Junior Cert 2012: Business (HL) Paper Two

AnnaTorvFan

OwlYouNeed wrote: »

Lol. I had my hand up for over five minutes before taking a "sudden coughing fit" to try and get his attention. He literally stands with his back to us, doing something with papers, I haven't a clue what.

hah :P
ours is like...60. :P she's lovely and kind and polite and all, but shes slow..and the 5th years bring her tea and biscuits so she spends like half an hour eating and drinking. then this dudes phone went off behind me so i was like **** >.<

Hannah_2012

AnnaTorvFan wrote: »

hah :P
ours is like...60. :P she's lovely and kind and polite and all, but shes slow..and the 5th years bring her tea and biscuits so she spends like half an hour eating and drinking. then this dudes phone went off behind me so i was like **** >.<

Hahah awh god, our examiner keeps nodding off asleep, its hilarious. :P

AnnaTorvFan

Hannah_2012 wrote: »

Hahah awh god, our examiner keeps nodding off asleep, its hilarious. :P

thank god im not there, i'd probably LOL and be kicked out.

Hannah_2012

Haha its not too bad, he nods off for a few then wakes up, he said during the exam that he has to stop falling asleep, I was in bits:L

JCHelp

They are by no means correct

Section A

Gross National Profit
European Union
Consumer Price Index

Tax/ Insurance
Fuel

43,000
208,800
259,800

Ombudsman
Shop Steward

25%

Responsible for all losses
Long Hours

Bank
Delivery Van
Delivery Van
Bank

Creditors Balance 9100DR
Credit Purchase 20000CR
Cash Paid 5400DR
BALANCE IS 5500CR

You benefit from the thing insured and suffer from it's loss

Balance
Trading and Balance
Trading

Bank Overdraft (CR)
Debtors (DR)
Share Capital (CR)

576

AIB
John Dolan
Andy Earley

To promote their good/ service
To increase sales

25 million

09/ 06/ 2012 Lily Ltd. 5 GL1 5,000 1,150 6,150

Quotation
Credit Note
Receipt

B
C
D

25,000
33,000

Section B
Question One

1089

July

532

Yes
Income is greater than planned budget
Surplus Account

Question Three

A country where the people elect a government to run the country
The growth (or decline in this case) of a country over a certain period of time (usually a year)

2170 (deficit)

Finance

When the government is preparing a budget it has to decide which department to spend money on. For example the health department may apply for the finance to build a new hospital and the education department may apply for the finance to build a new school. However the finance department cannot afford to fund both so therefore decide to fund one, the school. The school is built and it makes the building of the hospital un-afford able. The hospital is the opportunity cost

Capital Expenditure for the government is money spent on things which will benefit them in the future e.g. building a school creates better education facilities benefiting the country
Current Expenditure for the government is money spent for immediate use e.g. Social Welfare benefits immediately affect the people who receive it and benefit the country then and there

Debt Servicing: The government pays off the countries debts

Question Four

A letter with a good layout and English as well as the proper content required

Sale of Goods and Supply of Services Act 1980

The goods must be of merchantable quality
The goods must be fit for the purpose intended

Credit Card Bill
Receipt

To provide proof of purchases and to record her purchases

Their Legal Rights - They know they are entitled to a refund and they know the government acts relating to the consumer (Consumer Protection Act 2007 and Sale of goods and Supply of services Act 1980)
Ask themselves if they can afford something before purchasing it

Question Six

Commission: Receiving a percentage of the profit made on the goods you sold
Flexitime: You can choose your own hours
Subsidised Meals: The company pay for your meals during working hours
Equal Opportunities Employer: The employer does not discriminate when choosing a suitable candidate for the job he/ she always gives everyone a fir chance

To give a fair days work to the best of their ability
To respect the employer's furniture, equipment etc...
Not to spread confidential information

To understand e-mails
To be able to use computer programs such as Spreadsheet and Word
To be able to type a reasonable amount of words per minute and be an experienced typist

848 euro




PAPER TWO

Question Two

Receipts
Quotations
Letters of Enquiry

42,150

On Sheet
Ensure all information is correct
Ensure it is being sent to the right company

On Sheet
On Sheet

Question Three

38, 900

To predict future growth

Summer months require less Light and Heat

Investment
Sponsorship

Question Four

430,200

Depreciation: When an asset is purchased it has a value. As it gets older it's value decrease. This is called depreciation.

Question Five

To encourage customers to buy off them
To give themselves a good name within the industry

Debtors Control Account
Balance Sheet

Decrease the repayment dates
Reduce other costs

When a company can no longer financially survive in an industry

9,000

21,000

On Sheet

On Sheet

AnnaTorvFan

@JC Help
Its 33.3% i think not 25%.
It asked for the cost of sales not the sales (cost of sales was 450000 - sales-grossprofit.)
:-D

i also got van bank bank van, but i was most definately wrong there :P

i also got bca i think. **** =/ you were right. i was debating on that one.


****. p2q4 4 i forgot to answer the depreciation q.

also, instead of ombudsman and shop steward, would conciliator and arbitrator be correct?
i'm kind of afraid my A is gone now

Oozamine

Ye i got 33% aswell
And for the shop steward question it said from a 3rd party so i said labors relations commission.
Are your sure about the delivery bank one
I said:
Purchases
Bank
Bank
Purchases
but could be wrong

AnnaTorvFan

Oozamine wrote: »

Ye i got 33% aswell
And for the shop steward question it said from a 3rd party so i said labors relations commission.
Are your sure about the delivery bank one
I said:
Purchases
Bank
Bank
Purchases
but could be wrong

Couldn't of been purchases as they werent reselling the vans or whatever it was they bought :S

It appears I was the only one in my year who actually noticed that cost of sales and sales are different, also appears very few of us got the final account to balance :P

Labors relation commission would have been correct

JCHelp

AnnaTorvFan wrote: »

@JC Help
Its 33.3% i think not 25%.
It asked for the cost of sales not the sales (cost of sales was 450000 - sales-grossprofit.)
:-D

i also got van bank bank van, but i was most definately wrong there :P

i also got bca i think. **** =/ you were right. i was debating on that one.


****. p2q4 4 i forgot to answer the depreciation q.

also, instead of ombudsman and shop steward, would conciliator and arbitrator be correct?
i'm kind of afraid my A is gone now

Yes you are right it is 33.3 ... Silly mistakes like that hate them.

Van Bank Bank Van ... I don't know to be honest i guessed

I'm not sure ... i'm not even sure if all mine are right ...

JCHelp

AnnaTorvFan wrote: »

Couldn't of been purchases as they werent reselling the vans or whatever it was they bought :S

It appears I was the only one in my year who actually noticed that cost of sales and sales are different, also appears very few of us got the final account to balance :P

Labors relation commission would have been correct

Final Account is 430,200

AnnaTorvFan

JCHelp wrote: »

Final Account is 430,200

sorry, that came out completely wrong.
the last piece of that should be to get the 33.3% not the thing to balance :P