Florida B.E.S.T. MA.912.FL.2

MA.912.FL.2 is a B.E.S.T. standard. These are the benchmarks under it.

• MA.912.FL.2.1

  Given assets and liabilities, calculate net worth using spreadsheets and other technology.

• MA.912.FL.2.2

  Solve real-world problems involving profits, costs and revenues using spreadsheets and other technology.

• MA.912.FL.2.3

  Explain how consumer price index (CPI), gross domestic product (GDP), stock indices, unemployment rate and trade deficit are calculated. Interpret their value i...

• MA.912.FL.2.4

  Given current exchange rates, convert between currencies. Solve real-world problems involving exchange rates.

• MA.912.FL.2.5

  Develop budgets that fit within various incomes using spreadsheets and other technology.

• MA.912.FL.2.6

  Given a real-world scenario, complete and calculate federal income tax using spreadsheets and other technology.

01

What Students Need to Do

Students track money coming in and going out, classify transactions, and calculate balances or profit. They also use scarcity, opportunity cost, supply, and demand to explain choices and prices.

02

What Mastery Looks Like

Students can record simple transactions and calculate revenue, expenses, profit, and account balances. They can explain how scarcity, incentives, supply, and demand affect financial choices and prices.

03

Common Misconceptions

Students may treat revenue as profit and assume every purchase is an expense rather than an asset. They may also confuse assets with liabilities or overlook opportunity cost when making choices.

04

How to Assess It

Give students five business transactions and a simple supply-and-demand graph. Ask them to classify each transaction, calculate profit, and explain the graph’s price change.

1. 01

   Give pairs transaction cards to sort as revenue, expense, asset, or liability, then record them in a simple ledger.

2. 02

   Ask students to write which lunch choice has the greatest opportunity cost and explain what they give up.

3. 03

   Run a classroom market game where buyers and sellers negotiate prices across three rounds with changing supply.

4. 04

   Use a sample pay stub and monthly bills to build a budget, calculate savings, and identify one tradeoff.

• MA.912.FL.1

  Build mathematical foundations for financial literacy.

• MA.912.C.2

  Develop an understanding for and determine derivatives.

• MA.912.FL.1.2

  Extend previous knowledge of ratios and proportional relationships to solve real-world problems involving money and business.

• MA.2.FR.1

  Develop an understanding of fractions.