Business+Mathematics+-+MAT+1310

** Fall 2009 • MWF (1:00-1:50) • Room: CE102 ** Amy Karen Downey • Instructor Contact Information: amykarendowney@yahoo.com Appointment Schedule: Mondays and fridays (11:00-12:00 p.m.); Tuesdays and Thursdays (1:00-3:00 p.m.); and Wednesdays (2:00-3:00 p.m.) ** College Mission Statement: ** Arlington Baptist College endeavors to prepare men and women for Christian life and ministries, both lay and professional, through studies in Bible, general education, church vocations, practical service, integrating faith and learning in the context of a Christian world view. ** I. **** COURSE DESCRIPTION**
 * Business Mathematics (MAT 1310) **

The student will be introduced to basic algebra as it is used in business. Many practical applications such as insurance, tax rates, mortgage, credit interest and investments are studied. Prerequisite: MAT 0390 or placement test.

· Challenge the student to increase their mathematical competence · Familiarize students with concepts that are needed to make the best decisions in personal finance, as well as business (church) finance. · Familiarize students with budgeting. · Encourage students to prepare for their financial future using knowledge of income, taxes, interest, charge accounts, and insurance. · Enable students to be aware of tax laws and ramifications as it relates to being an honorable minister (in whatever capacity they may serve)
 * II. COURSE GOALS (for the instructor) **

·  Understand the process involved in writing checks correctly and balancing a checkbook. ·  Be familiar with determination of net value of a paycheck. ·  Have a general knowledge of loans and credit cards to be a competent consumer. · Be acquainted with budgets and the flexibility of their categories. · Be acquainted with the items involved in the escrow and how the amounts are determined. Have a general knowledge of the stock report in the newspaper. ·  Develop a working knowledge of the expectations and requirements that local, state and federal governments have towards non-profit organizations · Write checks and balance a checkbook with 100% accuracy. · Explain at least three items that are deducted from your paycheck and how the amounts are derived. · Compute the amount of interest charged on loans and credit cards with 100% accuracy. · Explain in detail six reasons for your chosen categories and the amounts assigned to each in your budget. Produce a list of at least four items involved in the escrow payment when purchasing a piece of property. <span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Symbol; msobidifontfamily: Symbol; msobidifontsize: 12.0pt; msofareastfontfamily: Symbol; msolist: Ignore;">· When given a section of the stock market report, be able to report and analyze five pieces of data concerning a specific stock. <span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-size: 12.0pt; mso-fareast-font-family: Symbol; msobidifontfamily: Symbol; msobidifontsize: 12.0pt; msofareastfontfamily: Symbol; msolist: Ignore;">· Analyze and apply the importance of basic statistics, interpret circle graph, bar graph, line graph, histogram, frequency distribution, and perform mode, median and mean to their calling as a minister of the Gospel <span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; msobidifontfamily: Symbol; msofareastfontfamily: Symbol; msolist: Ignore;">· Produce a sample of a 501(c)(3) application for evaluation and consideration by the instructor and/or outside financial experts
 * III. INSTRUCTIONAL GOALS (for the student) **
 * IV. INSTRUCTIONAL OBJECTIVES (demonstration of achievement of the instructional goals) **

Aufmann, Barker, and Lockwood. //Business Mathematics//, 2nd ed. Houghton-Mifflin.
 * V. REQUIRED READING FOR THE COURSE **
 * VI. COURSE REQUIREMENTS and GRADING SCALE **
 * PLEASE NOTE THAT IT IS THE STUDENT’S RESPONSIBILITY TO READ **
 * THE SYLLABUS AND MAKE NOTE OF ALL ASSIGNED TESTS AND HOMEWORK ASSIGNMENTS. **
 * SPECIAL NOTE CONCERNING ASSIGNMENTS:** **__Assignments are due on the day and at the class time assigned in the syllabus__**, unless adjusted by the professor. Failure to submit class assignments at the beginning of the class will result in an automatic 25 point deduction. The student will be deducted an additional 25 points if the assignment is submitted the next day and will not be accepted after the second day. The professor **will not** accept any student assignment after the two day “grace period”.

<span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; msobidifontfamily: Symbol; msofareastfontfamily: Symbol; msolist: Ignore;">· Grade Breakdown <span style="font-family: 'Courier New'; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o Business Case Studies – 15% <span style="font-family: 'Courier New'; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o Homework – 20% <span style="font-family: 'Courier New'; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o Chapter Tests – 20% **(No calculators on certain portions of the tests)** <span style="font-family: 'Courier New'; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o Comprehensive Final – 20% **(No calculators on certain portions of the tests)** <span style="font-family: 'Courier New'; mso-fareast-font-family: 'Courier New'; msofareastfontfamily: 'Courier New'; msolist: Ignore;">o 501(c)(3) Assignment – 25% **(Additional details on this assignment will be given later in the semester)**

B (92-85) C (84-76) D (75-70) F (69-0)
 * GRADING SCALE:** A (100-93)

A. Lectures (utilizing PowerPoint as well as other options such as handouts) B. Guest Lecturers from Financial Experts C. Class Discussion, Daily Assignments, and “Board” Work in Class D. Videos, DVDs and/or Audio Presentations
 * VII. TEACHING TOOLS/METHODS FOR THE COURSE **

|| Review of the Syllabus || || || ** Exercise 2.2F and 2.3E ** || || ** Business Case Study (page 65) ** || || ** Exercise 3.1C and 3.2E ** || || ** Exercise 3.3B ** || || ** Business Case Study (page 101) ** || || || || ** Exercise 5.2A (even number problems) and 5.3B (even number problems) ** || || ** Business Case Study (page 145) ** || || ** Exercise 6.2B (27-37) ** || || ** Exercise 6.4A (even numbers) and 6.4C (even numbers) ** || || ** Chapter Nine: 9.1A, 9.2A, 9.2B and 9.3A ** || ** Business Case Study (page 179) ** || || ** Paycheck Questions for Ministers – Social Security, Allowances, Retirement, etc. ** || || || ** Chapter Nine Exam ** || ** Exercise 9.1A (even numbers) and 9.3A (even numbers) ** || || ** Chapter Ten: 10.1A and 10.1B ** || || || ** Chapter Ten: 10.2A ** || ** Exercise 10.1A and 10.1B (even numbers) ** || || ** NO CLASS TODAY ** || || || ** Chapter Ten: 10.3A, 10.3B, and 10.3C ** || ** Exercise 10.2A (even numbers) ** || || ** Chapter Ten Exam ** || ** Business Case Study (page 314) ** || || ** NO CLASS TODAY ** || || || ** Chapter Eleven: 11.1 and 11.2 ** || || || ** Retirement for Ministers? How? When? ** || || || ** Chapter Eleven Exam ** || ** Business Case Study (page 347) ** || || ** Chapter Twelve: 12.1 ** || || || ** Chapter Twelve: 12.2 ** || ** Exercise 12.1A (even numbers) ** || || ** INTRODUCTION TO UNDERSTANDING NON-PROFIT ENTITY REQUIREMENTS ** || || || ** Chapter Twelve: 12.3 ** || ** Exercise 12.2B (even numbers) ** || || ** Chapter Twelve Exam ** || ** Business Case Study (page 383) ** || || ** CONTINUED INTRODUCTION TO UNDERSTANDING NON-PROFIT ENTITY REQUIREMENTS ** || || || ** IN-CLASS LIBRARY WORK – BEGIN TO RESEARCH YOUR “NON-PROFIT” ORGANIZATION ISSUES ** || || || || || || || ** Chapter Fifteen: 15.1 ** || || || ** Chapter Fifteen: 15.2 and 15.3 ** || ** Exercise 15.1A (even numbers) and 15.1C (even numbers) ** || || ** Chapter Fifteen Exam ** || ** Exercise 15.2A (numbers 1-20), 15.2B (numbers 35-56), and Exercise 15.3A-C (even numbers) ** || || ** Chapter Seventeen: 17.1 ** || ** Business Case Study (page 480) – choose one of the three case options ** || || ** Chapter Seventeen: 17.2 and 17.3 ** || ** Exercise 17.1 (even numbers between 9 and 36) ** || || ** Chapter Seventeen Exam ** || ** Exercise 17.2B (even numbers between 23 and 32) and Exercise 17.3 (numbers 11-16) ** || || ** IN-CLASS LIBRARY WORK – WORK ON “NON-PROFIT” ASSIGNMENT ** || || || ** Chapter Eighteen: 18.1 and 18.2 ** || || || ** Chapter Eighteen: 18.3 ** || ** Exercise 18.1A (all questions) ** || || ** Chapter Eighteen Exam ** || ** Exercise 18.3A (all questions) ** || || ** IN-CLASS LIBRARY WORK – WORK ON “NON-PROFIT” ASSIGNMENT ** || ** Business Case Study (page 571) ** || || ** Class Review for Final Exam ** || ** 501(c)(3) Assignment Due ** ||
 * VIII. COURSE SCEDULE **
 * ** Date ** || ** Topic(s) for Analysis/Discussion ** || ** Due Dates and Miscellaneous **
 * January 11 || Introduction to the Course
 * January 13 || ** Chapter Two: 2.2 and 2.3 ** || ||
 * January 15 || ** Chapter Two Exam **
 * January 18 || ** Chapter Three: 3.1 and 3.2 **
 * January 20 || ** Chapter Three: 3.3 **
 * January 22 || ** Chapter Three Exam **
 * January 25 || ** Chapter Four: In-Class Discussion of Business Case Study (p. 123) **
 * January 27 || ** Chapter Five: 5.2 and 5.3 **
 * January 29 || ** Chapter Five Exam **
 * February 1 || ** Chapter Six: 6.1 and 6.2 **
 * February 3 || ** Chapter Six: 6.3 and 6.4 **
 * February 5 || ** Chapter Six Exam **
 * February 8
 * February 10
 * (GUEST LECTURE/PRESENTATION) **
 * February 12
 * February 15
 * February 17
 * February 19
 * February 22
 * February 24
 * February 26
 * March 1
 * March 3
 * (GUEST LECTURE/PRESENTATION) **
 * March 5
 * March 15
 * March 17
 * March 19
 * March 22
 * March 24
 * March 26
 * March 29
 * March 31 || ** Timothy Day – NO CLASS TODAY **
 * April 2 || ** Good Friday – NO CLASS TODAY **
 * April 5
 * April 7
 * April 9
 * April 12
 * April 14
 * April 16
 * April 19
 * April 21
 * April 23
 * April 26
 * April 28
 * April 30
 * ** Final Exam Week ** || ** COMPREHENSIVE FINAL EXAM OVER CHAPTERS 1-9, 11 ** || ||

A. After the homework and/or evaluation assignment is graded, and if the grade is not satisfactory, the student may redo the assignment. This repetition of homework may only be done twice until a final grade is determined. B. **__ALL HOMEWORK WILL BE WRITTEN IN PENCIL WITH A PROPER HEADING WHICH INCLUDES NAME AND EXERCISE INFORMATION__** C. All assignments which include the use of Biblical passages will conform to the guidelines of Arlington Baptist College and be from the King James Version. D. Arlington Baptist College dress code will be respected and enforced.
 * IX. MISCELLANEOUS ITEMS **