September 30th, 2014

1) To insert/place graphics into documents you have to click the insert tab and go down to picture from documents and select the picture you want then click insert and it will appear in your document.

2) 5 Functions Of Management: Planning, Organizing, Staffing, Leading, Controlling.

3) Resume- is a document that has information of you and the skills you have to acquire a job such as soft skills, computer skills and others you  might have. You will also find contact information, and past employment information.

 

 

4) Social Responsibility of Business: is the responsibility the company has to their costumers and employees.

 

5) Savings Account: is an account the you can have that you will put a certain amount of money into it and the money will increase by the interest rate of your bank or credit union and it can increase Monthly or Yearly depending on how you set it up with you r bank or credit union.

 

6) Compound Interest: is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on.

 

7) Simple Interest: is money you can earn by initially investing some money (the principal). A percentage (the interest) of the principal is added to the principal, making your initial investment grow.

 

8) Checking Account: is an account that you can have you pay check go into or you can deposit other money into it and you are able to with draw from it at any time for the money you have in the account never changes unless money is deposited in or withdrawn.

 

9) Check Endorsement: When the check is signed by both the person whom issued the check and the person whom received the check on the front and back. Front- Issuer & Back-Receiver. This is so that where you are taking the check knows that you both agree to the transaction that will take place by cashing or depositing the check.

 

10) Check Writing: To write a check you need to first date the check at the top corner.

Then you write who the check is for. For example if you are at the store you make it put to the store name (Walmart) or if it is for a person you put their legal name.

Next you write the amount of money in numbers in the little write box and the end of the name

Then on the second long line you need to write out the amount in words for example : Twenty-Five dollars and 0/100--------------------- the 0/100 is foe the amount of cents over 100. if there is any room left on the line you draw a line all the way to the end for security reasons so no one tries to add on more money to the check then what you've written.

Then on the bottom there are two smaller lines on the left and right, the left is where you put a brief description of the item you are purchasing or reason it is going to a certain person, the right line is where you need to sign it using your signature.
Link: http://www.themint.org/teens/writing-a-check.html

11) Bank Statement: a printed record of the balance in a bank account and the amounts that have been paid into it and withdrawn from it.

12) Checkbook Reconciliation: (Balancing a Checkbook) To balance your check book all it is keeping a record of how much you are taking out of you account and how much you are depositing into.
Number/code id the check number
Date- is so you know when you deposited or took out money
Transaction Description- is so you know why the transaction was made
Payment Amount- is for withdraws only its when you're taking out money
Deposit Amount- is when you are putting money into your account
Balance- most important part because all you transactions should come out the exactly what you account says you have.
Link: http://www.themint.org/teens/balance-your-checking-account.html

13) Deposit Slip: A small written form that is sometimes used to deposit funds into your account.

14) Differences between Banks & Credit Unions: credit unions are non-profit organizations. Their profits are distributed right back to their members. Banks are profit-oriented, earn profit for stock holders.

15) Credit Card: allow the holder to purchase goods or services on credit. But you only get a certain amount you can spend on the card and if you go over that you are charged fees.

16) Credit History: a record of someone or a company's past borrowing and repaying, including information about late payments and bankruptcy.

17) Credit Report: report of your history prepared by a credit bureau and used by a lender to in determining a loan applicant's creditworthiness.

18) FICO Score:  considers both positive and negative information in your credit report. Late payments will lower your FICO Score, but establishing or re-establishing a good track record of making payments on time will raise your score.

19) Debit Card: a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.

20) Credit Card Interest Rate: The charge for the privilege of borrowing money, typically expressed as an annual percentage rate. What you have to pay to receive money to the credit card.

Checking Accounts!

Checking Accounts

Your checking account is an account you can put money into and take out of but the amount of money you have in that account doesn't increase unless you deposit money into it and it doesn't decrease unless you withdraw money from it. It doesn't have an interest rate.

 

How to Write a Check

 

To write a check you need to first date the check at the top corner.

Then you write who the check is for. For example if you are at the store you make it put to the store name (Walmart) or if it is for a person you put their legal name.

Next you write the amount of money in numbers in the little write box and the end of the name

Then on the second long line you need to write out the amount in words for example : Twenty-Five dollars and 0/100--------------------- the 0/100 is foe the amount of cents over 100. if there is any room left on the line you draw a line all the way to the end for security reasons so no one tries to add on more money to the check then what you've written.

Then on the bottom there are two smaller lines on the left and right, the left is where you put a brief description of the item you are purchasing or reason it is going to a certain person, the right line is where you need to sign it using your signature. See sample check above. ^^^^^^^^
Link: http://www.themint.org/teens/writing-a-check.html

 

Balance a Check Book

To balance your check book all it is keeping a record of how much you are taking out of you account and how much you are depositing into it just like the sample book above. ^^^^^^^^^^^^^^^^^
Number/code id the check number
Date- is so you know when you deposited or took out money
Transaction Description- is so you know why the transaction was made
Payment Amount- is for withdraws only its when you're taking out money
Deposit Amount- is when you are putting money into your account
Balance- most important part because all you transactions should come out the exactly what you account says you have.
Link: http://www.themint.org/teens/balance-your-checking-account.html

ID Theft!

ID Theft

Facts for article

-More than 20% of cases reported were from filed by young adults.

-It takes the average college-aged victim 4 1/2 months to realize their identity's been stolen.

-Not knowing you identity has been stolen for months or even years can cripple a student financially for years to come.

-Last year the highest concentration of victims between the ages of 18 and 24 years old.

 

• Explain what a credit report is. Name 3 facts that you learned about a credit report.
• -A credit report is a file of all your financial things.
• -It has if you pay your bills on time, credit account statuses, and how much credit you have available.
• Explain what your credit score is. Name 3 facts about your credit score.
• -A credit score is how likely you are to pay bills on time.
• -Pay your bills on time, Don't use all your credit at once, and check your credit score every year.
• What advice would you give about ID theft?
• -Keep checking your bank accounts, keep all you personal ids on hand and don't leave them anywhere some one can find them.