2 nd Topic X: Budgets

Transcription

1 Date:02/09-12/ nd Class Objective: Apply the concept to model exponential growth and decay. Apply the concept to visualize and interpret a budget using a pie chart, a bar graph, and a line graph Agenda: Bell ringer (ex: 35,36 page 427) Vocabulary: A budget Examples (page ) Class work (page 339) Closing Activity Homework

2 . 1 st Topic X: Budgets Bell ringer ex: 2 page 494 A pay phone at a shopping mall changes $0.68 for the first four minutes and $0.21 for each extra minutes ( or part of a minute) a) Find the cost of 10-minute call on this phone. b) Find the cost of minute call on this phone. a) ( m 4) b) ( m 4) min

3 . 1 st Topic X: Budgets Bell ringer 0.27 * $ is spent on shopping

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8 Construct a pie chart to show the expense percentages Category % Housing 35.4 Food 10.8 Transportation 20 Health 0.2 Personal & Family 2.7 Finance 14.1 Other 16.8

9 Construct a pie chart to show the expense percentages Joseph's Monthly Budget Personal & Family, 2.7 % Health, 0.2% Other, 16.8 % Finance 14.1% Transportation 20 % Housing, 35.4 % Food, 10.8 % Housing Food Transportation Health Personal & Family Finance Other

10 Construct a bar graph to show the expense percentages Joseph's Monthly Budget %

11 Construct a line Graph to show the expense percentages Joseph's Monthly Budget %

12 Example 1: Create a year-long budget check off matrix that keeps track of the following household expenses and they are due. Mortgage: monthly Utilities: monthly Sanitation: quarterly Insurance: semiannually Internet: semiannually Land line Telephone: monthly Cellular Telephone: monthly Lawn and Garden: monthly, April-September only Snow Removal: November, January, March only Food: monthly Childcare: every other month beginning with February Vet expenses: semiannually

13 Example 1: Create a year-long budget check off matrix that keeps track of the following household expenses and they are due. Mortgage: Utilities: Sanitation: Insurance: Internet: Land line Telephone: Cellular Telephone: Lawn and Garden: Snow Removal: Food: Childcare: Vet expenses: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

14 Example 1: Create a year-long budget check off matrix that keeps track of the following household expenses and they are due.

15 Example 2 page 499 Jeff budgets his monthly expenses as follows. Household: 40% Education: 25% Transportation: 15% Health: 5% Savings: 10% Miscellaneous: 5% He used a software program to construct this pie chart to show his expense percentages. How did his category percentages affect the construction of the chart?

16 Example 2 page 499 Jeff budgets his monthly expenses as follows. Household: 40% Education: 25% Transportation: 15% Health: 5% Savings: 10% Miscellaneous: 5% Category % Measures of the central angles Household 40% 0.40 x 360 =144 0 Education 25% 0.25 x 360 =90 0 Transportation 15% 0.15 x 360 =54 0 Health 5% 0.05 x 360 =18 0 Savings 10% 0.10 x 360 =36 0 Miscellaneous 5% 0.05 x 360 = %

17 Example 2 page 499 Jeff budgets his monthly expenses as follows. Household: 40% Education: 25% Transportation: 15% Health: 5% Savings: 10% Miscellaneous: 5% Category % Measures of the central angles Household 40% 0.40 x 360 =144 0 Education 25% 0.25 x 360 =90 0 Transportation 15% 0.15 x 360 =54 0 Health 5% 0.05 x 360 =18 0 Savings 10% 0.10 x 360 =36 0 Miscellaneous 5% 0.05 x 360 = %

18 Example 4 page Construct a bar graph using the information about heathrelated costs from Sample B on page 496. Total

19 Ex 5 Pg 504 : Use the pie chart of a person s monthly income a) Suppose the total monthly income is $ 5,800 Determine the Monthly Income Interest amount for each income category. 5% b) Suppose the income from the secondary job was $ 1,225. What would be the total monthly income? c) Suppose the income from interest was $ 315. What would be the income from the primary job? Dividends 10% Secondary Job 25% Primary job 60% Primary job Secondary Job Dividends Interest

20 Ex 5 Pg 504 : Use the pie chart of a person s monthly income a) Suppose the total monthly income is $ 5,800 Determine the Monthly Income amount for each income category. Category $ Primary job Secondary Job Dividends Interest 5, , ,480 1, , , 450 Dividends 10% Secondary Job 25% Interest 5% Primary job 60% , Primary job Secondary Job Dividends Interest

21 Ex 5 Pg 504 : Use the pie chart of a person s monthly income b) Suppose the income from the secondary job was $ 1,225. What would be the Monthly Income total monthly income? Interest $ 1,225 x 100% 1, % 4,900 Dividends 10% Secondary Job 25% 5% Primary job 60% Primary job Secondary J Dividends Interest The total monthly income would be $4,900

22 Ex 5 Pg 504 : Use the pie chart of a person s monthly income c) Suppose the income Monthly Income from interest was $ 315. Interest Dividends What would be the 5% 10% income from the primary Primary job? job 60% $ 315 5% x 100% The income 6,300 Secondar y Job 25% $ 6, % x 60% ,780 Primary job Secondary Job Dividends Interest from the primary job would be $3,780

23 Example 4 page Construct a bar graph using the information about heathrelated costs from Sample B on page 496. Health Related Expenses , $

24 Exit ticket page 504 Name: date: Ex 3 Pg 504 : Create a year-long budget matrix to chart these expenses : Savings: $600 bimonthly (starting in January) Retirement account: $2,000 quarterly Checking account: $1,000 semi-monthly Credit card: $500 monthly Life insurance: $400 semi-annually. Real state taxes: $1,300 every four months, beginning in April.

25 Ex 3 Pg 504: Create a year-long budget matrix to chart these expenses : Savings: Retirement : checking: Credit card: Life insurance: Real states taxes: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

26 Ex 3 Pg 504 : Create a year-long budget matrix to chart these expenses : Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Savings: Retirement : 2,000 2,000 2,000 2,000 checking: 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 Credit card: Life insurance: Real states taxes: 1,300 1,300 1,300

27 Ex 4 Pg 504 : Use the pie chart of a monthly entertainment budget a) Suppose $ 600 was budgeted. Determine the exact amount for each category: b) Suppose $ 72 was budgeted for day trips. What would be the total amount budgeted for entertainment? c) Suppose $ 310 was budgeted for the summer vacation. What would be the total amount budgeted for entertainment? Entertainment Budget Weekend Trip, 20, 20% Day Trip, 10, 10% Movie rental 10% Concerts, 20, 20% Summer Vacation, 40, 40% Summer Vacation Concerts Movie rental Day Trip Weekend Trip

28 Ex 4 Pg 504 : Use the pie chart of a monthly entertainment budget a) Suppose $ 600 was Entertainment Budget budgeted. Determine the Summer exact amount for each Vacation Weekend Concerts category: Trip, 20, 20% Summer Vacation 40 % = $ Concerts 20 % = $ Movie rental 10 % = $ Day Trip 10 % = $ Weekend Trip 20 % = $ Day Trip, 10, 10% Movie rental 10% Concerts, 20, 20% Summer Vacation, 40, 40% Movie rental Day Trip Weekend Trip

29 Ex 4 Pg 504 : Use the pie chart of a monthly entertainment budget b) Suppose $ 72 was budgeted Entertainment Budget for day trips. What would be Summer Vacation the total amount budgeted for Weekend Concerts entertainment? Trip, 20, 20% $ 72 x 10% 100% Day Trip, 10, 10% Movie rental 10% Concerts, 20, 20% Summer Vacation, 40, 40% Movie rental Day Trip Weekend Trip The total amount budgeted for entertaiment $720

30 Ex 4 Pg 504 : Use the pie chart of a monthly entertainment budget c) Suppose $ 310 was budgeted Entertainment Budget for the summer vacation. What Summer Vacation would be the total amount Weekend Concerts budgeted for entertainment? Trip, 20, 20% $ % x 100% Day Trip, 10, 10% Movie rental 10% Concerts, 20, 20% Summer Vacation, 40, 40% Movie rental Day Trip Weekend Trip The total amount budgeted for entertaiment $775

31 Class work Workbook ex: (1-7) Page

32 Homework Workbook ex: (8-11) Page