PRACTICAL BUSINESS MATH APPLICATIONS - BUS 123
COURSE LEARNING OUTCOMES (CLOs)
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Add, subtract, multiply and divide whole numbers and decimals; check and estimate
computations, and round numbers to indicated positions.
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Add, subtract, multiply and divide like, unlike, and proper fractions and mixed numbers.
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Convert between decimal fractions, proper fractions, mixed numbers, decimals and
percentages.
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Define and state the purpose of signature cards, checks, deposit slips, check registers and
endorsements.
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Explain trends in the banking industry to include pros and cons to online banking.
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Convert decimals to percent's, percent's to decimals, and fractions to percent's.
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Calculate the rate of percent increases and decreases.
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Compare simple interest with compound interest.
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Calculate compound interest rates.
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Accurately evaluate information on the basis of its currency and relevancy by computing and
comparing present value and compound interest.
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Calculate monthly payments based on interest, rates and time.
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List and explain the basic procedures and rules used to solve equations for the unknown.
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Calculate single trade discounts with formulas and complements.
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List and explain typical discount periods and credit periods that a business may offer.
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Analyze information using analytical methods to calculate dollar markup and percent
markup based on cost and selling price.
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Identify and prioritize choices in comparing and contrasting the pros and cons of weekly,
biweekly, semimonthly and monthly pay periods.

Gather and use information properly and accurately by correctly computing gross pay for
piecework, differential pay schedule, straight commission with draw, variable commission
scale, and salary plus commission.

Explain and calculate federal and state unemployment taxes.
COURSE OUTLINE
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Whole Numbers: How to Dissect and Solve Word Problems
A. Reading, Writing, and Rounding Whole Numbers
B. Adding and Subtracting Whole Numbers
C. Multiplying and Dividing Whole Numbers
Fractions
A. Types of fractions and Conversion Procedures
B. Adding and Subtracting Fractions
C. Multiplying and Dividing Fractions
Decimals
A. Rounding Decimals; Fraction and Decimal Conversions
B. Adding, Subtracting, Multiplying, and Dividing Decimals
Solving the Unknown: A How to Approach to Solving Equations
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A. Solving equations for the Unknown
B. Solving Word Problems for the Unknown
Banking
A. The Checking Account
B. Bank Statements and Reconciliation Process; Trends in Online Banking
Percents and Their Applications
A. Conversions
B. Application of Percents-Portion Formula
Budgeting
A. Assess income versus expenses
B. Determine positive versus negative balances and balancing strategies
Discounts: Trade and Cash
A. Trade Discounts-Single and Chain (Includes Discussion of Freight)
B. Cash Discounts, Credit Terms, and Partial Payments
Markups and Markdowns: Perishables and Breakeven Analysis
A. Markups Based on Cost
B. Markups Based on Selling Price
C. Markdowns
Payroll
A. Calculating Various Types of Employees’ Gross Pay
B. Computing Payroll Deductions for Employees’ Pay; Employers’ Responsibilities
Simple Interest
A. Calculation of Simple Interest and Maturity Value
B. Finding Unknown in Simple Interest Formula
C. U.S. Rule-Making Partial Note Payment before Due Date
Compound Interest and Present Value
A. Compound Interest (Future Value)-The Big Picture
B. Present Value-The Big Picture