MCCCD Program Description

Mathematics of Business

Course: GBS161

First Term: 2016 Summer

Lecture 3.0 Credit(s) 3.0 Period(s) 3.0 Load
Subject Type: Occupational
Load Formula: S - Standard Load

Description: Applications of basic financial mathematics; includes interest, financial statement, stocks and bonds, and international business.

MCCCD Official Course Competencies
1. Identify and explain basic mathematic concepts. (I) 2. Perform whole number calculations. (I) 3. Explain the four major functions involved in the process of solving word problems. (I) 4. Simplify numerical expressions with exponents and by using the order of operations. (I) 5. Describe the differences between simple and compound interest. (II) 6. Explain how to find simple interest for loans. (II) 7. Identify and perform calculations to compute finance charges for installment loans. (II) 8. Explain how to find the new balance on open-end loans. (II) 9. Perform calculations to find the total compound interest and future value of an investment. (II) 10. Determine present value of an investment. (II) 11. Identify and explain the usage of a balance sheet and an income statement. (III) 12. Prepare a written analysis of the business applications for financial ratios. (III) 13. Calculate the total cost of a stock purchase and proceeds of a stock sale. (IV) 14. Calculate the dividends and dividend per share. (IV) 15. Compute the selling price of a bond. (IV) 16. Calculate the total price of bonds and a bond`s yield. (IV) 17. Describe how to interpret daily mutual fund tables. (IV) 18. Convert foreign currency amounts to U.S. dollars. (V) 19. Convert U.S. dollar amounts to foreign currency. (V) 20. Explain how to use foreign exchange rates. (V) 21. Determine the amount saved by using a foreign trade zone. (V) 22. Convert from one metric unit to another. (V)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.

MCCCD Official Course Outline
I. Review of basic skills and percentages A. Whole number operations 1. Place-value, whole numbers, addition and subtraction 2. Algebra: simplifying expressions B. Percentages 1. Percents, decimals, and fractions 2. Problem solving and applications: using percents II. Simple and compound interest A. Banking 1. Simple interest 2. Open-end credit 3. Installment loans B. Compound interest 1. Compound interest and future value 2. Present value III. Financial statement analysis A. Balance sheet B. Income statements C. Ration analysis IV. Stocks and bonds A. Stocks B. Bonds C. Mutual funds V. International business A. Currency exchange rates B. Trade regulations C. The metric system

MCCCD Governing Board Approval Date: February 23, 2016

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.