bell ringer n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Bell Ringer PowerPoint Presentation
Download Presentation
Bell Ringer

Loading in 2 Seconds...

play fullscreen
1 / 17

Bell Ringer - PowerPoint PPT Presentation


  • 196 Views
  • Uploaded on

Bell Ringer. Your bill at O'Charleys is $35.00. You generally need to tip servers 20% of your bill. How much do you tip ? Bell ringers are being collected today. Bell Ringer Answer. $44.75 * 20% = $8.95. Agenda. Bell Ringer / Announcements / Attnd . –7 mins . Collect bell ringers.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Bell Ringer' - becky


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
bell ringer
Bell Ringer
  • Your bill at O'Charleys is $35.00. You generally need to tip servers 20% of your bill. How much do you tip?
  • Bell ringers are being collected today.
bell ringer answer
Bell Ringer Answer

$44.75 * 20% = $8.95

agenda
Agenda
  • Bell Ringer / Announcements / Attnd. –7 mins.
    • Collect bell ringers.
    • Hand back graded papers
  • True Cost of Ownership Activity – 63 minutes.
    • People that DID NOT use a computer yesterday have first dibs on computers.
learning outcomes
Learning Outcomes
  • Analyze the history and evolution of credit.
  • Demonstrate various ways people get into debt.
  • Compare and contrast credit cards and debit cards.
  • Explain how the debt snowball works.
  • Evaluate and refute the myths associated with debt.
test statistics
Test Statistics

Percentage Points:

63

65

75

78

79

79

81

84

86

87

87

88

88

91

92

92

97

97

97

97

100

RAW POINTS CONVERTED TO % POINTS

A (93 – 100%) - 5

B (86 – 92%) – 8

C (79 – 85%) – 4

D (70 – 78%) – 2

U (Anything below a 70%) – 2

test statistics1
Test Statistics
  • Mean Score (Average): 86% - B
  • Median Score (In the middle): 87% - B
  • Mode Score (most repeated): 97% - A
chapter 4 vocabulary terms
Chapter 4 Vocabulary Terms
  • Annual Fee
  • Annual Percentage Rate
  • ARM
  • Balloon Mortgage
  • Credit
  • Credit Card
  • Credit Limit*
  • Debt Consolidation
  • Debt Snowball
  • Depreciation
  • Finance Charge*
  • Foreclosure
  • Grace Period
  • Home Equity Loan
  • Introductory Rate*
  • Lease
  • Loan Term*
  • Myth
  • Paradigm
  • Tax Deduction
vocabulary not in book
Vocabulary not in book
  • Finance Charge
    • A fee charged for the use of credit or the extension of existing credit. May be a flat fee or a percentage of borrowings, with percentage-based finance charges being the most common.
  • Introductory Rate
    • The low rate charged by a lender for an initial period to encourage borrowers to accept the credit terms. After the introductory period is over, the rate charged increases to the indexed rate or the stated interest rate. Often called a teaser rate or intro rate.
  • Loan Term
    • The number of months that a borrower has to repay a loan to a lender.
  • Credit Limit
    • The maximum amount of money that a credit lender will give to a borrower.
ch 4 schedule before spring break
Ch. 4 Schedule – Before Spring Break
  • Tuesday
    • Dave Ramsey Parts 1 & 2
    • Vocabulary
  • Wednesday
    • Dave Ramsey Parts 3
    • Lottery Scavenger Hunt
  • Thursday
    • Dave Ramsey Parts 4 & 5
    • True Cost of Ownership
  • Friday
    • True Cost of Ownership
review questions parts 1 and 2
Review Questions (Parts 1 and 2)
  • What percentage of Americans are living paycheck to paycheck?
  • What department store did not believe in or accept credit cards? What event and in what year led this department store to accept credit cards?
  • What motor company did not offer credit on cars?
  • In what year was the Diner’s Club founded? Who founded the club? What is the Diner’s Club?
  • In what year did the first credit card become distributed? What company is responsible for the credit card?
  • What percentage of marriages end in divorce? What is the number one cause of divorce in couples that are married for less than seven years?
  • Why should you not let a friend or relative borrow money?
review questions parts 3 and 4
Review Questions (Parts 3 and 4)
  • Why should you not co-sign on a loan for someone?
  • What percentage of millionaires are first-generation millionaires?
  • What were the total sales for lottery tickets in 2013?
  • How much does the average high school graduate spend a month on the lottery vs someone with a college degree?
  • How much is the average car payment?
review questions parts 5 6
Review Questions (Parts 5 & 6)
  • A new car loses how much of its value in the first four years?
  • When purchasing a home what type of mortgage does Dave Ramsey suggest you take out?
  • When you use cash instead of plastic you spend ________% less, because spending cash hurts.
review questions parts 1 6
Review Questions (Parts 1 – 6)
  • What percentage of Americans are living paycheck to paycheck?
  • In what year did the first credit card become distributed? What company is responsible for the credit card?
  • How much does the average high school graduate spend a month on the lottery vs someone with a college degree?
  • How much is the average car payment?
  • A new car loses how much of its value in the first four years?
  • When you use cash instead of plastic you spend ________% less, because spending cash hurts.
review questions part 7 8
Review Questions (Part 7 & 8)
  • Explain debt consolidation.
  • What is the most important key to building wealth?
  • What are the 5 steps out of debt? (5 different people to answer)
chapter 4 test
Chapter 4 Test

True / False (10 ?’s) 2 points each = 20 pts

Matching (10 ?’s) 2 points each = 20 pts

Multiple Choice (30 ?’s) 2 points each = 60 pts

Short Answer (3 ?’s) 5 points each = 15 pts

Total Points = 115 Possible Points

You may use your book, notes, and a friend.

Due Date: Friday, April 20th.

cash advance activity
Cash Advance Activity
  • Choose a ‘cash advance’, ‘title pawning’ or ‘tote the note’ business.
  • Use the guided research activity sheet to record the information that you have discovered about the business.
  • If you choose to work in partners, only ONE sheet needs to be turned in.
drive free instructions
Drive Free Instructions
  • Shop online car lots, newspaper ads, and other sources for find a great car. Please think realistically, look for a car that is 1 – 3 years old and something that you could realistically purchase. You are going to devise a plan that would allow for you to purchase that car in 20 months.
  • Record the information on the used car log sheet from Edmodo. Then figure out how much monthly savings is needed over the next 20 months to reach that goal.
  • Next, you will find two other cars that you could buy in the meantime. Start with a car around $1,500. Then, find something in the mid-range between that car and the one you are ultimately working toward. Assume that the second car will be purchased after about 10 months of saving. Fill in the required information for all three of these cars on the used car log.
  • Remember that the money used to buy the first two cars is not “lost.” You will sell the current car before buying a newer one, so you will apply the proceeds from that sale toward the purchase of the next car. Assume you will sell each car for the amount paid since they will own them for only 10 months.
  • Using the information on the used car log, create a time line of the entire 20 months. On this time line, the following needs to be included for each car purchase:
    • Purchase date – Picture of the car – Purchase price - # of months required for savings