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Instructions:

  1. Take out a sheet of paper for Quiz #13
  2. Open and study yesterday’s spreadsheet
  3. IF 10 people get perfect, test is next week

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Grade 10 Business

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Quiz #13

Plug in these numbers:

  • $569,160 - Listing Price
  • $750,000 - Potential Selling Price
  • 6 months renovation, 3 months on market, 4 months to move in
  • $1916 - monthly mortgage

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Quiz #13 - ANSWERS

Plug in these numbers:

  • $569,160 - Listing Price
  • $750,000 - Potential Selling Price
  • 6 months renovation, 3 months on market, 4 months to move in
  • $1916 - monthly mortgage�
  • $2354
  • $30,602
  • $55,432
  • $14,994
  • $86,182

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Schedule

Friday - Supply Teacher **

Monday - Supply Teacher **

Tuesday - Supply Teacher **

**accounting work will be assigned

Wednesday - Marketing Review

Thursday - Marketing Test & All marketing work DUE

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Assets vs Liabilities

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  • Asset - something valuable that an entity owns, benefits from, or has use of that can generate income”�
  • Liability - Financial debts or obligations�

**Know what side of the spreadsheet you would classify an item under

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Kahoot

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Assets and Liabilities Game

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https://create.kahoot.it/#quiz/65b5637b-a751-49e2-a9ed-9c0b4131d2ec

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Types of Assets

  • Monetary Asset - Fixed or determinable amount of currency (eg. cash, bank deposits)�
  • Tangible Asset - Physical objects that can be exchanged (sold) for currency�
  • Investment Asset - Item purchased with the hope that it will generate income in the future

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Kahoot

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Assets and Liabilities Game 2

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https://create.kahoot.it/?_ga=1.1733233.1973629814.1428595770&deviceId=ffc1d978-48b5-47df-9fb9-57e151d9a887#quiz/9d75f639-0d88-42f7-9d1c-2ce702f2c31d

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