15 |
0 |
0 |
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Whole numbers |
Add, subtract, multiply, and divide whole numbers. |
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Fractions |
Change improper fractions to mixed numbers. |
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Calculate the least common denominator. |
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Add, subtract, multiply, and divide fractions. |
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Decimals |
Add, subtract, multiply, and divide decimal numbers. |
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Percents |
Convert among fractions, decimals, and percents. |
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Calculate percentage, base, and rate in number sentences and word problems. |
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Solve applied problems involving percents or increase and decrease. |
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MATHEMATICAL SKILLS IN BUSINESS-RELATED PROBLEM SOLVING |
15 |
0 |
0 |
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Commission |
Calculate a business commission. |
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Markup |
Calculate markup based on cost and selling price. |
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Interest |
Compute simple and compound interest. |
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MATHEMATICAL INFORMATION FOR DOCUMENTS
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5 |
0 |
0 |
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Invoices |
Calculate the extensions on an invoice using an electronic calculator. |
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Calculate sales tax on an invoice using an electronic calculator. |
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Averages |
Calculate averages for simple business documents using an electronic calculator. |
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Purchase orders |
Calculate the extension on a purchase order using an electronic calculator. |
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Calculate the sales tax on a purchase order using an electronic calculator. |
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GRAPHS
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5 |
0 |
0 |
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Mean, median, and mode |
Determine the mean, median, and mode of ungrouped and grouped data. |
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Statistical data |
Present statistical data on table, line graphs, bar graphs, and circle graphs. |
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MATHEMATICAL PROBLEMS USING ELECTRONIC CALCULATORS (not
to include the touch method) |
10 |
0 |
0 |
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Notes |
Calculate the interest due on promissory notes. |
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Loans |
Calculate single payment interest. |
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Calculate unpaid balance interest. |
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Compare cash discount and loan interest. |
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Calculate discount interest. |
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Suggested Resources |
Suggested
Resources include textbooks shown below or most current edition.
Brooks, L.
D. (1988). College business
mathematics: Comprehensive text and brief edition (2nd ed.). Eden
Prairie, MN: Paradigm MN.
Cleaves, C., et al. (1989). Business math: Practical applications
(2nd ed.). Englewood Cliffs, NJ: Prentice Hall.
Deitz, J. E., & Southam, J. L. (1988). Business mathematics for colleges
(9th ed.). Cincinnati: South-Western.
Gossage, L. C. (1986). Self-paced business mathematics (Vol.
1). Cincinnati: South-Western.
Miller, K. N. (1988). Mathematics for business: College course (6th ed.). New York: McGraw-Hill.