Quantitative Reasoning For Business – qrb501 (3 credits)
This course applies quantitative reasoning skills to business problems. Students learn to analyze data using a variety of analytical tools and techniques. Other topics include formulas, visual representation of quantities, time value of money, and measures of uncertainty.
Markup and Markdown and Trade and Cash Discounts
- Calculate the cost markup or markdown.
- Calculate trade discounts.
- Calculate the net price per unit.
- Calculate cash discounts.
- Prepare income statements.
- Conduct horizontal and vertical analysis of income statements.
- Prepare statements of cash flows.
- Perform trend analysis of statement of cash flows.
- Prepare balance sheets.
- Conduct horizontal and vertical analysis of balance sheets.
Time Value of Money Calculations
- Calculate simple interest using principal, rate, and time.
- Use present value and future value to compare and evaluate simple investment alternatives.
- Use net present value and internal rate of return to compare and evaluate capital alternatives.
- Analyze data using mean, median, and mode.
- Interpret charts, graphs, and indices.
- Create charts, graphs, and indices.
- Analyze data using variance and standard deviation.
Equations and Percents
- Use basic MicrosoftÂ® ExcelÂ® math functions.
- Use equations to solve problems.
- Format MicrosoftÂ® ExcelÂ® worksheets.
- Convert between percent, whole numbers, fractions, and decimals.
- Use the percentage formula to find the unknown value when two values are known.
- Calculate the percent increase or decrease between two numbers.
Applications of Business Math
- Apply business math principles to make finance and operational decisions.
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