Course info

This course is designed to equip students with the skills necessary to apply mathematics to solve on-the-job problems. Students will attain solid mathematical skills, connect mathematics to their everyday lives, appreciate its role in the development of society, see the importance of thinking skills in everyday problems, and discover the fun of doing mathematics and reinforce their positive attitudes to it.
STUDENT LEARNING OUTCOMES

Upon successful completion of this course, students will be able to:
• Manipulate basic operations.
• Solve problems involving percentages, fractions and decimals
• Calculate gross pay for hourly-rate employees
• Compute overtime pay rates
• Calculate salary regular and overtime
• Compare hourly pay and salary
• Calculate gross pay for salaried employees
• Calculate commission earnings
• Find the rate of commission
• Calculate National Insurance deductions and Net Pay
• Calculate Simple and Compound Interest
• Prepare a deposit slip
• Record entries in a check register
• Reconcile a bank statement and check register
• Identify important information about credit card terms and conditions
• Calculate the new balance on a credit card
• Calculate the cost of using a credit card
• Calculate finance charges for using a credit card/cash advances
• Calculate down payment, closing costs and mortgage loan amount
• Calculate the total interest cost of a mortgage loan
• Calculate and compare the costs of home ownership/ renting home or apartment
• Calculate property taxes
• Calculate property Insurance
• Calculate the cost of recruiting new employees
• Calculate the cost of wage and salary increases
• Prepare Income Statements
• Calculate net sales, cost of goods, gross and net profit
• Prepare Balance Sheets
• Calculate total assets, liabilities and equity