Lesson 4: Final Assessment Objective: Students will be able to evaluate their own personal cash flow and net worth statements.

Slides:



Advertisements
Similar presentations
Mrs. Wilson Business Essentials. This lesson provides information about money management basics and the reports used to measure financial progress.
Advertisements

These Graphs Represent An Average of Detailed Records of Farms Enrolled in Farm Management Programs located in North Central North Dakota (Region 2) and.
Constructing a Net Worth Statement
29 April 2015Project Evaluation1 1. Fundamentals Decision Making, Cost Theory, Break Even Analysis, Financial Statements, Financial Ratios, Time Value.
Financing Corporations Oct 8, Four Types of Cash Flows 1. Lump Sum Type Time 2. Annuity Type Time 3. Bond Type Time 4. Irregular Payment Type Time.
Statement of Cash Flows Barbara Clemenson, CPA, CFRE.
Warm-up List everything you own (assets) that could be sold for cash? List the estimated value. – Examples: car value, savings accounts, checking accounts,
Computational Methods for Financial Applications SCC 2301 Frederick H. Willeboordse
Managing Finance and Budgets
Quiz #1 You decide to sell candies at a soccer game during December 2003 at the Rose Bowl to make some extra money. You have the following transactions:
Asset&Liability Management
Copyright © 2003 Center for Farm Financial Management, University of Minnesota Financial Plan Your lender wants to know if your business will be financially.
PERSONAL FINANCIAL STATEMENTS Chapter How Much Money Will You Earn in Your Lifetime?  From the U.S. Census Bureau, Current Population Survey, Educational.
Agribusiness Library LESSON L060087: CALCULATING NET WORTH.
Return on Investment – Net Present Value Method By R. S. Miolla.
Money Management Strategy
Monday January 30 th Personal Finance 1. Journal: 5 reasons you need to budget Journal Which reason is most important to you and why? How can you start.
Time Value of Money Managerial Accounting Prepared by Diane Tanner University of North Florida Chapter 14.
Accounting Bellwork 3 rd Hour: A Matter of Ethics p213.
Personal Finance – An Introduction Dr. Steven M. Hays Personal Finance BKHS – Fall 2011.
Dear God – I know that You are the source of all that I need to get through each day. I need to look for your wisdom and strength to make my day easier.
Section 1Organizing Financial Records Budgeting How do your spending options fit: Day-to-day financial activities necessary to get the most from one’s.
CHAPTER THREE: MONEY MANAGEMENT & STRATEGY UNIT ONE PLANNING PERSONAL FINANCES “I didn't end up going bankrupt... I made some great investments and I held.
CHAPTER 3 MONEY MANAGEMENT STRATEGY. WHAT YOU’LL LEARN When you have completed this section (3.1), you’ll be able to: Discuss the relationship between.
COMMUNICATING KEY TERMS CHAPTER 3 MONEY MANAGEMENT STRATEGIES NAME TEACHER DATE NAME, TEACHER AND DATE1.
W.I.S.E. INVE$TOR$ CLUB Stock Study Guide Sections 2 & 3 Created by: Marlene A. Jordan.
Copyright © 2006 McGraw Hill Ryerson Limited3-1 prepared by: Sujata Madan McGill University Fundamentals of Corporate Finance Third Canadian Edition.
Small Business Management BUS 402 Creating a Solid Financial Plan.
USING THE INFORMATION IN THE FINANCIAL STATEMENTS Financial ratios are calculated to evaluate the short-term liquidity of a company. These ratios include.
Lesson 4.1 Job Basics February 28, 2011Copyright © … REMTECH, inc … All Rights Reserved1 Introduction Why should you worry about a career when.
Personal Finance Budgeting Review. Budgeting DefinitionsTypes of Expenses Budgeting Formulas Document Storage Budgeting Potpourri
Earning Potential Amount of money you can receive based on: Amount of money you can receive based on: Level of education Level of education Career path.
Costs vs. Earnings Middle School Financial Literacy #1.
Chapter 3 Section 3.1 and 3.2.  Money Management  Spend your money on clothes or save it?  Shopping around for better deal on mp3 player?
McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. CHAPTER PLAYLIST SONGS: “Bear Necessities” from Disney’s The.
Chapter  From the U.S. Census Bureau, Current Population Survey, Educational Attainment 2009 data, in a sample of 100 Americans:55 would have some.
$200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 Budget, Yeah I am going to need that I am going.
Chapter 18: FINANCIAL STATEMENT ANALYSIS Due date for summative is the last day, December 19.
WHAT PAYS MORE WHY COLLEGE. WEEKLY EARNINGS & UNEMPLOYMENT.
User-Defined Placeholder Text Chapter 3 Money Management Strategy 3.2.
Business Management Melanie Qualm Adrianna Powell Spencer Colgan Jordan Olson.
Education and Advancement Personal Finance. Objectives: After completing this lesson you will be able to: Find resources to explore interests, aptitudes,
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 16-1 Business Decisions Using Present Values.
money you have in a bank either in checking (where you can use the money with an ATM card or by writing a check) or savings (where you earn interest)
Objective: Students will learn how to prepare a budget and identify the difference between financial planning and personal budget.
BMGT 220, Discussion #2 Kristian Sooklal (cell) | (text)
Ch Personal Finance Personal Finance. How much money will the average American earn in their working lifetime? (35 years) How much money will the.
Gross Income the total amount of money one earns Ex. $6.15 an hour Multiplied by 40 hrs. per week_______________ Multiplied by 52 weeks per year________________.
Copyright © 2003 Center for Farm Financial Management, University of Minnesota Financial Plan Your lender wants to know if your business will be financially.
The Balance Sheet. What is a Balance Sheet? A financial statement that shows the company’s assets, liabilities, and net worth (also known as equity) on.
Budget Notes Gross Income: the total amount of money one earns Ex. $7.25 an hour Multiplied by 40 hrs. per week______________ Multiplied by 52 weeks per.
Value of Education Mr. Hernandez. What does Education mean? Finishing Clark Middle Finishing Clark Middle Graduating from High School Graduating from.
BUDGETS AND BALANCE SHEETS Chapter 4. OBJECTIVES Explain the steps involved in creating a budget Describe the steps involved in creating a personal balance.
Published by Flat World Knowledge, Inc. © 2014 by Flat World Knowledge, Inc. All rights reserved. Your use of this work is subject to the License Agreement.
Personal Financial Statements Chapter 12 Personal Financial Statements The Balance Sheet.
Capital Budgeting 2 Dr. Clive Vlieland-Boddy. Investment Appraisal.
Selecting a Good Post Secondary Training or College Program By Dean Berry, Ed. D. This PowerPoint represents the first half.
November 2005 Planning and Budgeting Instructor: xxxx.
Accounting: Decision Making by the Numbers
THE TIME VALUE OF MONEY “A Dollar Today is Worth More than a Dollar Tomorrow”
Understanding the Economics of One Unit  One way to analyze profitability is to look at how much profit the business makes every time a customer buys.
By Megan Rees. Accounting The average accountant makes $53,000 a year. Starting salary averages at $50,500 By mid-career, they average at $67,000 The.
Budgeting and Record Keeping. Financial Planning ► Financial Plan- An _____ program for spending, saving, and investing the money you earn.
OUR Dream Career Nina and Tracy CLIP 3A In QCC
Final Monthly Budget Financial Literacy Monthly Budget.
Chapter 3 Financial Statements.
Section 3.2 Personal Financial Statements
LESSON 18-3 Completing the Statement of Cash Flows
4 October 2018 Financial Algebra.
LESSON 18-3 Completing the Statement of Cash Flows
Presentation transcript:

Lesson 4: Final Assessment Objective: Students will be able to evaluate their own personal cash flow and net worth statements

Net Worth Review Assets – Liabilities= Net worth

Cash Flow Money coming in – money going out= flow of cash in your budget (life style)

What is a day’s education worth? Speaking of net worth. How much are you getting paid to be here today? Write down a number Over a 40 year working career you would be making about:

Value of a Day’s Education Average lifetime earnings for a high school graduate with no other certifications or degrees - $1,200,000 Average lifetime earnings for a college graduate with no other degrees- 2,100,000 Difference = $900,000 Divide $900,000 by 4 years of high school = $225,000

Value of a Day’s Education $225,000 earnings per year in high school $225,000 divided by 180 = $1250 (earnings per day at school) $1250 divided by 6 hours per day in class = $ dollars per hour. Summary: $208.33(one hour’s pay) x 180 (days) x 4(years) x 6 hours in class) = $900,000 more over your lifetime.

Take Home Quiz: Complete and turn in tomorrow Net Worth Statement due tomorrow Good Luck

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com Inc. All rights reserved.