Course Syllabus

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Syllabus Business Math

Welcome

Welcome to Business Math! We’re so glad you’re here.

Every lesson is designed to help you grow as a thinker, problem solver, and global learner. As a Mizzou Academy global student, you will complete lessons and assignments on your own schedule, interacting with course content, participating in interactives, and completing practice activities, as well as drafting and revising assignments, preparing for quizzes and assessments, and taking exams.

To stay on track, we recommend using a pacing guide. You can find more information about pacing in the Course Resources section, along with helpful tools, technology support, and tips for online learning success.

As you begin, remember that online learning requires both independence and communication. Be curious, stay organized, and don’t hesitate to reach out to your teacher if you need support.

We’re excited to learn with you, and we’re happy you’re part of our Mizzou Academy community! 

Pacing

This course can be completed in as few as six weeks or take up to 6 months (180 calendar days). The six weeks are counted from the date of the first lesson submission and not the date of enrollment.

This course is asynchronous, meaning you can complete lessons and assignments at your own pace.

Most students spend approximately 10 hours per lesson interacting with course content, participating in interactive activities, and completing practice exercises, as well as drafting and revising assignments, preparing for quizzes and assessments, and taking exams. Your time may vary depending on your goals and learning style. 

We encourage you to work at a consistent pace, allowing time to absorb new ideas, build skills, and reflect on what you’ve learned. Use a pacing guide to plan ahead, stay organized, and finish strong. 

Course Description

This course is composed of 11 lessons. Each lesson contains the following sections:

  • Purpose—States the general goal of the lesson.
  • Objectives—Lists specific knowledge you will gain after completing the lesson and topics to keep in mind when studying for progress evaluations and exams.
  • Reading Assignment—Lists required reading for the lesson.
  • Commentary—The heart of the lesson. Elaborates on topics noted in the Objectives section, further develops readings from the Reading Assignment section, and may offer additional information not covered in the textbook or noted in the Objectives section.
  • Study Guide/Chapter Review—Ungraded assignments that help you review important concepts in the lesson. Excellent preparation tools for progress evaluations and exams. Because study guide and chapter reviews will not be graded, do not submit your answers to your instructor.

Course Essential Questions

 

 Essential Question

How do we calculate and manage the mathematical relationship between income, credit, and major living expenses to maintain a balanced personal budget?

Course Overview

Lesson

Objectives

Quiz

Assignment

1: Gross Income

Section 1-1 Calculate straight-time pay.
Section 1-2 Figure out straight-time, overtime, and total pay.
Section 1-3 Calculate the total hours on a weekly time card.
Section 1-4 Compute the total pay on a piecework basis.
Section 1-5 Determine the salary per pay period.
Section 1-6 Calculate the straight commission and determine the gross pay.
Section 1-7 Compute the total graduated commission.

20 multiple-choice questions 

No Assignment

2: Net Income

Section 2-1 Read tables to find the amount withheld for federal income tax.
Section 2-2 Compute the state taxes on a straight percent basis.
Section 2-3 Determine the state taxes on a graduated-income basis.
Section 2-4 Work out the amount of income withheld for Social Security and Medicare taxes.
Section 2-5 Calculate the deduction for group insurance.
Section 2-6 Figure net pay per pay period.

20 multiple-choice questions 

No Assignment

3: Record-keeping

Section 3-1 Compute the average monthly expenditure.
Section 3-2 Use records of past expenditure to prepare a monthly budget sheet.
Section 3-3 Compare amount budgeted to actual expenditures.

10 multiple-choice questions 

No Assignment

4: Checking Accounts

Section 4-1 Compute the total checking account deposit.
Section 4-2 Write a check.
Section 4-3 Figure out the balance in a check register.
Section 4-4 Calculate the present balance on a checking account bank statement.
Section 4-5 Reconcile a check register with a bank account statement.
Section 4-6 Compute online banking charges and update the check register.

15 multiple-choice questions 

No Assignment

5: Savings Accounts

Section 5-1 Complete a savings account deposit slip and compute the total deposit.
Section 5-2 Fill out a savings account withdrawal slip.
Section 5-3 Compute the new balance on a savings account statement.
Section 5-4 Calculate simple interest.
Section 5-5 Figure out the compound interest and the amount.
Section 5-6 Find compound interest using tables.
Section 5-7 Find interest for daily compounding.
Section 5-8 Compute the future value of an ordinary annuity and an annuity due.

20 multiple-choice questions 

No Assignment

Midterm Exam

6: Cash Purchases

Section 6-1 Compute the sales tax.
Section 6-2 Calculate the total purchase price.
Section 6-3 Figure out the unit price.
Section 6-4 Find the better buy based on unit price.
Section 6-5 Work out the final price after using a coupon or rebate.
Section 6-6 Solve for the dollar amount of the markdown.
Section 6-7 Compute the sales price when the markdown rate is known.

20 multiple-choice questions 

No Assignment

7: Charge Accounts and Credit Cards

Section 7-1 Calculate the new balance on a charge account.
Section 7-2 Find the finance charge by using the unpaid-balance method.
Section 7-3 Calculate the finance charge based on the average-daily-balance method where no new purchases are included.
Section 7-4 Compute the finance charge based on the average-daily-balance method where new purchases are included.

10 multiple-choice questions 

No Assignment

8: Loans

Section 8-1 Compute the maturity value and interest rate of a single-payment loan.
Section 8-2 Calculate the amount financed on an installment loan.
Section 8-3 Figure out the monthly payment, total amount repaid, and finance charge on an installment loan.
Section 8-4 Work out the payment to interest, payment to principal, and the new balance.
Section 8-5 Compute the final payment when paying off a simple-interest installment loan.
Section 8-6 Use a table to find the annual percentage rate of a loan.

15 multiple-choice questions 

No Assignment

9: Vehicle Transportation

Section 9-1 Compute the sticker price of a new vehicle. 
Section 9-2 Calculate the dealer's cost for a new vehicle.
Section 9-3 Figure the average retail price of a used vehicle.
Section 9-4 Use tables to compute the annual premium for vehicle insurance.
Section 9-5 Compute the total cost per mile of operating and maintaining a vehicle.
Section 9-6 Calculate the total cost of leasing a vehicle.
Section 9-7 Figure out the cost per mile of renting a vehicle.

20 multiple-choice questions 

No Assignment

10: Housing Costs 

Section 10-1 Compute the mortgage loan amount.
Section 10-2 Determine the monthly payment, total amount paid, and total interest charged.
Section 10-3 Figure the total closing costs.
Section 10-4 Compute the allocation of a monthly payment toward principal, interest, and the new principal.
Section 10-5 Calculate the assessed value and real estate taxes.
Section 10-6 Work out the amount of coverage.
Section 10-7 Calculate the annual homeowners insurance premium.
Section 10-8 Compute the total housing cost and compare it with suggested guidelines.

20 multiple-choice questions 

No Assignment

11: Insurance

Section 11-1 Compute health insurance premiums.
Section 11-2 Calculate the amount the patient pays for health care.
Section 11-3 Utilize tables to compute the annual premium for term life insurance.
Section 11-4 Apply tables to data to compute the annual premiums for three types of life insurance.

10 multiple-choice questions 

No Assignment

Final Exam

 

Grades

Your final grade will be based on the number of points you earn on submitted work and exams. The available points are distributed as follows:

Source Available Points
Lesson Quizzes 540
Midterm Exam 400
Final Exam 400
Total 1340

 

Textbook & Technology Requirements

To fully participate, make sure you have:

  • A computer that meets our Mizzou Academy technology requirements
  • A microphone and webcam for recording audio and video assignments
  • Any other required textbooks or materials for the course

Textbook

Mathematics with Business Applications, 5th edition. Walter H. Lange and Temoleon G. Rousos. New York, New York: Glencoe/McGraw-Hill, 2004.

Materials

For this course you will also need a hand-held calculator with the following basic keys:

  • Function keys: +, –, ×, ÷, %, =
  • Memory keys: M+, M–, CD, MR, MR/C, or RM/CM
  • Clear keys: C or the equivalent CE, CE/C, CL/C, AC

Technology

The most up-to-date requirements can be found here: 

Additional requirements for the course are below: 

  • audio and video recording capabilities (e.g., smartphone, camera)

If you ever have trouble accessing course materials or recording tools, reach out to your teacher for support. We are here to help!

Accessibility

If you anticipate barriers related to the format or requirements of this course, please let Mizzou Academy know as soon as possible. If disability-related accommodations are necessary (for example, a scribe, reader, extended time on exams, captioning), please contact Mizzou Academy.

Canvas Technical Support

Canvas will be used as the primary platform for accessing course materials and assignments for this class.

Course Summary:

Course Summary
Date Details Due