chapter 3: recordkeeping · chapter 3: recordkeeping applied business math. bell work (15 mins)...
TRANSCRIPT
![Page 1: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/1.jpg)
Chapter 3:Recordkeeping
Applied Business Math
![Page 2: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/2.jpg)
Bell Work (15 mins)
◦Unscramble the words below:
◦NAALNU PXNEEES
◦TEGUDB HTEES
◦CENGMYEER DNUF
◦VINIGL MURAYMS
◦GINPEKERDOERC
![Page 3: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/3.jpg)
What You Will Learn
◦Students will be able to
examine how people
manage their money, so
that students can figure
out how much money is
needed to live on and
where to spend it.
![Page 4: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/4.jpg)
Why It Is Important
◦ Keeping track of money that you
spend is wise money
management.
◦ Budgeting allows you to pay all
your bills on time.
◦ It helps you implement a plan so you
can afford higher priced items
through long-term savings.
![Page 5: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/5.jpg)
Section 1: Average Monthly Expenditures
◦Recordkeeping is a way for
you to manage your money.
◦Record your monthly
expenditures, or the items
you spend your money on.
◦You can use a budget sheet
to record your expenses.
![Page 6: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/6.jpg)
How to Find Average Monthly Expenditure
𝑨𝒗𝒆𝒓𝒂𝒈𝒆𝑴𝒐𝒏𝒕𝒉𝒍𝒚 𝑬𝒙𝒑𝒆𝒏𝒅𝒊𝒕𝒖𝒓𝒆 =𝑺𝒖𝒎 𝒐𝒇𝑴𝒐𝒏𝒕𝒉𝒍𝒚 𝑬𝒙𝒑𝒆𝒏𝒅𝒊𝒕𝒖𝒓𝒆𝒔
𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇𝑴𝒐𝒏𝒕𝒉𝒔
![Page 7: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/7.jpg)
![Page 8: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/8.jpg)
In-class Example 1
Amy and Todd Irving’s monthly expenses for June, July, and
August are as follows: June, $3260; July, $3537; and August,
$3430. Find the average monthly expenditures of the Irvings.
![Page 9: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/9.jpg)
In-class Example 2
The Benson family has weekly grocery bills in April for the
amounts of $90.85, $106.24, $79.87, and $101.16. What is
their average weekly expense for groceries?
![Page 10: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/10.jpg)
![Page 11: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/11.jpg)
![Page 12: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/12.jpg)
![Page 13: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/13.jpg)
Class Activity (20 mins)
Work on the provided work sheet on a lined paper.
Once you are done, turn it in and place it in your respective class stack.
![Page 14: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/14.jpg)
Personal Finance Software (20 mins)
Work in groups of three.
1Look on the Internet for different types of personal finance software.
2Compare prices, features, and so on.
3
Create a poster or presentation to share the results of your research to the class.
4
![Page 15: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/15.jpg)
Bell Work (10 mins)
◦Find the monthly average expenditures:
![Page 16: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/16.jpg)
Section 2: Preparing a Budget Sheet
◦Living expenses include food, utility
bills, pocket money, and so on.◦ These vary from month to month.
◦Fixed expenses are expenses that do
not vary from one month to the next. ◦ One example of a fixed expense is rent.
◦Annual expenses are expenses that
occur once a year.◦ Examples include insurance premiums and
real estate taxes.
![Page 17: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/17.jpg)
HOW TO FIND TOTAL MONTHLY EXPENSES
![Page 18: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/18.jpg)
![Page 19: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/19.jpg)
Concept Check
![Page 20: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/20.jpg)
![Page 21: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/21.jpg)
![Page 22: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/22.jpg)
Section 3: Using a Budget
◦Expense summary is a
monthly budget report that
compares the amounts
you spend to the amounts
you have budgeted.
◦Emergency fund is extra
monies set aside to be
used for unpredictable
expenses such as medical
bills and vehicle repairs.
![Page 23: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/23.jpg)
![Page 24: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/24.jpg)
![Page 25: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/25.jpg)
![Page 26: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/26.jpg)
![Page 27: Chapter 3: Recordkeeping · Chapter 3: Recordkeeping Applied Business Math. Bell Work (15 mins) Unscramble the words below: NAALNU PXNEEES TEGUDB HTEES CENGMYEER DNUF VINIGL MURAYMS](https://reader035.vdocument.in/reader035/viewer/2022081420/5fd50d104685c27dbe4b0f01/html5/thumbnails/27.jpg)
Class Activity (25 mins)
Work on the given class
activity.
Once you are done, turn it in and place it in
your respective class stack.