Lecture: 3 hours/week
Seminar: 1 hour/week
Material will be presented within an interactive lecture and seminar format.
- Pertinent mathematics and algebra review: order of operations, ratios, proportions, percent, fractions, exponents, problem-solving logic, and weighted average.
- Application of linear functions to a variety of business problems, including percent change, payroll, foreign exchange, proration, trade discounts, mark-up, mark-down.
- Cost Volume Profit Analysis: linear break-even by quantity, dollar amount, percent of capacity.
- Simple interest: time value of money, equivalent values, promissory notes, T-bills, commercial paper, demand loans.
- Compound interest: present, future and equivalent values, effective and equivalent interest rates, using differing compounding and payment periods.
- Annuities: ordinary, due, and deferred annuities, perpetuities, loan amortization, mortgages.
At the end of the course, the successful student should be able to:
- demonstrate mathematical and algebraic skills and use of logic to solve business-related problems;
- solve mathematics of merchandising problems, including cash and trade discounts, mark-up and mark-down;
- demonstrate competence in solving financial problems involving the calculation of simple and compound interest, annuities; and
- solve basic linear problems in two variables and determine break-even positions in business.
Assessment will be based on course objectives and will be carried out in accordance with the ºÚÁϳԹÏÍøÆØÒ»Çø¶þÇø Evaluation Policy.
Instructors may use a student’s record of attendance and/or level of active participation in the course as part of the student’s graded performance. Where this occurs, expectations and grade calculations regarding class attendance and participation will be clearly defined in the Instructor Course Outline.
|
Term Exams (2-3) |
40-60% |
| Final Exam | 30-40% |
| Assignments | 5-20% |
| Participation | 0-5% |
| Total | 100% |
Textbooks and Materials to be Purchased by Students
1. Hummelbrunner, Halliday, and Hassanlou, Contemporary Business Mathematics with Canadian Applications, latest edition, Pearson Education
or alternate textbook approved by the Department.
2. Calculator: Texas Instruments BA II Plus OR as approved by the Department.
Pre-Calculus 11 (C or higher) or Foundations of Math 11 (C or higher) or MATU 0410 (C or higher) or an approved substitute,
OR currently active in the PDD in Financial Analysis, PDD International Business Management, PDD Financial Planning, PBD International Supply Chain Management, PBD Accounting and Finance, or PBD Finance.
None