Week April 27, 2015 – May 1, 2015 DECA NEWS: DECA ICDC this week! See you on Thursday! What will you do next year so you can travel to Nashville, Tennessee with DECA? Have you been raising $$ for Relay for Life? Get your walking shoes ready! Going to Kings Dominion? Turn in your form by FRIDAY! Due This Week: Chapter 9 Vocabulary & Review due Thursday! Chapter 9 TEST – Friday!

 Early Work: What are financial statements based on projections?  Today’s Objective: Completing a routine sales transaction Completing a routine sales transaction  Activities –  Vocabulary – VOCAB & REVIEW DUE Thursday!!! Vocabulary  Financial Statements – Pro Forma – let’s get to work  Chapter 9 – Plan & Track your Finances - Introduction  Section 9.1– Notes & PowerPoint  Checkpoint Questions & 9.1 Assessment pg 245 #1-3  Homework: Work on your BYBPP ☞ Point of the Day: You must prepare a list of startup costs to determine how much money to borrow. Keep expectations realistic. Magical Monday Manners Moment

 Early Work: What are three sources of Equity Capital?  Today’s Objective: Completing a routine sales transaction Completing a routine sales transaction  Activities –  BENCHMARK TEST TODAY – DO YOUR BEST! RETURN TEST AND SCANTRON SHEET TO TEACHER WHEN FINISHED  Vocabulary & Review due Thursday!!!  Chapter 9 – Plan & Track your Finances - Introduction  Section 9.2– Notes & PowerPoint  Checkpoint Questions & 9.2 Assessment pg 252 #1-3  Homework: Work on your BYBPP ☞ Point of the Day: Equity capital is money invested in a business in return for a share in the profits of the business. Focus on Strengths. Tough Tuesday – Name that Company

 Early Work: What is the Small Business Administration?  Today’s Objective: Completing a routine sales transaction Completing a routine sales transaction  Activities –  Vocabulary & Review due Thursday!!!  COMPLETE WORKSHEETS AND TURN IN TO TEACHER  Chapter 9 – Plan & Track your Finances - Introduction  Section 9.3 – Notes & PowerPoint  Checkpoint Questions & 9.3 Assessment pg 260 #1-2  Homework: Work on your BYBPP ☞ Point of the Day: Its All About the $$$! Vary approaches to achievement. Work Wear Wednesday & Role Play Day!

 Early Work: Newspaper Day – The Free Lance Star What is the formula to determine your Net Cash Flow?  Today’s Objective: Completing a routine sales transaction Completing a routine sales transaction  Activities  Vocabulary & Review Check today!!!  COW in the Room – MOOO!!!  Work on your BYBPP – Ask Questions  HOW WILL YOU PRESENT YOUR BYBPP? Let’s chat about this!  Prepare your speech AND PowerPoint for your presentation  Homework: Work on your BYBPP ☞ Point of the Day: Debt capital is money loaned to a business with the understanding that the money will be repaid. Bounce Back! Throw Back Thursday – Share a Weird Fact today!

 Early Work: What six (6) things are included in the Payroll Register?  Today’s Objective: Completing a routine sales transaction Completing a routine sales transaction  Activities  CHAPTER 9 TEST  Work on your Build Your Business Plan Project (BYBPP)  Journal – “The Wisest person I know and why they are so wise…”  Homework: Continue work on your BYBPP ☞ Point of the Day: You will need to keep accurate and up to date bank, payroll, and tax records Attitude determines how far you will go on the success journey. Foxes Friday - The Week’s Wrap-Up & Good News!

 Pro Forma Financial Statements  Start-Up Costs  Net Worth  Assets  Liabilities  Equity  Personal Financial Statement  Debt-to-Equity Ratio  Equity Capital  Venture Capitalists  Debt Capital  Secured Loan  Collateral  Line of Credit  Long-term Loan  Accounts Receivable  Inventory Financing  Unsecured Loan  Cash Flow Statement  Cash Receipts  Cash Disbursements  Net Cash Flow  Income Statement  Profit/Loss Statement  Balance Sheet  Fixed Assets  Current Assets  Accounts Receivable  Long-term Liabilities  Current Liabilities  Accounts Payable  Allowance for Uncollectible Accounts  Depreciation  Transaction  Journals  Account  Subsidiary Ledger  Aging Table  Check Register  Outstanding  Payroll  Income Tax  Sales Tax Vocabulary & Review Due THURSDAY! TEST on FRIDAY! Review – Page , #1-23 due Thursday

 83 - Identify various methods of handling payment for purchases.  84 - Process payment for a cash purchase. CTE Competencies Linked to SOLs

Success in business comes in many forms. Many of us view success as doing what we want in life that makes us happy. Others of us view success as providing a service or product that others need, thus benefiting our customer and clients. As Entrepreneurs, success can be determined by the bottom line – how much money are you really making? This Chapter provides you with the accounting tools to determine your bottom line.

 R-E-S-P-E-C-T EVERYTHING!!!  Your supplies – bring your stuff every-day! Bring your book every-day! Bring your notebook & composition book every- day! Bring pen/paper/thinking cap/open mind ever-day!  Place all bags on floor under your table! Cell phones in bag!  Wait for Teacher instruction before beginning activity!  Passes out of Class - No Exit First 10/Last 10  One person out of room at a time  Pass Board– USE IT!  Keep it short!  Stay in your seat until you are dismissed from class – the bell tells Teacher when class is over; Teacher then dismisses you.  No talking while Teacher or others have the floor.  Watch your language and mind your manners, please.  All School Rules will be followed without question.