SOLE SOURCE: A Financial Business Simulation – PART I & II
Sole Source is a trendy new store featuring athletic shoes, clothing and accessories.
Part I: Students will complete an income statement and balance sheet for the company.
Part II: Based on Sole Source’s first year’s sales figures, the management team is forecasting their second year’s sales by quarter. Students will calculate the forecasted sales for the second year.
How to write in and keep a check register.
Good record keeping is the key to no-hassle checking. Before you write a check or make a deposit, fill out your check register completely. Always describe the source or use of your money.
Students will receive a starter checkbook and checks so that they can begin using their accounts right away. Accounts will remain open until two weeks before the semester ends. All students will balance their checkbooks and reconcile their statements with their register.