BUS 121 Syllabus 11.5.12

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Wake Technical Community College

Business Technologies Division


Course Syllabus BUS 121 Business Math
Instructor:
Office location:
Telephone:
E-mail:
Office hours:
Class days/times/location:

Required Text/Supplies
Textbook:
Business Math, 9th Ed
Cleaves, Hobbs, Noble
Pearson Publishing Company
Textbook with MyLab (packaged together at Wake Tech bookstore)
ISBN: 0132770075
E-book Option: Mylab access card with ebook
ISBN: 0135027020
Supplies/Software
Contact the Instructor.

Course Usage of Blackboard


Copies of the course syllabus and major assignments may be found on Blackboard. You are
responsible for regularly checking the online resources, which are accessed through http://disted.waketech.edu (opens in a new window).

Course Description
This course covers fundamental mathematical operations and their application to business
problems. Topics include payroll, pricing, interest and discount, commission, taxes, and other
pertinent uses of mathematics in the field of business. Upon completion, students should be
able to apply mathematical concepts to business.

Student Learning Objectives


The purpose of this course is to introduce various basic business related mathematic concepts,
techniques and terminology which appear in various business and personal financial related
situations. Upon completion students will:
1. Solve various word problems for the unknown element.
2. Calculate interest percents and interest payment amounts in various situations.
3. Calculate simple interest and define bank related payments.
4. Describe the structure of promissory notes and calculate discount amounts and present
value.
5. Describe various types of bank accounts and perform a reconciliation of a bank
statement.
6. Define trade discounts and calculate time related payment reductions.
7. Calculate mark ups and mark downs based on sales price and based on cost.
8. Define inventory costing methods of FIFO, LIFO and Average Cost and calculate
inventory and cost of goods sold under each method.
9. Define depreciation and calculate depreciation using straight line, units of production,
declining balance and MACRS methods.
10. Define payroll based on time periods, hourly verses salary and calculate gross and net
payroll.
11. Define sales, excise and property taxes and calculate amount of tax for each category.
12. Explain the terms Stock, Bonds and Mutual Funds and calculate return on investment.

Student Learning Objectives Continued:


13. Define compound interest and calculate present value.
14. Describe Annuities and Sinking funds and calculate associated payments and present
values.
15. Describe the various types of mortgages, down payment and calculate monthly
payments.

Prerequisite(s): None
Corequisite(s): None
Credit Hours: 3
Assignments and Grading Policy
Due dates and assignments can be found on the course schedule/outline.
Due dates and assignments can be found on the course schedule/outline.
The final grade will be determined by the instructor under the following guidelines. The average
of all test/ quiz grades will comprise a minimum of 60% of the final grade. Other assignments
will comprise a maximum of 40%of the final grade. Other assignments may include any
combination of the following components: homework, research, projects, continuing problem,
and/or participation.
A = 90-100 B = 80-89 C = 70-79 D = 60-69 F = 59 or less

Final Exam Date/Time/Location (TBA)


College Policies and Campus Resources
Email Policy
Wake Tech requires that every student use the provided my.waketech.edu e-mail account for
all school related correspondence. Your instructors will not respond to e-mail from any other
source. Do not forward my.waketech.edu e-mail to other accounts. Replies sent from most
forwarded e-mail will not appear to come from your my.waketech.edu account and will not be
acknowledged by your instructor. This is a strictly enforced school policy. Please review e-mail
information carefully. If you have questions or concerns regarding your Wake Tech e-mail,
contact Distance Education Support for guidance.

Code of Conduct
It is the student's responsibility to abide by Wake Tech's Student Code of Conduct (opens in a
new window) http://handbook.waketech.edu/files/studentrights.pdf Free Adobe Acrobat PDF
reader download opens in a new window http://get.adobe.com/reader/?promoid=BUIGO.
Violation of the Student Code of Conduct will result in disciplinary action. The Code of Conduct
includes the Academic Integrity Policy.
Attendance Policy
It is the students responsibility to abide by the Wake Tech Attendance Policy (opens in a new
window) http://catalog.waketech.edu/pdfs/WakeTechCatalog.pdf (p. 39).
In online or hybrid courses, in order to remain enrolled in the course, each student is required to
open and complete the Course Entry Quiz in Blackboard by 11:59 PM on or before the semester
10% date. Students should complete the activity as soon as possible. Delay in completion may
result in getting behind in coursework or in missing assignments.
Students who do not complete the Course Entry Quiz by the deadline will be withdrawn from
the course with no tuition refund.
Disability Support Services
Disability Support Services is available for students who require academic accommodations due
to any physical, psychological, or learning disability. To determine eligibility, contact the office
at 124 Holding Hall or call 866-5670 (TDD 779-0668). Disability Support Services web page
(opens in a new window) http://disabilityservices.waketech.edu/

Core Values
In keeping with the colleges mission statement, this course will promote Wake Techs core
institutional values.
Accountability
Accountability is essential for an environment of learning. Those who are accountable stand by
their words and actions, taking full responsibility for what they create and for what they
contribute to the community.
Respect
Respect is a prerequisite for enhancing learning. Community members who respect themselves
and others help create a safe, yet open, climate of learning.
Responsibility
Responsibility is the root of success. Students who assume personal responsibility for their
education will reach their goals. Responsible students also make contributions to their
communities.

Critical Thinking
Critical thinking is the fundamental purpose of higher education. The ability to solve problems
through the application of the appropriate skills is critical to all disciplines.
Communication
Communication is increasingly the key competency for living and working in the information
age. Communicating effectively in oral and written forms through traditional and new media is
a powerful tool for personal and career success.
Collaboration
Collaboration, by bringing together individual knowledge and talents, creates teams that are
greater than the sum of their parts. Such teamwork maximizes benefits to individuals and the
community.

Revised: 05/31/12

Course Outline/Schedule BUS 121 Business Math


(Note: subject to change with fair notice.) List the agenda for the semester.
Week
1
2

Chapter
Chapter 5
Chapter 6

Topics, Readings, Assignments, Deadlines


Equations
Percents

Chapter 11 Simple Interest and Simple Discount


Chapter 4 Banking

Chapter 8

Trade and Cash Discounts

Chapter 9

Markups and Markdowns

Chapter 18 Inventory
Chapter 17 Depreciation

8
9
10
11
12
13
14
15
16

Chapter 10 Payroll
Chapter 20 Taxes
Chapter 15 Building Wealth Through Investments
Chapter 13 Compound Interest, Future Value, and Present Value
Chapter 14 Annuities and Sinking Funds
Chapter 19 Insurance
Chapter 16 Mortgages
Final Exam

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