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Cash Flow Task Rubric

The document provides a task for creating a cash flow table for a new business, including listing at least 3 expenses and 2 sales for the first month. Students are asked to calculate the gross and net income for the first month and predict whether the second month will be more or less profitable, explaining their reasoning. The expectations rubric outlines levels of proficiency for completing the different elements of the task.

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Nevin Spinosa
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448 views

Cash Flow Task Rubric

The document provides a task for creating a cash flow table for a new business, including listing at least 3 expenses and 2 sales for the first month. Students are asked to calculate the gross and net income for the first month and predict whether the second month will be more or less profitable, explaining their reasoning. The expectations rubric outlines levels of proficiency for completing the different elements of the task.

Uploaded by

Nevin Spinosa
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Name: _______________________

Date: _______

Cash Flow Task Adding and subtracting integers exist in real-world situations. One place that this is common is the business world. In starting a business, there are expenses (negative integers) to get your business started and to keep it running, as well as profits and money to be made. Youre an entrepreneur ready to begin your own business. Although you will make money in your business venture, you need to spend money to purchase certain items, pay rent and staff members, and advertise to get your business off the ground. Task: Make a cash flow table to keep your finances on track for the first month of your business. Your cash flow table must show at least 3 expenses and 2 sales made. Then answer the following questions: 1. What is your gross income? (What is the total amount of money that you have earned in the first month? Do not account for money that you have spent.) All work must be shown. 2. What is your net income? (What is the total amount of money you have left over after your expenses are subtracted from your earnings?) All work must be shown. 3. What do you predict will happen in your second month of business? Will you be more or less profitable and why? A paragraph, 3-4 sentences may be written or typed to answer the question.
PLEASE ATTACH THIS TASK SHEET/RUBRIC TO YOUR PROJECT. Expectations 1 (5 points)
Did not address that part of the task or shows very little understanding

Levels of Proficiency 2 (10 points) 3 (15 points)


Some elements of task are correct or shows some understanding. Mostly correct. Shows understanding with minor flaws.

4 (20 points)
Complete, correct, and thorough understanding.

Create a cash flow table for your chosen business with at least 3 expenses and 2 sales listed. Determine the gross income of your first month of business Determine the net income of your first month of business

Describe, in detail, your predictions for month 2. Timeliness of finished product Due Date: ________

Turned in after class period due (Within 3 weeks)

Turned in after class period due (Within 2 weeks)

Turned in after class period due (Within 1 week)

Turned in on time (by class on the due date)

Example: Alice has started a business baking cookies. Although she makes money by selling cookies, she has also had to spend money for equipment and supplies. Alice made the cash flow table below to help her keep track of her finances for her first month in business.

#1: What is your gross income? $28 + $40 $68 My total gross income so far is $68. This is not accounting for the money I have spent on supplies, etc #2: What is your net income? (-$7) + (-$12) + (-$14) + $28 + (-$20) + $40 -7 12 14 + 28 20 + 40 15 My net income so far is $15. This is the profit I have made after money was earned from sales and my expenses were deducted from my gross income

#3: In my second month of business, I predict

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