BERGEN COMMUNITY COLLEGE

DIVISION OF BUSINESS, MATH, and SOCIAL SCIENCES

BUSINESS DEPARTMENT

BUS 103 Business Math- Online

Dr. Roanne Angiello

Fall 2008

CONTACTING THE INSTRUCTOR

Email

rangiello@bergen.edu

Voice Mail

201 447-7169

Office

400 Paramus Road
Paramus, NJ 07652-1595
Room C-327

Office hours:*

Mon 5:00 - 5:55 PM
Tues 11:00 - 11:55 AM
Thurs 5:00 - 5:55 PM Online

*I am often on campus aside from these scheduled office hours. Call or email to set up an appointment for other times.

Course Description Textbook Learning Outcomes Course Topics "Attendance" Academic Dishonesty
Quizzes Projects Homework Getting Help Make Up Policy Grading

COURSE DESCRIPTION

BUS 103 Business Mathematics provides a background in the principles and problems related to banking, interest, depreciation, and the pricing of merchandise. Attention is also given to commercial paper, consumer credit and various taxes.

CREDITS/HOURS

3credits; 3 hours

PREREQUISITES MAT 011 or equivalent by placement or permission of the Department Head

TEXTBOOK (required)

Practical Business Math Procedures, 9 th Ed. ­ By Jeffrey Slater. McGraw-Hill, ©2008 with DVD and Student Handbook. ISBN 0077214560.

The textbook is available as an e-book from http://www.coursesmart.com. The e-book is approximately half the cost of the print book.

Calculator: you may use any calculator

OTHER RESOURCES

Textbook web site: http://www.mhhe.com/slater9e

Students who are having difficulty with the course may chose to subscribe to Aleks, on online tutoring system. The cost is approximately $20 per month for personalized tutoring with an automated system. Information may be found at http://www.business.aleks.com.

STUDENT LEARNING OUTCOMES

After successfully completing all course activities, the student will be able to :

  1. prepare all documents relating to checking accounts including merchant credit card transactions, successfully reconcile a checking account, and explain trends in online banking;
  2. apply percentages to solve retail and wholesale sales problems including discounts, markup and markdown and identify the differences among these transactions;
  3. calculate all components of a payroll and identify and describe the various types of earnings and deductions;
  4. apply the various formulas for interest to solve problems involving simple and compound interest, partial payments, promissory and discounted notes, present/future value, annuities and sinking funds, installment buying and credit cards and identify and describe consumer issues regarding use of credit;
  5. describe the various types of mortgage loans, use amortization schedules and calculate the various components of a mortgage payment;
  6. read, analyze and interpret a balance sheet and income statement, explain and calculate key financial ratios, and explain and calculate the key variables in inventory and depreciation;
  7. explain and calculate sales, excise and property taxes;
  8. explain stock, bond and mutual fund quotations, calculate dividends, bond yields, net asset value, and commissions.
    Back to the top

COURSE TOPICS

Lesson
Chapter
Topic
 
1
-
Introduction to the Course
 
2
4
Banking
 
3
7
Trade and Cash Discounts
 
4
8
Markup and Markdown
 
5
9
Payroll
 
6
10
Simple Interest
 
7
11
Promissory Notes and the Discount Process
 
8
12
Compound Interest and Present Value
 
9
13
Annuities and Sinking Funds
 
10
14
Installment Buying and Charge Cards
 
11
15
The Cost of Home Ownership
 
12
16
Financial Statements
 
13
18
Inventory and Overhead
 
14
19
Taxes
 
15
21
Stocks and Bonds
Back to the top

THE EXACT SCHEDULE FOR THE SEMESTER IS AVAILABLE TO REGISTERED STUDENTS THROUGH THE CALENDAR ICON. IF YOU NEED INFORMAITON ABOUT THE CALENDAR PRIOR TO REGISTERING EMAiL RANGIELLO@BERGEN.EDU.

COURSE REQUIREMENTS

The student is expected to:

  1. read the assigned chapters prior to the scheduled date;
  2. complete as many chapter problems as necessary to understand the lesson;
  3. complete quizzes by specified dates;
  4. complete assigned projects by the specified dates;
  5. seek assistance as needed by using the Review Master Tutorials and/or accessing the Math Tutor Center;
  6. stay in regular contact with the instructor via email, the discussion forum, or, if necessary, in person or by phone.
    Back to the top

QUIZZES

There is a quiz each week covering the chapter assigned for that week. The quizzes will generally have 10-15 multiple choice questions covering the important vocabulary and concepts in the chapter and several problems which need to be worked out. The multiple choice questions will be similar to those in the self-tests on the publisher's web site. The problems will be similar to those suggested for "homework". Quizzes are timed and must be completed by the assigned date and time. Because the quizzes contain some problems that must be graded by the instructor you will not get your grade immediately but within a few days of the deadline. The deadline for each quiz is posted to the calendar.
Back to the top

HOMEWORK Each chapter will have suggested homework problems. The homework problems are assigned so that you can practice your skills after reading the chapter and following the sample problems. Although there is no grade for homework problems only very foolish students will skip doing them since all math teachers will tell you that doing problems is the only way to learn math. A sample solution to each homework problem is provided so you can check your work.
Back to the top

CLASS DISCUSSION/
IN THE NEWS

Much of the value of an online class is discussion, via the discussion forum (bulletin board), of the course topics. You are expected to participate in the discussions regularly. This means that you should have read the scheduled chapter(s) and thought through the questions posted for discussion. Each lesson has a different discussion; some require using materials from the book or websites. Discussion postings are graded based on the thought and insight demonstrated in the comments, the value of the comment to the discussion, the timeliness of participation, and the frequency of participation. The minimum per lesson is two substantive postings on two different days. There is a detailed explanation of how I grade the discussions under the Introduction in the Getting Started Section. You should be aware that the course software allows me to check how many postings you have read. There is no makeup for missed discussions regardless of the reason. Once a discussion is over; it's over.

You are expected to stay current with business news that relates in some way to course content through newspapers, the Internet, TV, or radio. There may be discussion of the news on the bulletin board and the discussion grades will take into account how familiar you are with current business events.
Back to the top

MAKEUP POLICY/EXTRA CREDIT

Quizzes may be taken at any time prior to the due date; therefore, no makeups are given unless there are extenuating circumstances, not just that you don't have your act together. Contact the instructor if a deadline is missed for such a reason. If you anticipate being unable to take the quiz during the scheduled period contact the instructor in advance.

Don't even ask. There is no extra credit. Do your work all semester long.
Back to the top

PROJECTS /
CASES

You are required to complete two out of three projects for this course. The projects are practical applications of Business Math that are important for each of us in our own financial lives. You may select the two projects that are most relevant to you. You are encouraged to join with 1 or 2 other students in this class and do any or all of the projects as a small group. I do not assign groups; formation of groups is entirely up to you. You are not required to work in a group. If you prefer you may work on all the projects alone. Detailed instructions on working in a group are posted under the Start Here and Project icons.

Each of the projects is based on a short scenario. After reading the scenario and downloading a worksheet you will calculate the data needed to complete the worksheet, conduct additional research, and answer some discussion questions.

The detailed requirements for each of the projects are posted under the Projects icon on the homepage and the due date is specified in the calendar.
Back to the top

ACADEMIC DISHONESTY POLICY

During this online course there are no proctored exams. All quizzes are done online. They are open book/open note. You may consult your textbook, the material on the course website, or any notes you have made. This is perfectly acceptable in this course. (Note: other online courses may not allow this.) You are on your honor not to consult another person. Sharing quiz answers or asking someone else for assistance in taking the quiz is academic dishonesty. If I suspect academic dishonesty in quiz taking I reserve the right to require in person proctored testing and, as required by BCC policy, all incidents will be reported to the Vice President for Student Affairs.

A much more difficult issue of academic dishonesty arises in the submission of written work. It has been my experience that many students do not understand what is acceptable and what constitutes academic dishonesty. The following list is not meant to be a complete itemization of all the ways in which you can be dishonest but to point out the major problems.
(1)You cannot purchase, borrow, or commission someone else’s written work and submit it as your own. You can’t copy it, even if you pay for it, and submit it as your own.
(2)You cannot copy any part, as little as a piece of a sentence, of someone else’s work and incorporate it into your own without giving the citation. This includes information from books, newspapers, magazines, unpublished work written by someone other than yourself, and from the web. Some examples. When researching one of your projects you find a good description of one of the discussion question answers on a bank web site. You cannot copy and paste it into your report as if you wrote it yourself. What can you do? You can say something like this. According to the Citibank website, “blah, blah”. The “ ” signal that you have taken it verbatim (exactly word for word) from your source. Or, you can paraphrase it, that is, take the main idea and put it completely in your own words, and say something like this. As I discovered when reading about blah on the Citibank website, blah, blah. The absence of “ ” means you have not used any of the author’s words.


It is very tempting to think that you are free to use information from the web and incorporate it into your own work without using quotes or giving the proper citation. Don’t fall into that trap. BCC uses plagiarism software and I personally check all written work against the software and other resources

What happens if you submit work that is not your own? You get a zero for that project and, as required by BCC policy, you are reported to the Vice President for Student Affairs.
Back to the top

GETTING HELP

Experience with Business Math indicates that some students have difficulty solving problems. This is due to a lot of different reasons: difficulty reading, difficulty extracting the salient points from a word problem, lack of basic math skills. One of the key reasons, however, that students tend to have trouble is that they do not take enough time to work through the homework problems or that they do not keep up with the course work. If you are making a conscientious effort to do both of these and still have difficulty there are several ways to get assistance:

  1. contact the instructor by phone or email to set up an in person or telephone problem solving session;
  2. organize a study group with fellow students;
  3. contact the BCC Tutoring Center.
    Back to the top

ATTENDANCE

While the notion of attendance in an online class may seem unusual, it is critically important that you stay current with the course activities. Once you get behind in a math class you will have an extremely difficult time caching up. It especially difficult because in many cases subsequent topics are based on what you learned in a previous chapter. A good rule of thumb is to expect to sign on to the course at least 3 times a week and to plan on putting in about 9 hours per week on the course.
Back to the top

EVALUATION
AND
GRADING

Online Quizzes 60 points
Discussions 15 points
Projects 25 points
TOTAL 100 points
   
A 90+
B+ 88-89
B 80-87
C+ 78-79
C 70-77
D 65-69
F below 65
Back to the top

rev
8/12/08