Lemonade Stand Price

For me, one cup of lemonade costs 13cents. The variables in this came was the amount of customers and the weather. The constants were the amount of lemons per pitcher, cups of sugar per pitcher, and ice cubes per cup. The parishable items were the ice cubes, lemons, and sugar.I learned from my math that by selling my lemonade that I can make a profit very easy.

December 20%

For this month me and Ty ended up getting bad news from sleeping giant. We called in and ended up getting rejected. We called in and because this isn't the best year that they have had, business hasn't been as good. Since business hasn't been good, risking a free rental day or a discounted day could cost them even more money. Now we are going to think of something different then a free day that wouldn't give them a chance of losing money.

Stocks explanation

A stock is a share or part of a company the the public buys so that the company and the people can make money.

A dividend is money that the company pays to the shareholder for buying a share of their company

A trade is buying a stock for a short time period.

A catalyst is something that increases the stock prices fairly quickly

Book review

The company that I am in chose to read "the art of money." The book was helpful and gave some good tips but it isn't something that I would read on my own. So I didn't really enjoy the book. I think that the highlight of the story was when he stated that anybody has a good chance to make money. This gave me a different look on things. It shows that you have to actually try to make money. I didn't enjoy the book mainly because it is not my style. It gave some helpful points but it wasn't the most interesting thing to read.

Raising minimum wage

Personally, I think raising the minimum wage is a bad idea. Even though it seems like people are making more money, in reality people will lose jobs so the companies don't go out of business. Many people think that raising the minimum wage will decrease poverty. A major reason why the minimum wage is not really an anti-poverty tool is that raising the minimum wage will cause businesses to reduce the number of workers they hire and the hours they ask their employees to work. According to Neumark et al :"The answer we obtain to the question of whether minimum wage increases reduce the proportion of poor and low-income families is a fairly resounding "no." The evidence on both family income distributions and changes in incomes experienced by families indicates that minimum wages raise the incomes of some poor families, but that their net effect is to increase the portion of families that are poor and near-poor." Another reason the minimum wage won't do anything is that most people that get minimum wage aren't in poverty. Also going back to people losing jobs, teenagers will take the place of adults because they will work for less because they don't need to support a family. According to Forbes, nothing will change for the highly skilled workers, the middle class workers will be ok, and the low class workers will be the ones losing jobs.









http://www.heritage.org/research/reports/2007/01/raising-the-minimum-wage-will-not-reduce-poverty

http://www.balancedpolitics.org/minimum_wage.htm

http://www.forbes.com/sites/quora/2013/02/20/why-shouldnt-we-increase-the-minimum-wage-to-20hour/

Lemonade Stand

The perishable items in the game were the lemons, ice, and sugar. The ice always melted and the lemons and sugar could just go bad. The one constant was the cups. The variables were the weather and the amount of people that went by. Also the cost of the supplies would change. The only thing I got from the game was that you could make more money if it was hotter outside.

20% October

Me and Ty decided to switch our project from preventing jam injuries to some sort of discount/free day at sleeping giant. Technically we have not accomplished our goal because we switched. We are going to get ahold of somebody at sleeping giant and try to arrange a free rental day or a reduced ticket price, or something like that. Our biggest problem is going to be having them take a chance because they could lose money if it didn't work. By the end of the month I want to get ahold of somebody and get an answer.