MATH 105 - Business Math

Course Description

This course stresses practical applications of arithmetic and mathematical concepts appropriate to the various occupational programs in business. Upon successful completion of this course, students should be able to: Balance a checkbook and reconcile a bank statement. Apply the base, rate, portion formula in solving business problems. Calculate trade and cash discounts on a bill or invoice. Re-price merchandise by markup and markdown formulas. Calculate gross and net payroll figures. Use the simple and compound interest formulas in banking decisions. Read and interpret a simplified balance sheet and income statement. Create four types of depreciation schedules. Calculate two methods for valuing inventory control. Compute local sales and property taxes for an individual. Use a monthly payments, annuity and sinking-fund table. Calculate the yield in percents on stocks and bonds. Calculate reimbursement amount on a fire insurance claim. Convert metric and U. S. measurements. Determine three types of "averages" (or determine mean, median and mode).

Credit Hours: 3
Lecture Hours: 3

Course Prerequisites: MAT 040 or equiv.