BUS 55 - Computational Problems in Business

Institution:

Kapiolani Community College

Subject:

Description:

3 hours lecture per week Prerequisite(s): Qualification for MATH 24. BUS 55 focuses on basic math applications to common business and financial problems. Training in computational skills will include use of adding machines and calculators. Upon successful completion of BUS 55, the student should be able to: Demonstrate proficiency in the use of the electronic calculator and 10-key adder. Demonstrate knowledge of basic arithmetic processes including fractions, decimals, and percentages and their application to business problems. Solve business math problems for banking and sales records, interest in finance, markup and markdown, cash and trade discounts, taxes, payroll, depreciation, inventory, metric, and basic financial reports. Demonstrate correct usage of the electronic calculator. Demonstrate correct usage of the ten-key adder. Demonstrate basic skills in the handling of whole numbers, fractions, decimals, and percentages. Describe basic checking account records and prepare a bank reconciliation. Solve simple interest problems for principal, rate, and time. Solve problems in merchandise pricing including mark-ups based on cost or selling price. Demonstrate the use of cash and trade discounts. Compute sales and income taxes. Complete a total payroll including calculation of gross earnings, various taxes, other payroll deductions, and net earnings for each employee. Compute depreciation using straight-line, declining balance, and sum of the years digits methods. Compute inventory value by the specific identification, average cost, FIFO, and LIFO methods. Solve problems in metric. Convert Balance Sheet and Income Statements from dollars to percents for horizontal and vertical analysis; compute current and acid-test ratios and inventory turnover.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

kapiolani.hawaii.edu/page/home

Phone Number:

(808) 734-9000

Regional Accreditation:

Western Association of Schools and Colleges

Calendar System:

Semester

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