Johnson County Community College

Course Syllabus
Mathematics Division

Math 120: Business Math
Section 950 (Self-Paced)
Fall 2011 (CRN 81786)


Instructor Information

Primary Instructor:

Vivian Reinhard

Campus Phone:

913-469-8500, ext. 4959

Campus Office:

CLB 237

Campus E-mail:

mailto:vreinhard@jccc.edu

Web Site:

http://web.jccc.net/academic/math/selfpaced.htm

Department Office:

CLB 243 (Our mailboxes are located in this office area.)

Division FAX:

913-469-2537 (delivery to our mailboxes is not instantaneous)

Office Hours:

ATTENTION:  Posted office hours are often preempted between 8 a.m. and 5 p.m. due to other campus responsibilities. Times other than posted office hours are available by appointment.  Appointments are strongly recommended with your primary instructor.

Monday

12 p.m. - 5 p.m.

Tuesday

10 a.m. - 3 p.m.

Wednesday

10 a.m. - 1 p.m.

Thursday

10 a.m. - 3 p.m.

Friday

10 a.m. - 12 p.m.

Other instructors:

Mary Deas, CLB 234, ext. 4215, mailto:mdeas@jccc.edu
Phil Veer, CLB 235, ext. 4700, mailto:pveer@jccc.edu


Course Information

Credit Hours:

3

Prerequisite:

A grade of C or higher in Math 111 (Fundamentals of Math), or an appropriate score on the COMPASS test.

Textbook:

Business Math: Using Percents, 3rd edition, by Steven J. Wilson, available online in Angel, not yet in published form. Optional: 2nd edition paperback text similar in most chapters (pub. Kendall-Hunt, 2006).

Supplies:

A financial calculator is required.  The Texas Instruments BA-II Plus is highly recommended.  Students who are planning to take courses in business administration may want to obtain a more advanced calculator, one capable of computing NPV and IRR.  During proctored tests, forbidden calculators include those with computer algebra systems (e.g. TI-89, TI-92), computers (laptops, pocket PCs, Palm Pilots, PDAs), and cell phones.

 

Description:
This is a course for the business student who needs specific skills in mathematics to address business problems and business applications.  Students will learn the mathematics involved in retailing, payroll, financial analysis, interest, and money management.  Students will use a calculator and computer to solve a variety of applications.

Course Objectives:
After completing this course, the student should be able to:

  1. Solve percent problems.
  2. Apply mathematics to payroll situations.
  3. Apply mathematics to retail situations.
  4. Apply mathematics to finance situations.
  5. Apply mathematics to the valuation of assets.
  6. Use a business calculator and a computer to apply mathematics to business problems.

Content Outline and Competencies:
Available on the JCCC web site at http://www.jccc.net/home/course_outline/current/MATH120.


Caveats

To successfully complete the pre-requisite(s) for this course, a student must earn at least a C or better in the pre-requisite course(s) or earn an appropriate score on a placement exam.  If a student is found not to have successfully fulfilled the prerequisite(s) for this course, the student will not be allowed to enroll in a self-paced course.

Important Dates

http://staff.jccc.net/pveer/blueball.gif  August 15, 2011:

Last day to pay without being dropped.
(After this date, you must enroll and pay on the same day)

http://staff.jccc.net/pveer/blueball.gif 2 weeks from enrollment waiver date:

Last day to drop with 100% refund.

http://staff.jccc.net/pveer/blueball.gif  6 weeks from enrollment waiver date:

Last day to drop with no refund and without a withdrawal W on transcript (no grade).

http://staff.jccc.net/pveer/blueball.gif  December 16, 2011:

Last day to complete course without an incomplete.
(Caution:  Incompletes can affect financial aid.)

http://staff.jccc.net/pveer/blueball.gif  6 months from enrollment waiver date:

Last day to drop with a withdrawal W on transcript or request a Pass/Fail grade option.

http://staff.jccc.net/pveer/blueball.gif  9 months from enrollment waiver date:

Length of time to complete a self-paced math course.
(Extensions require extenuating circumstances, substantial completion of the course, and the approval of the Dean.)

There is no attendance in a self-paced course.  Students will be required to set up a reasonable testing schedule with the instructor. Students are encouraged not to procrastinate and begin the course immediately. By completing the first 2 unit exams within 10 weeks after the enrollment date, you and your instructor can then re-evaluate if self-paced (independent study) is right for you. Your success is important. This course begins as soon as the paperwork is signed and the student enrolls.


Course Requirements

Four unit exams, thirty-one sections of homework, four spreadsheets, and a comprehensive final exam are required.  Optional final review quizzes are also available for practice.  No grade for the course is possible until you have completed all of the required work, including the final exam. Course information is accessed from the course website in Angel at https://dl.jccc.edu. Once you have logged in, click on the Lessons tab for homework and spreadsheet instructions as well as tax tables, textbook updates, and calculator capabilities.

Approved calculators are allowed on exams.  Books, and notes are not allowed.  Some tax tables, rates, and ceilings are provided from chapter 3, and a Table of Days is provided when needed.  Formulas should be memorized.

The four unit exams and the final exam are paper and pencil. All needed tables will be provided. Allow 2 hours to complete. You must show work for full credit. Some questions may request a specific process, and no partial credit will be awarded without that particular process.

Unit and final exams are taken in the JCCC Testing Center (SC 334), or in another approved location.  When using the Testing Center, a photo ID and JCCC ID number are required.  Grades will usually be posted online within 48 hours.  Weekends and holidays will have a longer response time.

The unit exams may be retaken, but not the spreadsheets or the final exam.  You may take unit exams three times each.  If you score below 70% on your first or second attempt, you are strongly encouraged to review the material and exam with your instructor and then retake the exam.  When an exam is taken more than once, the highest score for that exam is retained.  All retakes and homework must be completed before the final exam.  The final exam is the last requirement for the class and may be taken only once.

Homework is done and graded on the computer and may be retaken as needed in order to achieve mastery.

Spreadsheets require Microsoft Excel, and can be done on campus in the Math Resource Center, or off campus from any internet connection.  You may turn them in by email or in person. Attaching electronic or hard copies of your completed spreadsheets is required. A spreadsheet drop box is provided under the Lessons tab in Angel. Do only the specific four spreadsheets indicated in the attached outline.


Evaluation

TYPE OF WORK

Number

Points each

Total points

Homework

31

100

Spreadsheets

4

  5

20

Unit Exams

4

100

400

Final Exam

1

100

100

TOTAL

620

 

All JCCC Math students are expected to follow the Student Code of Conduct (as described in the Student Handbook), and the Mathematics Division Policies. Grade penalties may be assessed for incidents of academic dishonesty. Further action may be taken based on the severity of the incident.


Motivation

The biggest hurdle in a self-paced math class is having the self-discipline to study on your own.  Set goals for each chapter, and try to stick to them.  Set aside regular times each week to work on your math, and don't let them get bumped by other activities.  Read the textbook, study the examples, and work the suggested problems.  Seek help when you find the going difficult.  If you feel the urge to put your work off for a week, beware!  Procrastination can easily become a habit.


Assistance

  • Your instructor can help you by email or telephone.  Or you may want to set up an appointment to visit in person (necessary to view your previously taken tests).
  • The Math Resource Center, or MRC (CLB 212), is available for extra assistance, including free tutoring, group help sessions, solutions manuals, and computer software; two sets of DVDs for use in the MRC, corresponding to the textbook; other sets available in the library for checkout.
  • Electronic assistance available for this course includes:
    • The self-paced Business Math web site, which includes notes, instructions for the spreadsheet assignments, homework for unlimited practice, and the grade book.  Point your browser to  http://dl.jccc.edu and log on using your JCCC email ID and PIN number.  (The site should be available the day after you enroll.)
    • The Business Math textbook web site, at http://staff.jccc.net/swilson/businessmath/ It includes the spreadsheet templates, tax information, calculator information, and known errors in the text.

 

  • Other assistance available includes:
    • Access Services (SC 292), who provide a range of services to allow persons with disabilities to participate in educational programs and activities. If you desire support services, call 913-469-8500, extension 3521, or TDD 913-469-3885.
    • A list of private tutors, available from the JCCC Career Center.  The list is also available on their web page at http://www.jccc.net/home/depts/5301/site/tutoring.


The following is the textbook outline indicating sections to be covered in this course for each exam.

Section

Topic

2.1

Interpretation of Percents

2.2

Percent Conversions

2.3

Basic Percent Problems

2.4

Percent Change

3.1

Salaries and Wages

3.2

Commission and Piecework

3.3

FICA and FUTA

3.4

Income Tax Withholding

3.4.1

State Withholding Tax

3.5

After Taxes

3.5.1

Effective Rates

 

Payroll Spreadsheet

 

EXAM 1

4.1

Profitability

4.2

Trade Discounts

4.3

Cash Discounts

4.4

Markups

4.5

Shrinkage

4.6

Markdowns

 

Profitability Spreadsheet

 

EXAM 2

 

5.2

Inventory

5.2.1

Inventory Without Counting

5.3

Basic Depreciation

5.4

Accelerated Depreciation

*Note: Ch. 5 material tested only on the Final Exam, and not on Exam 3.

6.1

The Interest Formula

6.2

Finding Principal, Rate or Time

6.3

Adding Interest

6.4

Discount Interest

6.5

Rates

6.6

Applying Loan Payments

 

U.S. Rule Spreadsheet

 

EXAM 3

 

7.1

TVM variables

7.2

Lump Sum Deposits

7.3

Savings Plans

7.4

Savings Withdrawals

7.5

Loans

8.1

Total Interest

8.3

Rates of Return and APY

8.4

Present Worth

8.5

Effects of Inflation

 

Time Value Spreadsheet

 

EXAM 4

 

FINAL EXAM