CASPER COLLEGE COURSE SYLLABUS
BUSINESS MATHEMATICS I
Semester/Year: Fall 2006
Lecture Hours: 2
Lab Hours: 2
Credit Hours: 3
Class Time: 11:00-11:50 a.m.
Days: M-TH
Room: BU 124
Office Phone: 268-2267
Office Hours: 8:20-8:50 M-F
10-10:50 T-TH
12-12:50 M-TH
Instructor’s Name: Mary Kofakis
Office: BU404C
FALL 2006
COURSE DESCRIPTION
Designed to review basic mathematics skills and build a proficiency in the operation of electronic
calculators. These skills are applied to practical business problems in bank services, payroll, taxes,
risk management, mark-up, discount, depreciation, financial analysis, simple and compound interest.
STATEMENT OF PREREQUISITES
DVST 0920 or Algebra Domain 40-65.
GOALS
1. Mastery of basic math skills applied to practical business problems.
2. Mastery of the electronic calculator.
CHAPTER OUTCOMES
Chapter Outcomes are listed with each chapter.
METHODOLOGY
The instructor will review each chapter in lecture. The student is expected to use a variety of
approaches to problem solving and to learn as much as possible on their own. Answers to odd
numbered problems are provided in the text. The student should repeat problems with incorrect
answers. If you do not arrive at the correct solution, consult with your instructor. The exact timetable
of the course may vary slightly. The instructor reserves the right to make changes.
TESTS
Following each chapter there is an Assessment Test, this will be reviewed in class before the test. A
chapter test will be given approximately once a week. You may not leave the testing area once you
have begun a test. You may leave after you have turned in the test.
SPEED DEVELOPMENT
Following the first chapter test, the class will begin taking three three-minute timings daily. Tapes
with scores of 100 digits per minute should be handed in to be recorded. When higher scores are
attained, tapes should be handed in and the highest score achieved will be included as a test grade.
When you achieve 130 digits per minute, you should continue taking timings to improve your skill.
GRADING
The final grade will be determined by averaging the 16 chapter test grades (100 points each), the speed
grade (100 points), and the final test grade (300 points). The grading scale is as follows:
100 - 93 = A
92 - 85 = B
84 - 75 = C
74 - 70 = D
69 - 0 = F
REQUIRED TEXTS AND MATERIALS
Contemporary Mathematics for Business and Consumers – 4th Edition, Robert A. Brechner
LAST DATE TO CHANGE TO AUDIT STATUS
Changes from credit to audit status may be made at any time up to the deadline for withdrawal, which
is Friday, November 4, 2006, with official permission from the instructor for this course.
LAST DATE TO CHANGE TO A “W” GRADE
Deadline for withdrawal for this course is Friday, November 3, 2006
STUDENT’S RIGHTS AND RESPONSIBILITIES
Please refer to the Casper College Student Conduct and Judicial Code for information concerning your
rights and responsibilities as a Casper College Student
CHAIN OF COMMAND
If you have any problems with this class, you should first contact the instructor in order to solve the
problem. If you are not satisfied with the solution offered by the instructor, you should then take your
problem through the appropriate chain of command starting with the department head, then the
division chair, and lastly the vice president for academic affairs.
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ACADEMIC DISHONESTY
Cheating and Plagiarism: Casper College demands intellectual honesty. Proven plagiarism or any
form of dishonesty associated with the academic process can result in the offender failing the course in
which the offense was committed or expulsion from school. See the Casper College Student Code of
Conduct.
AMERICANS WITH DISABILITIES
It is the policy of Casper College to provide appropriate accommodations to any student with a
documented disability. If you have a need for accommodation in this course, please make an
appointment to see me at your earliest convenience.
HINTS FOR SUCCESS
1.
The calculators you use in class use arithmetic logic. You do not need to study the
algebraic method unless you have a pocket calculator you use at home.
2.
Follow instructions step by step. Don’t skip any steps. Always repeat machine solutions
to be certain of correct machine input. If your answers don’t agree, check your tape to see if
you’ve entered an incorrect number. If that is not the problem, compare your tape with the
steps. Repeat problem.
3.
When you turn in your test be sure to also turn in your tape with the problems numbered on the
tape. Turn in your work sheets, if used, with the problems numbered also. Your instructor will
use these papers to review incorrect answers with you to determine what was wrong with your
solution.
4.
Pay close attention to instructions on rounding. Otherwise, your answer may be a few cents
off. Carry all decimals to as many places as your machine will carry and round to the number
you wish only after all processes have been completed.
5.
Check decimal places. Does it make sense? Ninety percent of incorrect answers are due to a
misplaced decimal.
DON’T HESITATE TO ASK QUESTIONS WHENEVER YOU NEED HELP!
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SCORES
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
Chapter 11
Chapter 13
Chapter 17
Chapter 18
Timing
Final
Total
/100
/100
/100
/100
/100
/100
/100
/100
/100
/100
/100
/100
/100
/100
/300
/1700
The time and content schedule on this syllabus may vary!
SCHEDULE
ORIENTATION - First day
Chapter 1
I.
II.
III.
WHOLE NUMBERS (8/28-8/30)
Specific Outcomes
Chapter 1 Write whole numbers; and round whole numbers to a specific value.
Chapter 1 Develop speed and accuracy adding and subtracting whole numbers.
Chapter 1 Develop speed and accuracy dividing and multiplying whole numbers.
Chapter 1 Dissect and solve a word problem.
Assignment – read pages 2-5, 7-10, 15-20.
Problems pages 6-7, 11-14, 20-23.
Chapter 1 Chapter 1 Assessment Test pages 27-30. (in class)
Chapter 1 Test
LABOR DAY HOLIDAY – MONDAY, SEPTEMBER 4, 2005
Chapter 2
I.
FRACTIONS (8/31-9/7)
Specific Outcomes
A.
Distinguish between the various types of fractions.
B.
Convert improper fractions to whole or mixed numbers.
C.
Perform the arithmetic operation of addition, subtraction,
multiplication, and division of fractions.
D.
Identify the variables and solve for the unknown quantity in word problems.
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II.
III.
Chapter 3
II.
III.
Chapter 4
I.
II.
III.
Chapter 6
. I.
.
II.
III.
Assignment - read pages 34-40, 42-48, 51-55.
Problems pages 40-42, 48-51, 56-58.
Chapter 2 Assessment Test- pages 64-67. (in class)
Chapter 2 Test
DECIMALS (9/11-9/14)
I.
Specific Outcomes
A.
Explain the relationship of place values and round decimals to indicated
position.
B.
Convert decimal numbers into fractions.
C.
Convert fractions to decimals.
D.
Perform the arithmetic procedure of adding, subtracting, multiplying, and
dividing decimals.
E.
Multiply and divide decimals by shortcut methods.
Assignment - read pages 70-74, 75-79, 85-86.
Problems pages 74-75, 79-84, 87-88.
Chapter 3 Assessment Test -pages 92-95. (in class)
Chapter 3 Test
CHECKING ACCOUNTS (9/18-9/21)
Specific Outcomes
A.
Use the various checking account forms.
B.
Write checks in proper form.
C.
Endorse checks using blank, restrictive, and full endorsements.
D.
Prepare deposits slips in proper form.
E.
Use check stubs or checkbook registers to record account transactions.
F.
Interpret the bank statement and prepare a reconciliation.
Assignment - read pages 97-108, 112-116.
Problems pages 108-111, 118-120.
Chapter 4 Assessment Test pages 126-129. (in class)
Chapter 4 Test
PERCENTS AND THEIR APPLICATIONS IN BUSINESS (9/25-9/27)
Specific Outcomes
A.
Convert decimals to percents; percent to decimals; fractions to percents; and
percents to fractions.
B.
Solve for the unknown using (Base, Rate or Portion).
C.
Solve for the amount increase or decrease.
Assignments - read pages 167-171, 173-179, 184-190.
Problems 171-172, 179-183,190-192.
Chapter 6 Assessment Test pages 197-200. (in class)
Chapter 6 Test
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Chapter 7
I.
II.
III.
Chapter 8
I.
II.
III.
III.
INVOICES, TRADE AND CASH DISCOUNTS (9/28-10/5)
Specific Outcomes
A.
Extend and total an invoice.
B.
Calculate the amount of a single trade discount.
C.
Calculate the net price using the net price factor, complement method.
D.
Calculate trade discount rate when list price and net price are known.
E.
Calculate net price and trade discount amount using a series of trade
discounts.
F.
Calculate the amount of trade discount using a single equivalent discount.
G.
Calculate the outstanding balance for partial payments.
H.
Calculate cash discounts and the net amount due.
Assignments - read pages 203-209, 211-214, 217-220, 224-231.
Problems pages 209-210, 214-216, 220-223, 232-234.
Chapter 7 Assessment Test pages 240-243. (in class)
Chapter 7 Test
MARKUP AND MARKDOWN (10/9-10/19)
Specific Outcomes
A.
Calculate the cost given the selling price and markup.
B.
Determine the rate of markup on the selling price given the same problem.
C.
Determine the rate of markup on the cost given the same
D.
Calculate the selling price given the cost and markup.
E.
Given a problem involving original selling price and markdown price, you
will be able to calculate the markdown in dollars and the markdown rate.
F.
Compute the final selling price after a series of markups and markdowns.
G.
Price perishable items to cover spoilage loss.
Assignments - read pages 245-250, 253-257, 260-264.
Problems pages 250-252, 257-259, 265-267.
Chapter 8 Assessment Test page 273-276. (in class)
Chapter 8 Test
FALL BREAK- MONDAY AND TUESDAY OCTOBER 23 & 24
Chapter 9
I.
PAYROLL (10/25-10/31)
Specific Outcomes
A.
Identify the terms used in payroll and payroll taxes
B.
Calculate gross pay by hourly wages including regular and overtime rates.
C.
Calculate gross pay for piece work, differential pay scales, straight
commission, and salary plus commission.
D.
Compute payroll FICA deductions for employee’s pay using wage
bracket and percentage method.
E.
Compute FICA taxes for employers and self-employed.
F.
Compute FUTA and SUTA taxes.
G.
Computing fringe benefits.
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II.
III.
Chapter 10
I.
II.
III.
Chapter 11
I.
II.
III.
H.
Complete Internal Revenue Service payroll forms.
Assignments - read pages 280-286, 289-296, 299-306.
Problems pages 286-288, 297-298, 307-309.
Chapter 9 Assessment Test page 315-319 (in class)
Chapter 9 Test
SIMPLE INTEREST AND PROMISSORY NOTES (11/1-11/9)
Specific Outcomes
A.
Calculate simple interest for months and years.
B.
Calculate exact and ordinary interest.
C.
Calculate maturity value, number of days, and the maturity date of a note.
D.
Calculate the unknown when two values are given (principal, rate, or
time).
E.
Calculate loans involving partial payments before maturity.
F.
Calculate bank discount and proceeds for a simple discount note.
G.
Calculate true or effective rate of interest for a simple discount rate.
H.
Discount notes before maturity
Assignments - read pages 322-329, 331-337, 339-344.
Problems pages 329-331, 337-339, 344-346.
Chapter 10 Assessment Test page 352-356 (in class)
Chapter 10 Test
COMPOUND INTEREST AND PRESENT VALUE (11/13-11/16)
Specific Outcomes
A.
Calculate compound interest manually and with a table
B.
Create compound interest table factors for periods beyond the table.
C.
Calculate actual or effective interest rate.
D.
Calculate the present value of a future amount using a present value table.
E.
Create present value table factors for periods beyond the table.
Assignments - read pages 358-368, 371-375
Problems pages 368-370, 376-377.
Chapter 11 Assessment Test page 381-384. (in class)
Chapter 11 Test
ADVISING DAY, FRIDAY, NOVEMBER 17, 2006
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Chapter 13
I.
II.
III.
CONSUMER AND BUSINESS CREDIT (11/20-11/30)
Specific Outcomes
A. Calculate finance charge and new balance by the unpaid or previous month’s
balance.
B. Calculate finance charge and new balance using the average daily balance method.
C. Calculate the total deferred payment price and the amount of the finance charge of
an installment loan.
D. Calculate the amount of the regular monthly payment of an installment loan by the
add-on interest method.
E. Calculate the APR using the formula and tables.
F. Calculate the finance charge and monthly payment of an installment loan using the
APR tables.
G. Calculate the finance charge rebate and the amount of the payoff using the sum- ofthe-digits methods..
Assignments - read pages 420-430, 433-445
problems pages 431-433, 446-450.
Chapter 13 Assessment Test pages 457-463. (in class)
Chapter 13 Test
THANKSGIVING HOLIDAY - NOVEMBER 23 & 24, 2006
Chapter 17
I.
II.
III.
DEPRECIATION (12/1-12/9)
Specific Outcomes
A.
Identify the terms used in depreciation.
B.
Prepare a depreciation schedule.
C.
Calculate depreciation for partial years.
D.
Given a problem involving purchase price and estimated life, you will be able to
calculate the rate of depreciation, the annual depreciation, and the book value at
the end of a specific number of years using the following methods:
1.
Straight-line
2.
Units-of-Production
3.
Sum-of-the-years digits
4.
Declining-Balance
5.
MACRS
Assignments - read pages 585-594, 597-603.
Problems pages 594-597, 603-605.
Chapter 17 Assessment Test 611-615. (in class)
Chapter 17 Test
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Chapter 18
I.
II.
III.
- TAXES (12/13-12/15)
Specific Outcomes
A.
Compute sales tax on goods sold involving trade and cash discounts and
shipping charges.
B.
To be able to calculate excise tax.
C.
Calculate tax rate necessary in a community to meet budgetary demands.
D.
Given pertinent information to be able to compute property tax due.
E.
Calculate taxable income for individuals.
F.
Use the Tax Table and the Tax Rate Schedule to determine tax liability.
G.
Calculate an individual’s tax refund or amount of tax owed.
H.
Calculate corporate income tax and net income after taxes.
Assignments - read pages 616-621, 623-628, 629-644.
Problems pages 621-623, 628-629, 644-645.
Chapter 18 Assessment Test page 653-656. (in class)
Chapter 18 Test
FINAL EXAM (12/18-12/21)
STROKES/MINUTES/GRADE
170-200 - A
150-169 - B
130-149 - C
129-110 - D
BELOW – 110 -F
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