# Course

Course Summary
Credit Type:
Course
ACE Course Number:
ICS-0056
Organization Course Number:
MAT106
Organization:
Location:
Online
Length:
Self-paced over 52 weeks (135 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Description

## Objective:

The course objective is to provide the student with a foundation in basic mathematical operations. Topics covered include percentages; discounts; interest; present worth; sinking funds; installment buying; pricing; depreciation; investments; insurance; use of symbols and their applications, equations and formulas; and the importance of statistics.

## Learning Outcomes:

• show calculations involved in simple interest, compound interest, and time value of money
• analyze various financial concepts related to taxes, insurance, financial investments, and basic business statistics
• Understand and use a checking account and prepare a bank statement reconciliation
• Understand, write, and solve business-related equations
• Apply knowledge of business math to taxes, insurance, and investments
• And interpret business date and statistics and present them in an understandable format
• Apply your knowledge of business math to annuities, consumer and business credit, mortgages, financial statements and ratios, inventory, and depreciation
• Apply your knowledge of business math to taxes, insurance, and investments
• Upon completion of the course, the student will be able to perform basic operations using whole numbers, fractions, decimals, and percent's
• And interpret business data and statistics and present them in an understandable format
• Add, subtract, multiply, and divide algebraicexpressions
• And understand interest, installment buying, pricing, depreciation, investments, insurance symbols and theirapplication, equations and formulas, and the importance of statistics
• Upon the successful completion of this course, the student will be able to perform basic operations using whole numbers,fractions, decimals, and percents
• Understand and use a checking account and prepare a bank statement reconciliation
• understand, write, and solve business-related equations
• Perform basic business-related math involving invoices,trade and cash discounts, markup and markdown, payroll, simple interest and promissory notes, and compound interestand present value
• Apply knowledge of business math to taxes, insurance, and investments
• Apply knowledge of business math to annuities, consumer and business credit, mortgages, financial statements and ratios, inventory, and depreciation
• Use a checking account and prepare a bank statement reconciliation
• Write and solve business-related equations
• Apply your knowledge of business math to annuities, consumer and business credit, mortgages, financial statements and ratios, inventory, and depreciation
• analyze functions of whole numbers, fractions, decimals, and percentages
• prepare various business math applications involving financial reports, installment buying, and depreciation
• Perform basic business-related math involving invoices, trade and cash discounts, markup and markdown, payroll, simple interest and promissory notes, and compound interest and present value
• Upon completion of this course, the student will be able to perform basic operations using whole numbers, fractions, decimals, and percentages
• Perform basic business-related math involving invoices, trade and cash discounts, markup and markdown, payroll, simple interest and promissory notes, and compound interest and present value
• Perform basic business-related math involving invoices, trade and cash discounts, markup and markdown, payroll, simple interest and promissory notes, and compound interest and present value
• Apply your knowledge of business math to taxes, insurance, and investments
• Identify positive and negative numbers
• Write and solve business-related equations
• Use a checking account and prepare a bank statement reconciliation

## General Course Topics:

• Whole numbers
• Fractions
• Decimals
• Percentages
• Simple interest
• Compound interest
• Time value of money
• Taxes
• Insurance
• Investments
Instruction & Assessment

## Instructional Strategies:

• Audio Visual Materials
• Computer Based Training
• Discussion
• Lectures
• Practical Exercises

• Examinations

## Minimum Passing Score:

70%
Supplemental Materials

(ICS-0146)
(ICS-0216)
(ICS-0042)
(ICS-0043)