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Oct 23, 2026
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BUS 1108 - Business Math
Credits: 3
Catalog Description
Discussion and application of essential information and mathematical procedures used in accounting, office and clerical work, marketing and finance. Topics include development of principles and operations applicable to buying and selling goods; payroll; insurance; mathematics of ownership (partnerships and corporations); simple interest and discounts; sinking funds and amortization of loans; compound interest and discounts; consumer credit; and inventory valuation.
Additional fee to student: No
Learner Outcomes
- Calculate using decimals, fractions, and percents and apply the concepts to buying, pricing, and selling goods.
- Calculate wages, payroll taxes, and net pay.
- Calculate problems of simple and compound interest, annuities, and sinking funds.
- Assess a wide range of problems regarding consumer credit and insurance.
- Determine the value of inventory by the LIFO, FIFO, and weighted average method.
- Analyze financial statements and calculate and interpret problems involving stocks and bonds.
Major Areas of Course Content
- Banking
- Payroll
- Percentages
- Insurance
- Simple interest
- Promissory notes
- Consumer credit and installment loans
- Compound interest
- Discounts
- Markup and markdown
- Inventory and turnover
- Depreciation
- Taxes and investments
- Financial analysis
- Annuities and sinking funds
- Stocks and bonds
- Statistics
- Loan amortization
Credit for Prior Learning Options
No credit for prior learning option is available for this course.
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