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OPMT 1110 - Business Mathematics

Operations Management Part-time Studies Course

School of Business

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)

Algebraic skills to at least the Grade 11 level with a minimum 68% final mark. Students who do not have these skills should consider taking OPMT 0199 Math for Business or OPMT 0198 Business Math Assessment Test.

Credits

4.0

Cost

$571.52 - $588.01 See individual course offerings below for actual costs.

Winter 2018

Below are nine offerings of this course for the Winter 2018 term.

CRN 79516

Start any time

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

TBD – see Learning Outcomes in the interim

Cost

$92.06

Notes

  1. Available for re-registration (course extension) only.
  2. Departmental approval needed
  3. Students who need more time to complete OPMT 1110 will re-register in this section and have 24 additional weeks in which to complete their course. Please contact Ruth_MacKay@bcit.ca

Online registration for this course offering is not available. However, you can still register via phone, mail or in person.

Registration Options

CRN 79239

Start any time

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

Cost

$588.01

Notes

  1. Internet delivery format.
  2. Note: Students may register at any time through the year and have 30 weeks in which to complete the course. A textbook 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

CRN 73981

Tue Jan 09 - Tue Mar 27 12 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 09 - Mar 27 Tue 18:00 - 22:00 BBY SW01 Rm. 4076

Instructor

Trevor Jones

Course Outline

Cost

$588.01

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

In Progress

CRN 78486

Tue Jan 09 - Thu Mar 01 8 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 09 - Mar 01 Tue/Thu 09:00 - 12:00 DTC Rm. 483

Instructor

Germain Tanoh

Course Outline

Cost

$571.52

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

In Progress

CRN 78621

Tue Jan 09 - Tue Apr 10 14 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 09 - Apr 10 Tue 12:30 - 16:00 BBY NE01 Rm. 404

Instructor

Daniel Anvari

Course Outline

Cost

$588.01

Notes

  1. Students should be aware that this section will be taught along with international students in the IBMS program, and the course may be modified from other sections of PTS study to meet their needs (such as having a longer format and language issues may occur).

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

In Progress and Full

CRN 73982

Thu Jan 11 - Thu Mar 29 12 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 11 - Mar 29 Thu 17:30 - 21:30 DTC Rm. 840

Instructor

Germain Tanoh

Course Outline

Cost

$571.52

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

In Progress

CRN 13780

Fri Jan 12 - Fri Apr 06 12 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 12 - Apr 06 Fri 08:30 - 12:30 DTC Rm. 483

Instructor

Germain Tanoh

Course Outline

Cost

$571.52

Notes

  1. No class on Friday, March 25 (Good Friday)

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

In Progress

CRN 78626

Fri Jan 12 - Fri Apr 20 14 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 12 - Apr 20 Fri 08:30 - 12:00 BBY NE01 Rm. 209

Instructor

Daniel Anvari

Course Outline

Cost

$588.01

Notes

  1. Students should be aware that this section will be taught along with international students in the BMS program, and the course may be modified from other sections of PTS study to meet their needs. Please note there is no class on Friday, March 30 (Good Friday)

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

In Progress

CRN 41328

Sat Jan 13 - Sat Mar 31 12 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 13 - Mar 31 Sat 08:30 - 12:30 BBY

Instructor

TBD

Course Outline

Cost

$588.01

This course offering has been cancelled. Please check this page for other currently available offerings or subscribe to receive email updates.

Cancelled

Spring/Summer 2018

Below are six offerings of this course for the Spring/Summer 2018 term.

CRN 56011

Tue Apr 10 - Thu May 31 8 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 10 - May 31 Tue/Thu 18:00 - 21:00 BBY SE06 Rm. 114

Instructor

TBD

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$588.01

Notes

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

CRN 58983

Mon Apr 30 - Mon Jul 30 14 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 30 - Jul 30 Mon 13:30 - 17:20 BBY NE01 Rm. 404

Instructor

TBD

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$588.01

Notes

  1. Students should be aware that this section will be taught along with international students in the IBMS program, and the course may be modified from other sections of PTS study to meet their needs (such as having a longer format and language issues may occur). NOTE: There WILL NOT be a class on Monday, May 22 (Victoria Day) and Monday July 3 (Canada Day in lieu).

CRN 59831

Fri May 04 - Fri Aug 03 12 Weeks

Class Meeting Times

Dates Days Times Locations
May 04 - Aug 03 Fri 13:30 - 17:30 BBY SW03 Rm. 2745

Instructor

Judy Li

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$588.01

Notes

  1. Students should be aware that this section will be taught along with international students in the IBMS program, and the course may be modified from other sections of PTS study to meet their needs (such as having a longer format and language issues may occur).

CRN 21421

Tue May 29 - Thu Jul 05 6 Weeks

Class Meeting Times

Dates Days Times Locations
May 29 - Jul 05 Tue/Thu 09:00 - 13:00 BBY SE06 Rm. 206

Instructor

Myra Andrews

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$588.01

Notes

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

CRN 50482

Tue May 29 - Thu Jul 05 7 Weeks

Class Meeting Times

Dates Days Times Locations
May 29 - Jul 05 Tue/Thu 18:00 - 22:00 BBY SE06 Rm. 205

Instructor

Myra Andrews

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$588.01

Notes

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

CRN 58981

Mon Jul 30 - Mon Aug 27 4 Weeks

Class Meeting Times

Dates Days Times Locations
Jul 30 - Aug 27 Mon/Tue/Wed/Thu 13:30 - 16:30 BBY SE06 Rm. 206
Aug 13 - Aug 14 Mon/Tue 13:30 - 16:30 BBY SE06 Rm. 109

Instructor

TBD

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$588.01

Notes

  1. Students should be aware that this section will be taught along with international students in the IBMS program, and the course may be modified from other sections of PTS study to meet their needs (such as having a longer format and language issues may occur).

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

OPMT 1110 is offered as a part of the following programs:

School of Business

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

Books & Supplies

The BCIT bookstore carries textbooks, general reference books, software, and stationery. Please visit bcit.ca/bookstore for more information.

Winter 2018

Books for Winter 2018 offerings of this course are available in the following BCIT online bookstores. Please choose the bookstore appropriate for the offering you are considering.

BCIT Downtown Campus Bookstore

If you are taking this course at the BCIT Downtown Campus (DTC), please purchase books for this course at the BCIT Downtown Campus Bookstore.

PT

Image not available
Business Mathematics (Dec 2017)
Author Opmt:Mallory, Gruen, Kellman
Publisher Roy
Binding Paperback
Price $29.95
Required

PT 78486

Image not available
Contemporary Business Mathematics W. Cdn Apps + Mymathlab W. Etext-Loose Leaf
Author Hummelbrunner
Publisher Ph
Copyright 2018
Binding Looseleaf
ISBN 978-0-13479-715-1
Price $120.50
Choose One

Image not available
Mymathlab For Hummelbrunner's Contemporary Math W. Etext
Author Hummelbrunner
Publisher Ph
Copyright 2018
Binding Digital Version
ISBN 978-0-13458-721-9
Price $103.95
Choose One

BCIT Distance & Online Learning Bookstore

If you are taking this course through either Distance Education or Online Learning, please purchase books for this course at the BCIT Distance & Online Learning Bookstore.

Image not available
Business Mathematics (Dec 2017)
Author Opmt:Mallory, Gruen, Kellman
Publisher Roy
Binding Paperback
Price $29.95
Required

BCIT Burnaby Bookstore

If you are taking this course, but are not taking it through either Distance Education or Online Learning, nor at the BCIT Downtown Campus (DTC), please purchase books for this course at the BCIT Burnaby Bookstore.

PT

Image not available
Contemporary Business Mathematics W. Cdn Apps + Mymathlab W. Etext-Loose Leaf
Author Hummelbrunner
Publisher Ph
Copyright 2018
Binding Looseleaf
ISBN 978-0-13479-715-1
Price $120.50
Choose One

Image not available
Mymathlab For Hummelbrunner's Contemporary Math W. Etext
Author Hummelbrunner
Publisher Ph
Copyright 2018
Binding Digital Version
ISBN 978-0-13458-721-9
Price $103.95
Choose One

PT 41328

Image not available
Business Mathematics (Dec 2017)
Author Opmt:Mallory, Gruen, Kellman
Publisher Roy
Binding Paperback
Price $29.95
Required

PT 73981

Image not available
Business Mathematics (Dec 2017)
Author Opmt:Mallory, Gruen, Kellman
Publisher Roy
Binding Paperback
Price $29.95
Required

Spring/Summer 2018

Books for Spring/Summer 2018 offerings of this course are available in the following BCIT online bookstores. Please choose the bookstore appropriate for the offering you are considering.

BCIT Distance & Online Learning Bookstore

If you are taking this course through either Distance Education or Online Learning, please purchase books for this course at the BCIT Distance & Online Learning Bookstore.

Image not available
Business Mathematics (Dec 2017)
Author Opmt:Mallory, Gruen, Kellman
Publisher Roy
Binding Paperback
Price $29.95
Required

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