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Finance and Accounts 1: Basic Principles
Students distinguish between the terms 'cost' and 'revenue' and examine the concept of 'profit'. They analyze the difference between a profit and loss account and a balance sheet.
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Incentives, Profit and the Entrepreneur
Students discuss hypothetical problems associated with price and profit. They discuss the fairness of profit, how it should be measured, and the consequences of setting acceptable levels of profit.
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How Do You Profit From Trading Stocks?
Young scholars calculate gains and losses of stock portfolios. Although the Global Stock Game (GSG) calculates profits and losses automatically, students should learn the basic math skills in calculating their stock investment the...
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Accounting
Students explore the principals of accounting and operating a business. In this business or financial math class, students investigate business documents, day books, bookkeeping, balance sheets, etc. in this self-paced comprehensive unit.
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How Do You Profit From Trading Stocks?
Students see how to calculate the gains and losses of their stock portfolios. They use basic math skills in calculating their stock investment the old-fashioned way.
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Economics: Incentives, Profit, and the Entrepreneur
Young scholars discuss both positive and negative economic incentives. For this lecture-based lesson, they examine a simulation about profiteering drug companies and what might happen if the FDA controlled drug production.
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Income Statement
Students demonstrate the proper way to prepare an income statement. They calculate a company's Gross Profit, Operating Expenses, Income from Operation before tax and Net Income, then determine the company's net income or net loss during...
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Module 12-Self-Employment Income and the Self-Employment Tax
Students explain self-employment income and the self-employment tax. They distinguish between an employee and an independent contractor and explain how to compute and report self-employment profit.
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Break-Even Analysis Worksheet
In this analysis worksheet, students solve accounting problems when provided with variables to be used in computations. Using data provided, students must answer questions showing they understand key terms such as fixed and variable costs.