Common Planner
K–12 Standards

Business Math: Recommended 10 & 11

Other Indiana CTE sets

Math Concepts

  • 1

    Students demonstrate the knowledge and skills necessary to determine the correct algebraic process to solve problems for a variety of business situations.

    1. 1

      Reinforce basic math skills, such as but not limited to percents, decimals, and fractions, and algebraic skills of solving equations with one or two variablesBMH-1.1 

    2. 2

      Select and use appropriate formulas to solve problemsBMH-1.2 

    3. 3

      Construct and solve an equation for a given problem using unitsBMH-1.3 

    4. 4

      Determine if a solution to an algebraic computation is reasonableBMH-1.4 

    5. 5

      Use algebraic graphs in real world situationsBMH-1.5 

    6. 6

      Apply complex functions to business financialsBMH-1.6 

  • 2

    Students apply geometry principles to solve problems for a variety of business situations.

    1. 1

      Demonstrate ability to take measurements and convert as neededBMH-2.1 

    2. 2

      Use formulas and geometric reasoning necessary for area, perimeter, circumference, diameter, and volumeBMH-2.2 

    3. 3

      Determine if a solution to a geometry computation is reasonableBMH-2.3 

  • 3

    Students analyze and interpret data using common probability and statistical procedures to solve problems for a variety of business situations.

    1. 1

      Construct, read, and interpret tables, charts, and graphsBMH-3.1

    2. 2

      Use probability concepts to predict eventsBMH-3.2

    3. 3

      Construct and interpret frequency distributionBMH-3.3

    4. 4

      Calculate measures of range and central tendency (e.g., mean, median, mode)BMH-3.4

    5. 5

      Determine if a solution to probability and statistical computation is reasonableBMH-3.5

Accounting Principles

  • 1

    Students apply math concepts to analyze and solve problems related to accounting principles for business.

    1. 1

      Calculate equity using the accounting equationBMH-4.1 

    2. 2

      Calculate and plan for taxes including, sales, income, and propertyBMH-4.2 

    3. 3

      Calculate cost of goods sold, gross profit, operating expenses, and net profitBMH-4.3 

    4. 4

      Determine cost of goods sold using different inventory valuation methods (e.g., LIFO, FIFO)BMH-4.4 

    5. 5

      Calculate manufacturing costs and break-even pointBMH-4.5 

    6. 6

      Calculate and plan for a variety of expensesBMH-4.6 

    7. 7

      Calculate company or department overhead based on various situations (e.g., sales or floor space)BMH-4.7 

    8. 8

      Calculate depreciation of assets using various methods (e.g., declining-balance method, sum-of-the-years method)BMH-4.8 

    9. 9

      Compare the costs of renting, leasing, or buying plant or current assetsBMH-4.9 

  • 2

    Students apply math concepts to analyze and solve problems related to payroll for business.

    1. 1

      Calculate and maintain employee payroll recordsBMH-5.1

    2. 2

      Calculate employee and employer taxes and prepare related reportsBMH-5.2

    3. 3

      Calculate fringe benefits and analyze their effect on the total wage packageBMH-5.3

    4. 4

      Analyze costs of recruiting, placing, and training employeesBMH-5.4

Banking and Financial Services

  • 1

    Students apply math concepts to analyze and solve problems related to banking services for business.

    1. 1

      Maintain checking account records (e.g. checks, check register, and deposit slips)BMH-6.1

    2. 2

      Show a reconciliation of a bank statementBMH-6.2

    3. 3

      Compare and contrast different financial institutions and their services Assess data from the stock markets used in making investment decisionsBMH-6.3

  • 2

    Students apply math concepts to analyze and solve problems related to the principles of business finance.

    1. 1

      Calculate various types of interest, (e.g., simple, compound, variable, exact, or ordinary)BMH-7.1

    2. 2

      Calculate the costs associated with installment purchasesBMH-7.2

    3. 3

      Compare cash price to installment price in order to make a purchasing decisionBMH-7.3

    4. 4

      Compute the monthly payment, interest, and total amount required to amortize a loan (e.g. mortgage)BMH-7.4

    5. 5

      Compare and contrast benefits and cost of long-term debt options for promissory notes and bondsBMH-7.5

    6. 6

      Compare and contrast benefits and costs of investment options (e.g. money-markets, CD’s, stocks, bonds)BMH-7.6

    7. 7

      Understand and calculate present value and future valueBMH-7.7

    8. 8

      Determine the finance charges on credit card balancesBMH-7.8

    9. 9

      Compare and contrast the advantages and disadvantages of employee credit card use for business expensesBMH-7.9

    10. 10

      Compare and contrast the advantages and disadvantages of offering credit to customersBMH-7.10

Marketing Principles

  • 1

    Students apply math concepts to analyze and solve problems related to marketing principles for business.

    1. 1

      Compare and contrast expenses associated with various advertising mediums

    2. 2

      Compute extensions, subtotals, sales tax, and sales totals for a sales transaction

    3. 3

      Compute markup or markdown

    4. 4

      Calculate and analyze different types of trade discounts

    5. 5

      Calculate the response rate and results of surveys

    6. 6

      Analyze demographic information to make sound marketing decisions

    7. 7

      Using trend data and forecasting models, calculate future sales

    8. 8

      Calculate and analyze market share

    9. 9

      Plan and design various displays for products with different size and shape requirements

Management Principles

  • 1

    Students apply math concepts to analyze and solve problems related to management principles.

    1. 1

      Interpret financial statements to make sound managerial decisionsBMH-9.1 

    2. 2

      Create and analyze budgetsBMH-9.2 

    3. 3

      Calculate inventory balances and stock reorder pointsBMH-9.3 

    4. 4

      Calculate necessary ratios to make sound managerial decisionsBMH-9.4 

    5. 5

      Calculate the cost of full-time versus part-time employeesBMH-9.5 

    6. 6

      Compare and contrast the different types and costs relating to insurance (e.g. property, automobile, bonding)BMH-9.6 

Communication

  • 1

    Students develop skills to create and present accurate and effective communication for specific business related purposes and audiences.

    1. 1

      Use clear and legible handwriting in all written work and communicationBMH-10.1

    2. 2

      Demonstrate active listening skillsBMH-10.2

    3. 3

      Use discussion skills to assume leadership and participant rolesBMH-10.3

    4. 4

      Use research, composition, and oral skills to present information for a variety of situations utilizing appropriate technologyBMH-10.4

    5. 5

      Work cooperatively with peers and authority figuresBMH-10.5

    6. 6

       Use clear and concise writing skills to describe, explain, and inform various audiencesBMH-10.6

    7. 7

      Follow and interpret directions, graphs, charts and diagrams found in technical writingBMH-10.7

    8. 8

      Use appropriate industry terminologyBMH-10.8

Frequently asked questions

What grade levels do these standards cover?
Grade 11 and Grade 12

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