Development of an understanding of and skill in using arithmetic calculations in business-oriented problems.
Course Rotation for Day Program:
Most current editions of the following:
Many suitable textbooks are available from various publishers. Most are written for a one-semester course, and the text chosen should be of that type.
By Cleaves, Cheryl and Margie Hobbs (Prentice Hall) Recommended
By Miller, Charles D., Stanley A. Salzman and Gary Clendenen (Addison Wesley) Recommended
Practical Business Math Procedures
By Slater, Jeffrey (Irwin) Recommended
* Compute answers and understand the concepts in the following areas of basic business math: basic math skills, reconciliation of bank statements, payroll, percentage, discounts, commission sales, markup/selling, markdown, inventory turnover, depreciation, simple interest, promissory notes, compound interest, annuities and sinking funds, installment buying and credit card purchases, financial reports, insurance, stocks and bonds.
Whole numbers and fractions
Checking accounts & bank reconciliation
Solving for the unknown
Life, fire, and auto insurance
Stocks and bonds
The cost of home ownership
Discounts: trade and cash
Markups and markdowns
Promissory notes, simple discount notes, and discounting notes
Compound interest and present value
Annuities and sinking funds
Installment buying and revolving charge/credit card accounts
Recommended maximum class size for this course: 30
NOTE: The intention of this master course syllabus is to provide an outline of the contents of this course, as specified by
the faculty of Columbia College, regardless of who teaches the course, when it is taught, or where it is taught. Faculty members teaching this
course for Columbia College are expected to facilitate learning pursuant to the course objectives and cover the subjects listed in the topical
outline. However, instructors are also encouraged to cover additional topics of interest so long as those topics are relevant to the course's
subject. The master syllabus is, therefore, prescriptive in nature but also allows for a diversity of individual approaches to course material.