Mountain Resort—Simple Interest Installment Loans, Market Share, Income Statement, and Cash Flow Statements
This activity sets the stage for a series of short lessons by introducing a well-crafted real-world scenario involving the business considerations involved in running a luxurious ski resort. In this context, students learn how to calculate simple interest installment loans and market share and generate income statements and cash flow statements. This resource was developed as part of the Career Math Toolbox — a compendium of math problems created by teams of educators and industry professionals illustrating the use of math in a variety of careers. Each problem includes an introduction for educators that describes the math used and the College Readiness Standards and Grade Level Expectations that are addressed by the problem. Each problem also includes a brief description of the career field exemplified by the math scenario. Additional problems in the Toolbox are available at www.pc3connect.org/projects/tranmath.html
This resource contains four activities that teach and reinforce applications of basic mathematics and introductory marketing concepts by teaching them within the context of the Business Management & Administration and Marketing career clusters.