DARE TO TEACH 2015



Mentor Signature:Grade: 10Subject: Mathematical Literacy Time: 40minSchool: High School Andrew RabieWeek: 1Date: 29 July 2015Lesson Topic: Income, expenditure and profitResources: PowerPoint, Chalkboard, Summary notes. CAPS prescribed time: 3 weeksCAPS Topic: FinanceTerm: 3Lesson Outcomes:By the end of this lesson the learners will be able to:Identify Income and ExpensesList examples of fixed and variable expenses Define income, expense, profit and profit marginDemonstrate understanding of profit and profit margin by using the formulas Gather information on the profit margins of different businesses (This will be for your assignment)Lesson Plan:Lesson PhaseTeacher ActivitiesLearner ActivitiesAssessment StrategiesResources TimeIntroduction/ OrientationIntroduction/ OrientationTeacher will start of lesson with real life examples.Draw on learners’ prior knowledge through baseline assessment (See annexure A)Identify learning outcomesIntroduce new concept and give overview of the lesson.Teacher will hand out notes.The learners will listen attentively to teacher who connects the work with real life examples.Learners will answer questions and ask questions related to the introduction of the new topic.Learners will listen attentively.The learners will receive the notes.Question and answeringOral feedbackAsses learners answers and observe their reactionPowerPointSummary notesSasko bread example 10 minExposition Give full definition of each concept (See annexure B)The teacher will test for understanding of each concept by doing an example with the class.. Learners will listen when new concepts are explained.Learners will underline/ highlight on their summary sheets.Learners answer questions asked and take part in interaction with the teacher.PowerPointExtra notesChalkboardPicture Cards10minInternalization Teacher instructs the learners to complete the worksheet. (See annexure C)The teacher will walk through the class assisting and guiding the learners to do calculations correctly. Helping them to get to the right answers.The teacher will ask learners to give feedback once activity is finished. (Whole class discussion)The learners will complete the worksheet.Learners will listen, ask questions (where needed) and complete the activity in the time provided.The learners will provide the teacher with their answers (if it is required of them) and write down the correct answers provided by the teacher (if they had an incorrect answer)Observation, Question and answeringAsses answers learners give for exercise (See annexure D)Picture cardsClass activity 10 minApplication Review content, summary on PowerPoint (See annexure A)Teacher will do the example used in the introduction. Give the final answers to learners. (See annexure E)The learners will answer the teacher’s questions (when it is required of them).The learners will write down the example and follow as the teacher explains.Question and answeringAssess whether learners understand ChalkboardPowerPoint10minReflectionI enjoyed preparing this lesson, as I know the content very well. I’ve been teaching this class from the beginning of the year, thus feel comfortable teaching them. Did the learners achieve the outcomes?What could I have done better?How can I improve for next time?Annexure AMathematical LiteracyGrade 1029 July 2013Start of lesson with Power point on SASKO breadLearning Outcomes:Identify Income and ExpensesList examples of fixed and variable expenses Define income, expense, profit and profit marginDemonstrate understanding of profit and profit margin by using the formulas Gather information on the profit margins of different businesses (This will be for your assignment)Testing prior knowledgeIn grade 10 you identified and performed calculations involving business income and expenditure. You did the basics of what income and expenditure is.Just to recap: The foundation of every business & organisation is income and expenditure. Question:By the raise of hand can anyone give me a definition of income and expenditure?Income:Income is the money coming into a business. The main source of money is usually from sales, i.e. people paying money to the business for goods that they have bought from it.Expenditure:Expenditure is money going out of a business. This money is used to pay for daily costs involved in running and maintaining the business. The cost includes salaries, rent for the premises used by the business, stationary etc. Expenditure is anything on which a business spends money.Today we will be taking a step further by looking at the two groups which expenses can be divided into and also profit and profit margin calculations.ANNEXURE BNEW CONCEPTS Definitions:EXPENSES (broken up)Expenses which remain the same from month to month.Expenses which vary or change from month to month.FIXED EXPENSES VARIABLE EXPENSESProfit Is the money that a business has left after it has paid for all expenses involved in running the business. A business will only make a PROFIT when its income is greater than its expenses.FORMULA: Profit = Income – ExpenditureIf a business’ expenses amount to be more than its income, then the business will be running a LOSS.Profit marginIn the financial world, the term Profit Margin is used to describe the profit left after all expenses have been deducted from the income, expressed as a percentage of the expenses. To determine the profit margin in a business, you compare the profit and expenses generated by the business as a ratio and then express this ratio as a percentage.FORMULA: Profit Margin = Income-ExpensesExpenses ×100% OR Profit Margin = ProfitExpenses ×100%ANNEXURE CWorksheet on Income, Expenditure & ProfitExercise:Thabo runs his own taxi service in which he transports people to and from his village and the city. The monthly income and expenses that Thabo encounters in his taxi business are summarised in the table below:PetrolR 1?032,70Car washR45,00Taxi maintenanceR106,51Money from taxi faresR3?421,67Car insuranceR305,50Salary of taxi driverR500,00Traffic finesR200,00IDENTIFYING ICOME & EXPENSESIncome:.........................................................................................................................................Fixed expenses:Variable expensesCalculating Profit:........................................................................................................................................................................................................................................................................................Calculating Profit Margin:....................................................................................................................................................................................................................................................................................................................................................................................................................................ANNEXURE DMemorandum of Worksheet on Income, Expenditure & ProfitExercise:Thabo runs his own taxi service in which he transports people to and from his village and the city. The monthly income and expenses that Thabo encounters in his taxi business are summarised in the table below:PetrolR 1?032,70Car washR45,00Taxi maintenanceR106,51Money from taxi faresR3?421,67Car insuranceR305,50Salary of taxi driverR500,00Traffic finesR200,00IDENTIFYING ICOME & EXPENSESIncome:Money from taxi faresR3 0421,67Fixed expenses:Variable expensesCar wash R45,00PetrolR1032,70Car insuranceR305,50MaintenanceR106.51Worker Salary R500,00Traffic fines R200,00Calculating Profit:Total Income:R3?421,67Total Expenses:R45,00 + R305,50 + R500,00 + R200,00 + R106,51 = R2?189,71PROFIT = Income – Expenses = R3?421,67 – R2?189,71 = R1?231, 96Calculating Profit Margin:Profit Margin = ProfitExpenses ×100%=R1?231,96R2?189,71 ×100%=0,563 ×100%= 56,3%Annexure EGoing back to where we started off with: SASKO bread.Any volunteers to come and work out the Profit margins?SPARProfit Margin= ProfitExpenses ×100%= 1,407 ×100%= 20%Pick ‘n PayProfit Margin= ProfitExpenses ×100%= 2,107 ×100%= 30%CheckersProfit margin = ProfitExpenses ×100%= 0.707 ×100%= 10%Remember to complete the worksheet for tomorrow.Thank you ................
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