Mar 29, 2024  
2022-2023 Catalog & Student Handbook 
    
2022-2023 Catalog & Student Handbook Archived Catalog

BUSN 1320 - Business Calculations

3 sem hrs cr

This course is a study of the application of mathematics to solve problems related to routine business operations. Topics may include insurance, taxes, consumer credit, retail applications, investments, and introductory statistics. Prerequisite: Documented eligibility for collegiate mathematics and INFS 1010  

In rare and unusual circumstances, a course prerequisite can be overridden with the permission of the Department Lead for the discipline.

Formerly/Same As (Formerly BUS 1220)

Transfer (UT) or Non-Transfer Course (UN): UN


Master Course Syllabus
Student Learning Objectives

  • Develop a solid business math foundation to successfully handle problems encountered in their day-to-day activities
  • Understand the use of percentages in calculating expected costs, revenues, and profits
  • Understand the use of ratios in evaluating business conditions and operations
  • Use provided financial statements to calculate ratios and percentages
  • Understand the concept of the time value of money and be able to use provided tools to estimate present and future values of lump sum and periodic payments
  • Demonstrate the ability to estimate implied interest rates when none are stated
  • Develop an operational budget based on past performance and assumptions of future situations
  • Develop a cash budget based on projected future performance and assumptions of future situations
  • Understand the application of business estimates based upon given information and various formulae provided
  • Demonstrate the ability to calculate revenues required to break-even or meet a given percentage of net income
  • Calculate payroll costs using information and tax rates given
  • Understand and calculate various taxes associated with small businesses