Business Math
3h 27 min! Run Time
Employees
only
of Completion
What you'll learn
Skills covered in this course
Description
In the business world, you might be surprised by how often you actually use math.
What this course covers:
- Where math shows up in everyday business work
- Why math matters to the way a business runs
- Working past the "when am I ever going to use this?" reaction
- Strategies for handling math you once found intimidating
Math, framed around the way it's really used at work.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Business Math
Addition and subtraction are the most commonly used math operations in daily life, which makes understanding how to perform them worth the time. This course covers common terms along with how to carry out basic addition and subtraction.
What this course covers:
- Why addition and subtraction are the operations you use most
- Common terms used in addition and subtraction
- How to perform basic addition
- How to perform basic subtraction
Part of the Introduction to Math series, suited to learners building or refreshing foundational number skills. No prior maths study is assumed.
Once you finish school, most of the math you meet comes as word problems, where you have to work out how to solve them from the words alone.
What this course covers:
- Why everyday math shows up as word problems
- How to read a word problem for clues
- Which words point to which math operation
- Choosing the right operation to solve the problem
Build the skills to tackle word problems with confidence.
You estimate more often than you think, from grocery bills to tipping.
What this course covers:
- What estimation is and how it differs from exact calculation
- Everyday examples like budgeting a grocery trip or rounding a tip
- How to estimate quickly and reliably
- When estimation is useful in a business setting
You will build a practical skill you can use every day at work.
When we talk about finding averages, we usually mean one of three values: the mean, the median, or the mode.
What this course covers:
- What the mean, median, and mode each represent
- How to calculate each type of average
- Why each average is useful
- Using averages to spot what is normal and make predictions
A clear introduction to the everyday math of averages.
This short lesson introduces inequalities and how we compare numbers with one another.
What this course covers:
- What inequalities are
- Comparing numbers as greater than or less than one another
- Building the number sense behind these comparisons
You will leave with a clear foundation for working with inequalities.
Multiplication and division are quick ways to add groups of numbers together or split a group into even parts, and a few strategies make them far easier.
What this course covers:
- The terms used in multiplication and division
- How the two operations relate to each other
- Strategies to master equations
- Working with groups and subgroups of numbers
Strengthen your math foundations, self-paced on Coggno.
Positive and negative numbers appear everywhere, from temperatures to bank balances. This short lesson helps you get comfortable with both.
What this course covers:
- What positive and negative numbers are
- How positive and negative numbers are used
- Practical examples you meet in everyday life
- Building confidence with the underlying concept
It is a friendly starting point for anyone brushing up on the basics of math.
If you understand fractions, you are ready to explore an alternative way to handle non-whole numbers.
What this course covers:
- What decimals are
- How decimals relate to fractions
- How to use decimals in everyday equations
By the end of the lesson, you will know what decimals are and how to work with them.
In math we often work with whole numbers, but what happens when things do not divide evenly? This course introduces fractions and how they help you handle the leftovers.
What this course covers:
- What a fraction is and why we use one
- The parts that make up a fraction
- How fractions handle remainders in division
- Using fractions to split things evenly
You will gain a clear, working understanding of fractions and how to use them.
Fractions and decimals both express parts of a whole. This short course introduces one more way to do the same thing: percentages.
What this course covers:
- How percentages relate to fractions and decimals
- What a percentage actually represents
- How to use percentages in everyday situations
By the end, you will know what percentages are and how to work with them.
Get comfortable with the metric system, the measurement standard used around the world.
What this course covers:
- Why the metric system matters even in the United States
- Basic metric vocabulary and definitions
- Common conversions between the Imperial and metric systems
- Practical ways to apply metric measurement day to day
You'll finish able to read and convert metric measurements with confidence.
Investing is a powerful way to put your money to work, but a solid foundation matters before you begin.
What this course covers:
- Why investing helps your money work for you
- Understanding risk and reward levels
- Basic types of investment
- The easiest ways to start investing at any income or experience level
Get grounded in the fundamentals of investing.
The earlier you start planning and saving for retirement, the better, and this course covers the basics to help set you on that path.
What this course covers:
- How Social Security fits into your retirement
- The essentials of 401(k) plans
- How Individual Retirement Accounts (IRAs) work
- What sets a Roth IRA apart
You will finish with a clearer picture of the main ways to save for retirement.
Your first paycheck is exciting, but the deposit amount is only part of the story.
What this course covers:
- Why the rest of your paystub matters
- Understanding the numbers beyond your net pay
- Knowing where each dollar you earn is going
Read your paystub with confidence.
Your paycheck is only as powerful as your intentions for how to spend it. This course introduces budgeting strategies to help you make the most of every penny you earn.
What this course covers:
- Why budgeting matters from your very first paycheck
- Setting clear intentions for how you spend
- Simple strategies to stretch every dollar you earn
Start building smart money habits early in your career.
New job paperwork can be intimidating, and the IRS Form W-4 is one of the first forms you'll face. This course walks through it together.
What this course covers:
- What the W-4 form is and why every U.S. job requires it
- A step-by-step walk through each section
- How to simplify a form that looks complicated at first
- Filling it out with confidence
Complete your W-4 without the guesswork.
Not all job offers are equal. This course helps you weigh the factors that determine whether an offer fits your life.
What this course covers:
- The main components of a total compensation package
- What you receive in exchange for your time and expertise
- Non-compensation elements to weigh when evaluating an offer
Make sense of the numbers before you accept your next job offer.
Your salary can translate into a very different way of life when you move to a new geographic market. This course helps you weigh a job offer with that in mind.
What this course covers:
- Why the same salary can mean a different lifestyle in a new market
- How to determine the average cost of living for a location
- How to factor cost of living into a job offer decision
You will finish able to compare offers with a clear picture of real value.
Health insurance can be complicated, and this course breaks down the basics so you can make more confident decisions.
What this course covers:
- Key health insurance terms explained in plain language
- The different kinds of insurance plans available
- Points to consider when comparing plans
- How the basics apply when evaluating a job offer's benefits
You will finish able to understand health insurance fundamentals and weigh your coverage options.
Ratios, proportions, and percentages are all methods of comparing data, and each one is suited to a different kind of comparison. This program defines each of the three and discusses the purposes they serve.
What this course covers:
- What a ratio is and what it is used to compare
- What a proportion is and where it applies
- What a percentage is and how it expresses a comparison
- Choosing between the three depending on the comparison you need
Part of the Specialized Math series, for learners who need to work with comparative figures at work. Definitions come first, so no prior familiarity is required.
In the world of marketing, one of the most important skills is understanding mark-ups and mark-downs. These two factors help determine potential for profits and drive potential sales. After watching this course, you'll understand how to calculate mark-ups and mark-downs to maximize profits.
For businesses that sell products, knowing how to calculate the cost associated with creating those products is a vital part of understanding how to reduce costs and maximize profits. Here we'll cover the two kinds of production costs: fixed costs and variable costs. Then we'll use that information to calculate unit costs and do a break-even analysis.
Understanding interest is essential for making smart financial decisions, whether you are saving money or paying down a loan.
What this course covers:
- The difference between simple and compound interest
- How to calculate simple interest
- How to calculate compound interest
- Applying both to real saving and borrowing scenarios
A focused lesson for stronger everyday financial decisions.
Figuring out what to charge for your products is one of the most important parts of running a successful business. If your price is too high, your sales will suffer. If you underprice your products, you won't earn as much money as you should, and you'll sacrifice potential for growth. In this program, you will learn effective strategies for pricing your products.
If you've ever had a savings account or taken out a mortgage to buy a home, you're probably familiar with the term "interest." In this program, we're going to discuss interest and interest rates. We'll cover how interest rates are determined, and how they can impact the economy.
When it comes to running a business, one of the most important tasks is inventory management. This course covers the components of managing inventory along with strategies for carrying that management out in practice.
What this course covers:
- Why inventory management is central to running a business
- The components that make up inventory management
- Strategies for carrying out those components day to day
- Applying inventory basics in a working environment
Part of the Specialized Math series, aimed at employees and owners responsible for stock. A practical starting point for anyone new to inventory work.
Whether we're talking about our paychecks or how much a business makes in profit, there's often a difference between the initial amount made and what we get to keep. In this program, you'll learn the difference between gross and net, and what it means when it comes to employee paychecks, as well as business income.
Sometimes in life we encounter situations where we need a little more cash than we have on hand. Whether it's to buy a car or a house or to make a large purchase, when we take advantage of the availability of someone else's money for a set period of time, it's called a loan. In this course, we're going to learn how loans work so you can make informed decisions about when it's wise to take out a loan and when it's not.
When it comes to judging the success of a business, how much money it makes is one of the key factors. But there's a lot more that goes into determining how successful or viable a business is. In this program, we're going to look at two of those measures: profits and profit margins.
In business, as in life, sometimes we have to give a little to get something back. At its simplest, that's what a return on investment, or ROI, is. In this program, we'll discuss how to calculate ROI, what the limitations of ROI are when comparing the profitability of investments, and using rate of return.
This first course starts with the basics and the vocabulary the rest of the series depends on.
What this course covers:
- What statistics is: collecting, organizing, and analyzing data
- Important statistical terms, defined
- The basics the rest of the series builds on
- How statistics finds meaningful information in numbers
The starting point for the statistics series.
Probability is simply how likely an event is to occur. If you have flipped a coin, you have already used it.
What this course covers:
- The basic principles of probability
- The formula for calculating an event's probability
- How independent and dependent events differ
- Counting outcomes for different kinds of sampling
Build a solid foundation in probability.
Collecting data using sound, strategic methods is vital to doing effective research. But without strategies in place for organizing that data, you won't be able to interpret or communicate the story your data is telling, and that makes it essentially useless. In this course, we'll learn how to avoid such a scenario by going over terminology and principles for organizing data.
When something starts going wrong at work, you don't want to just throw metaphorical spaghetti at a wall, hoping a solution sticks. No, you need to follow a methodical process that defines the problem, hypothesizes causes, collects and analyzes information, identifies solutions, and tests them. In short, you need data analysis. In this program, we're going to cover the basics so you can solve problems at work quickly and efficiently.
If you didn't enjoy math back in school, and especially if you struggled with it, business math may seem intimidating. This program is about that fear.
What this course covers:
Clear the fear first. The numbers get easier after that.