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BUS 1230 - Math for Business and Finance
Course Syllabus
Fall 2009

 

CLASS HOURS:  There are no specific class meetings but pay close attention to all due dates.  All assignments are due by 11pm the day the assignment is due.  

CATALOG
DESCRIPTION:
   A review of the fundamental mathematical processes, fractions, and percentages.  A study of discounts, commissions, depreciation, overhead, interest, bank discount, amortized mortgage loans, balance sheet ratios, simple statistical measures, financial statements, graphs, stocks and bonds, solving for the unknown, and time value of money.

PROFESSOR:           Mr. Bob Reese
                                    Office:  B322
                                    Phone:  (815)224-0354
                                    E-mail:  Bob_Reese@ivcc.edu
                                    Website:  http://www.ivcc.edu/reese

OFFICE HOURS:      MWF:              8:00 am – 8:30 am
                                                             10:00 am - 10:50 am
                                    TTh:                 10:00 am – 11:30 am
                                    And by Appointment.

MATERIALS:           Slater, Jeffrey.  Practical Business Math Procedures, McGraw-Hill
                                    Irwin Publishing, 9th Edition.  2008.

COURSE 
OBJECTIVES:
          1.   Know how to calculate fractions, percents, and decimals.
   
                                 2.      Know how to calculate all banking problems
   
                                 3.      Know how to calculate discounts, markups, and markdowns.
   
                                 4.      Know how to calculate payroll, simple interest, discount notes,
                                          compound interest, and annuities.
   
                                 5.      Know how to amortize a mortgage.
   
                                 6.      Know how to read financial statements.
   
                                 7.      Know what Inventory and overhead are and how to assign costs.
                                    8.      Know how to calculate sales, excise, and property tax.
   
                                 9.      Understand and calculate life, fire, and auto insurance.
   
                                 10.  Know how to read and calculate stocks, bonds, and mutual funds
   
                                 11.  Know how to calculate mean, median, mode, and frequency distribution.
                                    12.  Know how to solve for the unknown. 

PREREQUISITES:   None

GRADING:  Grades are based on total points accumulated throughout the semester.

                                   Points are earned as follows:

  4 tests @ 100 points each   400 points
  1 Final Exam 100 points
  5 homework grades  100 points
  Blackboard Postings 170 points
    770 points

                                                                                   

 GRADING SCALE:

                                                90% - 100%                A
                                                80% - 89%                  B
                                                70% - 79%                  C
                                                60% - 69%                  D
                                                Below 60%                  F

CLASS                      
ATTENDANCE: 
Since this is an online class, there is no attendance policy.  Every time you log into the class you are attending class.  Although I encourage logging in at least 3 or 4 times a week, it is up to the student to meet all requirements.  There might be some mandatory synchronous (live) online chats that you must log into but most of the work is asynchronous (work on your own time).               

READING:  Read the chapter listed on the syllabus BEFORE we discuss the chapter online! Participation is very important in this class.  This can occur only if the chapters are read before we start the chapter.  Participation is taken into consideration at the end of the semester if you are on the borderline for a particular grade. 

HOMEWORK:   All chapters will have homework assignments due.  These homework assignments will be turned in at each test.  No homework will be accepted late.  There is a high correlation between good grades and doing your homework!!!  You will also be posting some of the homework problems on Blackboard which count towards your grade. 

TESTS:  There will be four tests and a final exam throughout the semester.  All tests will be taken at the IVCC Assessment Center (E215).  You will have 1.5 hours to take each test.  To fit everyone's busy schedule, you will have two different days to take the test.  The test dates are on the class schedule.  You choose which day fits your schedule the best and take the test that day.  Bring all homework for this test to the test and hand it in with your test.  The Assessment Center hours for the semester on our test dates are:  Wednesday and Thursday: 9am-8pm .  If none of these times fit your schedule, please call me to set up a different time.  For the students who are out of the IVCC district, it is your responsibility to give me a contact name and number at your institution to proctor the test.  Please do this at the beginning of the semester to ensure the tests arrive on time.  

HONOR SYSTEM:   All students are expected to submit their own work. If any tests or assignments are copied, the students in question will each receive a "0" for that grade and the instructor reserves the right to withdrawal the student from the class or failure of the class.  The instructor reserves the right to withdrawal the student or fail the student in any academic dishonesty situation. 

WITHDRAWAL:  "If you do withdraw by the last day for automatic withdrawal, you will earn a "W" grade, which does not affect your grade point average (GPA).  Please note: In order to withdrawal from this course, YOU must request a withdrawal from the instructor.  This request may be in the form of an office visit, a phone call, a letter, or an e-mail.  In the absence of the instructor, the student must contact the Dean of Natural Sciences and Business (Ron Groleau). I will only withdraw a student if he or she has initiated the proper request or has not taken any quizzes or tests by midterm. All withdrawals earn a grade of "W" which does not affect the GPA but deletes the course credit(s) for the involved course(s). Please see the IVCC catalog for a full description of the college’s withdrawal policy.  It is your responsibility to initiate a withdrawal."  Last day for automatic withdrawal is Friday, November 6, 2009!! 

OTHER:  If you are a student with a cognitive, physical or psychiatric disability you may be eligible for academic support services such as extended test time, texts on tape, note taking services, etc.... If you are interested in receiving academic support services, please contact the Special Populations Office at 224-0284, office B-204.

ADVICE:   To succeed in this class, you must:

1)Make a good attempt at ALL the homework and have questions ready for the Blackboard!!
2)Participate
3)Review chapter before the Blackboard assignment.
4)Study hard!!!
 

TENTATIVE CLASS SCHEDULE

DATE          

CHAPTER

ASSIGNMENT 

Week 1           Introduction to class
Pre-Test
 
Week 2          
                       
Ch21
Ch21
Ch4 
Ch4  
Ch21=1-4, 7-9, 16-19 
Ch21=14, 15 
Ch4=1,2,3,7
Ch4=4,5,6,9,11
Week 3       Test #1 (Chapters 1, 2, 3,4,21)
Ch5
Ch5

Ch5=1-10, 17-22, 29-32
Ch5=11-16,23,25,27,33,35,37,39    
Week 4                 Ch6      
Ch6  
Ch7   
Ch7 
Ch6=1-21 (Odds)
Ch6=23-75 (Odds)
Ch7=1-7 (Odds), 21,23,25     
C
h7=9-19(Odds),27-35(Odds)                     
Week 5    Ch8
Ch8 
Test #2
Ch8=1-13 (Odds)
Ch8=15-27(Odds)                 
Week 6   Ch10
Ch10
Ch10=1-21 (Odds)
Ch10=23-31 (Odds)
Week 7                     Ch11
Ch11
Ch11=1,2,7,8,9,10
Ch11=3,6,11,13 
Week Ch19
Ch19
Test #3
Ch19=1-9
Ch19=14-20    
Week 9         Ch18
Ch18
Ch18=1-15
Ch18=21,22,26
Week 10              Ch12
Ch13
Ch12=1-29 (Odds)
Ch13=1-4,11,13,19
Week 11     Ch15
Test #4
Ch15=1-13 (Odds)
Week 12   Ch20
Ch20
Ch20=8,9,10,14,20,21,22
Ch20=13,23
Week 13    Ch9
C
h9  
Ch9=1-13
Ch9=14-20,23-27
Week 14     Ch22 Ch22=1-14,17,20-22
Week 15           Thanksgiving Break!! No Class!! 
Week 16        Final Exam  
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