vcc.ca
MGMT 1001: Business Mathematics
Effective date
September 2022
Department
Business Mgmt PD Diploma
School
Hospitality, Food Studies and Applied Business
Description
This course introduces basic business mathematics used in commerce and industry. Students develop skill
in using basic arithmetic functions and algebraic equations to solve practical financial and mathematical
problems encountered in business. Problems relating to retail operations, discounts, simple and
compound interest and annuities are used to contextualize mathematical applications.
Credits
3.0
Year of study
1st Year Post-secondary
Prerequisites
None
Corequisites
None
Course Learning Outcomes
Upon successful completion of this course, students will be able to:
- Perform basic arithmetic functions, and solve basic algebraic equations
- Solve allocation and equivalence problems using percents and ratios
- Solve and graph linear systems consisting of two simultaneous equations
- Solve problems involving trade discounts, cash discounts, mark-up and markdown
- Compute break-even values, contribution margins
- Compute simple interest problems, and calculate present and future values for promissory notes, treasury bills and demand loans
- Compute compound interest problems dealing with principal, interest rate and time
- Apply time value of money techniques for business and other applications
Prior Learning Assessment & Recognition (PLAR)
None
Hours
Lecture, Online, Seminar, Tutorial: 45
Total Hours: 45
Total Hours: 45
Instructional Strategies
Lectures, group work, and independent study
Grading System
Letter Grade (A-F)
Passing grade
D (50%)
Evaluation Plan
|
Type |
Percentage |
Assessment activity |
|
Assignments |
21 |
Homework Assignments/Participation |
|
Assignments |
14 |
Financial Calculator |
|
Exam |
5 |
|
|
Exam |
10 |
|
|
Midterm Exam |
15 |
|
|
Final Exam |
35 |
|
Course topics
- 1. Percentage change
- 2. Trade discounts
- 3. Cash discounts
- 4. Mark-up, mark-down
- 5. Break-even analysis
- 6. Simple and compound interest
- 7. Annuities
Notes:
- Course contents and descriptions, offerings and schedules are subject to change without notice.
- Students are required to follow all College policies including ones that govern their educational experience at VCC. Policies are available on the VCC website at:
https://www.vcc.ca/about/governance--policies/policies/. - To find out if there are existing transfer agreements for this course, visit the BC Transfer Guide at https://www.bctransferguide.ca.