Free Essay

Wwwwwwww

In: Business and Management

Submitted By jcavanii
Words 1229
Pages 5
2009. S.43
WARNING
You must return this section with your answer book, otherwise marks will be lost.

Candidate's Examination Number

Coimisiún na Scrúduithe Stáit
State Examinations Commission
JUNIOR CERTIFICATE EXAMINATION, 2009

BUSINESS STUDIES – HIGHER LEVEL – PAPER I
TUESDAY, 9 JUNE 2009 – MORNING, 9.30 – 12.00

SECTION A
(80 marks)
Answer all 20 questions. Each question carries 4 marks.
Calculators may be used.
Make and Model of Calculator Used:

1.

Identify two examples of input devices and two examples of output devices used in IT:
(i)
INPUT DEVICES
(ii)
(i)
OUTPUT DEVICES
(ii)

2.

A person borrowed €13,500 for two years at 6%.
Calculate the flat rate of interest/simple interest this person will pay: (Show your workings.)
Workings:
Answer:

€__________
Page 1 of 10

OVER →

3.

List two examples of sales promotion methods used to sell goods in a retail outlet.
(i)
(ii)

4.

Complete the following Trading Account by filling in the four unshaded areas, numbered (i) to (iv):

Trading Account for year ending 31-03-2009




Sales


(i)

Stock (1-04-08)

90,000
58,000

(ii)

Carriage Inwards

2,000

140,000
230,000
60,000

(iii)

170,000
130,000

(iv)

5.

Explain two ways in which a company might use its retained earnings/reserves:
(i)

(ii)

6.

The following figures appear in a company’s Final Accounts:
Net Profit

€30,000

Capital Employed

Calculate the Return on Capital Employed:
(Show your workings.)
Workings:
Answer:

__________%
Page 2 of 10

€600,000

7.

On 1 June 2009, C. Allen sold goods on credit to K. Davoren for €1,500. There was no VAT on these goods.
Complete the ledger accounts of C.Allen, showing the names of the accounts and the relevant details, numbered (i) to (iv):
(i)

A/c

Dr

Cr

Date

Details

2009
June 1



Date

Details



32,000

(ii)

(iii)

A/c

Dr

Cr

Date

Details



Date
2009
June 1

Details


32,000

(iv)

8.

Explain the term Mixed Economic System:

9.

Select the correct document from the following list to complete each of the four unshaded areas in the chart below in the correct sequence:
Cheque

Credit Note

Quotation

Buyer Sends

Invoice

Seller Sends

1.

Letter of Enquiry

2.

3.

Order

4.

5.

Returns

6.
7.
9.

8.
Page 3 of 10

Statement
Receipt
OVER →

10.

Column 1 is a list of consumer terms. Column 2 is a list of statements which can be matched to these terms. (One statement does not refer to any of the consumer terms.)
Consumer Terms

Statements

1.

Consumer

A.

Form of compensation.

2.

Redress

B.

Let the buyer beware.

3.

Merchantable Quality

C.

Written promise which adds to consumer rights.

4.

Guarantee

D.

Person who buys goods and services for own use.

E.

Goods must be fit to be sold.

Match the two lists by placing the letter of the most appropriate statement under the relevant number below:
1.

11.

2.

3.

4.

A debtor owed a business €15,000. The debtor was declared bankrupt and paid 35 cent in the euro. The balance was written off as a bad debt.
Calculate the amount written off as a bad debt: (Show your workings.)
Workings:
Answer:



12.

Study the following channel of distribution:
MANUFACTURER

CONSUMER

Explain two reasons why this channel of distribution may arise:
(i)

(ii)

Page 4 of 10

13.

Complete and balance the Debtors Control Account on 30 April 2009 from the following information: €
Debtors balance on 30 April 2009

4,700

Total credit sales for April

21,590

Total cash received from debtors in April

17,800

Dr
Date

Cr

Debtors Control Account
Details



Date

Details



OR (Alternative Format)
Debtors Control Account
Date

Dr

Cr

Balance



14.

Details





Name one State-owned business involved in each of the following activities:
(i)

COMMUNICATIONS

(ii)

TRANSPORT

(iii)

HEALTH INSURANCE

(iv)

MARKETING
Page 5 of 10

OVER →

15.

Tick ( ) the appropriate columns to indicate where in the final accounts of a hairdressing service business the following items should be entered on 31/5/2009:
Operating Statement

Balance Sheet

Client fees
Wages
Stock of hair products (31/5/2009)

16.

Explain two duties of a shop steward in any organisation:

(i)

(ii)

17.

(i)

Enter the following balances in the partially completed General Journal of Browne Ltd:
1 January 2009

(ii)

Premises
Creditor: Casey Ltd

€240,000
€21,000

Calculate the Ordinary Share Capital:
Browne Ltd – General Journal
Date

Details

F

CB1

Premises

GL1

Creditor: Casey Ltd

CL1

Ordinary Share Capital

GL2

Assets, Liabilities and Share Capital of
Browne Ltd on this date.
Page 6 of 10

Cr


Bank

Dr



47,000

18.

Enter the following transaction in the Purchases Returns Book of Lynch Ltd:
On 3 June 2009, Lynch Ltd returned goods €4,000 to Murray Ltd (Credit Note No. 5).
The VAT rate on these goods is 21½ %.
Lynch Ltd – Purchases Returns Book
Date

19.

Details

CN
No.

F

Net


VAT


Total


On 1 May 2009, a petty cashier had an imprest of €100. During the month of May, she spent
€19 on postage, €36 on travel and €25 on cleaning.
(i)

Explain the term Imprest.

(ii)

Calculate the amount the petty cashier will require to restore the imprest.
Show your workings.
Workings:

Answer:



20.

Using your knowledge of the factors of production and their rewards/payments, fill in the missing information in the four unshaded areas below:
Factors of Production
(i)

Reward/Payment

Land
Interest

(ii)
(iii)

Enterprise
Wages

(iv)

Page 7 of 10

OVER →

For use with Section B - Question 1(A)
Budget Comparison Statement for the Casey household for the year 2008
Budget
Actual
Difference
INCOME
Jan – Dec



Salaries
Child benefit
Interest

52,000
3,600
540

Other
TOTAL INCOME

56,140

EXPENDITURE
Fixed
Mortgage

10,200

Car insurance

670

House insurance

580

Subtotal

11,450

Irregular
Household costs

8,880

Car costs

1,640

Clothing and footwear costs

1,900

Light and heat costs

3,100

Health insurance

1,600

Subtotal

17,120

Discretionary
Entertainment costs

3,000

Presents

1,000

Holidays

7,500

Subtotal

11,500

TOTAL EXPENDITURE

40,070

Net Cash

16,070

Opening Cash

2,225

Closing Cash

18,295
Note: Do not complete the shaded boxes
Page 8 of 10

For use in answering Section B – Question 1(B and C)
1. (B)
(i)

How much had the Casey household budgeted to save during
2008?

Answer:



(ii)

What was the budgeted closing cash at the end of 2008?

Answer:



(iii)

What was the actual closing cash at the end of 2008?

Answer:



(iv)

State by how much the Casey household’s Actual Total
Expenditure differed from their Budgeted Total Expenditure.

Answer:



(v)

Explain one possible reason why the health insurance company increased its charges.

1. (C)
(i)

Outline two pieces of financial advice you would give the Casey household in light of the
‘Actual’ 2008 Budget.
1

2

(ii)

Give two reasons why the Casey household would prepare a budget.
1

2

Page 9 of 10

OVER →

Document for use with Section B – Question 6 (A)
Workings
Gross Pay

PAYE

Tax Credit

Other

(i)

Wage Slip
Name:
Week No:

Basic Pay



Overtime




Gross Pay
Tax Credit



Deductions:
PAYE



PRSI



Trade Union



Savings



Total Deductions



Net Pay



PLEASE REMEMBER TO RETURN THIS SECTION ‘A’
WITH YOUR ANSWER BOOK
Page 10 of 10

Blank Page

Page 11 of 10

OVER →

Blank Page

Page 12 of 10…...

Similar Documents

Premium Essay

Quantative Apptitude in Computers

...* Dddddddddd ddddddddddddd dddddddddddddd dddddddddddddddd ddddddddddddddddd dddddddd d ddddddd ddddddd dddd dddddddd ddddddddddd dddddddddd dddddddddddd ddddddddddd ddddddddddd ddddddddddd ddddddddddd ddddddddddd ddddddd d ddddddddd ddddddd dddddddddddd dddddd ddd dddddddd dddddd dddddddd ddddddd ddddd ddddd dd ddd d dddddddddd dddd dddddd d dddd ddddddd ddddddd ddddd d d ddddd ddddddd dddddd d ddddddddd dddddd d ddddddd dddddd ddddddd ddddddd dddddddd dddddddd dddddddf fffffffffff ffffff ffffffff fffffffffffffwwwwwwwwww wwwwww w w w w wwwwwwww wwww www www w wwwwwwwwwww wwwwwwwwwwwFGDSFGDFGDFSG The ability to communicate with one another is of paramount importance to the success of the human race (Hartley, 1999). Communication is a dynamic process with the interacting components of sending and receiving information. Nonverbal cues may provide clarity or contradiction for a message being Premium1504 Words7 Pages * Communicating with Nonverbal and Verbal Communication One thing we all have in common is that we must all communicate in one form or another. Everyone communicates even if they know it or not. Both verbal and nonverbal communication is used during conversations. Using both forms helps convey and support the message you are trying to send. Up to Premium484 Words2 Pages * Dimensions of Culture, Values, and Communication Paper Dimensions of Culture, Values, and Communication Paper Abstract In the abstract, summarize what you learned by completing the......

Words: 1079 - Pages: 5

Free Essay

Impairment

...·¡“€® ® ·¶ ¡¶ “¯ ¯€ Žg Žg Žg g Žg ŽŽŽg Žg g g Ž ŽŽg Žg g µ g{³ © †´{©² ² µ´³ ‘°u€® ® ± ‘°u¯ € ±¯ ½” ± ± ”³ ³ ¼ ¼ ½ {œ œ  { ™{— — ˜š š ™{ › ˜ › ™˜˜”• • ™– ˜— —˜– ” ”””H“‘ H’“‘ ”H“‘ H’’“‘  ”””H’“‘ ”H’“‘ H’ “‘ H“‘ H’“‘ ”H’“‘ H’“‘ ””H’’“‘ ”’ MOCVD MOCVD MOCVD MOCVD { {œ œ  ­ {¬ W {W§ § « « ­¬ ª ªH¨ © › › H©§ § ¨ ¦˜¥d¤£Ÿ Ÿ ¦˜d£ ¥¤ ¢ £  ¡Ÿ Œ £¡Œž ž ¢ Ÿ PL PL X-ray X-ray {œ œ { { {œ œ  Hall Hall ECV ECV …q„„„g€  …qgƒ€ …q„g€‚‚‚‚‚‚‚‚‚‚‚‚ qgƒƒ€Pzzzzzzzzzzzz  ………q†ƒ q q„†ƒq …q„†ƒq q„†ƒq …q„gƒ€ …q„gƒ€ …q„gƒ€ …q„gƒ€ …„ƒ ~q|||| |||||||| {xy ~q {xy q zz{xy ~q}zz{ywwww wwwwwwww ~€ {x ~€ z{x ~€ z{x ~€ z{x ~~~q z{xxxy q z{y ~~q zzz{y q {xy x ƒ€ ˆg‡‡ ƒ€ ˆg ƒ€ ˆg €‚‚‚‚‚‚‚‚‚‚‚‚ ˆg‡‡ ‡‡‡‡‡‡‡‡ ƒ q ˆˆ† q† ƒq † ƒƒq ˆˆ† ƒ€ g ƒ€ ˆg ƒ€ ˆg ƒ€ ˆg ƒˆ 3. (LED) 2.PIN......

Words: 12158 - Pages: 49