BUS 1230 - Math for Business and Finance
Monday, Wednesday, and Friday
11:00 am - 11:50 am
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, and solving for the unkown.
Mr. Bob Reese
MWF: 8:00 am - 9:00 am
MW: 10:00 am - 11 am
And by Appointment.
Slater, Jeffrey. Practical
Business Math Procedures, McGraw-Hill
Irwin Publishing, 11th Edition. 2014.
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.
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 assignments/quizzes 100 points 600 points
90% - 100%
80% - 89% B
70% - 79% C
60% - 69% D
Below 60% F
ATTENDANCE: Students are expected to attend each class and be on time! If a student has a personal emergency (ie: family death or illness),they are expected to contact the instructor for course assignments and arrange for any makeup tests. There will be no makeup tests unless the student notifies the instructor PRIOR to the test date. NO MAKEUP TESTS IF NO NOTIFICATION IS GIVEN BEFORE THE TEST!! Otherwise, a "0" will be given. I run this class like a business. You would not want to be late or miss days from work, the same goes for this class.
READING: Read the chapter listed on the syllabus BEFORE class! Participation is very important in this class. This can occur only if the chapters are read before class. There might be in-class quizzes over the reading during the semester. Participation and attendance are 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. The assignment is due the following class. If class is missed, it is the student's responsibility to find out if there was a homework assignment from the instructor or another student. No homework will be accepted late. I might collect the homework for a grade. There is a high correlation between good grades and doing your homework!!!
QUIZZES: Possible pop quizzes will be given periodically. No quizzes can be made up. This is to ensure students attend class and read appropriate chapters before class. As stated above, there will be 5 homework/quizzes for grades. I will actually be giving 7 homework/quizzes and you may drop your 2 lowest scores. Since quizzes can not be made-up and homework is not accepted late, this gives you 2 homeworks/quizzes to miss or drop.
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 Professor 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, April 10, 2014!!
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, notetaking services, etc.... If you are interested in receiving academic support services, please contact the Special Populations Office at (815)224-0284, office B-204.
CELL PHONES: There are to be NO cell phones in class. If one is needed for emergency purposes, you MUST let the instructor know in advance that you will need the cell phone on.
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.
NOTE: 7 quizzes will be given throughout the semester. The lowest 2 quizzes will be dropped and only 5 will count. There is no makeup for missed quizzes. Some homework will be collected as a quiz at the beginning of class and may not be announced, so please do your homework.
ADVICE: To succeed in this class, you must:
1)Make a good attempt at ALL
the homework and have questions ready for class!!
2)Attend class and Participate
3)Review chapter before class.
TENTATIVE CLASS SCHEDULE