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Banking, Finance & Insurance - BOOKKEEPER
Record Keeping of Entertainment Expenditure at Home (also found in Records Manager) Primary Middle Secondary Australian Curriculum General Capability: Numeracy Australian Curriculum General Capability: Personal and social capability
1.
"In
2018, holidays were Australia's biggest entertainment expense and we were
splashing out more than ever on overseas trips in particular. Australians
spent around $172 a week on recreation in 2015-16, according to the
ABS household expenditure survey, released last year.
Is this the case for your household especially since the COVID-19 pandemic? 2. You will need to draw up a table with the same headings eg. holidays to magazines & comics. In the columns, have "Guess" and then another column "Actual expenditure". 3. Under your chart's headings get your parents or carers to guess how much they spend on each of the items. You may include other headings eg. Board games. 4. Let's see if these guesses are real... Individually, and with the approval of your parents or carers, you are going to keep a record of all the transactions that occur in your household relating to entertainment for one month. Find out the following information - Expenditure on: a. Holidays - then average this expenditure over the year to find out what is spent each week. b. Sports lessons, games & equipment; attendance at games - average it out to find out what is spent each week. c. Digital Film/TV content/Phone charges d. Internet account charges e. Gambling f. Televisions g. Books h. Magazines & comics i. Other.... 5. Add up the expenditures - "Guess" and "Actual". Compare the totals - were these totals very different?
6. "Australians spent around $172 a week on recreation" according to the ABS report. How much does your family spend on recreation each week? Is it very different to the $172/week recorded here? Why? Why not?
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