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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!
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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
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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
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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!
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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!
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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!
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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 263-264, #1-23 due Thursday
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83 - Identify various methods of handling payment for purchases. 84 - Process payment for a cash purchase. CTE Competencies Linked to SOLs
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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.
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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.
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