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Business Mathematics OPMT 1110

Operations Management Course

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Course details

Reviews basic mathematics applicable to business and industry. Topics include consumer and commercial credit, simple and compound interest, financial instruments and discounting, annuities, mortgages, loans, sinking funds, leases, depreciation methods, capitalized costs, cash flow analysis, NPV and IRR. Emphasis is on maximum use of pre-programmed calculator and practical applications from the field of Financial Management.

Prerequisite(s)

  • No prerequisites are required for this course.

Credits

4.0

Cost

$98.11 - $643.38 See individual course offerings below for actual costs.

Course offerings

Spring/Summer 2023

Below are six offerings of OPMT 1110 for the Spring/Summer 2023 term.

CRN 60671

Duration

Start any time

  • 30 weeks
  • CRN 60671
  • $604.63
Continuous Entry, Distance or Online

This is an online learning course. Start any time. You have 30 weeks from the date you register to complete this course.

Instructor

Chris Kellman

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$604.63

Important information
  1. Internet delivery format.
  2. A textbook and a course manual must be purchased at: BCIT Bookstore or online at: www.bcitbookstore.ca/distance/ Students must submit email address when registering. To be successful in our online courses, plan to spend 7-10 hours per course each week on your studies, starting Week 1.
Status

CRN 61411

Duration

Start any time

  • 24 weeks
  • CRN 61411
  • $98.11
Continuous Entry, Distance or Online

This is an online learning course. Start any time. You have 24 weeks from the date you register to complete this course.

Instructor

Chris Kellman

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$98.11

Important information
  1. Available for re-registration (course extension) only.
  2. Departmental approval needed
  3. This section is a 24 week extension only for Distance Education students whose original 30 week time limit is about to expire. Students who need more time to complete the Distance Education course should contact Ruth_MacKay@bcit.ca
Status

Registration Options

Online registration for this course offering is not available. However, you can still register by phone.

CRN 56735

Duration

Tue May 02 - Tue Aug 08 (12 weeks)

  • 12 weeks
  • CRN 56735
  • $643.38
Class meeting times
Dates Days Times Locations
May 02 - Aug 08 Tue 13:30 - 17:00 Burnaby SW01 Rm. 2016
Instructor

Daniel Anvari

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$643.38

Important information
  1. This section is part of the Business Fundamentals (BFUN) Program (www.bcit.ca/study/programs/7985acert). As this is the case, the course will be taught in a way that accommodates the needs of English Language Learners. Please direct any inquiries to the Program Assistant, Sarah Chanway, at sarah_chanway@bcit.ca.
Status

CRN 21421

Duration

Tue May 30 - Thu Jul 13 (7 weeks)

  • 7 weeks
  • CRN 21421
  • $643.38
Class meeting times
Dates Days Times Locations
May 30 - Jul 13 Tue, Thu 09:00 - 12:30 Burnaby SE06 Rm. 205
Instructor

Myra Andrews

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$643.38

Important information
  1. This course is very intense. It is designed primarily for students who have taken a similar course and want to improve their grade.
Status

CRN 50482

Duration

Tue May 30 - Thu Jul 13 (7 weeks)

  • 7 weeks
  • CRN 50482
  • $643.38
Class meeting times
Dates Days Times Locations
May 30 - Jul 13 Tue, Thu 18:00 - 21:30 Burnaby SE06 Rm. 204
Instructor

Myra Andrews

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$643.38

Important information
  1. This course is very intense. It is designed primarily for students who have taken a similar course and want to improve their grade.
Status

CRN 66094

Duration

Tue Apr 11 - Tue Jun 27 (12 weeks)

  • 12 weeks
  • CRN 66094
  • $643.38
Class meeting times
Dates Days Times Locations
Apr 11 - Jun 20 Tue 18:00 - 22:00 Online
Jun 27 Tue 18:00 - 22:00 Burnaby SW01 Rm. 2009
Instructor

Leslie Major

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$643.38

Important information
  1. ***Please note that you will have to attend the exam in person and on campus June 27 at 1600 in Building SW01 Room 2005*** This course is online and synchronous, therefore it requires that you be online on posted days and times that are shown in your myBCIT schedule.
Status

Full

This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.

Learning Outcomes

Upon successful completion, the student will be able to:

  • Identify the problem (e.g., to choose the most economical equipment).
  • Formulate the problem elements into mathematical relationships and models.
  • Use appropriate technology to assist in problem solving.
  • Manipulate the relationship and models to provide a solution to the problem.
  • Approximate the solution.
  • Validate the solution.
  • Apply concepts of proportion and percent to business areas such as markup, discounts, budget allocation.
  • Utilize standard functions and graphical techniques to analyze relationships between quantities such as cost, revenue, production volume and profit.
  • Apply the concept of the time value of money.
  • Calculate interest, present and future values using simple interest.
  • Calculate interest, present and future values using compound interest.
  • Analyze interest rates by finding equivalent and effective rates.
  • Calculate payments, present and future values for annuities in budgeting and asset evaluation and for mortgages.
  • Calculate and compare interest on various forms of debt or investments.
  • Create and use amortization tables for various debt instruments.
  • Evaluate investment decisions using methods of payback and discounted cash flow such as net present value and internal rate of return.

Effective as of Fall 2005

Related Programs

Business Mathematics (OPMT 1110) is offered as a part of the following programs:

School of Business + Media

  1. Accounting
    Diploma Full-time
  2. Accounting
    Diploma Part-time
  3. Advanced Business Management
    Certificate Part-time
  4. Advanced Human Resource Management
    Certificate Part-time
  5. Advanced Marketing Management
    Certificate Part-time
  6. Business Administration (General Option)
    Diploma Part-time
  7. Business Administration (Global Studies Option)
    Diploma Part-time
  8. Business Administration (Human Resources Option)
    Diploma Part-time
  9. Business Administration (Management Option)
    Diploma Part-time
  10. Business Administration (Marketing Option)
    Diploma Part-time
  11. Business Fundamentals
    Associate Certificate Full-time
  12. Business Information Technology Management (Artificial Intelligence Management Option)
    Diploma Full-time
  13. Business Information Technology Management (Enterprise Systems Management Option)
    Diploma Full-time
  14. Business Management
    Diploma Full-time
  15. Business Operations Management
    Diploma Full-time
  16. Finance
    Diploma Full-time
  17. Finance
    Diploma Part-time
  18. Financial Management (Finance Option)
    Certificate Part-time
  19. Financial Management (Professional Accounting Option)
    Certificate Part-time
  20. Financial Planning
    Diploma Part-time
  21. Financial Planning
    Diploma Full-time
  22. Fire Executive Management
    BCIT/Industry Partnership Certificate Part-time
  23. General Insurance and Risk Management
    Diploma Full-time
  24. Global Trade and Transportation Management
    Diploma Full-time
  25. Human Resource Management
    Diploma Full-time
  26. International Trade and Transportation Logistics
    Certificate Part-time
  27. Marketing Management
    Certificate Part-time
  28. Marketing Management (Entrepreneurship Option)
    Diploma Full-time
  29. Marketing Management (Marketing Communications Option)
    Diploma Full-time
  30. Marketing Management (Professional Real Estate Option)
    Diploma Full-time
  31. Marketing Management (Professional Sales Option)
    Diploma Full-time
  32. Marketing Management
    Diploma Full-time
  33. Marketing Management
    Diploma Full-time
  34. Marketing Management (Tourism Management Option)
    Diploma Full-time
  35. Operations Management (Facilities Management Option)
    Certificate Part-time
  36. Operations Management (Industrial Engineering Option)
    Certificate Part-time
  37. Operations Management (Management Engineering Option)
    Certificate Part-time
  38. Operations Management (Materials Management Option)
    Certificate Part-time

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