BUSM1260

This course covers math functions for the solution of business problems. This course emphasizes practical approaches to prepare students for careers in business with a focus on real-world application. Students in this course develop math competency in business applications of interest, financial statement analysis, discounts, merchandise inventory, inventory pricing, credit financing, fixed asset costs, future and present value, operation ratios, corporate stocks, government, and corporate bonds. Applied Business Math prepares students for the math requirement of future business courses and business careers.Student Learning Outcomes

• Calculate base, rate and percentage of business transactions.
• Measure increases and decreases in financial data and allocate overhead expenses using percents.
• Determine the proper amount to pay on invoices utilizing cash, series, and trade discounts.
• Demonstrate pricing procedures related to markup based on cost or selling price.
• Calculate the correct value of ending inventory and cost of goods sold using FIFO(first in first out), LIFO(last in first out), and average cost methods.
• Demonstrate the use of various depreciation methods as they impact assets on the financial statements.
• Calculate the impact of simple and compound interest on various purchase decisions, installment loans and investments.
• Determine interest earned and deposits required for business investments using future and present value concepts.