Mathematics of Business

Catalog description

Three lecture. Mathematical concepts and procedures involved in financial transactions. Includes percentages, liabilities, insurance, investments, assets, amortization, proration, taxes, and banking as it pertains to business. Students will be able to: illustrate a working knowledge of percentages inherent in business; qualitatively and quantitatively compare various types of loans, investments and insurance; explain the costs of credit; explain the simplified procedures of descriptive statistical applications; determine the best insurance program at least cost; summarize and explain the cost of acquiring stocks, bonds, mutual funds and other passive financial; instruments for wealth accrual; calculate the revenue structure based on gross profit analysis; calculate the consequence Time Value of Money has on business operations; determine the best method to value and depreciate assets. Prerequisite(s): MAT 091 or placement.