MATHEMATICS FPS 1st Trimester - Stage 1

Looking for investors to launch a new supermarket based

on financial statements
SUBJECT: GRADE: G T 1 2 3 4 5 DATE:
MATHEMATICS 6TH ____ 6 7 8 9 10 11 __________________
STUDENT: TEACHER: PAULA KARINA ROBLES SUÁREZ /
_________________________________________ JUAN MAURICIO RODRIGUEZ LEÓN
UNDERSTANDING GOAL
Students persuade sharks to invest in a new supermarket by presenting a budget and financial statements, through
carrying out basic operations with integers and rationals.

ASSESSMENT CRITERIA:
RUBRIC (Performance Levels for Formal Assessment)
EVALUATION CRITERIA MAX MKS AWARDED MKS
REASONING - ARGUMENTATION
1. Identify amounts as positive and negative integers, and classify them by group of 20 ___/20
incomes or expenses.
2. Work out calculations with integers and rational numbers. 10 ___/10
3. Calculates totals for each type of Income and Outcome 5 ___/ 5
MODELLING – PROBLEM SOLVING
4. Bank Account Statement correct creation 10 ___/10
5. Profit and Loss Report correct creation 10 ___/10
6. Identify the meaning of an Earning and/or a Loss based on the analysis of calculations 5 ___/ 5
COMMUNICATION
7. Justify answers and proposed strategies based on mathematical calculations. 10 ___/10
8. Uses correct format for money amounts. 5 ___/ 5
9. Shown work is neat, tidy and easy to follow. 5 ___/ 5

DIRECTIONS:
 Analyse the list of transactions shown below and classify them as incomes or outcomes.
 Organize all transactions in chronological order in the Bank Statement.
 Calculate the sum of all incomes, and the sum of all outcomes.
 Create the Bank Statement and the Profit and Loss Report by using the template.
 Decide if the Final Results represents earnings or losses, explaining your reasons.
 Analyse both Reports and answer the questions below.
 Notice that all calculations must be shown in a neat, tidy and easy to follow way.

1. List of Transactions:
February 1st Opening Balance: $2018.75
February 17th Bank Deposit from client: $ 617.50
February 26th Bank Account and Credit Card fee: $56.50
February 12th Production supplies internet purchase: $714.50
February 25th Retail Purchase Office Supplies $286.40
February 8th Weekly sales deposit: 1430.00
February 4th Credit Card Reversal: $517.25
February 3rd ATM withdraw: $150.00
February 22nd Credit Card Payment: $205.32
February 24th Electricity Bill Payment: $371.86
February 18th Gas Bill Payment: $172.96
February 15th Weekly sales deposit: $980.00
February 10th Insurance payment: $287.50
February 5th Direct Debit Equipment Maintenance: $352.30
February 26th Bank Deposit from Client: $356.25
February 6th Direct Debit Rent: $1500.00
February 27th Phone Bill Payment: $168.45
February 28th Credit Card Payment: $652.50
February 22nd Weekly sales deposit: $1670.00
February 27th Employee salary payment: $875.25

FT-GFE-08-V3
2. Bank Statement Template:

LCB National Bank For Feb, 1st 2021

Mr(s). _______________________________ to Feb, 28th 2021
6th __ Road, Bogota Colombia Account FPS-T1C4-St1
Date Details Withdraws ($) Deposits ($)
Feb 1st OPENING BALANCE $ 0.00 $2018.75

TOTAL
CLOSING BALANCE (Deposits – Withdraws)

FT-GFE-08-V3
3. Profit and Loss Report Template:

MONTHLY PROFIT & LOSS REPORT

YOUR COMPANY NAME
Feb 1st to Feb 28th, 2021
SALES AND REVERSALS (INCOMES):
1.
2.
3.
4. Reversals
TOTAL SALES AND REVERSALS (INCOMES)
(Add lines 1 to 4)

BUSINESS EXPENSES (OUTCOMES):

5. Supplies / Materials
6. Salaries
7. Equipment Maintenance
8. Insurance Expenses
9. Credit Card and Bank Account Fees
10. Office Supplies (paper, coffee, printer supplies, etc)
11. Utilities (water, gas, electricity, internet, phone, etc)
12 Rent – Storage Space
13. Advertising / Marketing
TOTAL OPERATING EXPENSES (OUTCOMES):
(Add lines 5 to 13)

PROFIT (OR LOSS) FROM BUSINESS

(Total Incomes – Total Outcomes)

FT-GFE-08-V3
4. Financial Analysis

Analyse the Bank Statement and the Profit and Loss Report, and answer the following
questions:

a) What percentage of the total sales are the total expenses?

Show your work.

b) Which expenses represent a higher percentage of the total sales, Salaries or

Rent?
Show your work.

c) Did you have Earnings or Losses in February?

Explain your reasons.

d) Propose a strategy to improve your business based on the calculations you did
to create your reports.

FT-GFE-08-V3