BA 104 Business Applications Using Mathematics

Lecture Hours: 4
Lab Hours: 0
Credits: 4

Covers application of mathematics to personal finance and the world of business. Includes applications involving banking, payroll, the mathematics of buying and selling, simple interest, compound interest, annuities, stocks and bonds, business and consumer loans, taxes and insurance, depreciation, financial statement analysis, frequency graphing and calculating mean, median and mode. Uses spreadsheet computational tools and manual, hand-held calculator.

Prerequisite: Placement into MTH 070 or higher; or completion of MTH 060 or higher; and computer literacy; or consent of instructor. (All prerequisite courses must be completed with a grade of C or better.)
Student Learning Outcomes:

Solve equations and apply skill to business word problems, including mark-ups, trade discounts, credit terms, and partial payments.
Prepare mark-ups and mark-downs based on cost and selling price, including perishables and impact on marginal gross income.
Compute payroll computations including gross pay, net pay, employer taxes and voluntary deductions.
Compute simple interest, maturity value, and discounting on notes.
Prepare present and future value calculations and apply them to business problems.
Prepare annuity computations including sinking funds, ordinary annuities, annuities due, and other investment opportunities.
Compute financial ratios and business statistics relevant to business reports, accounting and finance.
Analyze various mathematical problems presented in written form and convert the data to the appropriate mathematical equivalent.

Content Outline

Percentages, Fractions, Whole Numbers and Decimals
Bank Services and Payroll
Mathematics of Buying and Selling
Simple and Compound Interest
Annuities and Sinking Funds
Stocks and Bonds
Business and Consumer Loans
Taxes and Insurance
Depreciation
Financial Statements and Ratio Analysis
Frequency Distribution Graphing, Mean, Median and Mode