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
$593.85 - $603.08 See individual course offerings below for actual costs.
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
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.
Available for re-registration (course extension) only.
Departmental approval needed
Departmental Approval Needed - 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 Ruth_Mackay@bcit.ca
This section of the course requires DEPARTMENTAL APPROVAL to enter, because it is run concurrently with the Business Fundamentals (BFUN) Program. Priority is given to students who have joined the program: https://www.bcit.ca/study/programs/7985acert, but we anticipate some seats will be released for general enrolment If the program is not showing “full”, then there are seats available for general registration. If you wish to enter this course, please email the Program Assistant, Sarah Chanway at schanway@bcit.ca with your name, student ID number and the CRN of the course that you would like to register in. Registration will not be permitted without proof of a minimum English level of IELTS 6.0 (or equivalent) and Grade 11 Math with a final grade of at least 68%. For details on English requirements, please see https://www.bcit.ca/admission/english.shtml. Information on math competency testing and upgrading is available at https://www.bcit.ca/cas/math/.
Status
This course offering is in progress and full. Please check this page for other currently available offerings or subscribe to receive email updates.
This section of the course requires DEPARTMENTAL APPROVAL to enter, because it is run concurrently with the Business Fundamentals (BFUN) Program. Priority is given to students who have joined the program: https://www.bcit.ca/study/programs/7985acert, but we anticipate some seats will be released for general enrolment If the program is not showing “full”, then there are seats available for general registration. If you wish to enter this course, please email the Program Assistant, Sarah Chanway at schanway@bcit.ca with your name, student ID number and the CRN of the course that you would like to register in. Registration will not be permitted without proof of a minimum English level of IELTS 6.0 (or equivalent) and Grade 11 Math with a final grade of at least 68%. For details on English requirements, please see https://www.bcit.ca/admission/english.shtml. Information on math competency testing and upgrading is available at https://www.bcit.ca/cas/math/. Please note: There will be no class on Monday, May 20th (Victoria Day), and on Monday July 1st (Canada Day), or August 5th (BC Day)
Status
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
This section of the course requires DEPARTMENTAL APPROVAL to enter, because it is run concurrently with the Business Fundamentals (BFUN) Program. Priority is given to students who have joined the program: https://www.bcit.ca/study/programs/7985acert, but we anticipate some seats will be released for general enrolment If the program is not showing “full”, then there are seats available for general registration. If you wish to enter this course, please email the Program Assistant, Sarah Chanway at schanway@bcit.ca with your name, student ID number and the CRN of the course that you would like to register in. Registration will not be permitted without proof of a minimum English level of IELTS 6.0 (or equivalent) and Grade 11 Math with a final grade of at least 68%. For details on English requirements, please see https://www.bcit.ca/admission/english.shtml. Information on math competency testing and upgrading is available at https://www.bcit.ca/cas/math/.
Status
This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.
Full
Fall 2019
Below are eight offerings of this course for the Fall 2019 term.
The following calculator is required for this course: BA II Plus / Financial Calculator by Texas Instruments. No class on Saturday November 11th (Remembrance Day).
Status
This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.
Full
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:
Books for Spring/Summer 2019 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.
Business Mathematics (Dec 2017)
Author
Opmt: Mallory
Binding
Paperback
Price
$29.95
Required
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.
Business Mathematics (Dec 2017)
Author
Opmt: Mallory
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.
Business Mathematics (Dec 2017)
Author
Opmt: Mallory
Binding
Paperback
Price
$29.95
Required
Fall 2019
Books for Fall 2019 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.
Business Mathematics (Dec 2017)
Author
Opmt: Mallory
Binding
Paperback
Price
$29.95
Required
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Classroom locations are subject to last minute changes. Please check the Part-time Studies Classroom Locations listing at www.bcit.ca/rooms on the first day of any course you are registered for.
