Ms. Armes - JCLC

Business Math

Business Math

Chapter One

** Monday, Aug. 10 (P) & Tuesday, Aug. 9 (W)**Lesson 1.1 Calculating Hourly and Salary gross pay for employees

Lesson 1.4 Find varies types of Commission, straight, quota, & graduated.

Chapter Two

__ Friday, Aug. 28 (P) & Monday, Aug. 31 (W)__White day Monday took the chapter one test because Thursday Seniors had a meeting during block 2, not enough time to take test. So....

We completed Chapter One's & Chapter Two's definitions and started lesson 2.1.

We will work with deductions from Gross Pay to find Net Pay.

We will calculate the amount of social security & medicare deductions.

Assignment:

Problems (pg. 13 & 14)

We will discuss and compare Job Benefits and Expenses

ALL Problems (pg 15 & 16)

Monday, Sept. 7

ALL Problems (pg 17 - 19)

ALL Problems (pg 17 - 19)

Learning how to keep a cash receipts record and a columnar cash payments record.

(pgs. 21-22) #1-6 All

We will calculate State and City income taxes using a flat tax rate and graduated tax rate table.

Preparing a Budget

(pgs. 23 - 25)

Assignment:

In workbook page 26 "Term Puzzler"

In Text book page 74 #1 - 8

and page 79 #10 - 20

Chapter Three

**Thursday, Oct. 1 (W) **

Worked on make-up and Completed Chapter 3's vocabulary.**Friday, Oct. 2 NO School.....Octoberfest**

You will prepare a deposit slip and record entries in a check register.

Wednesday, Oct. 7 (P) & Thursday, Oct. 8 (W)

You will record electronic banking transactions. And you will find account balance when banking electronically.

Friday, Oct. 9 (P) & Monday, Oct. 12 (W)

You will calculate account balance needed to make online payments.

You will reconcile a Bank Statement and check register to correct any entry so both accounts agree on the same amount of money.

ENJOY!!

You will reconcile a checking account with outstanding transactions and other errors.

You will calculate simple interest on savings deposits, compound interest on savings deposits, and interest using a compound interest table.

Fill in chapter 4 notes

Business Math Chapter 4

**Tuesday, Nov. 10 & Wednesday, Nov. 11 (w)**

Calculating interest on interst-bearing notes.

Calculating using exact and ordinary interest method. And

Calculating rate of interest

Calculating their interest and proceeds and the TRUE rate of interest.

We will be calculating interest using simple interest tables.

Finding the due date of a note.

Finding the number of days between dates.

Calculating....

1. the installment price/finance charges on an installment plan purchase.

2. the number and amount of monthly payments.

3. the interest, principal payment, and new balance on an installment loan.

First Semester Final Exam

**Friday, Dec. 11 (P) & Monday, Dec. 14 (W)**

Review for 1st semester's final exam**Tuesday, Dec. 15 (P)**

Enjoy the time off! See you next year, 2016!

Semeter one's Review for final exam

**I have attached the answers for the semester one's final exam. **

Chapter 5

__Tuesday Jan. 5 (P) & Wednesday Jan 6 (W)__ **Lesson 5.1**

We will calculate City and State sales taxes.

We will calculate the total price on purchases that are taxed and some items that are not taxable.** Assignment:** In Workbook, Lesson 5.1 Page 67 #1 & 2.

Lesson 5.2

We will calculate the total on the sales slip.

Monday, Jan 11, Snow/Ice day. No School

Tuesday, Jan 12 2-hr delay.

We calculate and compare unit prices.

Then we will calculate the unit price when given a price for purchasing more than one of the same item.

We will compare prices of sales at different stores and in different amounts.

We will compare the cost of rental options.

We will compare the cost of renting vs. buying.

(2-hr delay for Mon. & Tues.)

(Reviewing Lesson 5.3 and 5.4)

We will calculate and compare the speeds on online connections.

Regular book page 214 do #1 - 10 vocab and page 219 #11-20 All.

__Mon____day, Jan 25 (P) & Tuesday, Jan 26 (W)__

We will finish checking regular book work pages 214 & 219 and in workbook page 74 the term puzzler **THEN Take chapter 5 TEST on Wednesday & Thursday**

Wednes

Then Start Lesson 6.1

Chapter 6

**Friday, Jan. 29 (P) & Monday, Feb. 1 (W)Tuesday, Feb. 2 (P) & Wednesday, Feb. 3 (W) **

Calculating the down payment, closing costs, and mortgage loan amount.

Calculating the total interest cost of a mortgage loan.

calculating the savings from refinancing mortgages.

Lesson 6.2

Calculating the cost of renting a home or apartment.

Calculating the costs of renting vs. owning.

Lesson 6.3

Calculating property taxes for tax rates per $100 or $1,000.

Calculating property taxes for tax rates in mills or cents per $1.

Lesson 6.4

Calculating property insurance premiums for renters.

Calculating how much can be collected on insurance claims.

Complete and grade Lesson 6.4

Lesson 6.5

Calculating the MSRP for a new car, including optional equipment

Calculating the delivered price and the balance due for new car.

Calculating the delivered price and the balance due for used car.

Lesson 6.6

Calculating the rate of depreciation.

Lesson 6.7

Lesson 6.8

Calculate the cost of leasing cars

Compare the costs of leasing and buying cars.

Calculate the cost of operating cars.

In Workbook, pg. 91 Term Puzzler

then take

Chapter 7

Lesson 7.1 Life Insurance

Discussion with Life Insurance and impact on life in general.

calculating the net cost of life insurance, and

calculating the cash and loan values of a life insurance policy.

calculating health insurance benefits and coinsurance.

calculate the total investment in bonds.

Calculating bond yield

Calculating total cost of bonds

Pgs. 337-338, vocabulary #1-8 and Problems #13-26.

We will check in the last 20 minutes of class.

Then take Quest.

Circle Graph of Monthly Budget

**Monday, April 25...........Complete own Budget & evaluating it.Tuesday, April 26 And Wednesday, April 27......David Moore from John Moore Insurance Agency is our community contact for your insurance needs from your search on apartment or house and vehicle.Thursday, April 28 and Friday, April 29.....Any wrap up with own budget, Pie chart of budget percent, any questions. Book budget Wksts and book work on 7.1 to 7.4Monday, May 2 and Tuesday, May 3.....lesson 7.5 BondsWednesday, May 4 and Thursday, May 5.....quest over 7.1 to 7.5Friday, May 6 and Tuesday, May 10.....I'm working on having our Banker representative, Mary Ann Jordan, from Jackson County Bank, return to help you to get a feel for the paper work and money needed to purchase you house that you have found during budgeting work.**