Mountain Resort—Simple Interest Installment Loans, Market Share, Income Statement, and Cash Flow Statements

This resource supports the teaching of specific education and training content that can be implemented by classroom instructors in the context of a particular career cluster.
Resource URL:
Author(s): 
Micah Arneberg
Sue Johnson
Author(s) Organizational Affiliation: 
Pierce County Careers Connection for the Washington State Transition Mathematics Project
Published: 
2007
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Abstract: 

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

Benefits and Uses: 

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.

This resource was reviewed and vetted through the Designing Instruction for Career Pathways initiative of the U.S. Department of Education, Office of Vocational and Adult Education under Contract No. ED-CFO-10-A-0072/0001.