Capella University Math Algebra Calculus Worksheet

Name17.5
?
Personal Financial
Literacy—5.10.D
Also 5.3.K
MATHEMATICAL PROCESSES
5.1.A, 5.1.E, 5.1.F
Keeping Records
Essential Question
How can you keep track of finances?
A good way to manage finances is to keep track of the money received, paid, and available.
Unlock
Unlock the
the Problem
Problem
Hannah made a chart to keep track of her money. She records her
allowance, savings, earnings, and other expenses. Income is added,
expenses are subtracted. Use the notes at the right to complete her chart.
Include the available funds after each addition or subtraction. How much
does Hannah have left at the end of the month?
Hannah’s Financial Record: Month of May
Date
Description
Received ($) Expenses ($)
Balance: end of April
Available
Funds ($)
0
5/4
babysitting
20
20
5/6
allowance
10
30
5/6
save
5/8
3 music downloads
5/13
allowance
5/15
snack bar
5/20
allowance
5
May 18:
baby-sit $15
May 19
movies $6.50
May 25
mow la wns
$15
fruit snack $3.997
Mayy 27
ool trip,
May 30 Sch
4.75
sou venir $1
2.97
10
1.25
10
Math Talk
© Houghton Mifflin Harcourt Publishing Company
Mathematical Processes
5/27
allowance
10
Explain why savings are
treated as an expense in
Hannah’s chart.
At the end of the month, Hannah has __ left.
Module 17
641
Share
Share and
and Show
Show
Jack keeps a record of his money in July. Use his record for 1–3.
Date
Description
Received ($) Expenses ($)
Balance: end of June
7/2
yard work
7/3
fruit juice
7/5
ticket to museum
Available Funds ($)
0
15.50
15.50
1.75
13.75
1. Jack pays $7.65 for a ticket to a museum on July 5. How much will he have
in available funds after he buys the ticket?
• Circle the available funds Jack has before buying the ticket.
Subtract the price of the ticket from the available funds.
__ − __ = __
• Record the price of the ticket and the new available funds in the chart.
2. Jack earns $24.00 washing cars on July 8.
Complete the next row in the chart to show
this information. How much does Jack have in
available funds now?
3. On July 12, Jack gets $15 allowance and spends
$4.95 for baseball cards. Complete the chart to
show this information. How much does Jack
have in available funds now?
Problem
Problem Solving
Solving
Math Talk
642
What’s the Error? Ana’s financial record shows
that she started May with $13.09. On May 4, she earned
$18 babysitting and saved $5. Her aunt gave her $10 on May 10.
She spent $2.75 for a yogurt bar on May 13. Her record now
shows available funds of $43.34. What is Ana’s error?
Mathematical Processes
Why is organizing information
in a chart a better way to keep
track of finances than notes on
scraps of paper?
© Houghton Mifflin Harcourt Publishing Company
4.
Name
Problem
Problem Solving
Solving
Ryan has a dog-walking business. Use the financial
information about his business for 5–7.
5.
rs –
payment from dog owne
$129 – March 3
buy do
g biscu
its $45.98
– Marc
h9
Multi-Step Ryan’s goal
is to always have $50 or more in available
funds. Complete the chart. Did Ryan
achieve his goal during the month of
March? Explain.
buy leashes $64.25 March 12
payment fr
f om
dog owners $96 – March 18
pay helper $140 – March
20
Date
Description
Balance: March 1
Received ($) Expenses ($)
Available
Funds ($)
50
m
payment fro
dog o wners
r h 26
106 – Marc
$10
buy d
o
$84.5 g food 0-M
arch
28
6. Explain how you can identify Ryan’s expenses by only looking at the
© Houghton Mifflin Harcourt Publishing Company
available funds column.
7. Multi-Step Ryan receives another payment from the dog owners on
March 31. He also spends $25 on dog treats that day. If Ryan ends the
month with $86.27 in available funds, how much money did he get
from the owners on March 31? _____
Module 17 • Lesson 5
643
Mathematical Processes
M
Model ¥ Reason ¥ Communicate
M
Daily
Daily Assessment
Assessment Task
Task
The chart shows Lisa’s finances during the first week in August. Use the
chart for 8–10. Fill in the bubble completely to show your answer.
Date
Description
Received ($) Expenses ($) Available Funds ($)
Balance: end of July
8/1
allowance
8/2
orange juice
8/3
planting flowers
8/4
comic books
0
12
12
2.29
?
9.71
25.96
11.65
14.31
8. Analyze How much does Lisa earn planting flowers?
A
$25.96
C
$12.00
B
$16.25
D
$35.67
9. Which expression shows how to find the amount of money Lisa has in
available funds after she buys orange juice?
A
$12 + $2.29
C
$9.71 − $2.29
B
$25.96 − $2.29
D
$12 − $2.29
10. Multi-Step Lisa wins a $25-door prize at a party on August 5. She
spends $5.40 for new markers on August 6 and $18 for a soccer ball on
August 7. What are her available funds now?
A
$21.31
C
$15.91
B
$39.31
D
$33.91
TEXAS Test Prep
lawns and gets an allowance from his parents. His expenses for the
month were $20.65. If Jacob ends the month with $44.35 in funds, what
is his monthly allowance?
644
A
$30.00
C
$15.00
B
$44.35
D
$45.00
© Houghton Mifflin Harcourt Publishing Company
11. Jacob starts June with $20 in available funds. He earns $30 for mowing
Personal Financial Literacy—5.10.D
Also 5.3.K
MATHEMATICAL PROCESSES 5.1.A, 5.1.E, 5.1.F
H o mewo rk
and Practice
17.5
Name
Keeping Records
Kimiko makes crafts to sell at a festival in July. Complete the chart using the
notes at the right. Use the information for 1−2.
Date
Description
Received ($) Expenses ($)
Available
Funds ($)
Balance: July 1
July 2:
purchase craft
supplies $27.95
JJuly
l 5:
ppay bo
b oth fee
$15
45
July 14:
earn $125
from craft sales
July 15:
earn $52 from craft
sales
July 18:
pay friend for helpping
at booth $25
Julyy 22:
purchasse crafftt
supplies
1. Write an equation to show how to calculate the amount Kimiko
has in available funds after purchasing supplies on July 2. ____
2. Explain how Kimiko can calculate her total expenses for July. What were
Kimiko’s total expenses?
Problem
Problem Solving
Solving
Use the information from the chart above for 3−4.
© Houghton Mifflin Harcourt Publishing Company
3. Are Kimiko’s available funds greater on July 1 or on July 22? Explain.
4. Kimiko has $15 in additional expenses on July 28. How much more
will she need to earn if she wants to have $200 in available funds at the
end of July? ____
Module 17 • Lesson 5 645
TEXAS Test Prep
Lesson
Lesson Check
Check
Fill in the bubble completely to show your answer.
5. The chart shows Micah’s finances during the first week in May. He earns
$25 for babysitting on May 8. He buys another book on May 12 for $9.49.
Date
Description
Received ($) Expenses ($)
Available
Funds ($)
Balance: May 1
5/4
allowance
5/7
purchase book
0
15
15
12.95
2.05
How much does Micah have in available funds now?
A
$36.54
C
$15.51
B
$27.05
D
$17.56
Heather sells baked goods. The chart shows Heather’s finances for the
beginning of June. Use the chart for 6−9.
Description
Received ($) Expenses ($)
Available
Funds ($)
Balance: June 1
0
6/2
cupcake sales
18.50
18.50
6/3
pie sales
26.74
45.24
6/4
pay for advertising
6/5
pay for supplies
6. How much does Heather spend on
advertising?
A
$28.99
C
$16.25
B
$5.02
D
$23.75
8. Multi-Step What is the difference between
Heather’s expenses and her earnings?
646
?
28.99
23.97
5.02
7. Which expression shows how to find the
amount in available funds after Heather sells
some pies on June 3?
A
$26.74 − $18.50
C
$45.24 − $26.74
B
$18.50 + $26.74
D
$45.24 + $26.74
9. Multi-Step Heather sells cookies for
A
$5.02
B
$21.27
$14.85 on June 6. She spends $8.99 for packing
supplies on June 7 and $5.19 for ribbon
on June 8. What are Heather’s available
funds now?
C
$2.77
A
$5.69
C
$19.87
D
$7.72
B
$0.67
D
$5.86
© Houghton Mifflin Harcourt Publishing Company
Date