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01092011 Budgeting Pre-Test Lesson Plan

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01092011 Budgeting Pre-Test Lesson Plan Powered By Docstoc
					Work Keys Agenda       1/9/2011
1. Net Profit and Net Loss
2. Budget Vocabulary Pre-Test
3. Monthly Budget Plan Pre-Test
4. Budget Word Problems Pre-Test
5. Budget Word Search



1. Net Profit and Net Loss
Directions: Answer the questions below on net profit and net loss per share. Use a calculator to help you.

    1.   A stock was purchased at $15.20 per share and sold at $18.65 per share. What was the net profit per share?



    2.   A stock was purchased at $12.50 per share and sold at $23.75 per share. What was the net profit per share?



    3.   A stock was purchased at $31.10 per share and sold for $33.85 per share. What was the net profit per share?


    4.   A stock was purchased at $10.50 per share and sold at $19.25 per share. What was the net profit per share?



    5.   A stock was purchased at $8.75 per share and sold at $5.35 per share. What was the net loss per share?



    6.   A stock was purchased at $20.25 per share and sold at $14.50 per share. What was the net loss per share?



    7.   A stock was purchased at $28.65 per share and sold at $21.95 per share. What was the net loss per share?



    8.   A stock was purchased at $38.15 per share and sold at $25.50 per share. What was the net loss per share?



2. Budget Vocabulary Pre-Test
Directions: Match the correct budgeting term with its definition.

    1.   _____ Money that is earned off of an investment, and it goes up over time.                    a. Variable Expense

    2.   _____ An unplanned cost that comes up from time-to-time.                                     b. Mortgage

    3.   _____ A list that shows how your money was earned and spent.                                 c. Fixed Expense

    4.   _____ A cost that does not change from month-to-month.                                       d. Utilities Expense

    5.   _____ Borrowing money to buy property, and agreeing to pay the money back to the lender.     e. Budget

    6.   _____ A cost that is charged for home services such as water, gas, electricity, and phone.   f. Interest Income

    7.   _____ A cost that changes from month-to-month.                                               g. Miscellaneous Expense
3. Monthly Budget Plan Pre-Test
Directions: You need to create a monthly budget. Follow the steps below to do so:
    1. Fill out the budget form using the estimates below.
    2. Find the “INCOME SUBTOTAL” by adding the income.
    3. Find the “EXPENSES SUBTOTAL” by adding the expenses.
    4. Find the “NET INCOME (Income – Expenses)” by subtracting the expenses from the income.

Category                                                                                      Monthly Budget Amount
INCOME:
Wages/Income
Interest Income
INCOME SUBTOTAL

EXPENSES:
Taxes
Rent/Mortgage
Utilities
Groceries/Food
Clothing
Shopping
Entertainment
Transportation
Miscellaneous/Other
EXPENSES SUBTOTAL

NET INCOME (Income – Expenses)

Music CDs $37
House Mortgage payment $211
Going to the movies $31
Donations $22
New pants $48
Put unleaded gas in car $42
Income tax $287
Food shopping $85
Electricity bill $66
Interest from a bank $163
Income from working at the pizza store $604

Is your income greater than or equal to expenses? If income is greater, then where might the extra money goes
toward? If expenses are greater, then where might the expenses be reduced?

_________________________________________________________________________________________________________________________________________________

_________________________________________________________________________________________________________________________________________________

_________________________________________________________________________________________________________________________________________________

_________________________________________________________________________________________________________________________________________________

_________________________________________________________________________________________________________________________________________________

_________________________________________________________________________________________________________________________________________________
4. Word Problems Pre-Test
Directions: Solve the world problems below. Show your work on the paper. You may use a calculator to help you.

1. In February, Isabella spent $1,221.00 on rent, $186.00 on food, $112.00 on clothing, and $99.00 on entertainment and
  miscellaneous. If Isabella's budget is $1,888.00 then how much was Isabella able to save? _______________


2. Hannah spent $648.00 for the month, while monthly income was $1,155.00. How much money did
  Hannah have at the end of the month? _______________


3. Aidan took a trip and thought about staying at an upscale hotel for $166.00 a night for 2 nights. If
  instead Aidan stayed at a nearby motel, the price would be $94.00 a night. How much would Aidan
  save by staying at the less expensive motel? _______________



4. Nicholas normally shops at designer clothing stores. $99.00 was the total amount that Nicholas spent on clothes for the
  month. If Nicholas instead bought similar clothes at a discount store, the cost would have been $12.00. How much more did
  Nicholas need to budget for buying the designer clothes? _______________


5. For the month of September, Olivia budgeted $1,359.00 for rent, $196.00 for food, $127.00 for clothing, and $141.00 for
  entertainment and miscellaneous. How much was Olivia's budget? _______________


6. Caleb spent $28.00 on average for each of the 6 times Caleb went to eat at restaurants. By eating at home, it would have
  averaged just $4.00 a meal. How much more did Caleb need to budget for eating at restaurants instead of eating at home?
  _______________
5. Budget Word Search

     L     I   S   M    Y   U     Q    C   B   Y   S   G   R   C   N   H   G   I   A   O

     Q     U   C   I    F   G     T    E   G   Y   P   D   A   G   E   E   W   Q   G   M

     N     F   J   S    C   D     L    M   M   S   Z   A   M   X   U   O   E   C   U   J

     W     X   B   C    Z   O     C    O   Y   R   O   V   V   F   W   P   U   S   F   E

     I     A   N   E    A   L     R    C   I   P   L   Z   L   L   S   X   P   H   R   B

     Y     T   I   L    I   T     U    N   L   I   D   G   J   E   U   T   T   R   X   B

     E     Q   V   L    G   I     T    I   Z   E   M   O   E   X   L   L   S   I   M   O

     W     N   H   A    L   E     L    D   N   S   C   K   J   J   W   E   E   F   S   F

     B     V   G   N    R   F     C    I   J   S   K   M   F   U   S   M   I   M   R   E

     O     E   D   E    X   I     F    D   Z   W   B   F   A   N   W   X   N   G   D   G

     A     Z   S   O    D   Y     A    I   I   W   V   N   E   H   L   U   Z   M   P   O

     Z     T   M   U    Q   K     V    B   D   N   K   P   Y   N   J   L   Q   K   X   E

     Q     E   P   S    L   F     U    N   L   O   X   V   L   U   C   M   T   J   I   F

     O     K   B   S    K   D     W    U   I   E   G   O   J   T   V   T   L   B   O   R

     J     F   N   T    G   L     L    S   O   D   H   O   J   Z   K   S   V   E   D   Y

     B     W   Z   E    P   Q     R    L   A   D   Z   C   H   X   G   X   G   X   U   X

     V     A   T   J    U   M     J    U   H   Y   F   T   H   K   Q   C   M   P   C   A

     E     J   N   W    K   L     G    A   M   X   Y   H   I   O   O   R   M   I   B   B

     V     W   Q   W    W   N     S    A   T   J   F   Q   U   U   J   E   M   C   M   T

     F     P   C   T    T   Q     M    P   P   C   C   W   X   H   P   O   J   O   A   T



BUDGET                          EXPENSE                FIXED
INCOME                          INTEREST               MISCELLANEOUS
MORTGAGE                        TAX                    UTILITY
VARIABLE

				
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