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MAT 111 – 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

Mathematical Problems Using Electronic Calculators (not to Include the touch method)

 

 

 

 

 

Prerequisite:

MAT 097, or entrance arithmetic score in accordance with approved DTAE admission score levels

Corequisite:

 

 

Course Guide

 

Competency

After completing this section, the student will:

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

5

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.

 

 

 

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.

 

 

 

MATHEMATICAL PROBLEMS USING ELECTRONIC CALCULATORS (not to include the touch method)

10

0

0

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.

 

 

 

 

Suggested Resources

 

Suggested Resources include textbooks shown below or most current edition.

 

Books

 

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.