Assessment Matrix Midterm 2nd Sy 2018 19

Republic of the Philippines
Department of Education
Region VIII
Division of Southern Leyte
District of Macrohon
ICHON NATIONAL HIGH SCHOOL
Ichon, Macrohon, Southern Leyte
Assessment Matrix for Fundamentals of ABM 1
Cognitive Process What Will I Assess? How will I Assess? How will I score?
Completes the accounting

Applying cycle of a merchandising
business Part I One (1) point for every correct
/ ABM_FABM11- IVe-j -40 answer
Creating (Total = 100)
Prepared by: VENUS A. BANQUE

SHS – SST II
Region VIII
Midterm Examination in Fundamentals of Accountancy, Business and Management 1
Name: _________________________________________ Section: ____________ Score:_______________
Direction: Prepare a summary of transaction and record the transactions in the general journal
I. Calvo Delivery Service is owned and operated by Noel Calvo. The following selected transactions were completed by Calvo
Delivery Service during February:
A. Received cash from owner as additional investment, P35,000.
B. Paid creditors on account, P1,800.
C. Billed customers for delivery services on account, P11,250.
D. Received cash from customers on account, P6,740.
II. J. F. Outz, M.D., has been a practicing cardiologist for three years. During April 2009, Outz completed the following transactions in
her practice of cardiology:
Mar 1 Provide medical services to clients for cash P35,000.
Mar 2 Paid rent for the month, P3,000.
Paid advertising expense, P1,800.
Mar 6 Purchased office equipment on account, P12,300.
Mar 15 Paid creditor on account, P1,200.
Mar 27 Paid cash for repairs to office equipment, P500.
Mar 30 Paid telephone bill for the month, P180.
Mar 31 Paid electricity bill for the month, P315.
Summary of Transactions for Calvo Delivery Services

Asset = Liability + Owner’s Equity
General Journal (Calvo Delivery Services)

Date Account Title and Explanation Reference Debit Credit
Summary of Transactions for J. F. Outz, M.D

ASSETS = LIABILITIES + OWNER’S EQUITY
Mar
General Journal (J. F. Outz, M.D)
Date Account Title and Explanation Reference Debit Credit

SHS – SST II
Region VIII
Assessment Matrix for Applied Economics
One (1) point for every correct
Remembering Define basic terms in applied Part I Items 1, 2, 3, 4, 5 answer
economics ABM_AE12-Ia-d-1 (Total = 5)
Explain market structures Part II Items 1, 2, 3, 4, 5,6, 7, 8, One (1) point for every correct
Applying (perfect competition, monopoly, 9, 10 answer
oligopoly, and monopolistic
competition) (Total = 10)
ABM_AE12-Ie-h-7
discuss and explain factors Part III Items 1, 2, 3, 4, 5,6, 7, One (1) point for every correct
Analyzing affecting demand and supply 8, 9, 10 answer
ABM_AE12-Ie-h-5 (Total = 10)
Creating Analyze the effects of Part III Items 1, 2, 3 Five (5) points for every correct
contemporary issues such as answer
migration, fluctuations in the (Total = 15)
exchange rate, oil price
increases, unemployment,
peace and order, etc. on the
purchasing power of the people
ABM_AE12-Ie-h-8
Prepared by: Checked by:

LOINIMI M. MILAGROSO RAYAN M. ESTRADA
SHS –TII SHS Coordinator/MT 1
Noted by:
JUNILO E. GALUPO
Assistant Principal II
Region VIII
Midterm Examination in Applied Economics
I. Read each statement carefully and write the letter of your answer on the space provided before the number
_____1. It is the condition in which our wants are greater than our limited resources.
a. Abundance b. Surplus c. Deficit d. Scarcity
_____2. Since we are unable to have everything we desire, we must make __________ on how we will use our resources.
a. Judgement b. Decisions c. Choices d. Analysis
_____3. _____________ is a social science concerned with the efficient use of limited resources to achieve maximum satisfaction of
economic wants.
a. Macroeconomics b. Microeconomics c. Socioeconomic d. Economics
_____4. Maximizing production and profits
a. Efficiency b. Cost c. Money d. Consumption
_____5. It refers to the absence of work
a. Unemployment b. Underemployment c. Employment d. Deployment
II. Identify the words being described by each statement.

_______________1. The willingness and capacity to buy
_______________2. A market structure where the firm is the price maker
_______________3. States that when prices increase quantity demanded falls
_______________4. The willingness and capacity to produce
_______________5. Products produced are identical
_______________6. It is a condition where different economic firms seek to obtain a share of limited good by varying elements of the
marketing mix
_______________7. A thing or person that us used instead of another
_______________8. An individual or business that purchases the goods or services produced by a business
_______________9. Any person or entity which is a rival against another
_______________10. A party that supplies goods or service
III. Determine what will happen to price under the following circumstance. Write I for increase, D for Decrease and C for constant
_____1. Supply is greater than demand _____6. Price of crude oil increases
_____2. Supply is lesser than demand _____7. Drought is experienced
_____3. Demand exceeds supply _____8. Mangoes are in season
_____4. Supply exceeds demand _____9. Raw materials cost falls
_____5. A typhoon hits a specific place _____10. A civil war broke
IV. Answer the following briefly and concisely.

1. Explain this line “Filipinos are beggars sitting on top of a mountain of gold”.
2. How will business owners withstand stiff competition?
3. What do you think is the root cause of the economic problems that the country is experiencing?
SHS – SST II
Region VIII
Assessment Matrix for Entreprenuership
Identify the market problem to Section 2
be solved or the market need to
Analyzing be met; and
1.2 Propose solution/s in terms Section 3 (See Rubrics)
of product/s and service/s that
will meet the need using
techniques on seeking,
screening, and seizing
opportunities:
Evaluating Describe the unique selling Section 4
proposition and value
proposition that differentiates
one’s product/service from
existing products/services;
CS_EP11/12ENTREP-0d-7
Determine who the customers
Creating are in terms of: 2.2.1 Target
market; 2.2.2 Customer
requirements; and 2.2.3 Market
size
CS_EP11/12ENTREP-0d-8
Rubrics:
Exemplary 5 Accomplished 3 Developing 2 Beginner 1
Organization Good Organization, Organized, points are Some points are Poorly organized
points are logically somewhat jumpy organized; points jump
ordered around
Quality of Information Supporting details Some details are non- Details do not support Unable to find specific
specific to subject supporting to the subject the topic details
Neatness Clean and Neat Report is legibly Written Ill formed words are Illegible writing
seen
Timeliness Submit output on time Submitted 1 day late Submitted 2 days late 3 days late
SHS – SST II
Region VIII
Assessment Matrix for Business Finance
prepare financial statements One (1)point for every correct
Applying ABM_BF12-IIIb-6 Part 1 answer
(Total = 50)
SHS – SST II
Region VIII
Midterm Examination in Business Finance
Josefina Rosario is a painting contractor. During the month of April, he completed the following transactions:
Apr 2 Invested in the painting equipment valued at P12 300 and place P71 000 in a business checking
Account
3 Acquired a service vehicle costing P80 000 by paying P50 000 cash and signed a note for balance
4 Purchased painting supplies on account for P3 200
5 Completed a painting job and billed customer P4 800
7 Received P1 500 cash for painting an apartment
10 Purchased painting supplies for P1 600 cash
11 Received a P4 800 check from the customer billed on April 5
13 Billed a customer P6 200 for a painting job
14 Paid his assistant P1 500
15 Paid P400 for a tune-up of the service vehicle
18 Paid for the painting supplies purchased on April 4
20 Purchased a new ladder for P6 000 and other painting supplies for P2 900, on account
22 Received a telephone bill for P600, due next month
23 Received P3 300 in cash from the customer billed on April 13
24 Transferred P3 000 to a checking account
25 Received P3 600 in cash for painting a two-room apartment
27 Paid P2 000 on the note signed for the service vehicle
29 Paid the assistant P 1,800
Required:
1. Prepare the journal entries for the August transactions using General Journal
2. Open the following accounts in the ledger: Cash (111); Accounts Receivable (113) ; Painting Supplies (115);Prepaid
Insurance (116); Painting Equipment (141); Service Vehicle (151) Accounts Payable (211); Notes Payable (212); Rosario,
Capital (311); Rosario, Withdrawal (312); Painting Revenue (411); Wages Expense (511); Utilities Expense (513), and
Maintenance Expense (514)
3. Post the entries to the ledger accounts. Make the appropriate posting references in the journal and ledger
4. Prepare a trial balance

Assessment Matrix Midterm 2nd Sy 2018 19

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Republic of the Philippines

Assessment Matrix for Fundamentals of ABM 1

Completes the accounting

Prepared by: VENUS A. BANQUE

Midterm Examination in Fundamentals of Accountancy, Business and Management 1

Name: ___________________________ Section: Score:_

Summary of Transactions for Calvo Delivery Services

General Journal (Calvo Delivery Services)

Summary of Transactions for J. F. Outz, M.D

Prepared by: VENUS A. BANQUE

Assessment Matrix for Applied Economics

Prepared by: Checked by:

Midterm Examination in Applied Economics

Name: ___________________________ Section: Score:_

II. Identify the words being described by each statement.

IV. Answer the following briefly and concisely.

Assessment Matrix for Entreprenuership

Assessment Matrix for Business Finance

Midterm Examination in Business Finance

Name: ___________________________ Section: Score:_

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