Nov 18

Accounting – 11/19/19

I.   Bellwork:

  • Budget Challenge

II. Objectives:

  • Interpret, analyze, and journalize financial transactions  in accordance with General Accepted Accounting Procedures.
  • Post, maintain, and monitor a general ledger accounts
  • Follow and apply multi-step procedures when performing accounting  tasks; based on explanations in the text and GAAP.

III.  Classwork:  input on MindTap

Pages 154 -155 Reinforcement Activity – Part 1

  • Journalize all the transactions into the general ledger for transaction dated August 1-28
    • Turn in your General Journal
Nov 18

Economics – 11/19/19

I.  Bellwork: on iLearn

II. Objective:

  • Discuss and provide analysis of the societal impact externalities and market failures (tragedy of the commons) while also exploring possible methods to resolve these issues..
  • Integrate and evaluate multiple sources of information presented in diverse formats and media in order to address a question or solve a problem.

III.  Quiz Tomorrow

IV.  Discussion: Externalities, Public Goods & Tragedy of the Commons
A. Notebook/Discussion

  1. Ways government encourages Positive Externalities
  2. Ways government discourages Negative Externalities

V.  Classwork
A.  Whiskey fungus tarnishes homes in Kentucky

  1. What is the negative externality and why is it a negative externality?
  2. Is there any positive externalities associated with having a distillery in the community?
  3. Explain two different approaches to solve the problem and reduce the market failure

B.   Tragedy of the Commons

  1. The Tragedy of the Commons Explained in One Minute
  2. South Park: Tragedy of the Commons
    1.  Explain the economic concept the tragedy of the commons.
    2.  Explain how the South Park video is an example of the tragedy of the commons

C.   Ch7 – Enrichment Activities:  1-4 Q&A

Nov 18

AP Economics – 11/18/19

I. Bellwork

II.  Objectives:

  • Collaborate and  review topics related to monopolies (unregulated) and natural monopolies (regulated)
  • Construct, analyze, and interpret graphs for monopolies to determine the profit maximizing level, price, total revenue, total cost, and profit

III.  Classwork

  • Page 638-639 1-25 Write Answers due today

IV.   Huge Test Tuesday – Sections 58-63

Nov 18

Economics – 11/18/19

I.  Bellwork  Q&A

If a new bridge to Canada is built:

  • Provide and explain an example of a negative externality. (Be specific)
  • Provide and explain an example of a positive externality. (Be specific)

II.  Objective

  • Identify the purpose of legislation which constrains the functions of  business structures.
  • Examine and explain the role of the government  and legislation in correcting market failures.
  • Determine central ideas of a text and analyze their development over the course of the text, including how they interact and build on one another to provide a complex analysis;

 III.  Notebook Work/Discussion (ALL OF THESE ARE ON THE NEXT QUIZ)

  • 186 – Copy Figure 7.3  
  • 191 – Copy Roles of Government-Map & (Discuss each role)
  • 187  Federal Government Regulatory Agencies and their responsibilities.
  • https://www.cpsc.gov/

IV.  Video & Discussion

V.  Classwork

Nov 18

Accounting – 11/18/19

I.  Bellwork: Internet Search

  1. What is embezzlement?
  2. Explain what internal controls means in  accounting.
  3. Provide 2 examples of accounting internal controls.

 II.  Objectives:

  • Interpret, analyze, and journalize financial transactions using accounting software in accordance with General Accepted Accounting Procedures.
  • Maintain and monitor a general ledger accounts
  • Follow and apply multi-step procedures when performing accounting  tasks; based on explanations in the text and GAAP.

III.  Classwork:  Automated Accounting

  • Pages 154 -155 Reinforcement Activity – Part 1
  • Record Transactions:  Aug 1-Aug 20