deposits pp. 166-168 4-1 section. click to edit master text styles second level third level fourth...
DESCRIPTION
Click to edit Master text styles Second level Third level Fourth level Fifth level 3 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 3 of deposit (p. 166) Money put into a bank account. automatic teller machine (ATM) (p. 166) A bank machine that allows you to deposit or withdraw money electronically using a card. Key Words to KnowTRANSCRIPT
Deposits pp. 166-1684-1SECTION
• Click to edit Master text styles• Second level• Third level• Fourth level• Fifth level
2
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 2 of 15
4-1Section ObjectiveSection ObjectiveCompute:
• total checking account deposit
• Click to edit Master text styles• Second level• Third level• Fourth level• Fifth level
3
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 3 of 15
4-1
deposit (p. 166)Money put into a bank account.
automatic teller machine (ATM) (p. 166)A bank machine that allows you to deposit or withdraw money electronically using a card.
Key Words to KnowKey Words to Know
• Click to edit Master text styles• Second level• Third level• Fourth level• Fifth level
4
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 4 of 15
4-1
personal identification number (PIN) (p. 166)A personal number on a bankcard that gives you access to your bank account electronically.
Key Words to KnowKey Words to Know
• Click to edit Master text styles• Second level• Third level• Fourth level• Fifth level
5
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 5 of 15
4-1
Total Deposit = (Currency + Coin + Checks) – Cash Received
FormulaFormula
• Click to edit Master text styles• Second level• Third level• Fourth level• Fifth level
6
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 6 of 15
4-1
What’s the purpose of a deposit slip?
Fleet Footed Finances p. 166Fleet Footed Finances p. 166
• Click to edit Master text styles• Second level• Third level• Fourth level• Fifth level
7
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 7 of 15
4-1
Margaret Miller makes a deposit at an ATM. She has a check for $235.42 and a check for $55.47. She would like to receive $40 in cash and deposit the rest in her checking account. What is her total deposit?
Example 1Example 1
• Click to edit Master text styles• Second level• Third level• Fourth level• Fifth level
8
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 8 of 15
4-1
Step: Compute the total checking account deposit.(Currency + Coin + Checks) – Cash Received($235.42 + $55.47) – $40.00 = $250.89
Example 1 AnswerExample 1 Answer
• Click to edit Master text styles• Second level• Third level• Fourth level• Fifth level
9
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 9 of 15
4-1
Manuel Romeo has checks for $435.20, $271.19, and $327.96. He has cash consisting of 15 one-dollar bills, 7 five-dollar bills, 3 ten-dollar bills, 24 quarters, 5 dimes, 15 nickels, and 14 pennies. He would like to keep $75 in cash. What is his total deposit?
Example 2Example 2
• Click to edit Master text styles• Second level• Third level• Fourth level• Fifth level
10
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 10 of 15
4-1
Step: Compute the total deposit.Currency: $15 + (7 × $5) + (3 × $10) = $80Coins: (24 × $0.25) + (5 × $0.10) + (15 × $0.05) + $0.14 = $7.39Checks: $435.20 + $271.19 + $327.96 = $1,034.35($80 + $7.39 + $1,034.35) – $75 = $1,046.74
Example 2 AnswerExample 2 Answer
• Click to edit Master text styles• Second level• Third level• Fourth level• Fifth level
11
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 11 of 15
4-1
Find the total deposit.$82.63 + $14.28 + $155
Practice 1Practice 1
• Click to edit Master text styles• Second level• Third level• Fourth level• Fifth level
12
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 12 of 15
4-1
$251.91
Practice 1 AnswerPractice 1 Answer
• Click to edit Master text styles• Second level• Third level• Fourth level• Fifth level
13
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 13 of 15
4-1
Checks: $426.19 and $827.43Cash: 24 one-dollar bills, 8 five-dollar bills, and 11 ten-dollar bills Coins: 18 quarters, 52 dimes, 57 nickels, and 15 pennies.
Practice 2Practice 2
• Click to edit Master text styles• Second level• Third level• Fourth level• Fifth level
14
SECTION
Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 14 of 15
4-1
$1,440.32
Practice 2 AnswerPractice 2 Answer
Deposits4-1END OF SECTION
Page Turner Tutorials/Sessions/Training