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Performance Standards: The learners are able to solve problems involving fractions, decimals and percent related to business. Learning Competencies: The learner: - express: a. fractions to decimal and percent forms b. decimals to fractions and percent forms c. percent to fractions and decimal forms 0 give real-life situations to illustrate fractions, decimals, and percent I- solve problems involving fractions, decimals, and percent Direction: Solve for the following problems: 1. Convert 12% to a simplied fraction and to a decimal. 2. 2% 2, percent of the students at Hamilton Middle School have red hair. There are 700700700 students at Hamilton Middle School. 3. John is a quarterback. This year, he completed 350350350 passes, which is 70\\%70% 70, percent of all the passes he's attempted this year. 4. The denominator of a fraction exceeds the numerator by 5. If 3 be added to both, the fraction becomes 3/4. Find the fraction. 5. In a school, there are 500 students in total. If 2/3 of the total strength are boys, nd the number of girls in the school. 6. The width of the rectangle is 213 of its length. If the perimeter of the rectangle is 100 cm. Find its area. The learners are able to formulate and solve problems involving ratio and proportion, and use the concept of proportion in making life decisions. each. II solve problems involving direct. inverse and partitive proportion Direction: Solve for the following problems: 1. The average age of three boys is 30 years and their ages are in the proportion 3 : 5 : 7. Find the age of the youngest boy. 2. John weighs 63 kilograms. If he is going to reduce his weight in the ratio 7 : 6. nd his new weight. 3. The ratio of the no. of boys to the no. of girls in a school of 800 students is 3 : S. If 18 new girls are admitted in the school. nd how many new boys may be admitted so that the ratio of the no. of boys to the no. of girls may change to 2 : 3. 4. The monthly incomes of two persons are in the ratio 4 : 5 and their monthly expenditures are in the ratio 7 : 9. If each saves 50 per month, find the monthly income of the second person. 9. Fundamentals of Accountancy, Business and Management 1 Consultants should record the revenue when? December 25 or January 5'? And what principle encompasses it? A business with a Php 10.000 capital should report an expense amounting to Php 100 while a company having a 10 billion pesos capital does not need to report Php 100 expenses based on what principle? Mr. Sam owns a company. He uses two different credit cards one for the payment of business expenses and one for the payment of personal expenses. What concept in accounting does he follow? The Metro company purchased a tract of land for Php 800,000 in 2005. Because of ination, the worth of the tract of land is now 1,000,000. The Metro company cannot adjust its balance sheet because of what principle of accounting? The Lasani Stone Crushing Company purchased a piece of equipment for Php 10,000 several years ago. Today. the worth of equipment is only Php 2,500 but the company would still report it at original cost less accumulated depreciation. What is their basis for doing such? XYZ company was using straight line method for depreciation of asset for the past 5 years. One of the directors of the company propose to changed it to double declining balance method. You reject the proposal of the director. What will be the reason for the rejection of the proposal? A company buys vans from a bank under a lease agreement for the purposes of transport. Under that agreement, the company will have to pay some advance and will pay the remaining amount for vans in 4-year installments. Now although after paying the advance, bank will provide the company with the possession of the vans and company will own those vans from an \"economic point of view\Content Standards: The learners shall be able to demonstrate an understanding of: the definition, nature, function, and history of accounting; the external and internal users of financial information; accounting concepts and principles; and the accounting equation and able to demonstrate an understanding of: the five major accounts, namely: assets, liabilities, capital, income and expenses; and the two major types of books of accounts, namely, journal and ledger. Performance Standards: The learners shall be able to: cite specific examples in which accounting is used in making business decisions; solve exercises and problems on the identification of users of information, type of decisions to be made, and type of information needed by the users; cite users of financial information and identify whether they are external or internal users; identify generally accepted accounting principles; and solve problems applying the accounting equation and able to: define, identify, and classify accounts according to the five major types; and differentiate a journal from a ledger and identify the types of journals and ledgers. Learning Competencies: The learner: define accounting narrate the history/origin of accounting. define external users and gives examples define internal users and give examples . . . . . . explain the varied accounting concepts and principles. solve exercises on accounting principles as applied in various cases. illustrate the accounting equation perform operations involving simple cases with the use of accounting equation. discuss the five major account. prepare a Chart of Accounts. . . illustrate the format of a general and special journals. illustrate the format of a general and subsidiary ledger Direction: Give what is asked and determine the accounting principle in each case. Write your answer on a yellow pad paper or intermediate pad. Do not forget to write your name and consolidated number. 1. ABC Company has a policy of giving 5% commission based on sales. One of their sales agents sold amounting to 1 million pesos on the first quarter. The company paid him on the second quarter. The company should report the commission of the sales agent on the first quarter based on what principle? Give two principles 2. On December 25, 2015, the John Marketing Consultants receives Php 1,500 cash from SD corporation. This is an advance receipt of cash for which the consultancy service is to be provided in the month of January, 2016. On January 05, 2016, the relevant consultancy services are provided by John Marketing consultants to SD corporation. John Marketing