Course of Study
Dabney S. Lancaster Community College
BUS 122: Business Mathematics II
Three Credit Hours
Spring Semester, 2005
Instructor: Ralph Sass, Assistant Professor
Program Head, Business Management
Office: Warren 409
Telephone: (540) 863-2890
E-mail: rsass@dl.vccs.edu
Office Hours: Office Hours: T 3:00 – 5:00
M,F 9:00-10:00
W 9:00-10:00 and 12:00 -5:00
By Appointment
Course Description
Applies mathematical operations to business processes and problems. Reviews basic statistics, distribution of profit and loss in partnerships, distribution of corporate dividends, simple interest, present value, bank discount notes, multiple payment plans, compound interest, annuities, sinking funds and amortization.
Course Content/Instructional Goals
Upon completion of Business Mathematics II, the student will have the knowledge and skills to understand and calculate various mathematical business procedures such as depreciation, promissory notes, credit interest, mortgage payments, taxes, insurance premiums, financial reports, stock dividends and bond yields.
The following objectives will be completed for Business Mathematics II:
1. Identify parts of a promissory note; calculate bank discounts, true rate of interest, and proceeds.
2. Calculate compound interest and compute effective rate and present value.
3. Calculate a simple discount note and discount an interest bearing note before maturity.
4. Utilize compound interest and present-value tables.
5. Determine the amount of annuities: ordinary and annuity due; determine sinking funds.
6. Understand installment buying, Rule of 78, and revolving charge credit charges.
7. Calculate the cost of home ownership.
8. Read, analyze, and interpret financial reports.
9. Calculate depreciation.
10. Calculate inventory and overhead costs.
11. Determine profits and losses of stocks, bonds, and mutual funds.
Instructional Procedures
Course material will be presented by lectures, questions and class discussions, and appropriate articles.
Course Materials
Practical Business Math Procedures, 7th ED., by Jeffrey Slater, Irwin McGraw Hill, 2003
Students will need a calculator.
Course Requirements
Punctual and regular class attendance is required. Students should read required readings prior to class and be prepared to participate in class discussions, including discussion of problems. The final grade will be based upon attendance, participation, homework and exams.
There will be a total of 500 points broken down as follows:
5 Exams of 60 points each 300
Homework 20
Final Exam 100
Participation 80
TOTAL 500
The exams will be given at the end of each of the units. Makeup exams will only be given if prior arrangements are made. Grades will be determined based upon the total points earned. The following scale will be utilized in computing grades:
A= 90% - 100%
B= 80% - 89.9%
C= 70% - 79.9%
D= 60% - 69.9%
F= 0% - 59.9%
Academic Conduct
Academic conduct will be in accordance with and governed by the college policy enumerated in the Dabney S. Lancaster Community College Catalog.
Plagiarism and other forms of academic dishonesty will not be tolerated. Any student found cheating on examinations, or submitting the work of others will at a minimum receive a zero on the work in question.
Dates to Remember
Last day to add/drop or receive refund: January 24
Last day to withdraw without academic penalty: March 21
Class Attendance and Administrative Withdrawal
As stated previously, punctual and regular attendance is required. Any student who misses more than 6 classes will be subject to administrative withdrawal. The instructor will initiate administrative withdrawal for any student not attending classes on a regular basis, and unexcused absences over an extended period of time constitute sufficient reason for removal from class (see DSLCC catalog)
Repeating a Course
Normally, a student is limited to two (2) enrollments in the same credit course. A student desiring to take a course more than twice should formally request permission through a counselor in Student Services. This request will be forwarded to the Dean of Instruction and Student Services (see DSLCC catalog).
Fire/Evacuation Plan
To be explained during the first class session.
Tentative CLASS SCHEDULE
Part I Chapter 11- Promissory Notes, Simple Discount Notes, and the Discount Process
Chapter 12-Compound Interest and Present Value
Part II Chapter 13- Annuities and Sinking Funds
Chapter 16-How to Read, Analyze, and Interpret Financial Reports
Part III Chapter 17-Depreciation
Chapter 21-Stocks, Bonds and Mutual Funds
Part IV Chapter 14-Installment Buying, Rule of 78, and
Revolving Charge Credit Cards
Chapter 15-The Cost of Home Ownership
Part V Chapter 19-Sales, Excise, and Property Taxes
Chapter 20- Life, Fire and Auto Insurance
Chapter 18 –Inventory and Overhead
Homework will consist of the Appendix A Problems.