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Sep 08, 2024
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MAT 195 - Business Mathematics Credits: 3 3 Lecture Hours
Prerequisites: MAT 080 (minimum grade “C”) or successful placement.
Description In this course, students learn mathematical computations commonly utilized in business programs. Students apply the calculation of fractions and decimals to business concepts such as consumer credit, amortization, merchandising, interest and negotiable notes. In addition, students learn to compute loan interest and sales commission in the context of real-world business examples. This course is not intended for any transfer degree program. Learning Outcomes Upon successful completion of the course, the student will:
- Perform operations on whole numbers, fractions and decimals.
- Balance a checkbook.
- Calculate payroll deductions and net pay.
- Compute mark up and mark down prices.
- Calculate commission on sales.
- Compute simple interest and compound interest.
- Calculate consumer credit balances on loans and credit card expenditures.
Listed Topics
- Operations on whole numbers, fractions and decimals
- Checkbook reconciliation
- Payroll calculations
- Promissory notes and third party notes
- Annuities and sinking funds
- Consumer credit
- Home mortgage amortization schedules
Reference Materials Each student is required to have access to the textbook, ebook or online homework platform adopted by the Mathematics Department at the specific campus. A calculator is required. Students who successfully complete this course acquire general knowledge, skills and abilities that align with CCAC’s definition of an educated person. Specifically, this course fulfills these General Education Goals: - Quantitative & Scientific Reasoning
Approved By: Dr. Quintin B. Bullock Date Approved: 02/23/2024 Last Reviewed: 02/23/2024
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