BUS 161: Business Calculators

Class Program
Credits 2 Lab Hours 44
Touch-control training on the ten-key electronic display/printing calculator. Basic functions, development of proficiency with proration, percentage, interest, discount, present value, and profit computations.

Prerequisites

Completion of MATH 094/MAP 117 or a higher placement.
Course Outcomes

Upon successful completion of the course, students should be able to demonstrate the following knowledge or skills:

  1. Operate a ten-key electronic display/printing calculator using the "touch" method.
  2. Solve the following types of problems using the electronic calculator
    1. Simple addition, subtraction, multiplication and division
    2. Problems dealing with decimals, fractions and percentages
    3. Simple interest, bank discount, maturity value and present value
    4. Compute trade discounts and cash discounts
    5. Merchandising problems dealing with: selling price, cost price, percent of markup computed on sales, cost and markdown
Course Content Outline
  1. Addition, subtraction, multiplication and division problems.
  2. Varying decimals in listings; subtotals; grand totals; repeated numbers.
  3. Multiplication using decimals, constants, multi-factor, sums and differences, sequential operations, and interest.
  4. Fractions: addition, subtraction, multiplication, and division.
  5. Division problems working with percentages, constants, accumulative and proration.
  6. Promissory notes, simple interest, bank discounts, maturity value and present value.
  7. Trade and Cash discounts.
  8. Merchandising problems dealing with markup and markdown based on cost and sales