# View Career Major Course

Course Information

Business and Information Technology Education

BT00134

Math of Finance

120.00

This course provides knowledge of skill in mechanical computations of mathematics that apply to many aspects of business. Principles of mathematics are applied to real business examples to build student understanding of how to determine strategies and procedures for solving business situations.

Kim Simpson

(405) 743-5117

ksimp@okcareertech.org

(405) 743-5117

ksimp@okcareertech.org

Fundamentals of Technology or

Business and Computer Technology

Business and Computer Technology

-Perform fundamental processes of addition, subtraction, multiplication, and division rapidly and accurately

-Estimate answers before performing calculations

-Change improper fractions and mixed numbers

-Change fractions to lower and higher terms

-Add, subtract, multiply, and divide fractions, mixed numbers, and whole numbers

-Read and round decimal numbers

-Add, subtract, multiply, and divide decimal numbers

-Approximate products and quotients

-Use mental computations in simple addition, subtraction, multiplication, and division

-Use a systematic approach to solve word problems

-Apply formulas to solve rate, time, and distance

-Solve simple numerical equations

-Recognize numerical relationships in a series

-Using mental calculations, round numbers quickly

-Change percents to decimals; convert fractions and decimals to percents

-Find base, rate, and percentage

-Measure increase and decrease and allocate overhead using percents

-Figure sales commissions and gross pay

-Figure sales and purchases

-Calculate trade discounts

-Calculate a sequence of trade discounts and the single equivalent discount

-Calculate cash discounts for paid invoices and partially paid invoices

-Calculate variables in basic markup and markup based on cost and selling price

-Using a checking account, reconcile a bank statement

-Prepare a payroll register with withholdings for federal income tax, Social Security, Medicare, and other withholdings

-Prepare an employee's earning record

-Prepare a quarterly federal tax return

-Prepare an employer's federal and state unemployment tax liability

-Calculate simple interest with time in years or months

-Estimate exact simple interest computations

-Calculate the Principal, Rate, and Time from a basic interest formula

-Convert annual and monthly interest rates

-Figure simple interest on a monthly basis

-Figure finance charges for credit account purchases

-Figure costs of installment purchases

-Figure loan amortization

-Figure monthly payments on a home mortgage

-Determine the number of interest days of a promissory note

-Find the maturity value of a promissory note

-Determine the discount given on a promissory note

-Find the proceeds and actual interest rate on a bank discount loan

-Find the savings from borrowing money in order to take a cash discount

-Analyze future values and compound interest

-Calculate present values

-Analyze present value tables and/or formulas

-Assess inventory sheets and reports from a perpetual inventory system

-Use the average cost, LIFO and FIFO methods to compute inventory value

-Assess inventory by using the lower of cost or market value

-Estimate inventory using the cost of goods sold

-Analyze inventory turnover

-Figure depreciation using the straight-line method, units of production method, declining-balance method, and the sum-of-the-years-digits method

-Find the depreciation for income taxes using the Modified Accelerated Cost Recovery System (MACRS).

-Calculate partial-year depreciation

-Evaluate balance sheets and income statements

-Analyze commonly used business operating ratios

-Analyze currency exchange rates

-Analyze duties on imports

-Convert U.S. weights and measures;convert metric weights and measures

-Analyze the costs and proceeds of stock

-Figure the odd-lot differential of stocks

-Analyze rates of yield and gains or losses on purchases and sales of stocks

-Compare earnings of potential major classes of corporate stocks

-Evaluate gains and losses on convertible and callable corporate bond transactions

-Figure annual interest on bonds

-Figure accrued interest on bond transactions made between interest payment dates

-Find annual yield on bonds

-Find the rate of yield to bond maturity

-Analyze the future value of an annuity and figure the regular payments

-Analyze the present value of an annuity and figure the regular payments

-Find the mean, median, and the mode for reporting statistics

-Using business data, construct a frequency table

-Using business data, construct a histogram

-Using business data, construct a bar graph

-Using business data, construct a line graph

-Using business data, construct a pie chart

-Estimate answers before performing calculations

-Change improper fractions and mixed numbers

-Change fractions to lower and higher terms

-Add, subtract, multiply, and divide fractions, mixed numbers, and whole numbers

-Read and round decimal numbers

-Add, subtract, multiply, and divide decimal numbers

-Approximate products and quotients

-Use mental computations in simple addition, subtraction, multiplication, and division

-Use a systematic approach to solve word problems

-Apply formulas to solve rate, time, and distance

-Solve simple numerical equations

-Recognize numerical relationships in a series

-Using mental calculations, round numbers quickly

-Change percents to decimals; convert fractions and decimals to percents

-Find base, rate, and percentage

-Measure increase and decrease and allocate overhead using percents

-Figure sales commissions and gross pay

-Figure sales and purchases

-Calculate trade discounts

-Calculate a sequence of trade discounts and the single equivalent discount

-Calculate cash discounts for paid invoices and partially paid invoices

-Calculate variables in basic markup and markup based on cost and selling price

-Using a checking account, reconcile a bank statement

-Prepare a payroll register with withholdings for federal income tax, Social Security, Medicare, and other withholdings

-Prepare an employee's earning record

-Prepare a quarterly federal tax return

-Prepare an employer's federal and state unemployment tax liability

-Calculate simple interest with time in years or months

-Estimate exact simple interest computations

-Calculate the Principal, Rate, and Time from a basic interest formula

-Convert annual and monthly interest rates

-Figure simple interest on a monthly basis

-Figure finance charges for credit account purchases

-Figure costs of installment purchases

-Figure loan amortization

-Figure monthly payments on a home mortgage

-Determine the number of interest days of a promissory note

-Find the maturity value of a promissory note

-Determine the discount given on a promissory note

-Find the proceeds and actual interest rate on a bank discount loan

-Find the savings from borrowing money in order to take a cash discount

-Analyze future values and compound interest

-Calculate present values

-Analyze present value tables and/or formulas

-Assess inventory sheets and reports from a perpetual inventory system

-Use the average cost, LIFO and FIFO methods to compute inventory value

-Assess inventory by using the lower of cost or market value

-Estimate inventory using the cost of goods sold

-Analyze inventory turnover

-Figure depreciation using the straight-line method, units of production method, declining-balance method, and the sum-of-the-years-digits method

-Find the depreciation for income taxes using the Modified Accelerated Cost Recovery System (MACRS).

-Calculate partial-year depreciation

-Evaluate balance sheets and income statements

-Analyze commonly used business operating ratios

-Analyze currency exchange rates

-Analyze duties on imports

-Convert U.S. weights and measures;convert metric weights and measures

-Analyze the costs and proceeds of stock

-Figure the odd-lot differential of stocks

-Analyze rates of yield and gains or losses on purchases and sales of stocks

-Compare earnings of potential major classes of corporate stocks

-Evaluate gains and losses on convertible and callable corporate bond transactions

-Figure annual interest on bonds

-Figure accrued interest on bond transactions made between interest payment dates

-Find annual yield on bonds

-Find the rate of yield to bond maturity

-Analyze the future value of an annuity and figure the regular payments

-Analyze the present value of an annuity and figure the regular payments

-Find the mean, median, and the mode for reporting statistics

-Using business data, construct a frequency table

-Using business data, construct a histogram

-Using business data, construct a bar graph

-Using business data, construct a line graph

-Using business data, construct a pie chart

Required Certifications:

Brainbench:

-Business Math

Recommended Additional Competency Testing:

Brainbench:

-Consumer Finance

Brainbench:

-Business Math

Recommended Additional Competency Testing:

Brainbench:

-Consumer Finance

Brainbench

http://www.brainbench.com/

http://www.brainbench.com/

Available at http://www.swlearning.com/bmath/deitz/chooseyourbook.html

-Deitz & Southam. Contemporary Business Mathematics.

http://www.jumpstart.org/

http://www.federalreserveeducation.org/FRED/

http://www.investopedia.com/

-Deitz & Southam. Contemporary Business Mathematics.

http://www.jumpstart.org/

http://www.federalreserveeducation.org/FRED/

http://www.investopedia.com/

No

8180

Yes

Yes

Yes

Career Majors That Sequence This Course

Career Cluster | Pathway | Career Major |
---|---|---|

Finance | Business Financial Management | Financial Assistant |

Finance | Banking & Related Services | Financial Customer Service |

Finance | Banking & Related Services | Financial Services Officer |