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.
Equations and Percents
- 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.
- Use basic MicrosoftÂ® ExcelÂ® math functions.
Markup and Markdown and Trade and Cash Discounts
- Calculate trade discounts.
- Calculate the net price per unit.
- Calculate cash discounts.
- Calculate the cost markup or markdown.
- Interpret charts, graphs, and indices.
- Create charts, graphs, and indices.
- Analyze data using variance and standard deviation.
- Analyze data using mean, median, and mode.
- 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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Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.