BUS 110 - Mathematics for Business and Finance

3 Credit Hours

This course is an introduction to mathematics used in business and finance. Students will review and apply mathematical operations with whole numbers, decimals, fractions and ratios. The main topics include: calculating percent (base, rate, and portion) and percent increase or decrease, calculating trade and cash discounts, markup based on cost, markup based on selling price, markdowns, operating loss, absolute loss, using two methods for valuing inventory control, computing gross pay based on hourly wages and commission, net payroll figures, calculating federal, state and income taxes to determine net pay, computing local sales and property taxes, measurement of interest, time value of money, annuities, amortization and sinking funds, bonds, net present value, yield rates, maturity value of a simple interest note, bank discount on a note, effective annual percentage rate of a note and payoff amount of a note.

A financial calculator (BA II Plus or BA II Plus Professional preferred) is required for this course.

Prerequisite(s): Appropriate score on math placement test or MAT 030 - Algebra I , or MAT 032 - Mathematical Literacy

Semesters Offered: All

This course satisfies the core competency for

Quantitative Reasoning and Critical Analysis.