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MATH 042 - Advanced Business and Consumer Math

The goal of Advanced Business and Consumer Mathematics is to provide the student with practical applications useful in future vocational training, careers, or personal life. This course satisfies the mathematics requirement at the Provincial level.

 

Hours: 120 (Lecture Hours: 6)

 

Total Weeks: 20

 

Prerequisites:

Grade 10 Mathematics; successful completion of ABE placement test;
OR permission of the Instructor

 

Non-Course Prerequisites:

None

 

Co-Requisites:

None

 

Course Content:
Fundamental operations
- basic operations with whole numbers and decimals (without calculator support)
- cross-checking
Measurement
- linear, perimeter, area, volume, capacity, mass
- conversions
Fundamental Business Calculations
- ratio and proportion
- percentage
- simple interest calculations
- mark up and mark down
- equivalent rates
Personal Finance
- bank notes, discounts, proceeds
- credit procedures and terminology
- mortgages, amortization, equity
- property tax and insurance
- life insurance (types, premiums, etc.)
- vehicle insurance (collision, liability, adjustments)
- stocks (buying and selling, yield)
Business Applications
- payroll
-commission
- brokerage
- discounts (retail, cash, trade, single discount equivalent)
Investment Mathematics
-depreciation (straight line, fixed rate, etc.)
- compound interest
-annuities

- bonds (purchase and sale)

 

Learning Outcomes:
The student will demonstrate the ability to solve practical mathematical problems that have business and consumer applications.
Performance tasks:
- The student will solve practical math problems involving basic operations, measurements, percentage, ratio and proportion using a variety of effective problem solving strategies
- The student will solve practical business and consumer-related math problems involving insurance, investments, taxes, and banking.

Skills:
- demonstrated use of accurate math vocabulary
- perform basic operations without calculator support
- round off answers
- cross-check to verify responses
- complete invoices
- choose appropriate formulae given application problems
- manipulate formulae
- extract useful information from charts and graphs
- employ problem solving strategies including estimation, pattern recognition, sketching, trial and error, checking, imagery, sequencing, talking aloud, and critical analysis

- determine useful information within a word problem

Technologies:

-use calculator functions including memory, parentheses, x/y function

 

Grading System: Letters

 

Passing Grade: D (50%)

 

Percentage of Individual Work: 100

 

Text Books:
Textbooks are subject to change.  Please contact the bookstore at your local campus for current book lists.
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