Marion Technical College
Articulation Application for Secondary Courses
2012 – 2014
This area to be completed by student and submitted to appropriate high school instructor:
Student’s Name: ..........................................................................................
Social Security Number: ...............................................................................
High School/Career Center: .........................................................................
Date of Graduation: .....................................................................................
MTC Course: BUS 1100
Title: Business Mathematics
Hours: 3 credit
Description: This course presents mathematical concepts that are necessary for a successful career in today's business environment. These concepts
include equations and formulas, mathematics of buying, markup, markdown, break even analysis, simple interest, notes and bank discounts, compound
interest, business and consumer loans, home loans, ordinary annuities, and basic statistical concepts. Upon successful completion of this course, the
student should be able to understand and apply business math concepts to business practices and be able to use basic algebra to solve business
problems.
In order to be considered for articulation, the named student has performed eighty percent (80%) of the following identified competencies:
Course Competencies
Check if
Check if
proficient
proficient
□ Convert decimals to percents, percents to decimals, and
□ Calculate the proper interest credits under the U.S. Rule.
fractions to percents.
□ Calculate bank discount and proceeds for simple discount notes.
□ Round percents to the identified digit.
□ Calculate the interest, maturity value, proceeds, and effective rate
□ Convert percents to fractions.
of a simple interest note with a simple discount note.
□ Solve equations for one or two unknown variables using basic
□ Calculate the effective rate for a Treasury bill.
algebra concepts.
□ Calculate the maturity value, bank discount, and proceeds of
□ Calculate the rate of percent increases and decreases.
discounting an interest-bearing note before maturity.
□ Calculate single trade discounts with formulas and
□ Calculate the compound amount and interest using Excel
complements.
□ Compute the effective rate (APY).
□ Find list price when net price and trade discount rates are
□ Compute the present value using Excel
known.
□ Calculate the future value of an ordinary annuity and an annuity
□ Calculate chain discounts with the net price equivalent rate
due using Excel’s FV function
and single equivalent discount rate.
□ Calculate the present value of an ordinary annuity by table
□ Calculate outstanding balance for partial payments.
lookup.
□ Calculate dollar markup, percent markup, and selling price
□ Calculate the amount financed, finance charge, and deferred
based on both selling price and costing systems.
payment.
□ Convert from percent markup on selling price to percent
□ Calculate the monthly loan payments using Excel
markup on cost and vice versa.
□ Calculate the finance charges on revolving charge credit card
□ Calculate markdowns.
accounts.
□ Price perishable items to cover spoilage loss.
□ Calculate the total cost of interest over the life of a mortgage.
□ Calculate simple interest and maturity value for months and
□ Prepare an amortization schedule using Excel
years.
□ Calculate basic descriptive statistics using Excel
□ Calculate simple interest and maturity value by exact interest
□ Perform a break-even analysis
and ordinary interest.
□ Interpret real-world situations related to markups, annuities,
□ Calculate the unknown using the interest formula when the
loans, effective interest rates, and so forth, and design solutions
other two (Principal, rate, or time) are given.
using Excel.
□ Create and interpret basic charts
I certify that the student listed above reached at least 80% proficiency in the above competencies as a junior or senior. I also certify that the
student achieved at least a “B” average in the high school course(s) in which the above competencies were taught.
Instructor (Print Name): ...............................................................................
Instructor Signature: ....................................................................................
Date: ............................................................................................................
High School Course(s): ................................................................................. High School Phone: ......................................................................................

No more than fourteen (14) credit hours may be articulated.

To claim MTC articulation college credit, this form must be mailed/faxed by the secondary teacher within one year of high school
graduation:
Dean of Business Technologies
Marion Technical College
1467 Mt. Vernon Avenue
Marion, Ohio 43302
______________________________
______________
MTC Instructor Approval Signature
Voice: 740-389-4636 Fax: 740-725-4076
__________
_
_____________________________
Date
Dean Approval Signature
Date