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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MAT 195 - Business Mathematics