Nov 07

Accounting – 11/08/19

I Bellwork

Ex-comptroller sentenced for stealing

  1. Summarize what occurred and explain how it happened.
  2. What was the associated sentence for this crime?

II.  Objectives

  • Interpret and analyze financial information to record journal entries, establish and replenish petty cash, and prepare a bank reconciliation.
  • Follow multi-step procedures when performing accounting  tasks; based on explanations in the text

III. Classwork

  • Budget Challenge – Take Quiz
  • 5-M on Aplia

IV  Chapter 5 Test on Tuesday

Nov 07

AP Economics – 11/08/19

I.  Bellwork

A.  Draw a graph with a monopoly earning a profit – label all curves (MC. D. MR. ATC) & show the profit

B.  Draw a graph with a monopoly with a loss – label all curves (MC. D. MR. ATC) & show the loss

II.  Objectives

  • Identify the profit maximizing price and quantity for a monopoly
  • Determine whether a monopoly is making a profit or loss
  • Construct, analyze, and interpret economic models for a monopoly
  • Calculate & Explain the Quantity and Price Effect

III. Classwork

  • Page 621 Check Your Understanding 1-2
  • P622 Tackle the Test MC 1-5
  • 61.3 on iLearn
Nov 07

Economics – 11/08/19

I.   Bellwork: Question & Answers

A.   Graph an example of a Price Floor
1. Who benefits from it?
2. What does it create (shortage/surplus)?

B.   Graph an example of a Price Ceiling.
1. Who benefits from it?
2. What does it create (shortage/surplus)?

II.   Objectives:
• Analyze and provide examples of how price controls are practiced and their impact.
• Identify the impact resulting from changes in Demand and Supply on equilibrium Price and Quantity
• Integrate and evaluate various graphic models in order to address a question or solve a problem.

III. Classwork

IV. Section 6.1 & 6.2 iLearn Quiz