Transparency 1-1JA BizTown Citizen Pledge

AsacitizenofJA BizTown,Ipledgeto

•respectallcitizens. •beresponsibleandhonest. •tellthetruth. •workandtakebreaksatassignedtimes. •helpothercitizens. •vote. •obeytherulesandlawsofJA BizTown. •paytaxestoJA BizTown.

IpromisetofulfillmydutiesasacitizenofJA BizTown.

U1 -8

Transparency 1-2Basic Economic Questions

What’sthenameofyour

product?

Howdidyouorganizeyour

resources?

Howmanydidyouproducein

15minutes?

Howmanydopeople

want?

U1 -19

V E G O O D Z C I T I Z E N S R X S E R V I C E N J C D Y H Q E H T S S M Y M O N O C E A C S S E N I S U B L K V E A R F H Q P T Y E N O M G L C W E I N I M O F W S D P U A R O V X R F K S N H U M A N R U L V G Y S E L X S Q F R K U O F N L C O M M U N I T Y M T S E B S A V E Z B Y L B M F A E D L J L T T I F O R P I F N R A F D W Y I S C I R C U L A R R Z J X A O P M A R K E T I C T M J E T Z Y A O G R L I K T I G D W B C Q M C E L P O E P Y O

COMMUNITYECONOMYRESOURCECITIZENGOODSERVICECIRCULAR

FLOWMONEYBUSINESSPROFITTRADERESPONSIBILITYCAPITAL

MARKETHUMANNATURALPEOPLESHARE

Transparency 1-3Word Search Answers

U1 -27

Transparency 1-4Do You Have Enough?

Listentothestoriesoftheeightfamilies.Recordthenumberofpeopleinthefamily,itsresourceunits,andhowmuchfood,clothing,andshelteritgot.

1.TheTrevinofamilyhas_____familymemberwith_____resourceunits.

Thefamilybought_____food,_____clothing,and_____shelterunits.

2.TheSmithsonfamilyhas_____familymemberswith_____resourceunits.

Thefamilybought_____food,_____clothing,and_____shelterunits.

3.TheWellerfamilyhas_____familymemberswith_____resourceunits.

Thefamilybought_____food,_____clothing,and_____shelterunits.

4.TheFordfamilyhas_____familymemberswith_____resourceunits.

Thefamilybought_____food,_____clothing,and_____shelterunits.

5.TheZhaofamilyhas_____familymemberswith_____resourceunits.

Thefamilybought_____food,_____clothing,and_____shelterunits.

6.TheDavilafamilyhas_____familymemberswith_____resourceunits.

Thefamilybought_____food,_____clothing,and_____shelterunits.

7.TheKovacfamilyhas_____familymemberswith_____resourceunits.

Thefamilybought_____food,_____clothing,and_____shelterunits.

8.TheJohnsonfamilyhas_____familymemberswith_____resourceunits.

Thefamilybought_____food,_____clothing,and_____shelterunits.

U1 -39

1. Trecia,theTeller,counted 15quarters,10dimes, 5nickels,and25pennies. How much was there?

2. Deb,theteller,counted five$20bills,ten$10bills, ten$5bills,45$1bills. How much was there?

3. Steven,theteller,counted four$20bills,12$10bills, 25$5bills,22$1bills,three quarters,fourdimes,12nickels. How much was there?

4. Bart,theteller,counted four$100bills,three$50bills, 12$20bills,60$10bills,32$5

bills,450$1bills. How much was there?

5. Susan,theteller,counted 31$10bills,14$5bills, four$2bills,62$1bills, 13quarters,3nickels, 93pennies. How much was there?

6. Dotty,theteller,counted six$100bills,five$20bills, 60$10bills,32$5bills, 55dimes,34nickels. How much was there?

7. Dawn,theTeller,counted 56$100bills,five$50bills, 19$20bills,33$10bills, 55$1bills,13quarters, 12dimes,1penny. How much was there?

8. Victor,theTeller,counted three$20bills,34$10bills, nine$5bills,15$1bills, 16quarters,55dimes, 44nickels. How much was there?

9. Kevin,theTeller,counted eightofallthefollowing: $100bills,$50bills,$20bills, $10bills,$5bills,$1bills, quarters,dimes,nickels, pennies. How much was there?

10. Bob,theTeller,counted nine$100bills,18$50bills, 13$20bills,14$10bills,five$5 bills,11$1bills,13quarters, twodimes,onenickel. How much was there?

11. Judy,theTeller,counted 37quarters,56dimes, 32nickels,89pennies. How much was there?

12. Mark,theTeller,counted 1,234quarters,5,678dimes, 91,011nickels,121,314pennies. How much was there?

Transparency 2-1Teller Computations

Citizen Alert!Would a table or chart make this easier? U2 -12

1. Trecia,theTeller,counted 15quarters,10dimes, 5nickels,and25pennies. How much was there? ($5.25)

2. Deb,theteller,counted five$20bills,ten$10bills, ten$5bills,45$1bills. How much was there? ($295)

3. Steven,theteller,counted four$20bills,12$10bills, 25$5bills,22$1bills,three quarters,fourdimes,12nickels. How much was there? ($348.75)

4. Bart,theteller,counted four$100bills,three$50bills, 12$20bills,60$10bills,32$5 bills,450$1bills. How much was there? ($2000)

5. Susan,theteller,counted 31$10bills,14$5bills, four$2bills,62$1bills, 13quarters,3nickels, 93pennies. How much was there? ($454.33)

6. Dotty,theteller,counted six$100bills,five$20bills, 60$10bills,32$5bills, 55dimes,34nickels. How much was there? ($1467.20)

7. Dawn,theTeller,counted 56$100bills,five$50bills, 19$20bills,33$10bills, 55$1bills,13quarters, 12dimes,1penny. How much was there? ($6619.46)

8. Victor,theTeller,counted three$20bills,34$10bills, nine$5bills,15$1bills, 16quarters,55dimes, 44nickels. How much was there? ($471.70)

9. Kevin,theTeller,counted eightofallthefollowing: $100bills,$50bills,$20bills, $10bills,$5bills,$1bills, quarters,dimes,nickels, pennies. How much was there? ($1491.28)

10. Bob,theTeller,counted nine$100bills,18$50bills, 13$20bills,14$10bills,five$5 bills,11$1bills,13quarters, twodimes,onenickel. How much was there? ($2239.50)

11. Judy,theTeller,counted 37quarters,56dimes, 32nickels,89pennies. How much was there? ($17.34)

12. Mark,theTeller,counted 1,234quarters,5,678dimes, 91,011nickels,121,314pennies. How much was there? ($6639.99)

Transparency 2-1Teller Computations

Answer Key

U2 -13

Signature required for cash received.

Deposits may not be available for immediate withdrawal.

Acct.#

20Date

CASH

LIST CHECKS SINGLY

LESS CASH RECEIVED

SUBTOTAL

NET DEPOSIT

CURRENCY

COINName

DEPOSIT TICKET

$

.

.

.

.

.

.

.

.

TM

Bank

U2 -22

Jennifer Smith

Jennifer Smith

234

April 17 07

8 50

8 50 1 507 00

Answerthefollowingquestionsusingthespaceprovided.

1.Whoismakingthedeposit? __________________________________________

2.Whatisthedateofthedeposit? __________________________________________

3.Whatistheamountofthecheckshe’sdepositing? __________________________

4.Howmuchcashdidshereceive? __________________________________________

5.Whatisthenetdepositamount? __________________________________________

6.Whatistheaccountnumber? __________________________________________

7.Whydidshesignherdepositticket? _____________________________________

UsethedepositinformationabovetocompletethisJA BizTowncheckregister.

NUMBER DATE TRANSACTION DESCRIPTION PAYMENT/DEBIT(-)

DEPOSIT/CREDIT(+)

BALANCEFEE(IF ANY)

RECORD ALL CHARGES OR CREDITS THAT AFFECT YOUR ACCOUNT$

10 00

Transparency 2-2Practicing Deposits

Transparency 2-3Endorsing Paychecks

Beforedepositingacheck,itmustbeendorsed.Toendorseacheck,writeyournameincursiveonthebackofthecheckatthesameendas“Paytotheorderof.”

U2 -24

NON-NEGOTIABLE

Name

Memo

Acct.#

Dollars

P O

20

$

BankTM

JA BizTown NewsJan. 5, 02

Jimmy Hall

Five and 00/100

Payroll Scott Montgomery085

Check No. 108

5.00

EN

DO

RS

E H

ER

E

DO

NO

T W

RIT

E O

R S

TAM

P B

ELO

W T

HIS

LIN

ER

ES

ER

VE

D F

OR

FIN

AN

CIA

L IN

STI

TUTI

ON

US

E

Citizen Alert!You must endorse your

check by writing it the same way that it is

written on the front of the check. Then sign it

again correctly (e.g., Jimmy Hall).

Jim

my

Hal

l

Choose:

(a)apersonthatGordonknows _____________________________________

(b)anitemyoucanpurchase _____________________________________

(c)aholidayoroccasion __________________________________________

Gordonwantstobuy(a)_____________________a/an

(b)___________________for(c)_________________.

Hedoesn’thaveanymoneysaved,buthehas

acheckingaccount.Hischeckregisterbalance

shows$4.56.Heevencheckedtheamountonline.

GordondecidedtogotoLarry’sStorewherehegot

agreat(b)__________________withapriceof$24.98,

includingtax.Hecompletedthecheckperfectly.Heeven

wrote(b)_________________onthememoline,addinghis

signatureinflowerycursive.

DidtheclerkatLarry’sStoreknowthatGordononlyhad$4.56inhischecking

account?Doretailstoresaskhowmuchmoneyisinyouraccountwhentheytake

yourcheck?

Let’sthinkabouttherestofGordon’sstory.

Did(a)____________________receivethe(b)_________________________that

Gordonbought?DidthestoreownergetthemoneywhenshetookGordon’scheck

for$24.98tothebank?Why?Whynot?

Sowhatisthemoralofthestory?

Transparency 2-4Gordon’s Bounced Check

NUMBER DATE TRANSACTION DESCRIPTION PAYMENT/DEBIT(-)

DEPOSIT/CREDIT(+)

BALANCEFEE(IF ANY)

RECORD ALL CHARGES OR CREDITS THAT AFFECT YOUR ACCOUNT$

$4.56

U2 -33

Gordonwantstobuy(a)________________a/an(b)_____________for(c)___________________.Hedoesn’thaveanymoneysaved,buthehasacheckingaccount.Hischeckregisterbalanceshows$4.56.Heevencheckedtheamountonline.GordondecidedtogotoLarry’sStorewherehegotagreat(b)_______________withapriceof$24.98,withtax.Hecompletedthecheckperfectly.Heevenwrote(b)_________________onthememoline,addinghissignatureinflowerycursive.DidtheclerkatLarry’sStoreknowthatGordononlyhad$4.56inhischeckingaccount?(no)*Doretailstoresaskhowmuchmoneyisinyouraccountwhentheytakeyourcheck?(No, it is the consumer’s responsibility to keep track of the check register. Consumers should only write checks that they know can be covered by the money in their checking accounts.)Let’sthinkabouttherestofGordon’sstory.Did(a)____________________receivethe(b)_________________________thatGordonbought?(probably)DidthestoreownergetthecashwhenshetookGordon’scheckfor$24.98tothebank?Why?Whynot?(No, banks will discover that Gordon doesn’t have enough in his checking account and won’t accept the “bad” check.)

Sowhatisthemoralofthestory?

(Stress that the retail owner was not reimbursed for the purchase and, likely, the business owner and bank will try to track down Gordon to make him pay the full amount plus a “returned check” fee. In fact, if Gordon “bounces” many more checks from a NSF (not-sufficient-funds) account, he may even go to jail.)*Withcurrenttechnology,morestores(e.g.,Wal-Mart)arecheckingwiththecustomer’sbankcomputertomakesurethats/hehassufficientfundstocoverthecheck.Ifyes,thecheckis“cleared”atthatmoment,themoneyistransferredtothestore’saccount,andthecustomertakesthepurchase.AtJA BizTown,themoneyisimmediatelytakenoutofthecitizen’saccount.

Transparency 2-4Gordon’s Bounced Check

Answer Key

U2 -34

Answerthefollowingquestionsbasedonthecheckabove.

1.Whosenameisonthischeckingaccount? ______________________

2.Whowroteandsignedthischeck? ___________________________

3.Fromwhatbankwasthecheckwritten?______________________

4.Towhomwasthecheckwritten? ___________________________

5.Whatisthecheckamount? _______________________________

6.Whatistheaccountnumber? _______________________________

7.Whywasthecheckwritten? _______________________________

8.Whatisthechecknumber?_______________________________

9.Enterthisinformationintothefollowingregister.

NON-NEGOTIABLE

Name

Memo

Acct.#

Dollars

P O

20

$

BankTM

Carly SmithMarch 26 07

Fantastic Cards

Three Dollars and 25/100

birthday card Carly Smith083

1563

3.25

NUMBER DATE TRANSACTION DESCRIPTION PAYMENT/DEBIT(-)

DEPOSIT/CREDIT(+)

BALANCEFEE(IF ANY)

RECORD ALL CHARGES OR CREDITS THAT AFFECT YOUR ACCOUNT$

10 00

Transparency 2-5Personal Checks

U2 -37

Transparency 2-6One Million or Double the Pennies?

MON TUES WED THUR FRI SAT SUN

1¢ 2¢ 4¢ 8¢ 16¢ 32¢ 64¢

$1.28

$2.56

$5.12

$10.24

$20.4

8

$40.9

6

$81.9

2

$163.8

4

$327.

68

$655

.36

$1,310

.72

$2,62

1.44

$5,24

2.88

$10,48

5.76

$20,9

71.52

$41,9

43.04

$83,8

86.08

$167,7

72.16

$335

,544.3

2

$671,0

88.64

$1,34

2,177.

28

1 2 3 4 5 6 7

8 9 10 11 12 13 14

15 16 17 18 19 20 21

22 23 24 25 26 27 28

U2 -49

Transparency 2-7The Rule of 72

The Rule of 72Howmuchwillyourmoneygrowwithcompoundinterest?

UsetheRuleof72.

Dividethenumber72byaninterestratetodeterminehowmanyyearsitwilltaketodoubleyourmoney.

Example: TheJABizTownbankpays5%interestonyour savingsaccount. 72÷5=14.4yearsforyourmoneytodouble

BasedontheRuleof72:

1.Ifthebankoffered2%interest,yourmoneywilldoublein36years.

72÷2=36

2. Ifthebankoffered4%interest,yourmoneywilldoublein18years.

72÷4=18

3. Ifthebankoffered12%interest,yourmoneywilldoublein6years.

72÷12=6

Saveearlyandseekthehighestinterestrateyoucan!

Citizen Alert!Albert Einstein is credited with discovering the mathematical rule of 72! U2 -56

U3 -7

Transparency 3-1Career Types

PEOPLEThesejobsinvolve

workingwithpeoplemostofthetime.Peoplewho

enjoycounseling,teaching,helpingthoseinneed,and/ormanagingotherswouldenjoy

jobsinthePeopleCareerType.

ideasThesejobs

involvecomingupwithnewideasand/orthinking

aboutsolutionstocomplexproblems.Peoplewhoenjoydoingscienceexperiments,inventingnewthings,orcomingupwithnewwaystosella

goodorservicewouldenjoyjobsintheIdeas

CareerType.

dataThesejobs

involveworkingwithnumbersandinformation.

Peoplewhoenjoysolvingmathproblems,aswellasworkingwithandgatheringinformation,wouldlikejobs

inthisCareerType. thingsThesejobsinvolve

workingwiththings,suchasmachinesandtools.

Peoplewhoenjoymakingorbuildingthings,fixingthingsthatarebroken,and/or

workingoutdoorswouldlikejobsofthis

CareerType.

Transparency 3-2JA BizTown Pay

U3 -30

Date 11/7/2010

Brent Howard $8.33

Eight dollars and 33/100

payroll Pamela Kennedy

11/07/2010 Brent Howard $8.50 $.17 $8.33

U4 -6

Transparency 4-1Lunch Web Report

SchoolLunches

Transparency 4-2The Costs of Doing Business

$ $ $ $ $

$$$$$

U4 -23

U4 -24

Transparency 4-3Sample Business Costs

Cafe Business CostsSALARIES Pay Total StudentName Account# Salary Periods Salary

CEO______________________________________________ _______ $9.00 X 2 = ________

CFO______________________________________________ _______ $8.50 X 2 = ________

FoodManager1___________________________________ _______ $8.00 X 2 = ________

FoodManager2____________________________________ _______ $8.00 X 2 = ________

BeverageManager1_______________________________ _______ $8.00 X 2 = ________

BeverageManager2________________________________ _______ $8.00 X 2 = ________

SalesManager1___________________________________ _______ $8.00 X 2 = ________

SalesManager2 ___________________________________ _______ $8.00 X 2 = ________

SalesManager3___________________________________ _______ $8.00 X 2 = ________

SalesManager4 ___________________________________ _______ $8.00 X 2 = ________

TotalofAllSalaries$___________________

OPERATINGCOSTSAdvertising ($4toNewspaper,$4RadioStation,$4toPhone) $12.00Taxes ($5toCityHallforpropertytaxes) $5.00HealthCare ($2toWellnessCenter) $2.00ProfessionalServices ($2forCPA,$2forAttorney,$2forInsurance) $6.00Rent ($8toRealtyOffice) $8.00Supplies ($5toSupplycenterforstartup,$2.00foradditionalproduct) $7.00Philanthropy ($2toNon-ProfitOrganization) $2.00Utilities ($5toTheElectricCo.,$2toWaterCo.,$5toTelephoneCo.) $12.00Recycling ($2toCityHall) $2.00

TotalOperatingCosts$ ________________

TotalBusinessCosts(Salariesplusoperatingcosts.Enterthisamountinthecomputer.)

Transparency 4-4Friendly Letters

Friendlylettersusuallyhavetheseparts: Heading (addressanddate) Greeting (Dear.....,) Body (paragraphsoftheletter) Closing (Sincerely,Yourfriend,Love) Signature (SometimesaPostscriptis added!)(P.S.)

DearJenny,

GuesswhatIfoundouttoday?IwillbeaTellerintheJABizTownBankwhenourclassvisitsinaweekorso.I’mreallyexcitedtobeintheBankbecauseyouknowhowmuchIlovemoney!Iwillhelpmyfriendsmakedepositsandcashchecks.Bestofall,however,IgetasalarysoIcanshopattheotherbusinesses. Ourbusinessteamstillhasalottoplanbeforewego,butit’sactuallyfun.Darrenisonmyteam,soIwasreallyhappyaboutthat.Wewillcre-atesomeadvertisingforourBanksoon.Ihopewecanthinkofsomegoodideas. Well,Ihavetogo.It’stimeformath.IneedtobrushuponmyaddingandsubtractingbeforeIgotoJABizTown!Ihopetoseeyousoon.

Yourfriend, Stephanie

P.S.Ialmostforgot.DidyouknowMichelleismovingtoColorado?

6599ClassroomBlvd. HappyTown,VT09321July1,2007

Heading

GreetingBody

PostscriptClosing

Signature

U4 -27

Transparency 4-5Which Price?

KirstenandTobeywillselllemonadeinfrontoftheirhouse.Theyconductedamarketsurveyandfoundouthowmanyglassespeoplewouldbuyatdifferentprices.Thisinformationisgiveninthefirstandsecondcolumns.Theyalsoknowthattheircostswillbe25¢perglass.

Let’scomputetheirprofitatdifferentprices.

NumberofPrice Glasses Revenue Costs Profit

50¢ 10

40¢ 20

30¢ 30

20¢ 40

U4 -33

U4 -34

Transparency 4-5Which Price?

KirstenandTobeywillselllemonadeinfrontoftheirhouse.Theyconductedamarketsurveyandfoundouthowmanyglassespeoplewouldbuyatdifferentprices.Thisinformationisgiveninthefirstandsecondcolumns.Theyalsoknowthattheircostswillbe25¢perglass.

Let’scomputetheirprofitatdifferentprices.

NumberofPrice Glasses Revenue Costs Profit

50¢ 10 $5.00 $2.50 $2.50

40¢ 20 $8.00 $5.00 $3.00

30¢ 30 $9.00 $7.50 $2.50

20¢ 40 $8.00 $10.00 -$2.00

ANSWER KEY

Transparency 4-6Sample JA BizTown Daily Schedule

15Minutes CitizenWelcome/Orientation

45Minutes BusinessStart-Up

15Minutes OpeningTownMeeting

60Minutes EmployeeWork/BreakRotations (threesessions/20minuteseach)

10Minutes UninterruptedStaffMeeting (atEachBusiness)

90Minutes EmployeeWork/BreakRotations (threesessions/30minuteseach)

10Minutes BusinessClean-Up

10Minutes FinalStaffMeeting (atEachBusiness)

15Minutes ClosingTownMeeting

U4 -50

Transparency 4-7Completing a Deposit Ticket

U4 -53

1. Completethefollowingtable.

Salary 2%PayrollTax NetPay

$9.00 – ________________ =$___________

$8.50 – ________________ =$___________

$8.00 – ________________ =$___________

2. Completethefollowingdepositticketforanemployeewhohas a$9.00salaryandwantstoreceive$2.00incash.

3. Circleoneoftheunderlinedwordstocompleteeachsentence. Payrolltaxesonsalary(grosspay)increase,decreasenetpay. Netpayisgreaterthan(>),lessthan(<)grosspaybecause ofpayrolltaxes.

4. CirclethenetpayforyourJA BizTownjobin#1above.

Signature required for cash received.

Deposits may not be available for immediate withdrawal.

Acct.#

20Date

CASH

LIST CHECKS SINGLY

LESS CASH RECEIVED

SUBTOTAL

NET DEPOSIT

CURRENCY

COINName

DEPOSIT TICKET

$

.

.

.

.

.

.

.

.

TM

Bank

234