Compare investment opportunities and make mathematical comparisons of investment alternatives.
Explain net present value and describe how to calculate the net present value of an investment.
Examples: certificate of deposit, savings account, stocks, mutual funds
Determine stock yield, earnings per share, and price to earnings ratio for several stocks.
Calculate the anticipated rate of return on specific investments (ROI) and savings accounts using various factors including simple or compound interest, dividends, and fees.
Calculate a stock’s percentage price change over a period of several weeks.
Calculate a stock’s dollar price change over a period of several weeks.
Complete a stock transaction form for buying and selling stocks.
Describe how common stocks are valued.
Describe and prepare federal tax documents for varying household types.
Complete 1040 EZ Federal Income Tax Forms.
Determine the need for and prepare a 1040A using the required documentation for varying households.
Complete basic tax forms for business and personal use utilizing strategies to maximize benefits and determine the results of the selected strategies.
Examples: W-2, W-4
Discuss and calculate property taxes based on local percentages and guidelines including assessed values and homestead exemptions.
Outline the historical progression of banking institutions and how changes affected customers’ costs for services.
Examples: traditional banks, online banks, credit unions
Complete routine banking procedures to manage finances efficiently.
Utilize business and personal data to write checks, prepare deposits, and prepare withdrawal slips without going over budget or incurring penalty fees.
Utilize methods for maintaining a check register including proper procedures for ATM usage (without incurring usage fees) and automatic payment withdrawals.
Reconcile bank statements.
Explain fees associated with banking accounts.
Examples: cashier’s checks, overdraft penalties, minimum balance requirements
Describe features, advantages, and disadvantages of mobile and online banking.
Examples: electronic transfers, paperless deposits, bill pay, mobile apps
Identify and compare types of insurance and compute the costs and benefits of selected plans.
Explain insurance premium charts, determine the cost of a particular policy, and explain the reasons for selecting one policy over the others.
Evaluate proposals for automobile insurance and determine costs of both compulsory and optional coverage.
Review health insurance coverage plans, calculate premiums based on selected options, and discuss the rationale (mathematical or personal) for selecting a particular option.
Assess the effects of deductibles on policy costs and the ramifications of selecting a higher or lower deductible.
Discuss the terms ratio and proportion and explain how they are used for calculations in different business situations.
Use ratios to evaluate profitability, efficiency, and leverage.
Use ratios to express the quantitative relationship between two amounts of inventory and explain how the business will be impacted by inventory figures.
Analyze and explain methods for solving business problems involving proportions and how the results lead to increased productivity.
Examples: scaling, finding equivalent ratios
Use ratios, proportions, and percentages to solve problems involving financial calculations.
Compare and contrast the straight-line method, declining balance method, sum of the years digits method, and the modified accelerated cost recovery system (MACRS) method to calculate depreciation.
Calculate the straight-line depreciation of plant assets for a year and describe the benefits and/or drawbacks of using this method.
Calculate the depreciation expense on plant assets by the sum of the years digits and declining balance methods and explain the benefits of using each method.
Calculate the modified accelerated cost recovery system depreciation of plant assets and describe its benefits.
Use the straight-line depreciation method to find the value of an asset.
