Nov 21

Accounting – 11/22/19

I. Bellwork: Budget Challenge

II. Learning Objectives:

  • Discover money personality, including spending and saving propensity
  • Describe the reasons for maintaining a budget
  • Build a budget by prioritizing needs and wants
  • Develop a system for tracking income, spending, and savings
  • Devise a contingency plan for covering unexpected expenses

III. Classwork Lesson 3 Budgeting

IV. Exit Ticket

Q1: How would you prioritize spending?

  • What are some spending areas that might be prioritized by people, yet shouldn’t be?
  • What are some spending areas that should be prioritized but often aren’t?

Q2: What are some of your long-term financial goals that might be achievable by creating a budget and sticking to it?

• What tool or system would you consider using to help you stick to your budget?

Q3: How much do you think you should have in your emergency fund?

• What would qualify as a good reason to use your emergency fund?

Nov 21

AP Economics – 11/22/19

I.  Bellwork

Based upon the Payoff Matrix below:

  1. Does McDonald’s have a dominant strategy?  Explain.
  2. Does Burger King have a dominant strategy?  Explain
  3. Is there a Nash/Non-cooperative equilibrium/ Explain

II.  Objectives:

  • Construct and interpret payoff matrices.
  • Explain the payoffs, dominant strategies, and Nash equilibrium given a payoff matrix

III.  Classwork  Pages 656-657

  • Check Your Understanding 1-2
  • Multiple Choice  1-5
  • Tackle the Test #2

IV. Homework: Questions on AP classroom – closes Sunday

Nov 21

Economics – 11/22/19

I.  Bellwork: Q&A –

  • Page 231 Economic Analysis
  • Page 235 Economic Analysis

II. Objective:

  • Analyze and evaluate the methods in which the government generates revenue.
  • Determine the meaning of words and phrases as they are used in a text
  • Identify and classify taxes as progressive, regressive, and proportional according to the methods implemented to generate revenue.
  • Integrate and evaluate multiple sources of information in order to address how taxation should be used to address government deficits.

III.  Discussion/Notes:

 IV.   Make-up after school Today – I leave at 3:20

V.   Classwork:

  • Page 229 Vocabulary (16)
  • Page 236 Q&A 2-6
Nov 21

Accounting – 11/21/19

I.  Bellwork:  

A.  Internet Search:  Accounting Control – Segregation of Duties

  1. Explain the concept of segregation of duties in accounting.
  2. Provide an example of segregation of duties in accounting
  3. Explain why is segregation of duties is important to a business.

II  Objectives:

  • Interpret, analyze, and journalize financial transactions in accordance with Generally Accepted Accounting Procedures.
  • Post from the General journal to the general ledger accounts

III.  Classwork:  Finish Today

  • Pages 154 -155 Reinforcement Activity – Part 1
  • Aug 19 – Aug 31 – Post all the entries on page to to the ledger