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

• 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