The URL can be used to link to this page

Home My WebLink AboutBUS-103Bergen Community College Division of Business, Arts and Social Sciences Department of Business/Hotel Restaurant Management Departmental Policy Syllabus BUS 103: Business Mathematics Course Description BUS 103 Business Mathematics provides a background in the principles and problems related to banking, interest, depreciation, and the pricing of merchandise. Attention is also given to commercial paper, consumer credit and various taxes. Credits/Hours 3 lecture, 0 lab, 3 credits Prerequisites MAT 011 or equivalent by placement Required Textbook TEXTBOOK: Practical Business Math Procedures with Business Math Handbook, 11th Full Edition by Jeffrey Slater and Sharon M. Wittry, 2014, Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY.ISBN 978-0-07- 337754-4 (Required) Other Instructional Materials Publisher’s website: http://www.mhhe.com/slater8e provides supplemental materials and activities to accompany the textbook. The Sidney Silverman Library has extensive resources, both print and electronic, which support Business. There is also virtually unlimited relevant business information available on a variety of websites. Student Resources In addition to the resources mentioned above students should be encouraged to make full use of the Sidney Silverman Library (in person and online at http://www.bergen.edu/library/ ), the Tutoring Center (available in person room S-118 and online at http://www.bergen.edu/library/learning/tutor/ ) , the Writing Center (available in person room C-110 and online at http://www.bergen.edu/library/learning/write/ ) Student Learning Outcomes After successfully completing all course activities, the student will be able to: 1. prepare all documents relating to checking accounts including merchant credit card transactions, successfully reconcile a checking account, and explain trends in online banking; 2. apply percentages to solve retail and wholesale sales problems including discounts, markup and markdown and identify the differences among these transactions; 3. calculate all components of a payroll and identify and describe the various types of earnings and deductions; 4. apply the various formulas for interest to solve problems involving simple and compound interest, partial payments, promissory and discounted notes, present/future value, annuities and sinking funds, installment buying and credit cards and identify and describe consumer issues regarding use of credit; 5. describe the various types of mortgage loans, use amortization schedules and calculate the various components of a mortgage payment; 6. read, analyze and interpret a balance sheet and income statement, explain and calculate key financial ratios, and explain and calculate the key variables in inventory and depreciation; 7. explain and calculate sales, excise and property taxes; 8. explain stock, bond and mutual fund quotations, calculate dividends, bond yields, net asset value, and commissions. Means of Assessment 1. Homework 2. Projects 3. Testing Projects Project #1, page 173. Project #2 , page 237 Project #3, page 342 Course Content Each topic is expected to be covered in approximately 3 hours of instructional time. 1. Banking: checking accounts, credit card transactions, reconciliation 2. Percents and their applications 3. Trade and cash discounts 4. Markups and markdowns 5. Payroll 6. Simple Interest 7. Promissory notes, simple discount notes, and the discount process 8. Compound interest and present value 9. Annuities and sinking funds 10. Installment buying, rule of 78 and revolving charge credit cards 11. Mortgages (cost of home ownership) 12. reading, analyzing, and interpreting financial reports 13. Depreciation 14. Inventory and overhead 15. Sales, excise, and property taxes 16. Stocks, bonds, and mutual funds Course Activities Faculty are encouraged to use a variety of instructional techniques to encourage student learning. Research on learning shows that the straight lecture technique is not particularly effective, especially for a Math course. Lectures should focus on the basic business concepts underlying the mathematical process. Lectures should be interspersed with demonstrating the problem solving techniques, question and answer, and student problem solving. In order to meet the needs of diverse learners faculty should use transparencies and the board extensively. Students can be sent to the board to solve problems or demonstrate homework solutions. Faculty are encouraged to incorporate use of the Internet in their assignments and projects and draw on the resources of the publisher’s web site. Students have ample access to the Internet in college labs. There are many types of projects that are excellent learning activities for BUS 103 students. Some examples of projects that can be assigned to individuals or groups are: • analyze a corporation’s annual report; • compare various credit card terms and conditions; • compare financing plans for making a major purchase; • compare the net costs of various purchases based on different discounts; • explore the IRS website and explain different types of income and deductions. Writing and Critical Thinking Requirement(s): • Word Problems • Projects and Research reports as assigned by instructor • Students solving problems at white board for class BCC Attendance Policy e All students are expected to attend punctually every scheduled meeting of each course in which they are registered. Attendance and lateness policies and sanctions are to be determined by the instructor for each section of each course. These will be established in writing on the individual course outline. Attendance will be kept by the instructor for administrative and counseling purposes. Attendance Policy for this Course None Special Services Office of Special Services Special Note: • Students who require accommodations in accordance with the Americans with Disabilities Act (ADA) can request these services from the Office of Specialized Services. To learn more about how to apply for services, please visit them at: 201-612-5270 or http://www.bergen.edu/pages/676.asp. • This statement is required in all Course Outlines Course Policies There are current no department course polices for BUS 103 Final Grade Calculation Business Math Evaluation and Grading Tests 70 points Video Cases 15 points Projects 15 points TOTAL 100 points A 90+ B+ 88-89 B 80-87 C+ 78-79 C 70-77 D 60-69 F below 60 Course Calendar Note to Students: The following Course Outline and Calendar is tentative and subject to change, depending upon the progress of the class. January 21 Orientation, Chapter 4, Banking, Complete 4-1 to 4-13 January 26 Chapter 4 Homework Due Chapter 6, Percents Plus Applications, Complete set 1 in class. January 28 Chapter 6, Percents Plus Applications, Complete sets 2, &3 word problems, even only for homework February 2 Chapter 6, Homework Due Chapter 7, Discounts Complete, 7-21 to 7-35 for homework February 4 Chapter 7, Homework Due Chapter 8, Markups and Markdowns, Complete 8-17 to 8-37 for homework Start working on Project #1, page 173. February 9 Chapter 8, Homework Due, Review for Test Chapter 9, Payroll, Complete 9-21 to 9-312 for homework February 11 Test 1, Chapters 4, 6,7, 8 February 16 Chapter 9 Homework Due Chapter 10 Simple Interest, Complete 10-14 to 10-23 February 18 Chapter 10 Homework due, Chapter 11 Discounting, Complete 11-8 to 11-17 February 23 Chapter 11 Homework due, Review for Test 2 Project #1 Due February 25 Test 2, Chapters 9, 10, 11 March 2 Chapter 12, Compounding and PV Complete 12-12 to 12-29 Start working on Project #2 , page 237 March 4 Chapter 13, Annuities, Complete 13-11 to 13-29 March 9 Chapter 13, Homework Due, Chapter 14, Installments, Complete 14-10 to 14-19 March 11 Chapter 14, Homework Due, Review for Test 3 March 16-21 Spring Break March 23 Test 3, Chapters 12,13,and 14 March 25 Chapter 15, Home Ownership, Complete 15-9 to 15-16 March 30 Chapter 15 Homework due, Start Chapter 16, Financial Reports, Complete 16-8 to 16-19 for Homework Project #2 Due. April 1 Chapter 16, Review Homework and Start Chapter 17, Depreciation April 6 Start working on Project #3, page 342 No Class April 8 Chapter 17, Depreciation, Complete 17-23 to 17-30 April 13 Chapter 17, Review Homework, Review for Test 4 April 15 Test 4, Chapters 15, 16, 17 Income Tax Day April 20 Chapter 18, Inventory & Overhead, Complete 18-21 to18-27 April 22 Chapter 18, Review Homework, Chapter 19, Sales and Property Taxes, Complete 19-14 to 25 April 27 Chapter 21, Stocks and Bonds, Complete 21-16 to 21-29 April 29 Chapter 21, Review Homework. Review for Test 5 Project #3 Due. May 4 Test 5, Chapters 18, 19, 21 May 6 Final Exam---Any student that missed a unit exam will complete a final exam May 11 Optional Students Conferences