10804123Math with Business Applications
Course Information
Description
This course integrates algebraic concepts, proportions, percents, simple interest, compound interest, annuities, and basic statistics with business/consumer scenarios. It also applies math concepts to the purchasing/buying and selling processes.
Total Credits
3
Prior Learning Assessment
  • Exam-College Developed Challenge Exam
Course Competencies
  1. Solve scenarios using basic math computations
    Assessment Strategies
    Math Assessment with Consumer/Business Applications
    Criteria
    you use real numbers and basic operations to solve business/consumer problems
    you answer with the precision of terms appropriate to the problem
    you answer in the correct units of measure and labels

  2. Solve scenarios using algebraic concepts
    Assessment Strategies
    Math Assessment with Consumer/Business Applications
    Criteria
    you identify the unknown with the appropriate variable
    you write the equation that relates the known information with the appropriate variable
    you evaluate formulas for given value of the variables
    you use algebra to solve business/consumer scenarios
    you perform basic operations with signed numbers
    you employ the order of operations to simplify an expression
    you rearrange formulas to solve for a specific variable
    you solve linear equations
    you solve proportions
    you answer with the precision of terms appropriate to the problem
    you answer in the correct units of measure and labels

  3. Solve percentage scenarios
    Assessment Strategies
    Math Assessment with Consumer/Business Applications
    Criteria
    you convert between percents, decimals, fractions
    you identify the base, rate and amount in problem
    you compute the base, rate, or amount
    you use percentages to solve business/consumer scenarios
    you solve percent increase/decrease scenarios
    you answer with the precision of terms appropriate to the problem
    you answer in the correct units of measure and labels

  4. Solve simple interest scenarios
    Assessment Strategies
    Math Assessment with Consumer/Business Applications
    Criteria
    you identify the characteristics of simple interest
    you compute principal, rate, or time using simple interest formula
    you determine due date of a promissory note
    you compute maturity value, principal, rate, and time using maturity value formula
    you determine present and future values
    you use simple interest to solve business/consumer scenarios
    you answer with the precision of terms appropriate to the problem
    you answer in the correct units of measure and labels

  5. Solve compound interest scenarios
    Assessment Strategies
    Math Assessment with Consumer/Business Applications
    Criteria
    you identify the characteristics of compound interest
    you differentiate between simple and compound interest
    you determine the number of periods
    you determine the rate per period
    you compute compound interest and compound amount
    you determine present and future values
    you use compound interest formulas to solve business/consumer scenarios
    you determine the effective rate of interest
    you answer with the precision of terms appropriate to the problem
    you answer in the correct units of measure and labels

  6. Solve annuity scenarios
    Assessment Strategies
    Math Assessment with Consumer/Business Applications
    Criteria
    you identify the characteristics of an annuity
    you differentiate between the present and future value of an annuity
    you calculate the amount of a sinking fund payment.
    you calculate the present and/or future values of an annuity
    you apply annuity calculations to business/consumer scenarios
    you answer with the precision of terms appropriate to the problem
    you answer in the correct units of measure and labels

  7. Apply math concepts to the purchasing/buying process
    Assessment Strategies
    Math Assessment with Consumer/Business Applications
    Criteria
    you calculate trade discounts
    you calculate net cost
    you differentiate between single and series discounts
    you express a series discount as a single discount equivalent
    you determine cash discount period
    you compute a cash discount
    you solve business/consumer scenarios involving the purchasing/buying process
    you answer in the correct units of measure and labels
    you answer with the precision of terms appropriate to the problem

  8. Apply math concepts to the selling process
    Assessment Strategies
    Math Assessment with Consumer/Business Applications
    Criteria
    you distinguish between markup based on cost and markup based on selling price
    you compute selling price, cost or markup based on cost
    you compute selling price, cost or markup based on selling price
    you compute sale price, markdown, or original price
    you solve business/consumer scenarios involving the selling process
    you answer in the correct units of measure and labels
    you answer with the precision of terms appropriate to the problem

  9. Interpret basic statistics
    Assessment Strategies
    Math Assessment with Consumer/Business Applications
    Criteria
    you interpret charted data
    you construct charts/graphs
    you determine the appropriate chart given the raw data
    you calculate measures of central tendencies
    you interpret measures of dispersion
    you determine the probability of an event involving normally distributed data
    you use statistics to solve business/consumer scenarios
    you answer with the precision of terms appropriate to the problem
    you answer in the correct units of measure and labels