BUS 1230 - Math for Business and Finance
Course Syllabus
Fall 2012
 

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 - 11:00 am
                                    T:                     10:00 am – 10:30 am
                                    And by Appointment.

MATERIALS:           Slater, Jeffrey.  Practical Business Math Procedures, McGraw-Hill
                                    Irwin Publishing, 10th Edition.  2011.

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:

 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: 8am-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:  Effective Summer 2011, students will have the ability to initiate a withdrawal from classes. By completing the form in the Records Office or through the "Student Initiated Withdrawal" links on WebAdvisor, the student is authorizing IVCC to remove him/her from the course. Entering the student ID number serves as the student's electronic signature. IVCC has the right to rescind a withdrawal in cases of academic dishonesty or at the instructor's discretion.  Students should be aware of the impact of a withdrawal on full-time status for insurance purposes and for financial aid. It is highly recommended that students meet with their instructor or with a counselor before withdrawing from a class to discuss if a withdrawal is the best course of action for that particular student.  IT IS YOUR RESPONSIBILITY TO WITHDRAWAL THROUGH RECORDS OFFICE OR ONLINE.  YOU DO NOT GO THROUGH THE PROFESSOR TO WITHDRAWAL.  I do reserve the right to withdrawal a student from class for any reason.  This may include academic dishonesty, plagiarism, cheating, classroom disruptions, etc.  Last day for automatic withdrawal is Thursday, November 8, 2012!! 

IVCC EMAIL: Effective Summer 2011, all students will be responsible for checking their IVCC email. All electronic college correspondence will only be sent to the IVCC email. For information on accessing this account, go to the Learning Commons.

OTHER:  If you are a student with a documented cognitive (learning disabilities), physical, or psychiatric (anxiety, depression, bipolar disorder, AD/HD, post-traumatic stress, and others) you may be eligible for academic support services such as extended test time, texts on disc, note taking services, etc...  If you are interested in learning if you can receive these academic support services, please contact either Tina Hardy (tina_hardy@ivcc.edu, or 224-0284) or Judy Mika Judy_Mika@ivcc.edu or 224-0350), or stop by the Disability Services Office in 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!!!