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.
This graduate-level course is 6 weeks. This course is available to take individually or as part of a degree or certificate program. To enroll, speak with an Enrollment Representative.

Equations and Percents

  • Use equations to solve problems.
  • Use basic Microsoft® Excel® math functions.
  • Format Microsoft® Excel® 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.

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.

Business Statistics

  • Interpret charts, graphs, and indices.
  • Create charts, graphs, and indices.
  • Analyze data using mean, median, and mode.
  • Analyze data using variance and standard deviation.

Financial Statements

  • Prepare balance sheets.
  • Conduct horizontal and vertical analysis of balance sheets.
  • Prepare income statements.
  • Conduct horizontal and vertical analysis of income statements.
  • Prepare statements of cash flows.
  • Perform trend analysis of statement of cash flows.

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.

Applications of Business Math

  • Apply business math principles to make finance and operational decisions.

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