Giving Children a Financial Headstart!

Rich Kid Smart Kid Games
Game One: Jesse's Ice Cream Stand
Topic: Profit
Grade Level: K-2


>>Download Full Lesson Plan and Materials (PDF)

Interactive Internet Game Activity
Jesse is ready to open an ice cream stand and wants to sell his ice cream to earn money. An animated dialog between Jesse and his good friend Toki will introduce students to the game. Students must then help Jesse to make a profit by selecting the best of three possible ice cream scoopers.

Learning Objectives

  • Understand the concept of profit
  • Use money to count by 10's
  • Compare costs to sales

Assessments

Students will:
1) estimate the number of scoops of ice cream needed to make a profit
2) calculate total sales of ice cream cones
3) determine the amount of profit when shown the total cost of ice cream vs. the total sales of scoops

 

Classroom Activities

1. Jesse & Toki at the Ice Cream Stand - A cute script of Jesse and Toki discussing the ice cream stand and how Jesse can make a profit. Read to class to give students a brief overview of the concept of profit.
2. Counting Your Moola Berry Ice Cream Money - A valuable money counting activity. Make copies of this activity for each student. Read the instructions to the class. Every student should cut out each of the coins at the bottom of the page and paste one coin in the box for each scoop of ice cream on the ice cream cones. Students should then count the coins by 10's to determine the total amount of money collected.
3. Counting Your Moola Berry Ice Cream Profits - A class activity to get everyone involved. Make part of your classroom floor into an income statement by marking off a square area with masking tape then dividing it in half. The left side will represent the expense or cost side and the right side will represent the income or revenue side. Make enough copies of the big 10 cent coins so that each student has one coin and you have several of your own. Review the concept of profit. Then place a number of coins (maybe 10) on the left side representing the amount of money the business must pay for the ice cream. Ask each student to place their coin on the right side representing the amount of money for each scoop of ice cream sold. Have students compare two sides to determine how much money is profit. Change the amount of coins on the left side and repeat the process.

Class Discussion Questions
What is profit?
Why is profit important?
What would happen if Jesse didn't make a profit?
Why do profits go up and down?
Do you think that Jesse can turn his stand into a big business?

(Charts and activity sheets continue in the downloadable PDF file above.)


©2002 CASHFLOW®, CASHFLOW for KIDS®, Rich Kid Smart Kid ® are Registered Trademarks of CASHFLOW Technologies, Inc.
Games and/or game components protected under U.S. Patent Nos. 6,106,300; 6,032,957; 5,826,878 and/or U.S. Patents Pending 2002.
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