Tuesday, March 9, 2010

College Accounting

PR 7-1A - due Monday

Purchases: Merchandise Inventory
AP

Sales: COMS
Merchandise Inventory
Cash (for sale amount)
Sales
Part 2

Sunday, March 7, 2010

Week of March 8th 2010

I will be checking the blog page - you can post any and all questions you may have!

College Accounting Students - Tuesday - Friday you will watch Catch Me if You Can. There will be questions to be answered and submitted to substitute for a test grade
***READ Ch. 7 - Inventory - We will continue on Monday 3/15

Accounting Students - Math Worksheet - Quiz grade - no late assignments will be accepted unless you were absent on Tuesday 3/9
Work Together 12-1,2.3 & 4; On Your Own 12-1,2,3 &4; Application 12-1,2,3 &4; Mastery 12-5; Challenge Problem 12-6 are due on Monday 3/15 and will be your test grade for Ch. 12

Introduction to Business: Current Event assignment are due Monday 3/15 - no exceptions

Monday, January 4, 2010

Introduction to Personal Finance - Automobile Project

Automobile Insurance Project

Part I – Purchasing a Car

Answer the following questions based on the Purchase of a New Car:
What type of car do you want to buy?
What is the base price?
What options are you adding?
How much does each option cost?
What is the destination charge?
What is the sticker price?
What is the total purchase price of the car excluding sales tax and DMV fees?

Answer the following questions based on the Purchase of a car older than 2009:
What type of car do you want to buy?
What is the base price?
What options are you adding? If Applicable
How much does each option cost? If Applicable
What is the destination charge? If Applicable
What is the sticker price?
What is the total purchase price of the car excluding sales tax and DMV fees?

1) Find a purchase price from any site other then KellyBlueBook
2) Go to www.kbb.com; compare the retail price as per Kelly Blue Book and determine how much you should offer to pay for the car?

Part II – Financing the Car – Choose to use New or Used Car from above

Answer the following questions:
If you financed 75% of the cost of the car, how much is your downpayment?
How much is left to finance?
Using the Internet, find a car loan.
What is the interest rate?
If you were to pay this loan off over 5 years, what would be your monthly payment? How much would you pay in interest over the course of the loan?

Part III - Insurance

Using www.insweb.com or any website of your choice - determine the insurance for your vehicles.

For the basic information, you will be a 21 year old with a license for 2 years, no accidents or claims.
Decide the level of coverage to obtain a price quote.
Why did you make the selection that you did?
How much will the premium be?

Part IV – Conclusion

Print out ALL corresponding materials after you generate an insurance quote.

Write a check for the first month premium to the Insurance Co. you have chosen. – Blank Check file is on Assignment Drive

Sunday, January 3, 2010

LifeSmarts.org

To all of Mrs. Kelly's classes

On Wednesday January 6th I will not be in class as I will be chaperoning the DECA Regional Competition at SCC.

Today you will log onto any computer and access the LifeSmarts.org website.


LifeSmarts – The ultimate consumer challenge
Today we will create a LifeSmarts account and begin taking practice exams. Challenge yourself and increase your level of competition with each practice exam. Until we take the online competitive test, your job is to practice at home. Be sure to remember your log on information to practice at home.

How Do I Get Started?
Follow these simple steps to begin practicing:

Go to www.lifesmarts.org
Click on: “Start the Game”
Click on: “Register Here”
Choose your state from “Before you begin”
Follow the simple steps to register; create a user name and password
The first time you log in you will take a 15-question pre-test. After you finish the pre-test, you can begin taking the practice quizzes, remember challenge yourself with more difficult practice test each time


*** You will need the TEAM CODE to join the OFFICIAL competition ****
This will be provided for in class when the official exam is given
DO NOT JOIN THE COMPETITION now