Mr. Sharkey's Financial Algebra Classes - Assignments1) Sharkey Tank - Start your own business2) Part 2 of Sharkey Tank3) Part 3 of Sharkey Tank4) Profits

* use google slides to complete this assignment(do not copy examples)

** When finished share with me.

Sharkey TankAssignment #1

Step 1 - You are going to form a company/business

Step 2 - You will need to make 3 slides on google slides with the following information.

A) You will need a Name/Logo/SloganB) You will need a Corporate StructureC) You will need a Corporate Plan with Target Audience & Goals

Shark Tank Corp.The Corporation Experts

Example #1

Shark Tank Corp.Corporate Organization

President - Jeff Sharkey - In charge of product development

Vice President - Geoffrey Jones - In charge of sales & marketing

Example #1

Shark Tank Corp.Corporate Plan

Target Audience - People wanting to start up their own company or existing companies who want to streamline their company to increase productivity and profits

Corporate Strategy - We are the experts in start up corporations. We provide strategy and personnel for up and coming corporations.

Example #1

Shark Tank Corp.

The Corporation Experts

Example #2

Shark Tank Corp.Corporate Organization

President - Jeff Sharkey - In charge of product development

Vice President - Geoffrey Jones - In charge of sales & marketing

Example #2

Shark Tank Corp.Corporate Plan

Target Audience - People wanting to start up their own company or existing companies who want to streamline their company to increase productivity and profits

Corporate strategy - We are the experts in start up corporations. We provide strategy and personnel for up and coming corporations.

Example #2

Sharkey Tank Assignment #2

1) Today you are going to research what you will need (and the cost for each) to start your business/company.

2) Second, you will need to start thinking about the pricing for your goods and or services. You will need to do some research on similar items cost.

Shark Tank Corp.Start Up Cost

Rent for Corp. Office - $3,500 per month

Cost of Office Equipment & Supplies - $2,500 per month

Cost of Office Furniture - $2,000 per month

Cost of Secretarial Services - $3,000 per month

Miscellaneous expenses - $1,000

Total Cost - $12,000 per month

Example #1

Shark Tank Corp.Pricing

Corporate Consultant Fees - $150 per hour

Corporate Secretarial Services - $25 per hour

Corporate Financial Consultants - $50 per hour

Example #1

Shark Tank Corp.Start Up Cost

Rent for Corp. Office - $3,500 per month

Cost of Office Equipment & Supplies - $2,500 per month

Cost of Office Furniture - $2,000 per month

Cost of Secretarial Services - $3,000 per month

Miscellaneous expenses - $1,000

Total Cost - $12,000 per month

Example #2

Shark Tank Corp.Pricing

Corporate Consultant Fees - $150 per hour

Corporate Secretarial Services - $25 per hour

Corporate Financial Consultants - $50 per hour

Example #2

III) Sale & Marketing PlanAssignment #3

(Design the following for your Company)A) Webpage/Facebook pageB) Commercials

1) TV2) Magazine or Newspaper

Webpage Shark Tank Corp.

We are the experts in start up corporations. We provide strategy and personnel for up and coming corporations.

So, if you have just started a company, or even just thinking of starting a company your first call - to us, The Shark Tank Corp

Example #1

TV CommercialStart - Showing the outside of an office building -- then zoom in a window and see total a dysfunctional office.

Pan out, then pan into the office next door --- calm, efficent, & productive.

End -- with the words:

The Shark Tank Corp The Corporation Experts

Example #1

Profits - Assignment #4Profit - The amount of money earns on the sale of an item. (Retail Price - Wholesale Price = Profit)

Wholesale Price - The price a retailer paid for an item.

Retail Price - The price at which a retailer sells an item.

ProfitsExample 1 - Joe's online store sells five items. Bells, lights, wreaths, cards, and wrapping paper.Here are the wholesale price, retail price, and number of items sold for each item in the month of December. Calculate the profit for each item and then the total profit for the store.

Item Wholesale $ Retail $ Number Sold (Retail - whole) x number = Profit

Bells $4.25 $6.00 125 (6.00 - 4.25) x 125 = $218.75

lights $6.50 $8.25 75 (8.25 - 6.50) x 75 = $131.25

wreaths $12.50 $20.00 52 (20.00 - 12.50) x 52 = $390.00

cards $2.50 $4.00 201 (4.00 - 2.50) x 201 = $301.50

w. paper $3.50 (60%) $5.60 325 (5.60 - 3.50) x 325 = $682.50

(x 1.60) $1,724.00 profit

ProfitsPart II - What % of the total profit is each item? (round to nearest %)

bells 218.75/1724 x 100 = 13%

lights 131.25/1724 x 100 = 8%

wreaths 390/1724 x 100 = 23%

cards 301.50/1724 x 100 = 17%

w.paper 682.50/1724 x 100 = 40%

Profits#1 - Ron's online store sells four items. toy cars, baby dolls, lego's, and play doh.Here are the wholesale price, retail price, and number of items sold for each item in the month of December. Calculate the profit for each item and then the total profit for the store.

Item Wholesale $ Retail $ Number Sold (Retail - whole) x number = Profit

toy cars $5.33 $6.20 300

baby doll $8.50 $10.00 125

lego's $6.50 $8.25 152

play doh $3.50 (50%) ______ 201

________ profit

Part II - What % of the total profit is each item?(round to nearest %)

toy cars

baby doll

lego's

play doh

Profits #2 - Lynn's online store sells five different candy boxes. mixed chocolates, dark chocolate, peanut butter chocolates, cherry filled chocolates, and sugar free chocolates.Here are the wholesale price, retail price, and number of items sold for each item in the month of December. Calculate the profit for each item and then the total profit for the store.

Item Wholesale $ Retail $ Number Sold (Retail - whole) x number = Profit

mixed $8.50 $10.00 325

dark $8.50 $10.00 125

peanut Butter $7.50 $9.50 172

cherry $9.50 (75%) ______ 201

sugar free $10.00 (75%) ______ 102

________ profit

Part II - What % of the total profit is each item?(round to nearest %)

mixeddarkpeanut Buttercherrysugar free