Good Old Budgeting

Mr. Max taught us some new stuff today and went over a bunch of formulas and notes to help us along this week in our homework. Here are the notes:

Property Taxation
>land
>buildings
-to whom is it paid?=>Municipal(town of____?, R.M. of____?.)

Formulas:
-tax owing(LEVY)=portioned assessed value of property x mill rate /1000
Ex. Calculate the annual tax bill for the Munster family, knowing that their property is assessed at $68,000, and local mill rate is 22.319 mills.
=assessed value x mill rate/1000
=68000 x 22.319/1000
=$1517.69

***range of values $100 <= x <=5000

Home InsurancePremium
-dollar amount owing to an insurance company every time period (year?) to maintain insurance coverage. (house & belongings)

“PRO”RATED-pay more for more insuranceEx. $0.68 per $100 of insurance for the Keenan’s, with a home value of $109,000. How much do they pay(pay per year?).

109,000/100 x 0.68=$741.20

***range of values x <=$2000

Also don't forget to work on the homework and don't leave it last minute! Then again....it is going to be a SNOW DAY TOMORROW!

Monday Jan 8th

Hope everyone had a good holiday. Today we recieved the budget questions. We went through the way to make a budget using excel. The budget is on the coarsework drive under S3 budget. Its pretty easy just remember t drag everything around to make it faster for yourself. The homework questions are due around wednsday. Jason

Tuesday, December 12

Hey!
Today we had a work class because Mr.Max was away......
So here are a few links that might help you in the circle unit that we just started!

http://mathforum.org/dr.math/faq/formulas/faq.circle.html

http://math2.org/math/geometry/circles.htm

http://library.thinkquest.org/C0110248/geometry/circlesy.htm

Thanks..hope these sites help you, and the next scribe will be somebody from pod 5.

Caitlynd

December 7 Homework Question

A small company manufactures chairs and footstools. Each chair requires 7 feet of lumber and every footstool requires 3 feet. A chair takes 8 hours to make, and a stool takes 2 hours to make. Profit for chairs is $30.00, and footstools yield $10.00 in profit. If 420 feet of lumber and 400 labour hours are available, how many of each type should be built to maximize profit???