Earnings and Costs
The cost required for something; the money spent on something
What are Expenses?
(1) A sum of money placed or kept in a bank account, usually to gain interest.
(2) A sum payable as a first installment on the purchase of something or as a pledge for a contract, the balance being payable later. synonyms: down payment, advance.
What is a deposit?
An organization or person that gives money to someone with the expectation that it will be returned
What is a lender?
This is the price of Oreo cookies.
What is 75¢?
This is the name of the winged cherub that shoots people with arrows to make them fall in love.
Who is Cupid?
The total amount you earn before expenses. Think of gross income as the money you’ve brought in from the services you provide—the sum of all your client billings before any deductions, taxes, or withholding.
What is Gross Income?
An act of taking out
What is a withdrawal?
A person or organization that takes and uses something belonging to someone else with the intention of returning it.
What is a borrower?
This is the price of a Capri Sun.
What is 50¢?
This is how many Valentine’s cards are sent every year (What is 500 million, 2 billion, 1 billion, or 10 billion?)
What is one billion?
Take home pay or profit.
What is Net Income?
A person employed to manage or look after another's property.
What is a steward?
An amount of money that a borrower owes to a lender in addition to the amount borrowed. The money charged for the convenience of borrowing.
What is interest?
This is something you should always do when you give customers their change back.
What is counting the money into the customer’s hand?
St. Valentine lived in this European city.
What is Rome?
The equation for calculating profit?
What is
gross income - expenses = net income
An abundance of valuable possessions or money. (vocab word we haven't covered this semester)
What is wealth?
The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future (vocan term we haven't covered this semester)
What is credit?
I want two chips, an Airhead, a Gatorade, and a Honey Bun. Wait, actually I want a Blow Pop instead of the Airhead, and Skittles instead of the Honey Bun. Here’s a five dollar bill. This amount is my change.
What is $2.75?
This is the number of US towns named Valentine (from 0 to 10)
What is 4? (Valentine, Arizona; Valentine, Nebraska; Valentine, Texas; and Valentine, Virginia.)
If ASIP earns $20, and it costs $6 for us to buy the snacks we sold, this is our profit.
What is $14?
A plastic payment card that can be used instead of cash when making purchases. The money comes directly from the user's bank account when performing a transaction. (vocab word we haven't covered this semester)
What is a debit card?
A small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit. (vocab word we haven't covered this semester)
What is a credit card?
This is one of the 6 categories that ASIP employees are evaluated on by the counselors.
What are Cleanliness, Communication, Following Directions, Positive Attitude, Team Player, or Careful Money Handling?
Every year, 9 million people buy a Valentine’s day gift for their __________.
What are their pets?