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Center for Curriculum and Transfer Articulation
Business Calculations
Course: GBS131

First Term: 1995 Fall
Lecture   3 Credit(s)   3 Period(s)   3 Load  
Subject Type: Occupational
Load Formula: S

Description: Review of basic arithmetic and application of mathematics to business problems, includes percentage, interest, discount, and markups

MCCCD Official Course Competencies
1. Demonstrate proficiency in common arithmetic operations with whole numbers, fractions, and decimals. (I)
2. Reconcile bank statements from both individual and business accounts. (II)
3. Compute appropriate cash and trade discounts and agent commissions, based on a sales or purchase invoice. (II)
4. Calculate sales commissions using various commission payment options. (II)
5. Compare simple and compound interest rates on consumer and business loans. (II)
6. Calculate interest, due date, and proceeds on promissory notes, including discounted notes. (II)
7. Calculate depreciation rates for selected items, and compare the advantages of available depreciation methods. (II)
8. Calculate appropriate financial ratios from an income statement and a balance sheet. (II)
MCCCD Official Course Outline
I. Arithmetic review
   A. Whole numbers
   B. Fractions
   C. Decimals
II. Business mathematics applications
   A. Bank statement reconciliation
   B. Discounts
   C. Commissions
      1. Salesmen
      2. Agents
   D. Interest
      1. Simple and compound interest
      2. Promissory notes
   E. Depreciation
   F. Financial statements
      1. Income statement
      2. Balance sheet
      3. Financial ratios
MCCCD Governing Board Approval Date:  5/23/1995

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.