All Junior Cert Business Studies posts
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    HL Paper 1 Section A short questions answers SryanBruen

    1.

    ATM = Automated Teller Machine

    CT = Credit Transfer

    DD = Direct debit

    2. You could have a million examples for this haha.

    Communication - Raidió Teilifís Éireann (RTÉ), An Post, Bord na Móna, TG4

    Transport - Iarnród Éireann, Dublin Bus, Córas Iompair Éireann, Bus Éireann

    Production - Bord na Móna, Ervia (Bord Gáis - accepted)

    3.

    (i) 33,000

    (ii) 54,000

    (iii) 87,000

    4. 26 times

    5. Suppliers, staff details, name of business, contact details etc

    6. (i) Cash

    (ii) J. McCarthy

    (iii) J. McCarthy

    (iv) Cash

    7. I am actually unsure of this question

    8. Assess customers’ creditworthiness and set appropriate credit limits. You can ask new customers for trade references or pay for an online credit check.

    9.

    Advertising (Profit & Loss A/c)

    Stock (31/12/2015) (Trading A/c and Balance Sheet)

    Issued Share Capital (Balance Sheet)

    10.

    - Collect union subscriptions

    - Represent the workers who are in his / her trade union

    11.

    Buildings - Dr side with 211,100

    Debtors - Dr side with 44,800

    Dr side = 255,900

    Cr side = 255,900

    Ordinary share capital = 255,900 - 6,600 = 249,300 - Cr side

    12.

    A franchise is an authorisation granted by a government or company to an individual or group enabling them to carry out specified commercial activities, for example acting as an agent for a company's products. E.g. McDonalds, KFC, Burger King, Pizza Hut.

    13. 758.93 euro

    14.

    - To find out if a profit or loss has been made

    - To find out which part of the farm business is more profitable

    - To calculate tax liabilities

    - To collect information for government or EU grants

    - To give information when applying for a loan

    15. (i) 2%

    (ii) Consumer Price Index

    16.

    - Require a credit application

    - Check publicly available information

    - Use credit evaluation tools

    17.

    1 - C

    2 - A

    3 - D

    18.

    Date - 9 May 2016

    Details - Blue Ltd

    CN No. - 10

    F - DL1 (small 1)

    Net - 2,300

    VAT - 529

    Total - 2,829

    19.

    (i) 12,000

    (ii) Retained profit / Reserves / Retained earnings

    (iii) 62,500

    20.

    (i) Primary

    (ii) Tertiary

    (iii) Secondary

    Feel free to argue with my answers and post an answer for Q7.

    1. avatar image

      Theresa_3825

      For q6, can you say sales? And for q5, I thought the 5 business account heading were Final Accounts, History of Business, Marketing, Cash Flow Forecast and Cost but maybe this only applies for loans because I learned it off the the borrowing a company chapter. Do you remember what q7 was?

    2. avatar image

      DONALD J. TRUMP

      Could you say An Post for transport? It kind of is?

    3. avatar image

      Theresa_3825

      *business plan. And how did you get q19. I got that wrong.

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      SryanBruen

      Theresa, the papers are available on the SEC site now. No sorry, it's either Cash or Bank.

    5. avatar image

      SryanBruen

      You find the less dividends by multiplying the rate by the issued share capital and then take away the figures.

    6. avatar image

      SryanBruen

      Mmmm yeah An Post is kind of.

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      Johnobrien2k13

      no, theresa is right, its j mccarthy, sales, sales, j mccarthy

    8. avatar image

      SryanBruen

      Yeah I just realised that. Thanks for correcting me.

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      Sarah2014

      could you say Fáilte Ireland (communication) for Q2?

    10. avatar image

      SryanBruen

      Yes

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      rwa1

      OMGG YES FOR THAT COMMUNICATION QUESTION I JUST GUESSED IT AND GOT IT RIGHT WOO

    12. avatar image

      Sarah2014

      I didn't get franchise. is that in your business book? its not in mine

    13. avatar image

      rwa1

      yay got them all right :] thanks for posting these

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      SryanBruen

      Yes it is Sarah. It's in Marketing.

    15. avatar image

      Sarah2014

      its not in my book I checked

    16. avatar image

      SryanBruen

      What is your book called?

    17. avatar image

      Sarah2014

      I cant remember haha I handed it up today but its purple

    18. avatar image

      SryanBruen

      Probably Business Studies For Households & Enterprises then.

    19. avatar image

      Orlamariaflanagan

      The purple one is €urobusiness

    20. avatar image

      SryanBruen

      I have Eurobusiness but it's blue. If it's purple, you probably have the second edition of the book. The blue version is the third edition.

    21. avatar image

      Sarah2014

      oh right thank you :)

    22. avatar image

      ballet

      What was the balance for the final account ??

    23. avatar image

      donalnoc32

      could you say esb for production?

    24. avatar image

      SryanBruen

      I forgot my answer ballet sorry. Yes donalnoc32

    25. avatar image

      Elisha447

      Could you say eircom for communication of state

    26. avatar image

      SryanBruen

      Yes

    27. avatar image

      Orlamariaflanagan

      Sryan Bruan how many marks would you say that you would loose if you got the part in business documents wrong where you have to calculate how much refund she will get.. I put down 800 but others are saying like 688.80 or something

    28. avatar image

      SryanBruen

      Approximately 4-7 marks, no higher or lower.

    29. avatar image

      mazink0204

      it was a 25 mark answer so more than 4-7

    30. avatar image

      Orlamariaflanagan

      Yes that's what I was thinking considering it was a 25 mark question for the three parts.. But it was only one part I suppose

    31. avatar image

      xroisinx

      Can you please post something like this but for history HL

    32. avatar image

      Jack_3944

      Yes history would be great

    33. avatar image

      Jack_3944

      Yes please

    34. avatar image

      xroisinx

      Also have you any predictions for science?

    35. avatar image

      SryanBruen

      Well in reality, Science is impossible to predict as there is no choices and absolutely anything could come up. However, I have made this document for you. It shows all the experiments since 2011 have come up and it shows if the experiment came up in a certain year since then. You can predict yourself by seeing how often or when was the last time it came up.

      attachment Science Experiments 2016.pdf

    36. avatar image

      SryanBruen

      I don't do HL History.....

    37. avatar image

      xroisinx

      Thanks for the science!

    38. avatar image

      Me

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