BUSINESS & LEADERSHIP DEPARTMENT
BA 104 COURSE SYLLABUS
WINTER TERM 2017
Instructor :
Ron Neeley
Office: M4-D
Phone: 278-5738
Email: [email protected]
Office Hours:
Monday – Thursday: 8:00 – 10:00 AM,
Noon — 1:00 PM,
Or by appointment
Course Credits
4
Required Text:
Mathematics for Business, 10th Edition, by Salzman, Clendenen and
Miller
Week
Monday
Tuesday
Wednesday
Thursday
Jan. 9 — 12
Ch. 1/2
Ch. 2
Jan. 16 — 19
Ch. 3
Ch. 3/4
Ch. 4
Exam 1
Jan. 30 – Feb. 2
Ch. 6
Ch. 6/7
Feb. 6 — 9
Ch. 7
Ch. 7/8
Feb. 13 — 16
Ch. 8
Exam 2
Feb. 20 — 23
Ch. 9
Ch. 9/10
Feb. 27 – Mar. 2
Ch. 10
Ch. 10/11
March 6 — 9
Ch. 11
Exam 3
March 13 — 16
Review for
Final Exam
Final Exam
10AM — Noon
Review for
Final Exam
Jan. 23 — 26
Finals Week
March 20 — 23
MLK Day
No Classes
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BUSINESS & LEADERSHIP DEPARTMENT
COURSE DESCRIPTION
This course is a study of problem solving, fractions, percentages, business statistics, payrolls,
taxes, risk management, trade and cash discounts, markup, markdown and inventory valuation.
COURSE OBJECTIVES
1. Students will develop an understanding of the fundamental process in the use and application
of mathematical computations, and how they apply to various business situations.
2. Students will develop and apply the technical vocabulary of Business Math.
3. Students will apply mathematical concepts to analyze and solve business math problems and
cases.
4. Students will develop a sense of responsibility for neatness and accuracy in analyzing,
performing and solving Business Math problems.
GRADING
1) Chapter exams — 3 at 150 points each
2) Final Exam (Comprehensive)
3) Homework
450 points
250 points
302 points
Total
1,002 points
COURSE GRADES
902-1,002 points
802-901 points
701-801 points
601-700 points
0-600 points
A
B
C
D
F
EXAMS
Three chapter exams and one final exam will be given during the term. The exams will cover the
following:
Exam 1: Chapters 1, 2, 3 & 4
Exam 2: Chapters 6, 7 & 8
Exam 3: Chapters 9, 10, & 11
Final: Chapters 1-11 (Excluding Chapter 5)
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BUSINESS & LEADERSHIP DEPARTMENT
MAKE-UP EXAM POLICY
Students are expected to take exams at the scheduled time unless there are extreme
circumstances that prevent the student from being present. If an exam is missed, no make-up
exam will be given. Your score for the missing exam will be the score of your final exam. If a
second exam is missed, your score for that exam will be a zero.
HOMEWORK AND QUIZZES
Homework is assigned to help you prepare for the exams. Homework is done online so you can
take advantage of the learning tools available in My-Math-Lab. Grades for homework submitted
late, will be reduced by 50%. (Homework submitted more than one week late will receive NO
CREDIT.)
EXPECTED STUDENT BEHAVIOR
Students enrolled in this course are expected to exhibit conduct considered to be acceptable in a
college setting. “Disruptive behavior” is any type of student activity that interrupts the normal
flow of information exchange in the classroom in a negative way. Examples of disruptive
behavior include: excessive talking without being recognized by the instructor, late arrival in
class, argumentative behavior that extends beyond normal classroom interchange, name calling,
profane or racist statements. Such disruptive conduct will not be tolerated because such conduct
interferes with the financial and educational investments of other students. The instructor will
request that a student leave the classroom if their behavior is deemed disruptive. Depending
upon the severity of the incident, re-admission to the class can occur only after consultation with
the instructor and/or the Vice President of Instruction.
SPECIAL SERVICES AND STUDENT ACCOMMODATIONS
Blue Mountain Community College is committed to providing inclusive learning environments.
Please notify us if there are aspects of the course that result in disability-related barriers to your
participation. For assistance with disability accommodations, please contact the Health and
Wellness Center at 541-278-5965, TDD 541-278-2174 or email [email protected].
Contact should be made 72 hours in advance of the event.
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BUSINESS & LEADERSHIP DEPARTMENT
CHEATING
Cheating in any form will not be tolerated. During examinations the following conduct is
expected:
1. Students must place all books and notes underneath their desks and test taking paper
must be removed from any notebooks. Cell phones must be turned off. (They may not
be used as a calculator.)
2. Once the exam or quiz begins, there is no talking, whispering, gesturing, or looking at
other student’s papers.
If a student is caught in the overt act of cheating, he or she will receive a failing grade on the
quiz or exam which could result in a failing grade for the course. The student will also be
referred to the appropriate deans.
SYLLABUS SUBJECT TO CHANGE
The Syllabus may change depending upon the needs of a particular class. Please verify tests and
“due dates” with the instructor.
HOMEWORK
Homework assignments are found in Canvas by clicking on the homework links in the modules.
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BUSINESS & LEADERSHIP DEPARTMENT
BA 104 BUSINESS MATHEMATICS I
OUTCOMES
2016-2017
Outcomes
PROBLEM SOLVING AND OPERATIONS WITH FUNCTIONS
Problem Solving
Identify indicator words in application problems.
List the four steps for solving application problems.
Learn to estimate answers.
Addition and Subtraction of Fractions
Recognize types of fractions.
Convert mixed numbers to improper fractions.
Write fractions in lowest terms.
Use the rules for divisibility.
Add or subtract like fractions.
Find the least common denominator.
Add unlike fractions.
Add mixed numbers.
Subtract unlike fractions.
Subtract mixed numbers.
Multiplication and Division
Multiply fractions.
Divide fractions.
Convert decimals to fractions.
Round decimals.
Convert fractions.
Know common decimal equivalents.
Solving Equations
Learn the basic terminology of equations.
Use basic rules to solve equations.
Combine like terms in equations.
Use the distributive property to simplify equations.
Applications of Equations
Translate phrases into mathematical expressions.
Write equations from given information.
Solve application problems.
Formulas
Evaluate formulas for given values of the variables.
Solve formulas for a specific variable.
Use standard business formulas to solve word problems.
Evaluate formulas containing exponents.
Ratios and Proportions
Define a ratio.
Set up a proportion.
Solve a proportion for any unknown value.
Use proportions to solve problems.
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BUSINESS & LEADERSHIP DEPARTMENT
Outcomes
PERCENT
Writing Decimals and Fractions as a Percent
Write a decimal as a percent.
Write a fraction or mixed number as a percent.
Write a percent as a decimal.
Write a percent as a fraction.
Write a fractional percent as a decimal.
Applications: Finding the Part
Identify the three elements of a percent problem.
Use the percent formula.
Apply the percent formula to a business problem.
Recognize the terms associated with base, rate, and part.
Use the basic percent equation.
Applications: Finding the Base
Use the basic percent equation to solve for base.
Find the amount of sales when taxes and rate of tax are known.
Find the amount of investment when expense and rate of expense are
known.
Find the base when rate and part are different quantities.
Applications: Finding the Rate
Use the percent equation to solve for rate.
Find the rate of return when the amount of the return and the investment
are known.
Solve for the percent remaining when the total amount and amount used
are given.
Find the percent of change.
Increase and Decrease Problems
Learn to identify an increase or a decrease problem.
Apply the basic diagram for increase problems.
Use an equation to solve for base in increase problems. Apply the basic
diagram for increase problems.
Apply the basic diagram for decrease problems.
Use an equation to solve for base in decrease problems.
BUSINESS STATISTICS
Frequency Distributions and Graphs
Construct a frequency distribution.
Make a bar graph.
Make a line graph.
Make a circle graph.
The Mean
Understand the difference between population and sample.
Find the mean of a set of data.
Find a weighted mean.
Find the mean for grouped data.
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Outcomes
The Median and the Mode
Find the median of a set of data.
Find the mode of a set of data. Find the median and the mode of data in
a frequency table.
Range and Standard Deviation
Find the range for a set of data.
Find the standard deviation.
Use the normal curve to estimate data.
BANKING SERVICES
Reconciliation
Reconcile a bank statement with the checkbook.
List outstanding checks.
Find the adjusted bank balance or current balance.
Use the T-account form of reconciliation.
PAYROLL
Gross Earnings (Wages and Salaries)
Use hourly rate to calculate gross earnings.
Find overtime earnings for over 40 hours of work per week.
Use overtime premium method of calculating gross earnings.
Find overtime earnings for over 8 hours of work per day.
Understand double time, shift-differential, and split-shift premiums.
Find equivalent earnings for different pay periods.
Find gross earnings when overtime is paid to salaried employees.
Gross Earnings (Commission)
Find gross earnings using commission rate x sales (P = R x B).
Determine commission using a variable commission rate.
Use salary and commission rate to find gross earnings.
Use a drawing account and quota to find gross earnings.
Determine override as part of gross earnings.
Gross Earnings (Piecework)
Find the gross earnings for piecework.
Find the gross earnings for differential piecework.
Determine chargebacks or dockings.
Find overtime earnings for piecework.
Social Security, Medicare, and Other Taxes
Understand FICA.
Find the maximum FICA tax paid by an employee in one year.
Understand Medicare tax.
Find FICA tax and Medicare tax.
Determine the FICA tax and the Medicare tax paid by a self-employed
person.
Find state disability insurance deductions.
Income Tax Withholding
Understand the Employee’s Withholding Allowance Certificate (Form W4).
Find the federal withholding tax using the wage bracket method.
Find the federal tax using the percentage method.
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Outcomes
Income Tax Withholding cont.
Find the state withholding tax using the state income tax rate.
Find net pay when given gross wages, taxes, and other deductions.
Payroll Records and Quarterly Returns
Understand payroll records kept by employers.
Calculate employer’s matching Social Security and Medicare
contributions.
Find the quarterly amount due the Internal Revenue Service.
Find the amount of federal unemployment tax due.
TAXES
Sales Tax
Understand how sales tax is determined.
Find the amount of sales tax and the total sale.
Find the selling price when the sales tax is known.
Find the amount of the sale when the total price including tax is known.
Define excise tax.
Find the total cost including sales tax and excise tax.
Property Tax
Understand fair market value and find assessed valuation.
Use the tax rate formula.
Use the formula for property tax.
Express tax rates in percent, dollars per $100, dollars per $1000, and
mills.
Find taxes given the assessed valuation and the tax rate.
Find the assessed valuation given the tax rate and the tax.
Find the tax rate given the assessed valuation and the tax.
Personal Income Tax
Know the four steps that determine tax liability.
Identify information needed to find adjusted gross income.
Calculate adjusted gross income.
Know the standard deduction amounts.
Know the tax rates.
List possible itemized deductions to find taxable income.
Calculate income tax.
Determine a balance due or a refund from the Internal Revenue Service.
Prepare a 1040A and a Schedule 1 federal tax form.
RISK MANAGEMENT
Business Insurance
Define the terms: policy, face value, and premium.
Identify the factors that determine the premium.
Find the annual premium for fire insurance given rating and property
values.
Calculate short-term rates and cancellations.
Calculate prorated insurance premium cancellations.
Use the coinsurance formula to solve problems.
Find the insurance liability when there are multiple carriers.
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Outcomes
Find liability of multiple carriers when coinsurance requirement is not
met.
List additional risks against which a business may be insured.
Motor Vehicle Insurance
Describe the factors that affect the cost of motor vehicle insurance.
Define liability insurance and determine the premium.
Define property damage insurance and determine the premium.
Describe comprehensive and collision insurance and determine the
premium.
Define no-fault and uninsured motorist insurance.
Apply youthful-operator factors.
Calculate a motor vehicle insurance premium.
Find the amounts paid by the insurance company and the insured.
Life Insurance
List reasons for purchasing life insurance.
Define term, decreasing term, and whole-life policies.
Understand universal life, variable life, limited payment, and endowment
policies.
Find the annual premium for life insurance.
Use premium factors with different modes of premium payment.
Describe discounts, conditions, and additional coverage.
Understand non-forfeiture options.
Calculate income under various settlement options.
MATHEMATICS OF BUYING
Invoices and Trade Discounts
Complete an invoice.
Understand common shipping terms.
Identify invoice abbreviations.
Calculate net cost and trade discounts.
Differentiate between single and series discounts.
Calculate each series discount separately.
Use complements to calculate series discounts.
Use a table to find the net cost equivalent of series discounts.
Single Discount Equivalents
Express a series discount as an equivalent single discount.
Find the net cost by multiplying list price by the complements of single
discounts.
Find the list price if given the series discount and the net cost.
Determine a single trade discount rate.
Find the trade discount that must be added to match a competitor’s
price.
Cash Discounts: Ordinary Dating Method
Calculate net cost after discounts.
Use the ordinary dating method.
Determine whether cash discounts are earned.
Use postdating when calculating cash discounts.
Determine the amount due when goods are returned.
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Outcomes
Cash Discounts: Other Dating Methods
Solve cash discount problems with end-of-month dating.
Use receipt-of-goods dating to solve cash discount problems.
Use extra dating to solve cash discount problems.
Determine credit given for partial payment of an invoice.
MARKUP
Markup on Cost
Recognize the terms used in selling.
Use the basic markup formula.
Calculate markup based on cost.
Apply percent to markup problems.
Markup on Selling Price
Calculate markup based on selling price.
Solve markup problems when selling price is base.
Use the markup formula to solve variations of markup problems.
Determine percent markup on cost and the equivalent percent markup
on selling price.
Convert markup percent on cost to markup percent on selling price.
Convert markup percent on selling price to markup percent on cost.
Markup with Spoilage
Solve markup problems when items are unfit for sale.
Solve markup problems when a certain percent of items are unsaleable.
Calculate markup when a percent of the merchandise must be sold at a
reduced price.
MARKDOWN
Markdown
Calculate markdown and reduced price.
Calculate the percent of markdown.
Find the original selling price.
Identify the terms associated with loss.
Determine the break-even point and operating loss.
Determine the amount of absolute loss and the percent of absolute loss.
Find the maximum percent of markdown to be given.
Average Inventory and Inventory Turnover
Determine average inventory.
Calculate stock turnover.
Identify considerations in stock turnover.
Valuation of Inventory
Define perpetual inventory.
Understand universal product codes (UPC).
Use the specific-identification method to value inventory.
Use the weighted-average method to value inventory.
Use the FIFO method to value inventory.
Use the LIFO method to value inventory.
Use the gross-profit method to estimate inventory.
Use the retail method to estimate inventory.
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