You are where you live… (due today)Bellwork: Timed writing with a goal of 50 words per minute

• www.learn2type.com/typingtestREAD ALL Directions: Visit the Web site of marketing research firm Claritas Inc. at the following website or Google “You are where you live” (zip code look up)http://www.claritas.com/MyBestSegments/Default.jsp?ID=201. Go to the "You Are Where You Live" section of the site, type in your zip

code, and review the resulting profile of your city or town. 2. How accurately does this description fit the characteristics of your

city? 3. Describe the advantages and disadvantages of using the "you are

where you live" approach to researching cities4. Compare two cities: McComb and a city you would like to visit or live

in. 5. Create a spreadsheet and chart in Microsoft Excel to compare the

quick facts of each city6. Also in the spreadsheet include: What are two attractions/activities,

ways of transportation, schools, & restaurants in each city. Give urls & insert pictures.

7. Save as yourlastnameyawyl8. Attach the spreadsheet to your wiki

Makeup Assignments on http://sartinkids.wikispaces.com/Assignments

Makeup Assignments on http://sartinkids.wikispaces.com/Assignments

Entrepreneurship Assignment (Friday)Managing Cash Flow

Directions: Use the Internet to answer the following questions on a sheet of paper.1. Explain the importance of cash

management to a small business's success.

2. Differentiate between cash and profits.

3. Understand the five steps in creating a cash budget and use them to create a cash budget.

4. Describe fundamental principles involved in managing the "Big Three" of cash management: accounts receivable, accounts payable, and inventory.

5. Explain the techniques for avoiding a cash crunch in a small company.

Daily Activities• Character Building

Video: Listening • Timed writing with a

goal of 50 words per minute• www.learn2type.com/

typingtest• Daily writing prompt

• www.theteacherscorner.net • Type it! Current Events

Worksheet from • http://

coursecasts.course.com/• Enrichment Activities:

www.freerice.com • Canned Goods due

Friday!

Business Communications 1st & 5th

Communications Assignment

Daily Activities1.Character Building

Video: Problem Solving2.www.learn2type.com/

typingtest• Timed writing with a

goal of 50 words per minute

3. www.theteacherscorner.net• Daily writing prompt

4.http://coursecasts.course.com/• Current Events

5.http://sartinkids.wikispaces.com for Family Project (due in entirety Wednesday); including parent interview

6. Enrichment: www.freerice.com

Directions: Use the Internet to answer the following questions on a sheet of paper.1. Define Communication.2. What is your favorite form of

communication. How often do you use it daily? How can this form of communication be used in education?

3. List and explain the essential elements of communication.

4. Describe the characteristics and functions of communication.

5. Define Axiom.6. Identify and provide examples

of five basic axioms of the communication process.

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Voting ends December 19, 2012

Managing Cash FlowDesiree Sartin-WilliamsMHS Entrepreneurship

Explain the importance of cash management to a small business's success.• Cash is the most important but least productive

asset the small business has. • The manager must maintain enough cash to meet

the firm's normal requirements (plus a reserve for emergencies) without retaining excessively large, unproductive cash balances. Without adequate cash, a small business will fail.

Differentiate between cash and profits.• Cash and profits are not the same. More businesses

fail for lack of cash than for lack of profits. • Profits, the difference between total revenue and

total expenses, are an accounting concept. • Cash flow represents the flow of actual cash (the

only thing businesses can use to pay bills) through a business in a continuous cycle. A business can be earning a profit and be forced out of business because it runs out of cash.

Understand the five steps in creating a cash budget and use them to create a cash budget. • The cash budgeting procedure outlined in this

chapter tracks the flow of cash through the business and enables the owner to project cash surpluses and cash deficits at specific intervals. The five steps in creating a cash budget are as follows: forecasting sales, forecasting cash receipts, forecasting cash disbursements, and determining the end-of-month cash balance.

Describe fundamental principles involved in managing the "Big Three" of cash management: accounts receivable, accounts payable, and inventory.

• Controlling accounts receivable requires business owners to establish clear, firm credit and collection policies and to screen customers before granting them credit.

• Sending invoices promptly and acting on past-due accounts quickly also improve cash flow. The goal is to collect cash from receivables as quickly as possible. When managing accounts payable, a manager's goal is to stretch out payables as long a possible without damaging the company's credit rating.

• Other techniques include: verifying invoices before paying them, taking advantage of cash discounts, and negotiating the best possible credit terms. Inventory frequently causes cash headaches for small business managers. Excess inventory earns a zero rate of return and ties up a company's cash unnecessarily. Owners must watch for stale merchandise.

Explain the techniques for avoiding a cash crunch in a small company. • Trimming overhead costs by bartering, leasing

assets, avoiding nonessential outlays, using zero-based budgeting, and implementing an internal control system boost a firm's cash flow position. Also, investing surplus cash maximizes the firm's earning power. The primary criteria for investing surplus cash are security and liquidity.