Personal Finance – 10/24/16

I.  Bellwork:  Show your work

A.  You have $1000 in your account. You pay a bill by phone for $120. You use your debit card for purchases of  $405 and $235. You make two deposits, one for $400 and another for  $80.  You transfer $100 from your savings  to your checking account.  What is your balance?

B.  You have $2100 in your account. You write checks for $50 and $665. You pay a bill by phone for $79.  You use your debit card for purchases of  $505.  You deposit a check for $940 and  another for $220.  Later, you issue a stop payment on a check you previously wrote for $150. The bank informs you that the $120 check you deposited is being returned to you due to insufficient funds. They also charge you a $25 NSF for the check  What is your balance?

II.  Objectives:

• Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing to support their endeavors.
• Demonstrate understanding of  visual information by restating, paraphrasing, summarizing, critiquing the entrepreneurs products and the deals offered by investors on Shark Tank.

III.  Checking Quiz Tomorrow

• Know all the terns from the Chapter 9 iLearn Vocabulary Assignment
  • payee, drawer, currency, cashiers check, certified check, blank endorsement, restrictive endorsement, special endorsement, stop check, joint account, overdraft, joint endorsement, etc.

IV.  Turn in your Notebooks

V.  Classwork:  Anyone playing with their phone or being disruptive will receive a zero

Click Link:            Shark Tank Season 8 Ep 6

https://www.youtube.com/watch?v=8myvcZqN3nQ

Write down the questions below.  Answer the questions for each entrepreneur and turn them in today.

1. What is the product/service or idea?
2. What is the entrepreneur asking for and what are they willing to give up?
3. What decision was made?
4. Explain your opinion on the product and deal that was or wasn’t made. 1-2 sentences

Personal Finance F2016