BUS 112 - Business Mathematics

Credits: 5
LEC hours per week: 5
Develops competency in common business calculations for use in financial decision-making including: percentages, trade and cash discounts, pricing, simple and compound interest, discounting, annuities, and sinking funds. Formerly: BA 112.
Course Outcomes:

Use computations and critical thinking skills to solve word problems related to common business and personal situations.
Evaluate business performance using calculated rate of percent increases and decreases of various factors.
Solve problems related to trade and cash discounts and understand how these discounts affect business decisions, costs, and cash flow strategies.
Calculate figures involved in simple interest and simple discount applications.
Perform calculations dealing with the borrowing or lending of monies.

Course Topics:

Basic Math Skills
Formula Development for Excel
Percentages
Trade and Cash Discounts
Markups and Markdowns
Simple Interest
Discount
Compound Interest
Annuities and Sinking Funds

Course Attribute(s): PT Computation/Mathematics