CH 5: Trade and cash discount

PFC 604- Attachment 2
SCHEME OF WORK
TWINTECH
COLLEGE SARAWAK
PROGRAMME: UTM
GROUP: MT1
SUBJECT: BUSINESS MATHEMATICS
CODE: DDG 1113
WEEK
1
2
3
LEARNING OUTCOMES
LESSON CONTENT
Student will be able to:
Ice Breaking Activities
a) Understand & apply the concept of
- Review on the course structure, scheme
Arithmetic Sequence
of work and students’ questionnaire.
b) Compute & obtain the Nth term & sum
of first n terms and an arithmetic
CH: 1 ARITHMETIC & GEOMETIRC
sequence
SEQUENCE
c) Understand & apply the concept of
Geometric sequence
- Arithmetic sequence
d) Compute & obtain the Nth term & sum if - Nth term and sum of first n terms and an
a geometric sequence
arithmetic sequence
- Geometirc sequence
- Nth term and sum of first n terms of a
geometric sequence
TEACHING RESOURCES
1.
2.
3.
4.
5.
6.
Course Structure from
Master File
SOW and student
questionnaire
Masterfile
Reference book
Whiteboard
Tutorial paper
ASSESSMENT OPPORTUNITIES
1.
2.
3.
Q&A
Tutorial
Discussion
1.
2.
3.
4.
5.
Q& A
Tutorial
Discussion
Quiz
Assignment
CHINESE NEW YEAR BREAK
Student will be able to:
CH 2: SIMPLE INTEREST
a) Understand & apply the concept of
- Interest
Simple Interest
- Simple interest formula
b) Compute & obtain the simple interest, - Simple amount formula
simple amount & present Value
- Four basic concepts
c) Understand & apply the concept of
- Present value
equation of value
- Equation of value
Assignment 1
Quiz 1
1.
2.
3.
4.
5.
6.
Masterfile
Reference Book
Whiteboard
Tutorial peper
Quiz 1 paper
Assignment 1 paper
PFC 604- Attachment 2
4
Student will be able to:
a) Understand & apply the concept of
compound interest
b) Compute & obtain the compound
interest & present value
CH 3: COMPOUND INTEREST
- Time value of money
- Compound interest
- Some important terms
- Compound interest formula
- Effective, nominal and equivalent rates
1.
2.
3.
4.
Masterfile
Reference book
Whiteboard
Tutorial Paper
1.
2.
3.
Q&A
Tutorial
Discussion
5
Student will be able to:
a) Understand the relationship between
rates
b) Understand & apply the concept of
effective, nominal & equivalent rates
c) Understand & apply the concept of
equation of value & continuous
compounding. .
CH 3: COMPOUND INTEREST
- Relationship between effective and
nominal rates
- Present value
- Equation of value
- Continuous compounding
1.
2.
3.
4.
5.
Masterfile
Reference book
Whiteboard
Tutorial Paper
Test 1 paper and answer
sheet
1.
2.
3.
4.
Q&A
Tutorial
Discussion
Test
Test 1 in progress
6
Student will be able to:
CH 4: ANNUITY
a) Understand & apply the concept of
- Future value of ordinary annuity certain
future value of ordinary certain &
Present Value of ordinary annuity certain
present value if ordinary annuity certain
1.
2.
3.
4.
Masterfile
Reference book
Whiteboard
Tutorial Paper
1.
2.
3.
Q&A
Tutorial
Discussion
7
Student will be able to:
a) Compute & solve for R, n & I
b) Construct an Amortization Schedule
c) Understand & apply the concept of
sinking fund
d) Compute & obtain annuity with
continuous compounding
1.
2.
3.
4.
5.
Masterfile
Reference book
Whiteboard
Tutorial 2 Paper
Assignment 2 paper
1.
2.
3.
4.
5.
Q&A
Tutorial
Discussion
Quiz
Assignment
1.
2.
3.
Q&A
Tutorial
Discussion
CH 4: ANNUITY
- Solving for R, n and I
- Amortization schedule
- Skinking fund
- Annuity with continuous compounding
Assignment 2
Quiz 2
8
9
MID SEMESTER BEARK
Student will be able to:
a) Understand & apply the concept of
trade discount & chain discount
b) Compute & obtain the trade discount,
chain discount, net price & list price
CH 5: TRADE AND CASH DISCOUNT
- Trade discount
- Chain discount
1.
2.
3.
4.
Masterfile
Reference book
Whiteboard
Tutorial paper
PFC 604- Attachment 2
10
Student will be able to:
CH 5: TRADE AND CASH DISCOUNT
a) Compute & obtain the Single discount - Discussion on test 1 answer
equivalent
- Single discount equivalent
b) Understand & apply the concept of
- Cash discount
cash discount & partial payment invoice - Partial payment invoice
1.
2.
3.
4.
5.
Masterfile
Reference book
White board
Tutorial paper
Test 2 paper and answer
sheet
1.
2.
3.
4.
Q&A
Tutorial
Discussion
Test
1.
2.
3.
4.
Masterfile
Reference book
Whiteboard
Tutorial paper
1.
2.
3.
Q&A
Tutorial
Discussion
Test 2 in progress
11
Student will be able to:
a) Understand & apply the concept of
Markup and Markdown
b) Compute & obtain the markup percent,
profit & loss
c) Solve the convertion of markup percent
12
Student will be able to:
CH 7: PROMISSORY NOTE
a) Understand the features of promissory - Promissory Notes
notes
- Bank discount
b) Compute & obtain the bank discount
Quiz 3
1.
2.
3.
4.
5.
Masterfile
Reference book
Whiteboard
Tutorial paper
Quiz 3 paper
1.
2.
3.
4.
Q&A
Tutorial
Discussion
Quiz
13
Student will be able to:
a) Understand & apply the concept of
installment purchase, interest charge
based on original balance & interest
charge based in reducing balance.
1.
2.
3.
4.
5.
Masterfile
Reference book
Whiteboard
Tutorial paper
Test 3 Paper and answer
sheet
1.
2.
3.
4.
Q& A
Tutorial
Discussion
Test
1.
2.
3.
4.
Masterfile
Reference book
Whiteboard
Tutorial Paper
1.
2.
3.
Q&A
Tutorial
Discussion
CH 6: MARKUP AND MARKDOWN
- Markup
- Markup percent
- Convetion of markup percent
- Markdown
- Profit and loss
CH 8: INSTALLMENT PURCHASE
- Installment purchase
- Interest charge based on original balance
- Interest charge based on reducing
balance
- Unequal installment payment and
repayment schedules
- Rules 78 in Hire Purchase Act (1967)
Test 3 in progress
14
Student will be able to:
CH 8: INSTALLMENT PURCHASE
a) Construct the repayment schedules
- Unequal installment payment and
repayment schedules
b) Compute & obtain unequal installment
- Rules 78 in Hire Purchase Act (1967)
payment
c) Understand the concept of Rule of 78
PFC 604- Attachment 2
15
16
Student will be able to:
a) Understand the meaning of depreciation
b) Explain the difference in the various
depreciation method
c) Compute annual depreciation,
accumulated depreciation and book value
d) Construct a depreciation schedule
CH 9: DEPRECIATION
- Straight Line Method
- Declining balance method
- Sum of years digits method
Prepare for the final examination
- Revision Week
17-18
Prepared By:
Leong Choi Meng
Date:
22/12/2008
Quiz 4
Final Examination
Reviewed By HOA:
Date:
1.
2.
3.
4.
5.
Masterfile
Reference book
Whiteboard
Tutorial Paper
Quiz 4 paper
1.
2.
3.
4.
Q&A
Tutorial
Discussion
Quiz
1.
Exercise from reference
book and past year paper
1.
1.
2.
Q&A
Peer to peer learning
Creative problem solving
Approved By AM:
Date: