BUS 1230 - Math for Business and Finance
Syllabus
Spring
2008
CLASS HOURS:
Monday, Wednesday, and Friday
10:00 am – 10:50 am
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, and solving for the
unkown.
INSTRUCTOR:
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 – 9:00 am and 11:00 am - 11:50 am
TTh:
10:00 am – 10:45 am
And by Appointment.
MATERIALS:
Slater, Jeffrey. Practical
Business Math Procedures, McGraw-Hill
Irwin Publishing, Ninth 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 assignments/quizzes 100 points
----
600 points
GRADING SCALE:
90% - 100%
A
80% - 89%
B
70% - 79%
C
60% - 69%
D
Below 60%
F
CLASS
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: "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 Tuesday, April 8, 2008!!
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.
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.
4)Study hard!!!
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