bellringer - 01.04.12

3rd 9-weeks Bellringers

1. Can people trust you to keep your promises? How might this question affect your ability to accumulate wealth?



2. What is the interest formula?

bellringer - 12.08.11

39. Simple interest can be paid annually, _________________, or ________________.



40. Banks pay interest to you as an incentive to deposit your money. In turn, the banks lend your money to someone else at a higher interest rate than you are paid. The difference between the amount paid to you and collected from the borrower is ______ that the bank keeps.

REMEMBER--YOUR BELLRINGERS ARE DUE TODAY! SO, PLEASE DROP THEM.

bellringer - 12.06.11

37. What does the dreaded acronym NSF mean?



38. Do savings accounts usually provide the depositor with compound interest? What about loans?

bellringer - 12.02.11

35. What do some marriages [comme ce de mon frère :( ] and bank records have in common?



36. Use Safari to create a bookmark folder named, finance. Then use a search engine to locate and bookmark at least four local financial institution home pages.

bellringer - 11.30.11

33. What does MICR mean? Where can this number be found?



34. What is the difference between an account balance and an available balance?

bellringer - 11.28.11

31. What day is typically "Black Friday"? What is today considered?



32. What does PIN mean?

bellringer - 11.21.11

29. The subtotal you find on a deposit slip may be thought of as the _____ deposit. The amount you get after subtracting cash received may also be called the ___ deposit.



30. Please list three things that a good account summary should contain.

bellringer - 11.17.11

27. Please name three numbers that appear at the bottom of checks.



28. On a deposit slip, the fourth row of blank spaces is a total of what?

bellringer - 11.15.11

25. What is the term used to describe the signing of a check so that it might be cashed?



26. When you deposit money into a checking account, you should fill out a _______________ ______.

bellringer - 11.11.11

23. What name is given to the employee who greets customers and handles basic banking transactions at a bank? Why might it be a good idea for all banking executives to have had experience at this level of work at one point in their careers?



24. Banks have corporate offices, main offices, and _____________ where local customers go to handle their daily or weekly banking needs. 

bellringer - 11.09.11

21. What is a pension?



22. Please list at least three services banks provide.

bellringer - 11.04.11

19. Budgets include ____________ income and _____________ and _____________ income and ________________.



20. Expenses, such as telephone bills, transportation expenses, and personal expenses, while they occur ________________, vary in amount. Those expenses are called ______________, or _____________, expenses.

bellringer - 11.2.11

17. What do the M+ and MR features of a calculator do? Do you know how to properly use them?



18. _________ is more important to a person at work than any other communication skill. The average employee spends _____% of all communication time listening to others. Please list at least two tips to improve your active listening skills.

bellringer - 10.31.11

15. For this bellringer, create a folder in finder (or on your flash drive) and use the links below to save a copy of these forms to it.

1040A     http://www.irs.gov/pub/irs-pdf/f1040a.pdf

1040EZ   http://www.irs.gov/pub/irs-pdf/f1040ez.pdf

1040        http://www.irs.gov/pub/irs-pdf/f1040.pdf

16. For this bellringer, please click on the link below and bookmark the site.

http://revenue.ky.gov/forms/

bellringer - 10.27.11

13. If ten people live in a system which requires $10,000 to run annually, would it be better for them to use a graduated or flat tax? What information is missing in order for you to make a proper decision?



14. Do you have a checking or savings account? If so, is there a charge for having the account? Is there a minimum amount you have to maintain in the account?

bellringer - 10.25.11

11. What is the difference between a cash receipt and a payment record?



12. For this bellringer, you need to open a Pages document. We will be writing a brief letter. The document should be saved as: last, first - tax letter.

bellringer - 10.21.11

9. What is the due date for taxes to be filed in the USA?



10. What is the difference between a flat tax and a graduated tax?

bellringer - 10.19.11

7. Can you list the three tier system of government we have in this country? This system is also used as a way of categorizing taxes.



8. What are itemized deductions? From where are these being deducted?

bellringer - 10.17.11

5. How can tangibility affect spending habits and the ability to keep track of such habits?



6. Please follow the link below, read the article, and watch the short video. (This should give you a better understanding of question 5.)

http://news.discovery.com/tech/electronic-wallets-prevent-overspending.html

bellringer - 10.13.11

3. If you were placed in charge of things, would you do away with deductions from paychecks? Please explain you reasoning.



4. Please visit the link below. Once you have read the article, please explain the gist of it.

http://www.bbc.co.uk/zhongwen/simp/business/2011/10/111010_china_us_yuan.shtml

bellringer - 10.11.11

2nd 9-weeks

1. Did you attempt to stick to some form of budget during the Fall Break?



2. Please list at least three types of deductions? What are these deducted from? To calculate what?

bellringer - 9.30.11

31. Have you ever had any form of deduction taken from a payment you received?



32. For this bellringer, you simply need to drop your bellringers 1 document to me and prepare a bellringers 2 document to be used for the 2nd 9-weeks.

bellringer- 9.28.11

29. What is the difference between a withholding tax and a withholding allowance?



30. What is another term for employee benefits?

bellringer - 9.26.11

27. What is the formula for Net Pay?



28. When was the first federal income tax imposed?

bellringer - 9.20.11

25. What does piece-rate mean?



26. What does per diem mean?

bellringer - 9.16.11

23. Quantity Sold x Rate of Commission = __________________.



24. Rate of Commission = Amount of Commission / ___________.

bellringer - 9.14.11

21. What is the definition of commission?



22. If a waitress works a 10 hour shift and receives 2 hours of overtime for doing so, she makes $3.00 per hour and earns and exact 20 percent commission on her total sales of $400.00 from the tables she worked, how much does she earn for the day's work?

bellringer 9.12.11

19. What is "overtime" and how is it calculated?



20. What is another phrase for overtime (also states how it is calculated)?

bellringer - 9.8.11

17. If you are one of four hourly wage employees, how much less (per hour) than the average pay do you make given the following information? You make $7.25 per hour, Employee A makes $8.00 per hour, Employee B makes $10.25 per hour, and Employee C makes $9.75 per hour.



18. From the above information, find the answer to this problem. What is the average pay for the four employees per week given the following? You work 40 hours, Employee A works 35 hours, Employee B works 40 hours, and Employee C works 30 hours.

bellringer - 9.6.11

15. What is the formula for calculating gross pay?



16. What is another name for average?

bellringer - 9.1.11

13. If you are paid $8 an hour and work 8 hours a day for 5 days, how much is your gross pay?



14. If you were to choose between a weekly salary of $500 or an hourly wage of $14.50, which would give you a greater gross pay in a month given that the job would require exactly 8 hours of work per day for 5 days each week?

bellringer - 8.30.11

11. What are some differences between an hourly wage and a salary?



12. Differentiate among gross pay, average pay, and net pay.

bellringer - 8.26.11

9. For this bellringer, please locate the Math section of the character palette on your MacBook. After you have found this, please insert eight (not ∞ but 8) symbols below. Oh, you may not use the characters that are on your keyboard (@#$%^&* etc.).



10. For the bellringer, please insert the entire Greek alphabet below. Once you have done this, answer these questions: what crisis has Greece recently had and why did this upset the average German citizen? (Hint: €) Finally, what does the Greek letter Δ (delta) often represent? 

bellringer - 8.24.11

7. You will be taking the MAP test today in Room 229B (my room). Please report to this room promptly and make sure you follow the directions as they are presented to you.



8. What does the acronym MAP mean?

bellringer - 8.22.11

5. What does it mean to diversify funds?



6. How do you diversify your funds?

bellringer - 8.18.11

3. What does it mean to barter?


4. What is an exchange rate?

bellringer - 8.16.11

1. This is the initial bellringer for this class. For this bellringer, you are to create a Pages document. The document should be saved into your course folder and named: last, first - bellringers 1. Once you have done this, you should title the document and copy questions 1 and 2 into it. Finally, you should answer question 2. If possible, please answer the questions in a different color font than the question. This is not absolutely necessary, but it makes scoring these much easier (you will also receive bonus points for having done so).

2. Why do you think a basic understanding of mathematical concepts might be essential to a successful business or personal household in today's society? In which areas of life will such skills benefit a business or you?