Course Name: YBUSMATH
Course Title: Business Mathematics Instructors: Mangalino, Espanta, Gueco
Required Text: Zorrila, R, Partible, F, Essler, B. Et.al, Business Mathematics, 2011 edition
Course Description: This course covers basic mathematical maneuvers and tools required to solve various problems involving investment decisions and financial transactions. The topics involved are the following: review of basic mathematical concepts, buying merchandise, pricing merchandise, employees’
compensation and income taxes, preparing and analyzing financial reports, simple interest and simple discount, compound interest, depreciation.
Topic Outline: Estimated No of Hours
1. Review of Basic Mathematical Concept 6.00
Introduction and Information
Rounding-Off Numbers
The Concept of Percent
Percentage, Base, Rate
Ration and Proportion
2. Buying Merchandise 6.00
Introduction and Information
Trade Discounts
Successive Trade Discounts
Single Equivalent Trade Discount Rate
Cash Discounts
3. Pricing the Merchandise 6.00
Introduction and Information
Mark-Up Based on Cost
Mark-Up Based on Selling Price
Mark Down
4. Employees’ Compensation 6.00
Introduction and Information
Payroll Date and Payroll Period
Standard Day’s Work
Overtime Pay
Computation of Salaries and Wages
Personal Income Deduction
Income Taxation
5. Preparing and Analyzing Financial Reports 6.00
Introduction and Information
The Income Statement
The Balance Sheet
6. Simple Interest and Simple Discount 6.00
Introduction and Information
The Computation of Simple Interest
7. Compound Interest 6.00
Introduction and Information
The Compound Amount and Interest
Finding the Compound Amount and Interest
Present Value at a Fraction of a Period
Finding the Rate of Interest
Finding the Time
Nominal and Effective Rates
Equation of Value
Varying Interest Rates
Continuous Compounding of Interest
8. Depreciation 6.00
Introduction and Information
The Straight-Line Method
The Declining Balance Method
The Double Declining Balance Method
The Sum-of-the-Year’s Method
Total Sessions Express As Contact Hours 54
Recap
Identification of CPC Topics Covered in this Course Estimated Contact Hours
Accounting 6
Marketing 9
Finance 27
Management 3
Organizational Behavior
Human Resource Management Operations Management
Legal Environment of Business 9
Economics Ethics
Information System
Quantitative Methods/ Statistics
International/ Global Dimensions of Business Integrative Experience
Total Estimated Contact Hours 54
