20% blog

Unfortunatly, I don't think I have learned anything to be honest because I'm still having a hard time finding something to do. I wanted to do something with recycling, but that was already taken. It's hard to find something after all this time. This month I've been searching for something to do and trying to figure out what i could do it's just hard because I don't have a clue and the things I would want to do people are already doing.

Communism and socialism

Communism is where the government choose your career for you based on what your good at. Socialism is an equal opportunist. There similarities are they both are public schools.

Should we raise min wage?

No I do not think that we should raise minimum wage. I don't think we should raise it because then things on there menu will go up and all the prices will get higher. Jack Anderson an entrepreneur says that if they "higher minimum wage then they can go bankrupt, everybody could lose there jobs and their life savings". Kevin A. Hasset and Michael R. Strain says that a "higher minimum wage is more expensive for firms to hire workers." They also said raising minimum wage increases the number of unemployed workers who could find jobs." Kevin and Michael "people who keep their jobs get more money; these who lose their jobs, of fail to get new ones, suffer." So I think it's better that they don't raise minimum wage and they keep it the same.

Stocks, trades, catalyst, dividends

Stocks are defined as a unit of ownership within a company, an example of a stock would be you could invest in a Target stock. When you trade a stock is when you invest in one and trade it in for another one, for an example I could trade my Target stock for a Walmart stock. Catalyst can be described as something that sets off a peak in stock prices, like during Christmas time LG stocks increase immensely. Dividends are an amount that you get back from the taxes of the company you invested in, after Target recieves their tax return I would get a part of them.

Lemonade Stand

To earn $100 in the Lemonade Stand in took me MANY trials and errors, I probably started over 13 times before I got it. Overall, it cost me about 12 cents to create one cup of lemonade. The perishable items included lemons (because they would spoil), ice (because it melted), and on the rare occasion sugar (because bugs got in it.) It took me awhile to get down how much sugar/lemons/ice I should buy since my sugar to lemonade ratio was usually around a 2:1. Weather definitely played a huge impact in the game, when it was 55 degrees out and rainy I realized it was better to put maybe one ice cube with more sugar and price it at 10 cents. On the other side of the spectrum, when it was 99 degrees I would put 10 ice cubes per cup and more lemons that sugar. Hot days was when I made most the income. Popularity I think had the littlest effect on the sales, I think it was more about the quality of the lemonade. I definitely think that the game was a good representation on how running a business works and an example of supply and demand.

December goal 20%

On my 20% project I haven't got anything really done. I'm having a hard time trying to think of something I could do, but my the end of December my plan is to hurry and figure something out buckle down and a lot done on it so I can catch up. By the end of December I'll have what I want to do and a lot done with it, if that's getting it started and doing what I need to do so people know about it.

Salary

I stared with 50,000 dollars for my salary. With the Bahamas they don't have income, corporate, capital gains, value added,or wealth tax. They do have payroll taxes fund social insurance benefits. The amount is 3.9% paid by the employee and 5.9% paid by the employer. So I took 50,000-(.039 x 50,000) I multiplied .039 x 50,000 and got 1,950 then I subtracted 50,000 and 1,950 and my net ended up being 48,050. http://en.wikipedia.org/wiki/Economy_of_the_Bahamas