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Association
of Millwork Distributors
serving the window, door,
and millwork industries |

Math for Enterprising Minds
Approximately 80 hours of instruction can be completed
over 12 months. Certification is based upon passing two tests.
Understanding
business transactions, techniques, and methodologies
are
essential skills for all employees in the wholesale,
distribution, and retail
trades. This course provides an essential understanding
of the fundamental
business operations and transactions that are part of
the dynamics of selling,
purchasing, markups, discounts, and inventories. In other
words, it provides a
grasp of the core operations required for commerce. Concrete
examples from
the Millwork Industry are used in the forms, samples,
and exercises to make it
easier to apply the concepts.
This newly revised course provides an overview of mathematics
used in Millwork
business practices for sales and distribution. The foundational
knowledge of
transactions should be required for anyone employed in
the Millwork Industry,
but is especially helpful for sales and sales support
staff.
Textbook,
workbook, and CDsare included with video, multimedia
presentations,
interactive activities, glossary of terms, and practice
quizzes.
Upon
completion of this course, students will be able to…
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Assess
and improve basic math skills to include arithmetic
calculations, percentages, rates, weights and measures,
and interest calculations.
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Understand
how business transactions work in distribution
and multi-tiered selling, and how they differ between
retail and wholesale operations.
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Understand
how to apply technology to business transactions
to include calculators, spreadsheets, E-mail,
Internet, inventory control systems, and custom applications.
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Apply
math to retail operations to include operating
cash registers, calculating taxes, filling out
sales receipts, taking discounts, and creating
sales reports.
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Understand
purchasing operations to include discount schedules,
extensions, order tracking, receiving and marking
merchandise, inventory control, and stocking.
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Understand
shipping and warehousing operations to include
distribution channels, determining best shipping
methods, calculating shipping costs, warehousing,
and packaging for shipment.
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Understand
inventory concepts to include stock turn, stock-sales
ratio, inventory reduction, taking inventory, automated
inventory systems, price modifications, employee
discounts, markups, and trade discounts.
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Understand
business to business transactions to include purchase
orders, invoices, trade discounts, extensions,
carrying charges, and calculating interest.
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Manage
business expenses to include employee earnings,
overhead, capital expenses, marketing and sales costs,
inventory costs, and loans.
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Manage
profitability to include analysis
of productivity, stock turns, sales costs, and gross
profits.
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Understand
business reports to include financial statements,
break even point, cash flow analysis, and balance
sheets.
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Members:
$ 199.00 • Non-members: $ 249.00
Place Order |
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