Business Mathematics  C 103
Course Objectives
 Define the different ways in which interest on money can be calculated.
 Explain the meaning of simple interest, compound interest, equivalent rates of interest, promissory and demand notes, annuities, perpetuities, capitalized cost, depletion allowance, stocks and bonds.
 Undertake the computations for problems of interest, annuities and perpetuities, capitalized cost, depletion allowances, stocks and bonds.
 Use the results of mathematical calculations to help evaluate various options in reaching financial decisions, whether personal or businessrelated.
 Evaluate and select financial arrangements, which are best for you as a consumer.
Course Content
 Whole, Decimals
 Whole Numbers
 Application Problems
 Basics of Decimals
 Addition and Subtraction of Decimals
 Multiplication and Division of Decimals
 Faction
 Basic of Fraction
 Addition and Subtraction of Fraction
 Multiplication and Division of Fraction
 Converting Decimals to Fraction to Decimals
 Percent
 Writing Decimals and Fractions as Percents
 Finding Part, Base, Rate
 Increase and Decrease Problems
 Bank Services
 Checking Accounts and Check Registers
 Checking services and Credit Card Transactions
 Reconciliation
 Payroll
 Gross Earnings
 Wages and Salaries
 Social Security
 Medicare
 Taxes
 Mathematical of Buying
 Invoices and trade discounts
 Single Discount Equivalents
 Cash Discounts
 Mathematical of Selling
 Markup on Cost
 Markup in Selling Price
 Markdown
 Turnover
 Valuation of Inventory
 Simple Interest
 Basic of Simple Interest
 Finding Principal
 Rate & Time
 Simple Discounting a notes before Maturity
 Compound Interest
 Compound Interest
 Saving Accounts and Inflation
 Present Value
 Annuities, Stock and Bonds
 Annuities
 Present Value of Annuity
 Sinking Funds
 Stocks
 Bonds
 Business and Consumer Loans
 OpenEnd Credit and Charge Cards
 Instalment Loans
 Early Payoffs of Loans
 Personal Property Loans
 Real Estates Loan
 Taxes and Insurance
 Property Tax
 Personal Incomes Tax
 Fire Insurance
 MotorVehicle Insurance
 Life Insurance
 Depreciation
 StraightLine Method
 DeclineBalance Method
 SumofProduction Method
 UnitsofProduction method
 Modified Accelerated Cost recovery system
 Financial Statements an Ratios
 The Income Statement
 Analyzing the Income Statement
 The Balance Sheet
 Analyzing the Balance Sheet
Recommended Text:
KalmanGoozner, CalmanGoozner. Business Mathematics.4th Edition. Barron's Educational Series. 2009.
Joel Lerner. Schaum's Outline of Basic Business Mathematics. 2nd Edition. McGrawHill Professional. 2009.
Charles D. Miller, Stanley A. Salzman, Gary Clendenen. Business Mathematics (12th Edition). Addison Wesley. 2012.
