Nov 25

Accounting – 11/26/19

I.  Bellwork

  • Budget Challenge Quiz and Check

II Objectives:

  • Analyze and explain the adjustments for supplies and prepaid insurance.
  • Explain and create a sequence map demonstrating the four questions to ask  when recording adjusting entries on a worksheet
  • Apply the proper procedures to record and complete the Adjustments columns of a worksheet.

III.  Discussion/Notebook Work

  • Matching Revenue with Expenses & Accrual basis accounting
  • Need for Adjustments
  • Four Questions Map
  • Formula for determining adjustments to Supplies & Prepaid Insurance

IV.   Classwork:

  • Working Together & On Your Own (p. 168).
  • Application Problem 6-2 (p. 183)
  • Aplia: 6-2 OYO & Working Together
Nov 25

AP Economics – 11/26/19

I. Bellwork Page 665

  • Multiple Choice 1-5 Letter and Answer

II.  Objectives

  • Determine the prices and profits in both in the short run and the long run for Monopolistic Competition
  • Construct and interpret graphs for short run and the long run monopolistic competition
  • .Compare long run equilibrium on Perfect competition to long run equilibrium in Monopolistic Competition

III. Review Yesterday’s Work

IV. Discussion Module 67

V  Classwork

  • Worksheet 67.2 & 67.3 on iLearn

VI.  Homework

  • on iLearn Section 67 Monopolistic Competition
Nov 25

Economics – 11/26/19

I.  Bellwork: On iLearn

II.  Objectives:

§  Given various scenarios distinguish between progressive, regressive, and proportional taxes

§  Identify and classify taxes as progressive, regressive, and proportional according to the methods implemented to generate revenue.

§  Analyze and discuss the merits of various methods in which governments generate revenue on consumption, income and wealth.

III. Discussion/Classwork/Practice: 

IV.  Section 9-1 Quiz

Nov 24

Accounting – 11/25/19

I.   Bellwork

  • Page 157 1-2 Q&A

II.   Objectives:

  • Prepare the heading of a worksheet demonstrating proper format .
  • Create a sequence map demonstrating the six-step process for preparing a trial balance on a worksheet and utilize the procedures to prepare the trial balance section of a work sheet .
  • Discuss the importance of Consistent Reporting and Accounting Cycle/Fiscal Period

III.  Discussion/Notebook Work

  • Consistent Report –  meaning & importance
  • Fiscal Period – meaning & importance
  • Trial Balance Sequence Map p. 160

IV.   Classwork:

  • Working Together & On Your Own (p. 162).
  • Application Problem 6-1 (p. 183).
Nov 24

AP Economics – 11/25/19

I.  Bellwork (Open in a new tab)

II.  Objectives:

  • Discuss the legal constraints of antitrust policy
  • Explain how repeated interactions among oligopolists can result in collusion in the absence of any formal agreement
  • Explain the cause and effect of price wars, product differentiation, price leadership, and nonprice competition
  • Describe the importance of oligopoly in the real world

III.  Oligopolies in Practice Pages 658-666

A.  The History of Anti-Trust Laws

B.  Tacit Collusion and Price Wars

  1. Large Numbers
  2. Complex Products and Pricing Schemes
  3. Differences in Interests
  4. Bargaining Power of Buyers

C. Nonprice Competition and Price Leadership

  • product differentiation
  • advertising
  • branding

IV.  Classwork:  Page 665

A.  Check Your Understanding 1a-e

B.  On iLearn:  Module 66 Oligopoly in Practice

Nov 24

Economics – 11/25/19

I.  Bellwork:

A.  Tax holidays Link  – Questions & Answers

1) In what month do most states offer Sales Tax Holidays?

2) According to the lists, What 4 items are often most  included in the tax holidays?

II.  Objective:

§  Given various scenarios distinguish between progressive, regressive, and proportional taxes

§  Identify and classify taxes as progressive, regressive, and proportional according to the methods implemented to generate revenue.

§  Analyze and discuss the merits of various methods in which governments generate revenue on consumption, income and wealth.

III.  Discussion/Notes:

§  Types of Taxes – Copy Figure 9.2

IV.  Activities

 Activity 1: Progressive Taxes and You  Show what percentage of each person’s income would go towards tax in a progressive system by completing pie graphs.

Activity 1: Regressive Taxes and You   Show how a $2,000 tax affects the incomes of five citizens.

Activity 1: Proportional Taxes and You Find out how income is affected in a proportional tax system

V. Classwork

progressive regressive and proportional

VI.  Homework –  on iLearn
VII. Quiz Tomorrow

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