Month/Day

October

Section 3-1, Average Monthly Expenditures. Compute the average monthly expenditure.

Key terms: Record Keeping, Expenditures, and Budget sheet.

Section 3-2, Preparing a Budget Sheet. Use records of past expenditures to prepare a monthly budget sheet.

Sections 3-3, Using a Budget. Compare the amount budgeted to actual expenditures.

Friday assigned 3-1, text.

Section 3-1, Average Monthly Expenditures. Compute the average monthly expenditure.

Key terms: Record Keeping, Expenditures, and Budget sheet.

Section 3-2, Preparing a Budget Sheet. Use records of past expenditures to prepare a monthly budget sheet.

Completed Ch. 3.

Mr. Caudill is teaching this chapter.

Completed Ch. 3.

Reviewed 3-1 thru 3-3 utilizing an excel spreadsheet to compute the students' workbook assignments.

Discussed interest rates and credit cards. Illustrated how savings after budgeting is not the way to invest one's money. Pay yourself first through payroll deductions. Used 3-3 in the workbook as an example.

Turn in Ch. 3 workbook assignment all.

Exam next class meeting.

Ch. 4-1 Recording Deposits: compute the total checking account deposit

Ch. 4-2 Write a check.

Ch. 4-1 Recording Deposits: compute the total checking account deposit

Ch. 4-2 Write a check.

Teacher demonstrated how to fill out a deposit slip and how to write a check.

Teacher demonstrated how to fill out a check.

4-3, Maintain and compute the balance of the checkbook register.

4-4, Bank Statement

4-3, Maintain and compute the balance of the checkbook register.

4-4, Bank Statement

4-5 Bank statement reconciliation.

Discussed with students the importance of utilizing WorkOne in assisting in the employment endeavors. Mr. Fisher showed students examples of job opportunities that he receives in the mail weekly.

4-5 Reconciling the Bank Statement.

Reconcile the check register with a bank account statement.

4-6 Online Banking.

Compute the online banking charges and update the register.

4-6 Online Banking.

Compute the online banking charges and update the register.

Demonstrate new policy on late work.

Students handed in Ch. 4 workbook pages and they were checked for completeness by the teacher and then handed back to the students to finish prior to the end of the class period.

Demonstrated the use of WorkOne's web page. Particular attention was paid to demographic data as well as job searches.

Exam Ch. 4

Ch. 5-1, Deposits. The learner will be able to complete a savings account deposit slip, and compute the total deposit.

Ch. 5-2, Withdrawals. The learner will fill out a savings account withdrawal slip.

Exam

Complete Ch. 5, sections 5-1 and 5-2 in the text only.

Ch. 5-1, Deposits. The learner will be able to complete a savings account deposit slip, and compute the total deposit.

Ch. 5-2, Withdrawals. The learner will fill out a savings account withdrawal slip.

Ch. 5-3, Account Statements. The learner will compute the new balance on a savings account statement.

Ch. 5-4, Simple Interest. The learner will compute simple interest for days, months, and years.

Graded workbook pages in class (4-1 thru 4-6)

No assignment

Students need to bring 5-1 and 5-2 textbook assignment to the next class meeting.

Ch. 5-4, Simple Interest. The learner will compute simple interest for days, months, and years.

Ch. 5-5, Compound Interest, compute the compound interest and the amount.

Ch. 5-6, Compound Interest Tables. Find the compound interest using the tables.

Grade 5-1 and 5-2 textbook.

Ch. 5-5, Compound Interest, compute the compound interest and the amount.

Ch. 5-6, Compound Interest Tables. Find the compound interest using the tables.

Ch. 5-7, Daily Compounding. Find the interest for daily compounding.

Ch. 5-8, Annuities. Compute the future value of an ordinary annuity and an annuity due.

See Mr. Caudill for topics

Ch. 5-7, Daily Compounding. Find the interest for daily compounding.

Ch. 5-8, Annuities. Compute the future value of an ordinary annuity and an annuity due.

G-4

Ch. 5-7, Daily Compounding. Find the interest for daily compounding.

Ch. 5-8, Annuities. Compute the future value of an ordinary annuity and an annuity due.

Turn in workbook pages for Ch. 5 Sections 5-1 thru 5-3 prior to the end of class. Complete the remainder of Ch. 5 workbook pages prior to the next class meeting on Nov 2.

Exam next class meeting

Exam Ch. 5

Teacher was absent

Ch. 6-1, Compute the sales tax of purchases.

Ch. 6-2, Compute Total Purchase Price.

Ch. 6-3 and 6-4, Compute the unit price of purchases. Identify the better buy based on unit price.

Ch. 6-5, Coupons and Rebates. Determine the final price after using a coupon or a rebate

Ch. 6-6, Computing Markdowns. The learner will be able solve for the dollar amount of the markdown.

Ch. 6-7, Sale Price. The learner will be able to compute the sale price when markdown rate is known.

Reviewed Ch. 5 exam

Walked students through some of the problems in the homework for Ch. 6.

Reviewed ch. 5 Exam.

Walked students through some of the problems in the homework for Ch. 6

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Exam next class meeting

none

Exam next class meeting

Discussed the impact that dropouts have on our community, Chamber Newsletter.

Reviewed Ch. 6, and administered exam.

Exam

Read Ch. 7 in its entirety.

Nov 16

Ch. 7, Charge Accounts and Credit Cards.

7-1, Account Statements. Students will be able to calculate the new balance on a charge account.

New Balance= Previous Balance + Finance Charge + New Purchases - (Payments + Credits).

7-2, Finance Charge: Unpaid-Balance Method. Find the finance charge by using the unpaid-balance method.

Unpaid Balance= Previous Balance- (Payments + Credits)

Finance Charge= Unpaid Balance x Periodic Rate

New Balance= Unpaid Balance + Finance Charge + New Purchases

Ch. 7, Charge Accounts and Credit Cards.

7-1, Account Statements. Students will be able to calculate the new balance on a charge account.

New Balance= Previous Balance + Finance Charge + New Purchases - (Payments + Credits).

7-2, Finance Charge: Unpaid-Balance Method. Find the finance charge by using the unpaid-balance method.

Unpaid Balance= Previous Balance- (Payments + Credits)

Finance Charge= Unpaid Balance x Periodic Rate

New Balance= Unpaid Balance + Finance Charge + New Purchases

7-3, Finance Charge; Average Daily-Balance Method...no new purchases included.

7-4, Finance Charge; Average Daily Balance Method...new purchases include.

7-3, Finance Charge; Average Daily-Balance Method...no new purchases included.

7-4, Finance Charge; Average Daily Balance Method...new purchases include.

Exam Ch. 7

Ch. 8 See Mr. Caudill for assignment

Exam Ch. 7

Ch. 8

Ch. 8 All

Exam Ch. 8

Complete workbook pages for Ch. 8.

Guest speaker from H&R Block

Discussed how to fill out the 1040EZ form. Students were introduced to tax schedules, the W-4 form, and discussed the purpose of the W-2. Students were also given the definitions and examples of tax credits and tax deductions.

Reviewed with the students, Ch. 8 in its entirety. Handed back exams for completion.

FINAL EXAM- CH. 4, CH. 5, and CH. 6

Continued working problems with the students in class reference to Ch. 8.

FINAL EXAM- CH. 4, CH. 5, and CH. 6

Discussed credit/debit article from the Reader's Digest. Discussed the importance of no going into debt, and how to use your home equity to as your own personal bank.

Remainder of the period is to be utilized to turn in late work.

Ch. 9 Vehicle Transportation

9-1, Compute the sticker price of a new vehicle.

9-2, Calculate the dealer's cost of a new vehicle.

Teacher walked the student through the purchasing process of an automobile. Demonstrated to the student the simple interest formula for determining how much of their monthly payment goes towards the principal of the car and to the interest.

Ch. 9 Vehicle Transportation

9-1, Compute the sticker price of a new vehicle.

9-2, Calculate the dealer's cost of a new vehicle.

9-3, Determine the average retail price of a used vehicle.

9-3, Determine the average retail price of a used vehicle.

9-4, Vehicle Insurance

9-5, Operating and Maintaining a Vehicle

Complete even problems for 9-3, 9-4, and 9-5.

Students need to complete all workbook assignments for Ch. 9 and turn them in on Tuesday, Jan 15 for an exam grade.

9-4, Vehicle Insurance

Discussed the reason for insuring property specifically automobiles. Major factors to consider when purchasing insurance.

Students may begin working on all the even problems for sections 9-4 thru 9-7.

Exam will be Ch. 9, all workbook pages. This will be due next Wednesday, Jan 16, 2008.

9-6, Leasing a Vehicle

9-7, Renting a Vehicle

9-5, Operating and Maintaining a Vehicle

9-6, Leasing a Vehicle

9-7, Renting a Vehicle

Ch. 10 Housing Costs.

10-1, Mortgage Loans- students will computer the down payment and the amount to finance on the mortgage loan.

10-2, Monthly Payments-Students will compute the monthly payments on a mortgage loan. This will include the total interest paid per period.

10-3, Closing Costs-students will compute the closing costs associated with financing a home purchase.

10-4, The Monthly Payment-utilizing the simple interest formula, students will compute and allocate the monthly payment towards interest and principal, and then compute the new principal.

Demonstrated exercises in the textbook, as well as computing this information on a spreadsheet so students could easily see the effect of varying interest rates on monthly payments as well as total amount paid out over the life of the mortgage.

Demonstrated to students how a microwave oven is financed in along with the house; and the total cost of that microwave over 30 years. Students quickly realized that a microwave will most likely run out of useful life in 5-10 years, however the home buyer will still make interest payments on that oven for 30 years.

Ch. 10 Housing Costs.

10-1, Mortgage Loans- students will computer the down payment and the amount to finance on the mortgage loan.

10-2, Monthly Payments-Students will compute the monthly payments on a mortgage loan. This will include the total interest paid per period.

10-3, Closing Costs-students will compute the closing costs associated with financing a home purchase.

10-4, The Monthly Payment-utilizing the simple interest formula, students will compute and allocate the monthly payment towards interest and principal, and then compute the new principal.

Demonstrated exercises in the textbook, as well as computing this information on a spreadsheet so students could easily see the effect of varying interest rates on monthly payments as well as total amount paid out over the life of the mortgage.

Demonstrated to students how a microwave oven is financed in along with the house; and the total cost of that microwave over 30 years. Students quickly realized that a microwave will most likely run out of useful life in 5-10 years, however the home buyer will still make interest payments on that oven for 30 years.

Read news story referencing Monroe County's foreclosure rate, as well as the process of foreclosing on a home. Specifically highlighted the importance of paying one's bills in order of priority so a person or family can still keep their home...i.e. one can live without a car payment, cable tv, cell phone etc...

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Students will have a substitute teacher on Friday and they will be given an assignments based on today's lessons.

Complete lessons 10-5 through 10-8.

10-5, Real Estate Taxes, objective: calculate the asessed value an real estate taxes.

10-6, Home Owners Insurance,objective: work out the amount of coverage.

10-7, Home Owners Insurance Premium, objective: calculate the annual homeowners insurance premium.

10-8, Other Housing Costs, objective: compute the total housing cost and compare it with suggested guidelines.

Only four students had their work completed...students who did not have their work completed received a zero.

Complete the even problems in the textbook for sections 10-5 through 10-8. This will be due at the beginning of the next class period.

Exam next class meeting on Ch. 10.

Complete lessons 10-5 through 10-8.

10-5, Real Estate Taxes, objective: calculate the asessed value an real estate taxes.

10-6, Home Owners Insurance,objective: work out the amount of coverage.

10-7, Home Owners Insurance Premium, objective: calculate the annual homeowners insurance premium.

10-8, Other Housing Costs, objective: compute the total housing cost and compare it with suggested guidelines.

10-5 through 10-8 even problems.

Exam next class meeting on Ch. 10

Exam on Ch. 10

Students will finish exam. This only applies to M-1 not G-4.

Begin Ch. 11-1 and 11-2.

Reviewed the Ch. 10 Exam.

Ch. 11, Insurance

Section 11-1, Health Insurance Premiums; students will compute the health insurance premiums for a year/month.

Section 11-2, Health Insurance Benefits; students will calculate the amount the patient pays for health care.

Section 11-3, Term Life Insurance; students will utilize tables to compute the premium for term life insurance.

Section 11-3, Term Life Insurance; students will utilize tables to compute the premium for term life insurance.

Section 11-4, Other Types of Life Insurance. Whole life, cash value, and universal life are discussed.

Students are not getting their work completed and therefore grades for the class are at their lowest point this year. Students need to ensure that they are getting their work turned in on time.

Demonstrated to the students the importance of understanding the advantages and disadvantages of purchasing whole life or universal life insurance. Emphasis was placed on enabling the student to be able to ask key questions with those who sell insurance.

Section 11-4, Other Types of Life Insurance. Whole life, cash value, and universal life are discussed.

Exam Ch. 11

Due to the a shortened class period due to the weather delay, students will be able to continue their exam next class meeting.

Exam Ch. 11

Read Ch. 12

Exam Ch. 11

Read Ch. 12

Completed Ch. 11 exam. Students are to read Ch. 12 in its entirety.

Demonstrated how interest rates affect savings, mortgages, and standard of living.

Exam Ch. 11

Read Ch. 12

Ch. 12

12-1 Certificates of Deposits

12-2 Effective Annual Yield

12-3 Stocks

Ch. 12, Investments

12-1 Certificates of Deposits. Students will utilize tables to compute the interest on certificate of deposits. Students were also taught how to compute this manually utilizing the compound interest formula.

12-2 Effective Annual Yield. Students determined the effective annual yield.

12-3 Stocks. Students solved for the total cost of a stock investment. Demonstrated how stock data appears online v. the internet. Students were also given a brief overview of mutual funds.

12-4, Stock Dividends. Students computed the annual yield and annual dividend of a stock investment.

12-5, Selling Stocks. Students calculated the profit or loss from a stock sale. Emphasis was placed on commissions.

12-6, Bonds. Students computed the annual interest and annual yield of a bond investment. Discussed the importance of investing outside of the tradional 401k etc... Enron and Worldcom were used as examples.

12-4, Stock Dividends. Students computed the annual yield and annual dividend of a stock investment.

12-5, Selling Stocks. Students calculated the profit or loss from a stock sale. Emphasis was placed on commissions.

12-6, Bonds. Students computed the annual interest and annual yield of a bond investment. Discussed the importance of investing outside of the tradional 401k etc... Enron and Worldcom were used as examples.

Additional time was spent analyzing financial statements of businesses and determining their profitablity. Students learned about profit margins and operating margins. Student now have an understanding how much of every dollar is realized as actual profit and or loss.

Exam

Read Ch. 13

Ch. 13, Personnel

Section 13-1, Hiring New Employees. The learner will be able to calculate the cost of recruiting new employees.

Section 13-2, Administering Wages and Salaries. The learner will compute the new salary after merit increase and cost-of-living adjustment.

Section 13-3, Employee Benefits. The student will work out the rate of employee benefits based on annual gross pay.

Ch. 13, Personnel

Section 13-1, Hiring New Employees. The learner will be able to calculate the cost of recruiting new employees.

Section 13-2, Administering Wages and Salaries. The learner will compute the new salary after merit increase and cost-of-living adjustment.

Section 13-3, Employee Benefits. The student will work out the rate of employee benefits based on annual gross pay.

This class was taught by Mr. Caudill, my co-teacher in M-1. He made it very clear what the expectations are for today's assignment.

13-4, Disability Insurance. The learner will be able to figure out disability benefits under independent retirement systems and under social security.

13-5, Workers Compensation and Unemployment Insurance. The learner will be able to compute the cost for workers compensation and unemployment insurance.

13-6, Travel Expenses. The student will calculate the total businesses travel expenses.

This class was taught by Mr. Caudill, my co-teacher in M-1. He made it very clear what the expectations are for today's assignment.

13-4, Disability Insurance. The learner will be able to figure out disability benefits under independent retirement systems and under social security.

13-5, Workers Compensation and Unemployment Insurance. The learner will be able to compute the cost for workers compensation and unemployment insurance.

13-6, Travel Expenses. The student will calculate the total businesses travel expenses.

Ch. 14, Productions.

14-1, compute the prime cost of manufacturing an item.

14-2, calculate the break-even point in the number of manufactured units.

14-3, compute the percent of defective goods and determine if the process is in or out of control

Ch. 14, Production

Section 14-1, Compute the prime cost of manufacturing an item.

Section 14-2, Calculate the break-even pont in the number of manufactured units.

Graded 447-452 as well as 14-1, 14-2, and 14-3.

Discussed the creation of money through one deposit. Discussed stagflation and the current economy.

Guest speaker: Lori Rose from International Business College gave a presentation on the career explorations, financial freedom, and investing.

Discussed 14-6 but no formal assessment will take place on this chapter.

Continued with 14-2 and 14-3.

Participation Grade

Complete 14-2 and 14-3 even problems in the text. Hold 447-452 until the next class meeting.

14-4, Time Study- Number of Units. Student will use a time-study results to compute how many units can be produced.

14-5, Time Study- Percent of Time. Students will use the time-study results to compute the person of time spent on each task.

Complete even problems for 14-4 and 14-5

14-4, Time Study- Number of Units. Student will use a time-study results to compute how many units can be produced.

14-5, Time Study- Percent of Time. Students will use the time-study results to compute the person of time spent on each task.

Exam

97-101 in the workbook

14-4 thru 14-5 even

Graded 14-4 and 14-5

Exam on Ch. 14

Ch. 15 Exam

Students are to complete all of Ch. 15 workbook pages and they will be counted as an exam for this chapter.

Ch. 15 Exam

Teacher produced exam.

Progress reports were issued to each student an they signed for this document with the promise to return it signed by a parent/guardian NLT 27 Mar 08.

Ch. 15 Exam

Read Ch. 16 in its entirety.

Ch. 16, Sales

16-1, Markup: Compute the markup in dollars

16-2, Markup Rate: Calculate the markup as a percent

16-3, Net Profit, Figure out the net profit in dollars.

16-1, Markup: Compute the markup in dollars

16-2, Markup Rate: Calculate the markup as a percent

16-3, Net Profit: Figure out the net profit in dollars.

16-4 Net Profit Rate: Find the net profit as a percent

16-4, Net Profit Rate: Find the net profit as a percent

16-5, Determine Selling Price- Markeup Based on Selling.

16-5, Determine Selling Price- Markeup Based on Selling.

16-6, Markup Rate Based on Cost

16-7, Determine Selling Price- Bsed on Cost

16-8, Markdown

Complete even problems in the text prior to the end of the class period.

Workbook pages Ch. 16 all

16-6, Markup Rate Based on Cost

16-7, Determine Selling Price- Bsed on Cost

16-8, Markdown

Ch. 18, Inventory

Complete sections 18-1, 18-2, and 18-3

Ch. 19, Services

19-1, Compute the monthly rental charge; 19-2, Maintenance, calculate the total building maintenance charge; 19-3, Equipment Rental, Determine the total equipment rental cost; 19-4, Utility Costs-Telephone, compute the monthly telephone costs; 19-5 Utility Costs-Electricity, compute the monthly costs for electricity; 19-6, Professional Services, calculate the total cost of professional services.

Additional topics discussed: wills and estate planning; earthquake insurance; prioritizing bills.

Ch. 19, Services

19-1, Compute the monthly rental charge; 19-2, Maintenance, calculate the total building maintenance charge; 19-3, Equipment Rental, Determine the total equipment rental cost; 19-4, Utility Costs-Telephone, compute the monthly telephone costs; 19-5 Utility Costs-Electricity, compute the monthly costs for electricity; 19-6, Professional Services, calculate the total cost of professional services.

Additional topics discussed: wills and estate planning; earthquake insurance; prioritizing bills.

Ch. 20, Accounting

Sections 20-1, Complete the payroll register; 20-2, Calculate the percent that a particular business expense is of the total expense; 20-3, Figure out a department's share of the total business expense.

Complete 20-1, 20-2, and 20-3 even problems in the text.

Ch. 20, Accounting

Sections 20-1, Complete the payroll register; 20-2, Calculate the percent that a particular business expense is of the total expense; 20-3, Figure out a department's share of the total business expense.

Workbook pages 20-1, and 20-2 in the workbook.