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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)
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
$581.20 - $616.33 See individual course offerings below for actual costs.
Available for re-registration (course extension) only.
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@bcit.ca
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
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.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
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.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
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.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
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.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
No class on Monday Feb 15 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.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
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. .
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
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.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
This course offering has been cancelled. 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. 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. For details on technology requirements, please refer to https://www.bcit.ca/files/business/pdf/bcit-sobm-byod.pdf. Please send any inquiries regarding this section to the Program Assistant, Sarah Chanway at schanway@bcit.ca. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
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.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
This course offering is in progress. 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. If you wish to register, please add your name to the waitlist: https://sobptswaitlist.bcitsitecentre.ca/ No class April 2 (Good Friday). 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. For details on technology requirements, please refer to https://www.bcit.ca/files/business/pdf/bcit-sobm-byod.pdf. Please send any inquiries regarding this section to the Program Assistant, Sarah Chanway at schanway@bcit.ca.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
This course offering has been cancelled. Please check this page for other currently available offerings or subscribe to receive email updates.
Cancelled
Spring/Summer 2021
Below are nine offerings of this course for the Spring/Summer 2021 term.
CRN 60671
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: 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
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
}
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
Status
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
This course is very intense. It is designed primarily for students who have taken a similar course and want to improve their grade.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
}
Status
24 seats available as of Feb 25, 2021 10:49 pm (PST). Of these 24, 17 are currently reserved for domestic students only. Availability may change at any time.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
}
Status
20 seats available as of Feb 25, 2021 10:49 pm (PST). Of these 20, 15 are currently reserved for domestic students only. Availability may change at any time.
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
}
Status
22 seats available as of Feb 25, 2021 10:49 pm (PST). Of these 22, 17 are currently reserved for domestic students only. Availability may change at any time.
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 schanway@bcit.ca.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
}
Status
8 seats available as of Feb 25, 2021 10:49 pm (PST). Of these 8, 6 are currently reserved for domestic students only. Availability may change at any time.
No class on July 1st This course is very intense. It is designed primarily for students who have taken a similar course and want to improve their grade.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
}
Status
56 seats available as of Feb 25, 2021 10:49 pm (PST). Of these 56, 38 are currently reserved for domestic students only. Availability may change at any time.
No class on July 1st This course is very intense. It is designed primarily for students who have taken a similar course and want to improve their grade.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
}
Status
56 seats available as of Feb 25, 2021 10:49 pm (PST). Of these 56, 38 are currently reserved for domestic students only. Availability may change at any time.
Please direct any inquiries to the Program Assistant, Sarah Chanway, at schanway@bcit.ca.
Important course information will be sent to you prior to your course start
date. Check your myBCIT email account to
access this information.
Status
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
}
Status
15 seats available as of Feb 25, 2021 10:49 pm (PST). Of these 15, 11 are currently reserved for domestic students only. Availability may change at any time.
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 Winter 2021 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
Spring/Summer 2021
No information on books is currently available for Spring/Summer 2021 offerings of this course.
Subscribe
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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 Spring/Summer 2021 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.