Syllabi for Mr. Peck

Business Math

VALENCIA COLLEGE

Division of Business and Hospitality

West Campus

 

MTB 1103 – Practical Business Math Procedures (CRN 10174)

Class Policies & Course Syllabus

Fall, 2017

 

 

COURSE DESCRIPTION:

This course teaches students the fundamentals of making business decisions based on the answers to number questions, and how numbers determine most of the business decisions of companies.

 

CREDIT HOURS: 3

PREREQUISITES: None

CLASS MEETING ROOM:  West Campus, Building 011, Room 349

DAY/TIME: Monday 07:00 pm to 09:45 pm.

PROFESSOR:  David C. Peck

PHONE:  215.262.5835

EMAIL: dpeck3@valenciacollege.edu

 

           

TOPICS/AREAS COVERED          

1.         Whole Numbers: How to Dissect and Solve Word Problems

2.         Fractions

3.         Decimals

5.         Solving for the Unknown: A How -to Approach for Solving Equations

6.         Percents and Their Applications

7.         Discounts: Trade and Cash

8.         Markups and markdowns: Perishables and Breakeven Analysis

9.         Payroll

10.       Simple Interest

  1. Promissory Notes, Simple Discount Notes, and Discount Process

  2. Compound Interest and Payment Value

    16.        How to Read, Analyze, and Interpret Financial Reports

  • Depreciation

  • Inventory and Overhead

  • Sales, Excise, and Property Taxes

  • Stocks, Bonds, and Mutual Funds

  • Business Statistics

     

    These may be covered as discrete topics and/or integrated with other topic areas in an order at the discretion of the professor.  These and other topics may be expanded or elaborated at the discretion of the individual professor and is in no way intended to be comprehensive or all-inclusive.

     

    Major Learning Outcomes (MLO) and assessment of each:

     

  • Students will be able to identify, calculate, interpret, and explain the concepts of trade discounts and cash discounts (Discounts: Trade and Cash). This MLO will be assessed through locally developed word problems and multiple choice question exams.

     

  • Students will be able to identify and calculate markups based on cost, markups based on selling price, markdowns and perishables, and breakeven analysis (Markups and Markdowns: Perishable and Breakeven Analysis). This MLO will be assessed through locally developed word problems and multiple choice question exams.

     

     

  • Students will be able to define, compare, contrast, calculate, prepare and explain various types of employees’ gross pay and payroll deductions (Payroll). This MLO will be assessed through locally developed word problems, multiple choice question exam, and classroom discussion.

     

  • Students will be able to calculate and explain simple interest maturity value (Simple Interest). This MLO will be assessed through locally developed word problems, multiple choice question exam, and classroom discussion.

     

     

  • Students will be able to identify, differentiate, calculate, and explain interest-bearing and noninterest-bearing notes (Promissory Notes, Simple Discount Notes, and the Discount Process). This MLO will be assessed through locally developed word problems, multiple choice question exam, and classroom discussion.

     

  • Students will be able to identify, compare, calculate and explain compound interest future value and present value (Compound Interest and Present Value). This MLO will be assessed through locally developed word problems, multiple choice question exam, and classroom discussion.

     

     

    EDUCATIONAL MATERIALS:

     

     Required Materials:  The required text for this course is [Practical Business Math Procedures, 12th Edition, Slater. Publisher: McGraw-Hill Irwin, Boston, MA], and we will also be making use of McGraw-Hill Connect.  Please follow the instructions below to register your Connect Access Code.

     

     

  1. Log into your Blackboard course section and navigate to the Content folder where assignments are located.

 

  1. Click on the first assignment and it will begin the registration process.

 

 

  1. Enter your e-mail address to verify if there is an existing Connect account. It will ask for the Connect password (if a new account, what is entered for the password will be your new password).

 

  1. Once account is located or created, it will ask for registration code. You may enter the registration code you purchased online or click the courtesy access to register for a 14-day free trial.

 

 

  1. The final step is to click the go to Connect section and finalized by returning to Blackboard.

 

Congratulations! You should now be properly registered to your course section.

 

If you get stuck or experience any difficulties, you can call 1(800) 331-5094 for help.

 

 

EVALUATION:

Assignments and Assessments:

There will be six assignments/assessments plus the final assignment/assessment during the term. These assignments/assessments will be comprised of word problems and multiple-choice questions. There will be homework assignments and unannounced quizzes. (Late submissions will not be accepted). 

 

Grading Policy:                                Points:                 Where:

Assignments/Assessments                10             (Connect)

Midterm/Final   (20/20)                     40                      (Classroom)
Homework assignments                    20                      (Home)

Quizzes                                               20                       (Classroom)  

Classroom Participation                       10                      (Classroom)

                                                        ________

Total                                                 100

 

The sum of these will determine a letter grade as follows:

90 - 100           A

80 – 89.9         B

70 - 79.9          C

60 - 69.9          D

0   - 59.9          F

 

 

All Connect assignments/assessments must be completed as assigned and during the week when the assigned chapters are covered. All Connect assignments/assessments for that week are due by 11:59 pm Sunday night of that week. You will have two attempts for each Connect assignments/assessments, and the higher score will be recorded as your earned grade.

 

Homework assignments will be assigned after the assigned chapters are covered and must be turned in during the next class meeting. (Late assignments will not be accepted).

 

Withdrawal Policy:

"A student is permitted to withdraw from a class on or before the withdrawal deadline (11/10/2017) as published in the College calendar.  A student is not permitted to withdraw from a class after the withdrawal deadline. 

 A student who withdraws from a class before the withdrawal deadline will receive a grade of "W." A student who is withdrawn by a professor will receive a grade of "W." A student who is withdrawn for administrative reasons at any time will receive a grade of "W" or other grade as determined in consultation with the professor.  Any student who withdraws or is withdrawn from a class during a third or subsequent attempt in the same course will be assigned a grade of "F".   

Final course grades of "A", "B", "C", "D", or "F" shall be assigned based upon the student's academic achievement upon the completion of all course work, including the required final examination.

CLASSROOM POLICIES:

 

1.         Valencia's attendance policy is that a student will be present for all class meetings.  After two absences, a student will receive an excessive absence notice and must schedule a conference with the instructor immediately. A student will be withdrawn after four absences (excused or unexcused).  Continual tardiness will be viewed as absences and treated as such.  Two occurrences of being tardy will equal one absence.  A student coming in more than 15 minutes late will be counted as absent for that day.

 

2.         A student is responsible for all material covered during absences.  Make-ups for scheduled tests must be requested before the test date and are subject to approval of the instructor.  Unscheduled tests cannot be made up.

 

  1. There will be no eating or drinking in the classroom.  Class begins at a scheduled time and is over when the instructor dismisses class.  Leaving early without prior permission will result in a class-work grade of zero and an absent.

     

    4.         Students must do their own work. Students who plagiarize or cheat, in anyway, will not be credited with that or those assignments, quizzes, nor tests.

     

  1. Students must check their Atlas e-mails regularly as to not miss any important messages from the professor.  Missed messages via Atlas or any other medium (in-class, etc.) may affect your grade and are the responsibility of the student.

     

  2. Students with disabilities who qualify for academic accommodations 
    must provide a letter from the Office for Students with Disabilities (OSD) 
    and discuss specific needs with the professor, preferably during the first 
    two weeks of class.  The Office for Students with Disabilities determines accommodation based on appropriate documentation of disabilities (West Campus SSB 102, ext. 1523).

    7.

    All cell phones, beepers, or any other such disruptive devices must be turned off before 
    entering the classroom. Calculators, cellphone calculators, and laptops are limited use.

     

    Academic Honesty:  All forms of academic dishonesty are prohibited at Valencia College. Academic penalties may include, without limitations one or more of the following: Loss of credit for an assignment, examination, or project; withdrawal from the course, reduction in the course grade; or a grade of “F” in the course. Students will be expected to adhere to the Valencia College Student LifeMap Handbook as it references Valencia College’s Policy #6HX28:08-11 (www: valenciacollege.edu).

     

    Student Code of Conduct:  Students who engage in any prohibited or unlawful acts that result in disruption of the class will be directed by the professor to leave the class for the remainder of the class period. Students will be expected to adhere to the Valencia College Student Life Map Handbook as it references Valencia College’s Policy #6HX28:08-03 (www: valenciacollege.edu).

     

     

     

 

Institutional Core Competencies:

 

The following Valencia Student Competencies will be reinforced throughout the entire course:

 

THINK – Analyze data, ideas, patterns, principles, and perspectives employing facts, formulas and procedures of the discipline.

 

VALUE – Distinguish among personal, ethical, aesthetic, cultural, and scientific values evaluating your own and others values from a global perspective in the process of learning the discipline.

 

COMMUNICATE – Identify your own strengths and need for improvement as a communicator employing methods of communication appropriate to your audience and purposefully evaluate the effectiveness of your own and others communication.

 

ACT – Apply disciplinary knowledge, skills, and values to educational and career goals acting effectively and appropriately in various personal and professional settings responding also to changing circumstances.

 

 

 

SCHEDULE OF CLASSES

Business Math (CRN 10174)

Fall, 2017

 

 

 

 

 

Week          Date          Chapter(s)           Topic(s)

 

1.            8/28          ch. 1                whole numbers

2.            9/4           ch. 2                fractions

3.            9/11          ch. 3  (quiz)        decimals

4.            9/18          ch. 5                equations

5.            9/25          ch. 6                percent (substitute)

6.            10/2          ch. 8                break even analysis (substitute)

7.            10/9          ch. 10 (quiz)        simple interest

8.            10/16         ch. 12               compound interest, present value

9.            10/23         midterm exam  interactive chapter organizers (8 pages)

10.           10/30         chs. 7 + 11          discounts, discounting

11.           11/6          chs. 9 + 19          payroll, taxes

12.           11/13         ch. 16 (quiz)        financial statements

13.           11/20         chs. 17 + 18         depreciation, inventory

14.           11/27         ch. 21 (quiz)        stocks, bonds, funds

15.           12/4          ch. 22               statistics

16.           12/11         final exam           interactive chapter organizers (9 pages)

 

Notes:

1.  Videos "connect" by textbook authors, especially chapters 6 and 8

2.  An "A" gets you my recommendation

3.  Top scorer on midterm can skip final exam

4.  We skip chapters 4, 13, 14, 15 and 20.

5.  Textbook authors also have YouTube sessions

 

David C. Peck, Adjunct