Course Number: BU/MS110
Course Title: Business Mathematics

STUDENT LEARNING OUTCOMES

After completion of this course, students will be able to:

 1. balance a checkbook, and reconcile a bank statement
 2. change percents to and from fractions and decimals
 3. calculate percent increase and decrease
 4. prepare an invoice, enter the quantity(s) and prices, apply trade or cash discounts and find the total for the invoice
 5. calculate the mark up and mark up rate
 6. calculate employee gross pay; apply deductions and taxes, and calculate the net pay for hourly and salary employees using FSM
     tax laws and tax rates
 7. prepare FSM gross revenue tax forms, payroll tax forms and file such forms
 8. value ending inventory using various valuation methods
 9. prepare Income Statements, Statements of Owner's Equity and Balance Sheets for service and merchandising businesses
10. define loan date, due date, principal, and rate. Calculate simple interest using exact and ordinary time period
11. calculate interest, given the interest rate, principal, and time
12. solve statistical problems using frequency distribution, graphs, mean, median, mode, and standard deviation