All Vocab

1.STOCKS-a piece of the company that we own.
I invested in the Walmart this stock this week because it should go up because of Christmas.
2.BONDS-a debt investment where the investor loans money to a buisness/corporate that borrows funds and returns money with interest.
My grandmother gave me bonds for christmas, but I won't be getting $20 for another 10 years.
3.DOW JONES-Add the component stocks prices and dividing by the number of componets
I decided against buying stocks from Disney because the dow jones has been bad for the last year.
4.EQUITY- ownership of an asset that is completly paid off
My parents have not paid off their equity to their house yet.
5.DIVIDENDS-a distribution of a portion of a company's earnings.
Since I helped start my brother's lemonade stand by loaning money, I get a dividend of their profits.
6.EARNINGS-amount of profit that a company produces.
Johnson and Johnson's earnings are large this quarter.
7.PRIVATE COMPANIES VS. PUBLIC COMPANIES- You have to work for a company to buy from a private companies stolks and public companies' stocks are open to the public to buy.
I can't buy private company stocks but I can buy Walmart stocks.
8.GROWTH STOCK-Shares in a company whose earnings are expected to grow at an above average rate relative to the market.
I'm glad gold stocks have been up so the growth stock is better.
9.RISK-The chance of losing some or all of the original investmesnt.
If I had invested in GM a few years ago, it would've been a horrible risk to take.
10.SMALL CAP- Stocks that have less than $2 billion in their capalization.
Parlor News my local small town coffee shop is a small cap buisness.
11.MID CAP-Stocks with an average market capitalization.
Starbucks is a midcap company because it has more than $2 billion but less than $10 billion.
12.LARGE CAP- A company with the biggest market capitalization.
Walmart is a large cap company because it has so much money.
13.EXPLAIN THE NUMBER OF THE DOW (UP OR DOWN) WHERE DOES THE NUMBER COMEFROM?The number of the dow represents the average prive of 30 of the largest stocks being traded and the number comes from what the prices of these stock are on any given day.
The dow is up today because the president fixed our economy.
14.WHAT IS THE S AND P 500?-Stands for standard and poors 500 and is an index made up of 500 differenct stocks and is the benchmark of the overall market.
15.WHAT IS THE RUSSELL 2000?Index measuring the performance of 2000 smallest companies.
The russell 2000 is doing horrible because all the smallest buisnesses ran out of buisness.
16. TREASURY BOND-A government loan with a fixed rate and maturity of over 10 years.
I'm about to cash in my treasure bond.
17.INFLATION-General increase of price for goods and services over time
Our ecomnomy is doing so well it's the best inflation we've seen in a long time.

18.GROSS DOMESTIC PRODUCT-When a brand new finished product is sold it contributes to the GDP, it’s dangerously used to show strength of our economy.
The gross domestic product has brought our economy up

19.CURRENCY-A form of exchange
CHina has a very different currency than the US.
20.INFRASTRUCTURE-Physical systems of a business or organization, they are often public systems, services, and facilities of a country or region that are necessary for economic activity
The infrastructure has been doing really well with the economy.
21.ECONOMY-The large set of inter-related economic production and consumption activities which aid in determining how scarce resources are allocated
Since everyone is buying things, are economy is doing great.
22.ECONOMIC SYSTEM-The large set of inter-related economic production and consumption activities which aid in determining how scarce resources are allocated
The economic system is low in production today, so the economy is down.
23.SUPPLY AND DEMAND- If the demand is high the supply is low
The supply in gold is down, so the prices have raised.
24.INTEREST- charge for use of money
My interest was so high at the bank that I lost money, instead of made some.
25.ASSETS- Anything that can sell.
I sold my assets today to make more money.
26.ACCOUNTS PAYABLE- An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors.
I have almost paid off my accounts payable but I'm about to miss my deadline.
27.ACCOUNTS RECEIVABLE- Money owed by customers (individuals or corporations) to another entity in exchange for goods or services that have been delivered or used, but not yet paid for
My company had a great accounts receivable this year, we increased by 10 thousand dollars.
28.AMORTIZE-The paying off of debt in regular installments over a period of time
I have to amortize for my car for the next 6 months.
29.ECONOMIC INDEX-An indicator on what's going on in the economy.
The economic index for the economy is the dow jones.
30.DEPRECIATION- Decrease of appreciation in value.
I depreciate Sierra hitting me everyday of my life.
31.GROSS MARGIN- Profits divided by net sales
If I sold $500 cats and have $1000 dollars my gross margin is $2.
32.EARNINGS PER SHARE-Net income-dividends on preferred stock/ average outstanding shares.
33.LIABILITIES-A company's debts or obligations that are due
34.OVERHEAD EXPENSE-Overhead ratio is a metric that allows companies to evaluate expenses as a percentage of income
35.OWNERS EQUITYThe capital employed in a company, computed by deducting the book value of the liabilities from the book value of the assets. Also called net assets, net worth, shareholders' equity, or shareholders' funds.
36.PRODUCTION COST-The costs related to making or acquiring goods and services that directly generates revenue for a firm. It comprises of direct costs and indirect costs. Direct costs are those that are traceable to the creation of a product and include costs for materials and labor whereas indirect costs refer to those costs that cannot be traced to the product such as overhead.
37. WORKING CAPITAL-. The cash available for day-to-day operations of an organization.
38.LOAN-Written or oral agreement for a temporary transfer of a property (usually cash) from its owner (the lender) to a borrower who promises to return it according to the terms of the agreement, usually with interest for its use
39.LOSS LEADER-Good or service advertised and sold at below cost price. Its purpose is to bring in (lead) customers in the retail store (usually a supermarket) on the assumption that, once inside the store, the customers will be stimulated to buy full priced items as well.
40.SCARCITY-Ever-present situation in all markets whereby either less goods are available than the demand for them, or only too little money is available to their potential buyers for making the purchase. This universal phenomenon leads to the definition of economics as the "science of allocation of scarce resources."
41.OPPORTUNITY COSTS-A benefit, profit, or value of something that must be given up to acquire or achieve something else. Since every resource (land, money, time, etc.) can be put to alternative uses, every action, choice, or decision has an associated opportunity cost.
42.EXPLICIT COSTS-Expense that is contractual in nature and definite in amount, such as rent, salaries, wages, or utility bills. Explicit costs are easily recognizable for classification and recording.
43.IMPLICIT COSTS-The costs associated with an action's tradeoff. It is related to explicit costs, which represent the actual costs of an activity, and represents a cost that is not recorded but instead implied. For example, an employee could take a vacation and travel. The explicit costs would include travel expenses, the cost of a hotel room, and costs related to entertainment. The implicit costs relate to the tradeoff, namely the wages that the employee could have earned if the vacation was not taken.
44.PRICE-An amount what an item is worth
45.RELATIVE PRICE-Price of a commodity as it compares to another. The relative price is usually presented as a ratio between the two prices.
46.INCENTIVES-Inducement or supplemental reward that serves as a motivational device for a desired action or behavior.
47.PROFIT-The surplus remaining after total costs are deducted from total revenue, and the basis on which tax is computed and dividend is paid. It is the best known measure of success in an enterprise.
48.LOSS-The amount that was deducted from the total cost
49.EQUILIBRIUMState of stable conditions in which all significant factors remain more or less constant over a period, and there is little or no inherent tendency for change. For example, a market is said to be in equilibrium if the amount of goods that buyers wish to buy at the current price is matched by the amount the sellers want to sell at that price. Also called steady state.
50.SURPLUS-Extent to which generation of goods, services, and resources (such as capital) exceeds their consumption.
51.SHORTAGE-Situation where the quantity available or supplied in a market falls short of the quantity demanded or required at a given time or price.
52.MINIMUM WAGE-the price at which the goverment chooses the price at the lowest an employee can be paid.
53.PRICE FLOOR-Limit beyond which a cost will not be allowed to fall.
54.BEAR MARKET-Period in which prices of securities or commodities fall by 20 percent or more. During such periods (1) investment interest is generally limited, (2) concerns about the state of the economy abound, and (3) dealers or speculators are more inclined in selling their investment portfolios than to increase their risk by holding
55. BULL MARKET-Securities or commodities market in which prices are rising, bulls are trading in high volumes, investment interest is high, and the public views the economy as strong and getting stronger. Some US bull markets (like the one that ended in the year 2000) have lasted for more than 15 years.
56.BOOM-Period that follows recovery phase in a standard economic cycle. A boom is characterized by an economy working at full or near-full capacity, strong consumer demand, low rate of unemployment, and a rising stockmarket, usually accompanied by rapidly increasing consumer prices (inflation).
57.BILL OF EXCHANGE-A written, unconditional order by one party (the drawer) to another (the drawee) to pay a certain sum, either immediately (a sight bill) or on a fixed date (a term bill), for payment of goods and/or services received. The drawee accepts the bill by signing it, thus converting it into a post-dated check and a binding contract.
58.BUDGET DEFICIT-Amount by which actual expenses exceed planned expenses. Opposite of budget surplus.
59.CAPITALFactors of production that are used to create goods or services and are not themselves in the process.
60.SHORT SELL-A trading strategy in which an investor borrows shares of a security or futures contract (typically from a brokerage firm's inventory) and offers them for sale to other investors. If the price goes down, as the investor believes it will, he or she will buy the position back at the lower price and return them to the lender. If the price rises, the investor will be forced to buy the shares or contract back at a higher price to return them to the lender, resulting in a loss. In either case, the gross profit (or loss) on the trade will be the difference between the buy and sell price.
61.SHORT COVER-To repurchase a previously sold contract.

Job Shadow

Job Shadow Expectations/ Phone Call

On December 7th, I will be going to Parkside Elementary School for my job shadow day. I will be spending the day in Mrs. Carter's kindergarten class. I am looking forward to spending the day with an age group of children that I'm usually not around. I have no siblings that young so it will be a new experience. I am expecting a fun day full of chaos and not much structure.
According to Google the average elementary school teacher makes about $52,240 a year. Their job is needed in practically every single place in the world. Teachers are the building blocks of the future and are a key component as to what type of person you will be. A kindergarten teacher must get a 4 year teaching degree to teach in a school.
I sent Mrs. Carter an email instead of calling her because there was no phone number given. This went very smooth and I got the same answers that I was expecting. I figured I would need to be at the school by 7:45 before school started. I knew I would have to dress professionally and I would get a short
lunch.














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