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.

Students 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...

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.

Students explore the principals of accounting and operating a business.  For this business or financial math class, students investigate business documents, day books, bookkeeping, balance sheets, etc. in this self-paced...

Students discuss both positive and negative economic incentives. In this lecture-based lesson, they examine a simulation about profiteering drug companies and what might happen if the FDA controlled drug production.

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.

Sixth graders explore profit and loss in the wheat trading market.  In this sixth grade mathematics instructional activity/social studies instructional activity, 6th graders play a “Wheat Market Trading Game” in order to investigate...

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...

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.

Students investigate a small business and its profitability. In pairs, as they research a business adventure, students consider the capital outlay, maintenance, office space, prices, insurance, and profit and loss statements. Students...

Students analyze how the performance of a company affects its stock value resulting in profits or losses. They simulate buying stock and earning dividends.

Students explore U.S. History by analyzing the Great Depression. In this economic instability lesson, students read fictitious accounts of a farm dealing with the loss of a Strawberry Farm and discuss the reasons behind the loss....

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.

This resource contains a brief description of what an income statement is and how it can benefit your business. Download an income statement template to use for your own business.

Income for most people is determined by the market value of the productive resources they sell. What workers earn depends, primarily, on the market value of what they produce and how productive they are.