BCIT is planning for a substantial return to on-campus activity for the fall 2021 term as informed by BC Public Health Officer guidelines. Refer to each course listing for details.
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. Alternatively, students can take OPMT1199 Business Math and Algebra which includes review of algebra and tutorials. This course is designed to support understanding and development of basic skills and is equivalent to OPMT1110 and OPMT0199 combined.
Credits
4.0
Cost
$618.11 - $629.54 See individual course offerings below for actual costs.
Available for re-registration (course extension) only.
Departmental approval needed
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
CRN 39561
Duration
Start any time
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.
A textbook and a course manual must be purchased at the BCIT Bookstore: 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.
Welcome to BCIT School of Business + Media. Please be advised of the following information about your Part-time Studies course. You have registered for a course that will be held entirely online, however this is a synchronous course which requires you to be online on the posted days and times shown on your myBCIT schedule. In this course, you will be using an online teaching tool called the Learning Hub, also known as D2L or Brightspace. The Learning Hub is where your instructor will share information, resources, assignments, deadlines and this is where you will submit your work, and communicate with both your instructor and classmates. Ensure that you are able to log in before your course starts. To log in, view your courses, set up notifications, and access the tools you need, please go directly to the Learning Hub at https://learn.bcit.ca/d2l/home. Access to this course will be available either on or shortly before the start date. It is important you have a stable and consistent internet connection to access course content. Please check the following link to ensure you meet the computer requirements for the class. https://www.bcit.ca/files/business/pdf/bcit-sobm-byod.pdf Now that you are registered for a course, please check your myBCIT account daily for messages from BCIT and/or your instructor https://my.bcit.ca/cp/home/displaylogin To learn what course materials you may need for this course, visit the BCIT Bookstore webpage www.bcit.ca/bookstore/. You may order textbooks and materials online, or if you prefer, visit the BCIT Burnaby campus to pick up your materials. Please visit the BCIT Bookstore webpage for more information. Please contact Student Help techhelp@bcit.ca for assistance with technical problems including login issues and password resets, as well as support for myBCIT and the Learning Hub. For further information on Part-time Studies at BCIT, please visit https://www.bcit.ca/part-time-studies/ or call Student Information & Enrolment Services at 604-434-1610, or toll free within Canada or US: 1-866-434-1610.
This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Status
This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.
Please note that 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 questions to the Program Assistant, Sarah Chanway at schanway@bcit.ca.
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:
Interested in being notified about future offerings of OPMT 1110 - Business Mathematics?
If so, fill out the information below and we'll notify you by email when courses for each new term are displayed here.
Registration is now open for the Winter 2022 term.
Classroom Locations
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.