Junior Certificate. Eurobusiness. Second Edition. Teacher s Manual. John Taylor B.Comm HDE. Folens

Junior Certificate Eurobusiness Second Edition Teacher s Manual John Taylor B.Comm HDE Folens

Editor: Sinéad Lawton Design and Layout: Gary Dermody 2006 John Taylor Folens Publishers, Hibernian Industrial Estate, Greenhills Road, Tallaght, Dublin 24. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission from the Publisher. The Publisher reserves the right to change, without notice, at any time, the specification of this product, whether by change of materials, colours, bindings, format, text revision or any other characteristic. Contents The Business of Living Chapter 1 Household Income...1 Chapter 2 Household Expenditure...2 Chapter 3 Household Budgeting...5 Chapter 4 Household Budgeting Revised (HL)...13 Chapter 5 Household Accounts and Filing...19 Chapter 9 Saving and Investing...20 Chapter 10 Borrowing...21 Chapter 11 Household Purchases...22 Chapter 12 Household and Business Insurance...23 The Business Environment Chapter 13 An Introduction to Economics...24 Chapter 14 The National Budget...25 Chapter 15 Foreign Trade...26 Chapter 18 Planning the Business...27 Chapter 24 The Employer...31 Chapter 27 Delivery Systems...36 Record Keeping Chapter 31 Purchases and Purchases Returns (HL)...37 Chapter 32 Sales and Sales Returns (HL)...38 Chapter 33 The Cash Book...39 Chapter 34 The General Journal (HL)...40 Chapter 35 Record-Keeping Revised (HL)...41 Chapter 36 Bank Accounts...42 Chapter 37 Control Accounts (HL)...43 Chapter 38 The Petty Cash Book (HL)...44 Chapter 39 The Trading Account...45 Chapter 40 The Profit and Loss Account...46 Chapter 41 The Profit and Loss Appropriation Account...47 Chapter 42 The Balance Sheet...48 Chapter 43 Adjustments to the Final Accounts (HL)...49 Chapter 44 Ledger Accounts for Adjustments (HL)...50 Chapter 45 Assessing the Business...51 Chapter 46 Club Accounts...52 Chapter 47 Farm and Service Firm Accounts...53

Chapter 1 Household Income Assignments 4. (iii) #8,370 5. Jan. Feb. Mar. Apr. Total Paul Curtis Salary 1,450 1,450 1,450 1,450 5,800 Mary Curtis Salary 640 640 640 640 2,560 Child Benefit 130 130 130 130 520 Total 2,220 2,220 2,220 2,220 8,880 Jan. Feb. Mar. Apr. Total James Wright Salary 1,870 1,870 1,870 1,870 7,480 Susan Wright Salary 1,400 1,400 1,400 1,400 5,600 Child Benefit 65 65 65 65 260 Sale of Car 1,000 1,000 Total 3,335 3,335 3,335 3,335 14,340 Jan. Feb. Mar. Apr. Total John Doolin Salary 1,500 1,500 1,500 1,900 6,400 Elaine Doolin Salary 1,300 1,300 1,300 1,300 5,200 Lottery win 2,000 2,000 Sale of shares 1,500 1,500 Total 2,800 4,800 4,300 3,200 15,100 6. Jan. Feb. Mar. Apr. May. June. Total PJ O Callaghan Salary 1,400 1,750 1,400 1,400 1,750 1,400 9,100 Mary O Callaghan Salary 450 450 450 1,350 Child Benefit 130 130 130 130 130 130 780 Sale of Computer 300 300 Total 1,530 2,330 1,830 1,980 1,880 1,980 11,530 7. Jan. Feb. Mar. Apr. Total PLANNED INCOME Alan Brennan Salary 1,350 1,350 1,485 1,485 5,670 Margaret Brennan Salary 1,400 1,400 1,400 1,650 5,850 Child Benefit 90 90 90 90 360 Interest from Savings 60 60 TOTAL INCOME 2,840 2,900 2,975 3,225 11,940 1

Chapter 2 Household Expenditure Assignments 6(a) Keegan Family Jan. Feb. Mar. Apr. May. June. TOTAL PLANNED EXPENDITURE Fixed Mortgage 600 600 600 600 600 600 3600 Car Loan 210 210 210 210 210 210 1260 House Insurance 45 45 45 45 45 45 270 Subtotal 855 855 855 855 855 855 5,130 Irregular ESB 48 67 54 169 Groceries 100 100 100 100 100 100 600 Telephone 84 92 86 262 Subtotal 184 148 192 167 186 154 1,031 Discretionary Entertainment 65 65 65 65 65 65 390 Furniture 600 600 Subtotal 65 665 65 65 65 65 990 TOTAL EXPENDITURE 1,104 1,668 1,112 1,087 1,106 1,074 7,151 (b) O Toole Family July. Aug. Sept. Oct. Nov. Dec. TOTAL PLANNED EXPENDITURE Fixed Mortgage 350 350 350 350 350 350 2,100 House Insurance 45 45 45 45 45 45 270 Subtotal 395 395 395 395 395 395 2370 Irregular Gas 94 140 180 414 Telephone 60 74 82 216 School Expenses 400 400 Groceries 100 100 100 100 100 100 600 Car Expenses 80 80 80 80 80 80 480 Subtotal 240 274 654 320 262 360 2,110 Discretionary Entertainment 55 55 55 55 55 55 330 Holiday 1,000 1,000 Subtotal 55 1,055 55 55 55 55 1,330 TOTAL EXPENDITURE 690 1,724 1,104 770 712 810 5,810

(c) Meehan Family Jan. Feb. Mar. Apr. TOTAL PLANNED EXPENDITURE Fixed Mortgage 470 470 470 470 1,880 Car Loan 150 150 150 150 600 Subtotal 620 620 620 620 2,480 Irregular ESB 52 61 113 Telephone 84 92 176 Clothes 140 140 Car Service 105 105 Groceries 102 102 102 102 408 Subtotal 154 186 408 194 942 Discretionary Entertainment 70 70 70 70 280 Furniture 1,000 1,000 Subtotal 70 1,070 70 70 1,280 TOTAL EXPENDITURE 844 1,876 1,098 884 4,702 (d) O Reilly Family Sept. Oct. Nov. Dec. TOTAL PLANNED EXPENDITURE Fixed Mortgage 510 510 510 510 2,040 Car Insurance 47 47 47 47 188 Television Licence 105 105 Subtotal 557 557 662 557 2,333 Irregular Telephone 64 70 134 Groceries 86 86 86 186 444 School Expenses 270 270 Gas 72 85 157 Car Expenses 53 53 53 53 212 Subtotal 481 203 224 309 1,217 Discretionary Entertainment 60 60 60 60 240 Holiday 800 800 Beauty Treatment 100 100 Subtotal 60 860 60 160 1,140 TOTAL EXPENDITURE 1,098 1,620 946 1,026 4,690

7. Ellisson Family July Aug. Sept. Oct. TOTAL PLANNED EXPENDITURE Fixed House Mortgage 450 450 450 450 1,800 Car Loan 220 220 220 220 880 Car Tax 180 180 Subtotal 670 850 670 670 2,860 Irregular ESB 45 70 115 School Costs 150 150 Telephone 55 90 145 Groceries 306 306 306 306 1,224 Subtotal 361 351 546 376 1,634 Discretionary Entertainment 70 70 70 70 280 Holiday 1,100 1,100 House Re-decoration 150 150 Subtotal 220 1,170 70 70 1,530 TOTAL EXPENDITURE 1,251 2,371 1,286 1,116 6,024

Chapter 3 Household Budgeting 4. Kealy Family Jan. Feb. Mar. Apr. TOTAL TOTAL INCOME 12,000 12,600 12,000 13,400 50,000 Fixed Expenditure subtotal 4,500 4,500 4,500 4,500 18,000 Irregular expenditure subtotal 3,700 4,500 3,800 3,700 15,700 Discretionary expen. subtotal 2,300 2,400 2,500 4,600 11,800 TOTAL EXPENDITURE 10,500 11,400 10,800 12,900 45,600 NET CASH 1,500 1,200 1,200 500 4,400 OPENING CASH 100 1,600 2,800 4,000 100 CLOSING CASH 1,600 2,800 4,000 4,500 4,500 Wright Family Mar. Apr. May June TOTAL TOTAL INCOME 15,000 16,700 14,900 14,900 61,500 Fixed Expenditure subtotal 4,700 4,700 4,700 5,100 19,200 Irregular expenditure subtotal 5,500 6,100 5,800 4,200 21,600 Discretionary expen. subtotal 3,700 2,200 2,200 4,900 1,300 TOTAL EXPENDITURE 13,900 13,000 12,700 14,200 53,800 NET CASH 1,100 3,700 2,200 700 7,700 OPENING CASH 500 1,600 5,300 7,500 500 CLOSING CASH 1,600 5,300 7,500 8,200 8,200 Convey Family May June July Aug. TOTAL TOTAL INCOME 12,950 12,950 12,950 12,950 51,800 Fixed Expenditure subtotal 3,770 4,100 4,100 3,600 15,570 Irregular expenditure subtotal 4,500 5,300 5,700 4,700 20,200 Discretionary expen. subtotal 3,100 4,150 3,990 3,400 14,640 TOTAL EXPENDITURE 11,370 13,550 13,790 11,700 50,410 NET CASH 1,580-600 -840 1,250 1,390 OPENING CASH 700 2,280 1,680 840 700 CLOSING CASH 2,280 1,680 840 2,090 2,090

5. Keogh Family Jan. Feb. Mar. Apr. Total PLANNED INCOME Mark Keogh Salary 1,200 1,200 1,200 1,200 4,800 Jill Keogh Salary 1,300 1,300 1,300 1,300 5,200 Child Benefit 40 40 40 40 160 TOTAL INCOME 2,540 2,540 2,540 2,540 10,160 PLANNED EXPENDITURE Fixed Mortgage 400 400 400 400 1,600 Car Loan 100 100 200 Annual Car Tax 120 120 House Insurance 10 10 10 10 40 Annual Car Insurance 380 280 660 Subtotal 510 890 530 690 2,620 Irregular Household Costs 520 520 520 520 2,080 ESB 120 140 260 Telephone 80 120 200 Car Running Costs 150 150 150 150 600 Subtotal 790 750 810 790 3,140 Discretionary Presents 100 100 Entertainment 100 100 100 100 400 Holiday 1,000 1,000 Subtotal 100 100 1,200 100 1,500 TOTAL EXPENDITURE 1,400 1,740 2,540 1,580 7,260 NET CASH 1,140 800 0 960 2,900 OPENING CASH 120 1,260 2,060 2,060 120 CLOSING CASH 1,260 2,060 2,060 3,020 3,020

6. John Wilson Jan. Feb. Mar. Total PLANNED INCOME Salary 1,100 1,100 1,100 3,300 Total Income 1,100 1,100 1,100 3,300 PLANNED EXPENDITURE Fixed Apartment Rent 400 400 400 1,200 Insurance 54 54 54 162 Subtotal 454 454 454 1,362 Irregular Groceries 125 125 125 375 Telephone 165 175 340 Subtotal 290 125 300 715 Discretionary Entertainment 70 70 70 210 Subtotal 70 70 70 210 TOTAL EXPENDITURE 814 649 824 2,287 NET CASH 286 451 276 1,013 OPENING CASH 100 386 837 100 CLOSING CASH 386 837 1,113 1,113 7. Elizabeth Dardis Apr. May. June. Total PLANNED INCOME Salary 1,250 1,250 1,250 3,750 Total Income 1,250 1,250 1,250 3,750 PLANNED EXPENDITURE Fixed House Mortgage 560 560 560 1,680 Car tax 140 140 House Insurance 45 45 45 135 Subtotal 605 745 605 1,955 Irregular Groceries 150 150 150 450 ESB 65 80 145 Gas 100 100 Subtotal 215 250 230 695 Discretionary Entertainment 80 80 80 240 Clothes 100 100 Subtotal 80 80 180 340 TOTAL EXPENDITURE 900 1,075 1,015 2,990 NET CASH 350 175 235 760 OPENING CASH 150 500 675 150 CLOSING CASH 500 675 910 910

8. O Callaghan Family July Aug. Sept. Oct. TOTAL PLANNED INCOME Salary Mark 1,700 1,700 1,700 1,700 6,800 Salary Rachel 1,350 1,350 1,350 1,350 5,400 Total Income 3,050 3,050 3,050 3,050 12,200 PLANNED EXPENDITURE Fixed House Mortgage 650 650 650 650 2,600 Car Insurance 450 450 TV Licence 108 108 Subtotal 1,100 758 650 650 3,158 Irregular Groceries 170 170 170 170 680 Telephone 100 150 250 Motor Expenses 65 65 185 65 380 Subtotal 335 235 505 235 1,310 Discretionary Entertainment 80 80 80 80 320 Holiday 1,800 1,800 Subtotal 80 1,880 80 80 2,120 TOTAL EXPENDITURE 1,515 2,873 1,235 965 6,588 NET CASH 1,535 177 1,815 2,085 5,612 OPENING CASH 200 1,735 1,912 3,727 200 CLOSING CASH 1,735 1,912 3,727 5,812 5,812

9. Daly Family Jan. Feb. Mar. Apr. May. June. TOTAL PLANNED INCOME Salary Mark 1,850 1,850 1,850 1,850 1,850 1,850 11,100 Salary Elaine 600 600 600 600 600 600 3,600 Child Benefit 60 60 60 60 60 60 360 Total Income 2,510 2,510 2,510 2,510 2,510 2,510 15,060 PLANNED EXPENDITURE Fixed House Mortgage 640 640 640 640 640 640 3,840 Insurance 80 80 80 80 80 80 480 TV Costs 105 80 185 Subtotal 720 825 720 720 800 720 4,505 Irregular Groceries 175 175 175 175 175 175 1,050 Telephone 85 70 100 255 Motor Expenses 120 120 120 320 120 120 920 Subtotal 295 380 295 565 295 395 2,225 Discretionary Entertainment 75 75 75 75 75 75 450 Holiday 1,500 1,500 Golf Club 1,400 1,400 Subtotal 75 1,475 75 75 75 1,575 3,350 TOTAL EXPENDITURE 1,090 2,680 1,090 1,360 1,170 2,690 10,080 NET CASH 1,420-170 1,420 1,150 1,340-180 4,980 OPENING CASH 300 1,720 1,550 2,970 4,120 5,460 300 CLOSING CASH 1,720 1,550 2,970 4,120 5,460 5,280 5,280

10. Caulwell Family Jun. Jul. Aug. Sept. TOTAL PLANNED INCOME Simon Caulwell Salary 1,300 1,450 1,300 1,300 5,350 Eileen Caulwell Salary 1,500 1,500 1,500 1,500 6,000 Child Benefit 90 90 90 90 360 Interest on Savings 50 50 TOTAL INCOME 2,940 3,040 2,890 2,890 11,760 PLANNED EXPENDITURE Fixed Apartment Rent 580 580 580 580 2,320 Car Loan 370 370 740 Car Insurance 520 285 805 House Insurance 30 30 30 30 120 Subtotal 1,500 980 895 610 3,985 Irregular Household Expenses 480 330 480 480 1,770 Car Running Costs 230 230 230 230 920 School Uniforms & Books 340 340 Gas 84 65 149 Telephone 90 110 200 Subtotal 794 650 775 1,160 3,379 Discretionary Presents 140 140 Entertainment 80 80 80 80 320 Holiday 1,650 1,650 Subtotal 80 1,730 80 220 2,110 TOTAL EXPENDITURE 2,374 3,360 1,750 1,990 9,474 NET CASH 566-320 1,140 900 2,286 OPENING CASH 100 666 346 1,486 100 CLOSING CASH 666 346 1,486 2,386 2,386 10

11. Carole Sheridan Sept. Oct. Nov. Dec. TOTAL PLANNED INCOME Carole Sheridan Salary 1,350 1,350 1,350 1,350 5,400 Child Benefit 30 30 30 30 120 Interest on Savings 50 50 TOTAL INCOME 1,380 1,430 1,380 1,380 5,570 PLANNED EXPENDITURE Fixed House Mortgage 340 340 340 340 1,360 Insurance 45 45 45 45 180 Childminding 120 120 120 120 480 Television 62 62 Subtotal 505 505 505 567 2,082 Irregular Household Expenses 220 220 220 220 880 Car Running Costs 260 80 135 80 555 Telephone 80 72 152 Light and Heat 75 85 160 School Uniforms & Books 110 110 Subtotal 665 380 440 372 1,857 Discretionary Entertainment 30 30 30 30 120 Presents/Party 60 120 180 Course Fees 300 300 Subtotal 330 30 90 150 600 TOTAL EXPENDITURE 1,500 915 1,035 1,089 4,539 NET CASH -120 515 345 291 1,031 OPENING CASH 120 0 515 860 120 CLOSING CASH 0 515 860 1,151 1,151 11

12. Gardiner Family Jan. Feb. March April TOTAL PLANNED INCOME Alan Gardiner -Salary 560 560 560 560 2,240 Mary Gardiner Salary 350 350 350 350 1,400 Child Benefit 60 60 60 60 240 TOTAL INCOME 970 970 970 970 3,880 PLANNED EXPENDITURE Fixed House Mortgage 240 240 240 240 960 Bank Loan 80 80 80 80 320 House Insurance 15 15 15 15 60 Subtotal 335 335 335 335 1,340 Irregular Groceries 210 210 210 210 840 Telephone 55 60 115 ESB 45 38 83 Oil 108 108 School Expenses 45 45 Travel Expenses 35 35 35 35 140 Subtotal 300 290 458 283 1,331 Discretionary Entertainment 50 50 50 50 200 Painting and Decoration 140 140 Subtotal 50 50 50 190 340 TOTAL EXPENDITURE 685 675 843 808 3,011 NET CASH 285 295 127 162 869 OPENING CASH 150 435 730 857 150 CLOSING CASH 435 730 857 1,019 1,019 12

Chapter 4 Household Budgeting Revised (HL) 1. Hilliard Family July Aug. Sept. Oct. Nov. Dec. Total PLANNED INCOME Michael Hilliard Salary 800 800 800 800 960 960 5,120 Megan Hilliard Salary 1,000 1,000 1,000 1,050 1,050 1,050 6,150 Child Benefit 60 60 60 60 60 60 360 TOTAL INCOME 1,860 1,860 1,860 1,910 2,070 2,070 11,630 PLANNED EXPENDITURE Fixed House Mortgage 600 600 600 600 606 606 3,612 Car Loan 180 180 180 180 180 900 Car Insurance 150 150 300 House Insurance 18 18 18 20 20 20 114 Subtotal 948 798 798 950 806 626 4,926 Irregular Household Costs 350 350 350 350 350 500 2,250 Car Running Costs 110 110 150 120 210 120 820 ESB 60 65 70 195 Telephone 85 85 85 255 Subtotal 545 520 585 535 645 690 3,520 Discretionary Entertainment 70 70 70 70 70 140 490 Christmas Presents 120 120 Home Decoration 440 440 Holiday 750 750 Subtotal 70 820 70 510 70 260 1,800 TOTAL EXPENDITURE 1,563 2,138 1,453 1,995 1,521 1,576 10,246 NET CASH 297-278 407-85 549 494 1,384 OPENING CASH 100 397 119 526 441 990 100 CLOSING CASH 397 119 526 441 990 1,484 1,484 13

3. Lawlor Family Jan. Feb. Mar. Apr. May. June TOTAL PLANNED INCOME Kenneth Lawlor Salary 750 750 750 825 825 825 4,725 Sadie Lawlor Salary 800 800 800 800 920 920 5,040 Child Benefit 60 60 60 60 60 60 360 Sale of Shares 600 600 TOTAL INCOME 1,610 1,610 1,610 1,685 2,405 1,805 10,725 PLANNED EXPENDITURE Fixed House Mortgage 525 525 525 504 504 504 3,087 Car Loan 145 145 145 145 580 Insurance 54 54 54 54 54 54 324 Subtotal 724 724 724 703 558 558 3,991 Irregular Groceries 380 380 380 380 380 380 2,280 Car Running Costs 70 85 150 85 105 85 580 Gas 60 45 30 135 Subtotal 450 525 530 510 485 495 2,995 Discretionary Entertainment 140 140 140 140 140 140 840 Clothes 160 230 390 Holiday 650 650 New Furniture 550 550 Subtotal 300 140 140 1,340 370 140 2,430 TOTAL EXPENDITURE 1,474 1,389 1,394 2,553 1,413 1,193 9,416 NET CASH 136 221 216-868 992 612 1,309 OPENING CASH 50 186 407 623-245 747 50 CLOSING CASH 186 407 623-245 747 1,359 1,359 14

4. Rooney Family Jan. Feb. Mar. Apr. Total J A Estimate M D Total For Year PLANNED INCOME Gerard Rooney Salary 900 900 900 900 3,600 7,920 11,520 Elaine Rooney Salary 600 600 600 600 2,400 5,250 7,650 Child Benefit 30 30 30 30 120 240 360 TOTAL INCOME 1,530 1,530 1,530 1,530 6,120 13,410 19,530 PLANNED EXPENDITURE Fixed Mortgage 380 380 380 380 1,520 2,680 4,200 Annual Car Tax 320 320 320 House Insurance 26 26 26 26 104 156 260 Annual Car Insurance 740 740 Subtotal 406 726 406 406 1,944 3,576 5,520 Irregular Household Costs 350 350 350 350 1,400 3,090 4,490 Car Running Costs 150 150 150 150 600 1,390 1,990 ESB 54 60 114 336 450 Subtotal 500 554 500 560 2,114 4,816 6,930 Discretionary Presents 20 20 210 230 Entertainment 45 45 45 45 180 415 595 Holiday 300 300 1,500 1,800 Subtotal 45 345 45 65 500 2,125 2,625 TOTAL EXPENDITURE 951 1,625 951 1,031 4,558 10,517 15,075 NET CASH 579-95 579 499 1,562 2,893 4,455 OPENING CASH 100 679 584 1,163 100 1,662 100 CLOSING CASH 679 584 1,163 1,662 1,662 4,555 4,555 15

5. Paul, Sinead & Family Jan. Feb. Mar. Total J M Estimate A D Total For Year PLANNED INCOME Paul O Hara Salary 660 660 660 1,980 6,605 8,585 Sinead Scanlon Salary 800 600 800 2,200 7,420 9,620 Child Benefit 30 30 30 90 270 360 TOTAL INCOME 1,490 1,290 1,490 4,270 14,295 18,565 PLANNED EXPENDITURE Fixed Mortgage 480 480 480 1,440 4,440 5,880 Car Tax 110 110 330 440 House Insurance 25 25 25 75 225 300 Car Loan 180 180 180 540 180 720 Subtotal 795 685 685 2,165 5,175 7,340 Irregular Household Costs 420 420 420 1,260 4,100 5,360 Car Running Costs 150 150 150 450 1,470 1,920 Gas 80 80 490 570 Telephone 70 85 155 390 545 Subtotal 640 650 655 1,945 6,450 8,395 Discretionary Presents 20 20 240 260 Entertainment 80 80 80 240 870 1,110 Holiday 1,400 1,400 Subtotal 80 100 80 240 2,510 2,770 TOTAL EXPENDITURE 1,515 1,435 1,420 4,370 14,135 18,505 NET CASH -25-145 70-100 160 60 OPENING CASH 200 175 30 200 100 200 CLOSING CASH 175 30 100 100 260 260 16

6. Gleeson Family Jan. Feb. Mar. TOTAL Jan. Feb. Mar. TOTAL PLANNED INCOME Jim Gleeson Salary 1,200 1,200 1,200 3,600 1,320 1,320 1,320 3,960 Gail Gleeson Salary 850 850 850 2,550 850 850 Child Benefit 30 30 30 90 60 60 60 180 TOTAL INCOME 2,080 2,080 2,080 6,240 2,230 1,380 1,380 4,990 PLANNED EXPENDITURE Fixed House Mortgage 350 350 350 1,050 350 350 350 1,050 Car Loan 120 120 240 120 120 240 Child Minding Costs 90 90 90 270 Car Insurance 260 260 260 260 House Insurance 15 15 15 45 15 15 15 45 Subtotal 575 835 455 1,865 485 745 365 1,595 Irregular Household Costs 280 280 280 840 280 280 280 840 Car Running Costs 100 100 100 300 70 70 70 210 ESB 55 55 55 55 Telephone 90 90 180 50 50 100 Subtotal 470 435 470 1,375 400 405 400 1,205 Discretionary Entertainment 70 70 70 210 45 45 45 135 Presents 25 25 25 25 Holiday 150 150 Subtotal 70 95 220 385 45 70 45 160 Savings 140 140 140 420 140 140 140 420 TOTAL EXPENDITURE (Including Savings) 1,255 1,505 1,285 4,045 1,070 1,360 950 3,380 Net Cash 825 575 795 2,195 1,160 20 430 1,610 Opening Cash 50 875 1,450 50 50 1,210 1,230 50 Closing Cash 875 1,450 2,245 2,245 1,210 1,230 1,660 1,660 17

7. Barnes Family Oct. Nov. Dec. TOTAL Oct. Nov. Dec. TOTAL PLANNED INCOME Brian Barnes Salary 700 700 700 2,100 420 420 420 1,260 Linda Barnes Salary 500 500 500 1,500 500 580 580 1,660 Child Benefit 60 60 60 180 60 60 60 180 TOTAL INCOME 1,260 1,260 1,260 3,780 980 1,060 1,060 3,100 PLANNED EXPENDITURE Fixed House Mortgage 240 240 240 720 240 240 240 720 Child Minding Costs 60 60 60 180 30 30 30 90 Car Insurance 240 240 240 240 House Insurance 25 25 25 75 25 25 25 75 Gym Membership 350 350 Subtotal 325 565 325 1,215 645 535 295 1,475 Irregular Household Costs 290 290 290 870 290 290 290 870 Car Running Costs 110 110 110 330 60 60 60 180 ESB 65 70 135 40 55 95 Travel Expenses 14 14 14 42 Subtotal 465 400 470 1,335 404 364 419 1,187 Discretionary Entertainment 80 80 120 280 40 40 120 200 Presents 250 250 125 125 Home Decoration 460 460 460 460 Subtotal 540 80 370 990 500 40 245 785 Savings 80 80 80 240 80 80 80 240 TOTAL EXPENDITURE (Including Savings) 1,410 1,125 1,245 3,780 1,629 1,019 1,039 3,687 NET CASH -150 135 15 0-649 41 21-587 OPENING CASH 50-100 35 50 50-599 -558 50 CLOSING CASH -100 35 50 50-599 -558-537 -537 18

Assignments Chapter 5 Household Accounts and Filing 1. Total 350 Balance 97 2. Total 450 Balance 28 3. Total 1,520 Balance 634 4. Total 1,350 Balance 453 5. Total 4,210 Balance 2,915 6. Total 1,875 Balance 654 7. Total 2,435 Balance 1,278 8. Total (Cash) Total (Bank) 225 1,522 Balance Balance 98 129 9. Total (Cash) Total (Bank) 260 1,765 Balance Balance 61 415 10. Total (Cash) Total (Bank) 317 1,310 Balance Balance 50 204 11. Total (Cash) Total (Bank) 302 1,530 Balance Balance 32 (71) 12. Total (Cash) Total (Bank) 138 1,328 Balance Balance 0 77 13. (a) 244; (b) 246; (c) 68; (d) 436 14. (a) 210; (b) (168); (c) 378; (g) (68) 15. Total 1,495 Balance 294 (a) 195; (b) 59; (c) 101; (d) 294 19

Chapter 9 Saving and Investing Activity 9.1 1. (a) 2,340; (b) 3,120; (c) 520; (d) 3,328; (e) 2,080; (f) 2,184 2. (a) 1 year 1,296 2 years #1,392 3 years 1,680 (b) 1 year 1,802 2 years 1,904 3 years 2,210 (c) 1 year 2,288 2 years 2,376 3 years 2,640 3. (a) 1,276.80 (b) 1,781.60 (c) 2,270.40 4. (a) 1 year 1,080 2 years 1,166.40 3 years 1,259.71 (b) 1 year 1,484 2 years 1,573.04 3 years 1,667.42 (c) 1 year 2,496 2 years 2,595.84 3 years 2,699.67 (d) 1 year 1,332 2 years 1,478.52 3 years 1,641.16 (e) 1 year 2,464 2 years 2,759.68 3 years 3,090.84 (f) 1 year 2,478 2 years 2,924.04 3 years 3,450.37 5. 675 Assignments 10. (b) #4,500 (c) #80 (d) (i) #220 per student = #6,600 (ii) #10,892 20

Chapter 10 Borrowing Assignments 11. (a) 100 (b) 1,416 12. (a) 200 (b) 2,640 13. (a) 100 (b) 1,368 21

Chapter 11 Household Purchases Assignments 6. (a) 3,640 (b) 9,152 (c) 3,744 (d) 4,500 (e) 11,280 (f) 12.600 7. (a) 1,300 (b) 1,545 (c) 5,114 (d) 4,614 (e) 3,120 (f) 1,520 8. Rental: 741 Hire Purchase: 696 Loan: 668.40 9. Rental: 592.80 Hire Purchase: 632 Loan: 519.60 10. Rental: 6,150 Hire Purchase: 10,080 Loan: 10,800 11. Rental: 3,300 Hire Purchase: 4,040 Loan: 4,024 22

Chapter 12 Household and Business Insurance Assignments 14. (a) 393.75 (b) 310.80 15. (a) 239.25 (b) 379.20 (c) 500.40 16. (a) 344.25 (b) 459.00 17. (a) 2,088.00 (b) 3,084.00 18. (a) 20,000; 170,000 (b) 190,000 (c) 10,000; 2,500 (d) 20,000 (e) 15,000; 5,000 (f) 3,000; 800 19. (a) 700 (b) 812.50 (c) 935.00 23

Assignments 7. (a) 20% (b) 15% (c) 9% (d) 7% (e) 12% (f) 2% Chapter 13 An Introduction to Economics 8. (a) 4% (b) 3% (c) 2.5% (d) 5.5% (e) 2% 9. (a) 2% fall (b) 3.6% (c) 4.2% 24

Chapter 14 The National Budget Assignments 11. (a) 1020S (b) 980D (c) 1280S (d) 0 (e) 2150D (f) 1,000D 12. (a) 40S (b) 1378D (c) 5292D 13. (a) 2920D 14. (a) 2892D 15. (a) 1562D 25

Chapter 15 Foreign Trade Assignments 10. (a) 150s (b) 757d (c) 889s (d) 1d (e) 88s 11. (a) 307d (b) 1562s (c) 134d (d) 588d (e) 180d 12. (a) 96,900 (b) 540 (c) 1,942.50 (d) 3,060 (e) 2,038.40 (f) 414 13. 42; 5,100 14. 490; 70 15. 135 16. (a) 55.56; 533.33; 43.33 (b) 632.22 17. (a) 500 (b) 64.29 (c) 80 (d) 58 (e) 2,400 18. (a) 65; 72; 60 19. 60.67 20. 400 21. 9,000 26

Assignments Chapter 18 Planning the Business 5. Details Jan. Feb. Mar. Apr. Total Total Receipts 34,500 44,000 39,500 42,000 160,000 Total Payments 22,000 34,000 31,500 28,000 115,500 Net Cash 12,500 10,000 8,000 14,000 44,500 Opening Cash 3,500 16,000 26,000 34,000 3,500 Closing Cash 16,000 26,000 34,000 48,000 48,000 Details Jan. Feb. Mar. Apr. Total Total Receipts 67,000 58,500 76,500 71,000 273,000 Total Payments 62,000 61,000 90,000 46,000 259,000 Net Cash 5,000 2,500 13,500 25,000 14,000 Opening Cash 5,000 10,000 7,500 6,000 5,000 Closing Cash 10,000 7,500 6,000 19,000 19,000 Details Jan. Feb. Mar. Apr. Total Total Receipts 49,500 51,000 34,000 62,900 197,400 Total Payments 4,000 56,000 45,000 60,500 201,500 Net Cash 9,500 5,000 11,000 2,400 4,100 Opening Cash 3,700 13,200 8,200 2,800 3,700 Closing Cash 13,200 8,200 2,800 400 400 6. Details Jan. Feb. Mar. Apr. Total Receipts Sales 9,500 10,700 12,600 15,700 48,500 Capital 6,000 6,000 Total Receipts 9,500 16,700 12,600 15,700 54,500 Payments Purchases 5,400 9,200 7,000 8,400 30,000 ESB 600 500 1,100 Telephone 250 250 500 Wages 2,000 2,000 2,000 2,000 8,000 Rent 500 500 500 500 2,000 Total Payments 7,900 12,550 9,500 11,650 41,600 NET CASH 1,600 4,150 3,100 4,050 12,900 OPENING CASH 4,700 6,300 10,450 13,550 4,700 CLOSING CASH 6,300 10,450 13,550 17,600 17,600 27

7. Details Jan. Feb. Mar. Apr. Total Receipts Sales 12,800 14,100 13,900 18,750 59,550 Debtors 7,200 6,800 6,300 7,000 27,300 Govt Grant 3,000 3,000 Total Receipts 20,000 23,900 20,200 25,750 89,850 Payments Purchases 12,000 14,000 11,300 14,300 51,600 Creditors 3,400 4,600 3,700 5,100 16,800 Rent & Rates 1,600 1,600 1,600 1,600 6,400 Wages 1,500 1,500 1,500 1,500 6,000 Telephone 300 450 750 Insurance 1,000 1,000 Total Payments 18,500 22,000 19,100 22,950 82,550 NET CASH 1,500 1,900 1,100 2,800 7,300 OPENING CASH 3,700 5,200 7,100 8,200 3,700 CLOSING CASH 5,200 7,100 8,200 11,000 11,000 8. Details Mar. Apr. May. Jun. Total Receipts Sales 28,400 37,000 42,800 57,600 165,800 Debtors 19,100 20,200 24,600 23,600 87,500 Rent Received 2,000 2,000 2,000 2,000 8,000 Total Receipts 49,500 59,200 69,400 83,200 261,300 Payments Purchases 17,800 22,600 29,200 36,000 105,600 Creditors 10,000 18,400 20,700 28,200 77,300 ESB 800 1,000 1,800 Telephone 250 500 750 Insurance 5,600 5,600 Advertising 1,300 1,300 1,300 1,300 5,200 Machinery 15,000 15,000 Vehicle 12,000 12,000 Total Payments 30,150 47,900 67,700 77,500 223,250 NET CASH 19,350 11,300 1,700 5,700 38,050 OPENING CASH 1,500 20,850 32,150 33,850 1,500 CLOSING CASH 20,850 32,150 33,850 39,550 39,550 28

9. Details Mar. Apr. May. June. Total Receipts Sales 30,600 35,400 33,100 40,200 139,300 Debtors 12,100 14,700 15,100 18,200 60,100 Rent Received 600 600 600 600 2,400 Total Receipts 43,300 50,700 48,800 59,000 201,800 Payments Purchases 16,700 22,400 21,000 19,100 79,200 Creditors 10,300 12,600 14,800 22,600 60,300 Wages 6,000 6,000 6,000 6,000 24,000 Insurance 5,000 5,000 ESB 700 600 1,300 Advertising 1,700 1,700 1,700 1,700 6,800 Computer 10,000 10,000 Vehicle 12,000 12,000 Total Payments 39,700 53,400 55,500 50,000 198,600 NET CASH 3,600-2,700-6,700 9,000 3,200 OPENING CASH 2,000 5,600 2,900-3,800 2,000 CLOSING CASH 5,600 2,900-3,800 5,200 5,200 10. Details Jan. Feb. Mar. Apr. Total Receipts Sales 15,000 18,400 22,000 19,100 74,500 Debtors 12,400 14,700 8,300 15,600 51,000 Govt. Grant 5,000 5,000 Total Receipts 27,400 33,100 30,300 39,700 130,500 Payments Purchases 10,400 27,000 14,600 26,200 78,200 Creditors 8,000 14,600 12,700 15,000 50,300 Machinery 12,000 12,000 Wages 2,300 2,300 2,300 2,300 9,200 ESB 170 250 420 Telephone 250 220 470 Motor Expenses 210 210 210 860 1,490 Advertising 270 270 270 270 1,080 Insurance 1,200 1,200 Total Payments 34,630 44,550 30,300 44,880 154,360 NET CASH 7,230 11,450 0 5,180 23,860 OPENING CASH 2,500 4,730 16,180 16,180 2,500 CLOSING CASH 4,730 16,180 16,180 21,360 21,360 29

11. Details Jan. Feb. Mar. Apr. May. June. Total Receipts Sales 44,000 44,000 44,000 44,000 55,000 55,000 286,000 EU Grant 50,000 50,000 Share Capital 60,000 60,000 Total Receipts 44,000 44,000 44,000 94,000 55,000 115,000 396,000 Payments Purchases 15,000 15,000 18,000 18,000 18,000 18,000 102,000 Advertising 1,600 1,600 1,600 1,600 1,600 1,600 9,600 Wages 2,000 2,000 2,000 2,000 2,000 2,000 12,000 Rent 1,500 1,500 1,500 1,500 1,725 1,725 9,450 Insurance 8,500 8,500 Motor Vehicles 2,500 25,000 Equipment 100,000 100,000 Total Payments 20,100 45,100 23,100 123,100 23,325 31,825 266,550 NET CASH 23,900-1,100 20,900-29,100 31,675 83,175 12,945 OPENING CASH 5,000 28,900 27,800 48,700 19,600 51,275 5,000 CLOSING CASH 28,900 27,800 48,700 19,600 51,275 134,450 134,450 12. Details Jul. Aug. Sept. Oct. Nov. Dec. Total Receipts Sales 50,000 60,000 60,000 78,000 78,000 78,000 404,000 Grant 40,000 40,000 Sale of W/house 15,500 15,500 Total Receipts 50,000 60,000 60,000 93,500 11,800 78,000 459,500 Payments Purchases 35,000 35,000 35,000 43,750 43,750 43,750 236,250 Telephone 450 550 580 1,580 Wages 4,500 4,500 4,500 4,500 4,500 4,850 27,350 Advertising 1,300 1,300 1,300 1,300 1,300 1,300 7,800 Rent 5,000 5,000 5,500 5,500 5,500 5,500 32,000 Loan Repayments 6,500 6,500 6,500 6,500 26,000 Vehicles 60,000 60,000 Total Payments 52,750 52,300 53,350 61,550 115,630 55,400 390,980 NET CASH -2,750 7,700 6,650 31,950 2,370 22,600 68,520 OPENING CASH 3,000 250 7,950 14,600 46,550 48,920 3,000 CLOSING CASH 250 7,950 14,600 46,550 48,920 71,520 71,520 30

Chapter 24 The Employer Assignments 6. (a) 725.40 (b) 367.50 (c) 659.25 (d) 448 (e) 125 (f) 324 (g) 94.4 (h) 176 7. (a) 228 (b) 153.60 (c) 192 (d) 196.80 (e) 239.20 (f) 180 (g) 182 (h) 49.20 9. 666 10. 960 11. 696 12. 168 13. 390 14. 3,200 15. 2,170 25. (a) 1,742.40 (b) 2,852.85 17.(a) Employee: Cathal Byrnes Week 11 March 28 PAY: DEDUCTIONS Basic 331.50 PAYE 45.00 Overtime 136.00 PRSI 18.00 Pension 8.00 Health 7.00 Union 2.00 Net Pay Gross Pay 467.50 Total Deductions 80.00 387.50 31

(b) Employee: Rachel Canning Week 11 March 28 PAY: DEDUCTIONS Basic 656.00 PAYE 70.00 Overtime 246.00 PRSI 18.00 Pension 10.00 Net Pay Savings 3.00 Union 3.00 Gross Pay 902.00 Total Deductions 104.00 798.00 (c) Employee: Kevin Clarke Week 11 March 28 PAY: DEDUCTIONS Basic 175.00 PAYE 50.00 Bonus 60.00 PRSI 12.00 Pension 6.00 Health 4.00 Union 2.00 Net Pay Gross Pay 235.00 Total Deductions 74.00 161.00 (d) Employee: Jennifer Dowdall Week 11 March 28 PAY: DEDUCTIONS Commission 384.00 PAYE 80.00 Overtime 80.00 PRSI 18.00 Pension 10.00 Health 8.00 Savings 5.00 Net Pay Gross Pay 464.00 Total Deductions 111.00 353.00 (e) Employee: Peter Farrell Week 11 March 28 PAY: DEDUCTIONS Basic 1,800.00 PAYE 640.00 Overtime 480.00 PRSI 140.00 Pension 80.00 Health 45.00 Union 12.00 Net Pay Gross Pay 2,280.00 Total Deductions 917.00 1,363.00 32

(f) Employee: Lorraine Rice Week 11 March 28 PAY: DEDUCTIONS Basic 525.00 PAYE 70.00 Overtime 294.00 PRSI 10.00 Pension 8.00 Health 12.00 Net Pay Gross Pay 819.00 Total Deductions 100.00 719.00 18. Employee: Elaine Fitzgerald PAY: DEDUCTIONS Basic 195.00 PAYE 66.50 Overtime 15.00 PRSI 17.00 Union 7.00 Net Pay Gross Pay 210.00 Total Deductions 90.50 119.50 19. Employee: Ken Moloney PAY: DEDUCTIONS Basic 329.00 PAYE 64.36 Overtime 112.80 PRSI 33.14 Health 24.00 Union 3.00 Net Pay Gross Pay 441.80 Total Deductions 124.50 317.30 20. Employee: Ronan Quinn PAY: DEDUCTIONS Basic 740.00 PAYE 400.12 Overtime 222.00 PRSI 62.16 Shift 74.00 Pension 51.80 Medical 30.00 Saving 25.00 Net Pay Gross Pay 1,036.00 Total Deductions 569.08 466.92 21. Employee: Lisa Shannon PAY: DEDUCTIONS Basic 456.00 PAYE 109.16 Overtime 204.80 PRSI 41.75 Bonus 35.00 Union 3.00 Pension 34.79 Net Pay Gross Pay 695.80 Total Deductions 188.70 507.10 33

22. Employee: Niall O Connor PAY: DEDUCTIONS Basic 3,100.00 PAYE 1,302.00 Bonus 500.00 PRSI 270.00 Pension 288.00 Medical 80.00 Net Pay Gross Pay 3,600.00 Total Deductions 1,940.00 1,660.00 23. Employee: Bryan Lane PAY: DEDUCTIONS Basic 480.00 PAYE 325.40 Overtime 240.00 PRSI 52.20 Commission 150.00 Union 2.00 Medical 13.00 Pension 43.50 Net Pay Gross Pay 870.00 Total Deductions 436.10 433.90 24. Employee: Imelda Lyons PAY: DEDUCTIONS Basic 682.50 PAYE 185.50 Overtime 420.00 PRSI 66.15 Union 4.00 Medical 8.00 Pension 55.13 Net Pay Gross Pay 1,102.50 Total Deductions 318.78 783.72 26.(b) Date Employee Name Gross Wage Wages Book Deductions PAYE PRSI Pension Total Net Wages Employer PRSI Apr. 30 S. Byrne 1,300 260 108 92 460 840 169 Apr. 30 P. McDonald 1,500 300 124 108 532 968 195 Apr. 30 J. Kelly 1,700 340 142 120 602 1,098 221 Total 4,500 870 374 320 1,594 2,906 585 (c) Total Wages = 5,085 27(a) Date Employee Name Gross Wage Wages Book Deductions PAYE PRSI Union Total Net Wages Employer PRSI May. 31 L. Dervan 1,600 320 96 5 421 1,179 192 May. 31 K. Murray 1,200 240 72 5 317 883 144 May. 31 M. Twomey 1,400 280 84 5 369 1,031 168 Total 4,200 840 252 15 1,107 3,093 504 (b) Total Wages = 4,704 34

28. Employee Name Cash Analysis Statement Total Wage 50 20 10 5 2 1 50 20 10 5 2 1 A. Adlum 367.98 7 1 1 1 1 2 1 1 1 B. Barker 466.37 9 1 1 1 1 1 1 1 C. Coyne 245.76 4 2 1 1 1 1 1 D. Davis 388.56 7 1 1 1 1 1 1 1 1 E. Edwards 157.46 3 1 1 2 1 1 F. Feeley 369.36 7 1 1 2 1 1 1 1 G. Graham 298.57 5 2 1 1 1 1 1 1 H. Harris 577.65 11 1 1 1 1 1 1 Total 2,871.71 53 6 4 8 7 3 5 7 3 8 3 5 35

Chapter 27 Delivery Systems Assignments 12. (a) 330 (b) 252 (c) 260 (d) 216 (e) 188 (f) 336 (g) 164 (h) 346 (i) 126 (j) 105 (k) 185 (l) 238 (m) 332 (n) 208 (o) 148 13. (a) 4 hrs 1.00pm (b) 1 hr 45 mins 1.00pm (c) 4 hrs 6.20pm (d) 3 hrs 4.17pm (e) 4 hrs 8.24pm (f) 2 hrs 30 mins 5.15pm (g) 5 hrs 30 mins 6.45pm (h) 3 hrs 6.10pm (i) 3 hrs 7.25pm (j) 1 hr 36 mins 7.46pm 14. (a) 119.15 (b) 203.26 (c) 184.43 (d) 316.45 15. (a) 1,054.00 (b) 531.00 (c) 2,383.00; 56.74 16. (a) 35,560; 254.00 (b) 96,560; 254 17. (a) 29.50 (b) 31.00 (c) 28.25 (d) 22.75 36

Chapter 31 Purchases and Purchases Returns (HL) Assignments 1. Purchases Book Cost VAT Total 20,600 2,060 22,660 22,660 2. Purchases Book 35,500 3,550 39,050 39,050 3. Purchases Book 76,000 7,600 83,600 83,600 4. Purchases Book 231,400 23,140 254,540 254,540 5. Purchases Book Purchases Returns Book 103,500 3,700 10,350 370 113,850 4,070 113,480 6. Purchases Book Purchases Returns Book 142,600 4,100 14,260 410 156,860 4,510 156,450 7. Purchases Book Purchases Returns Book 171,200 2,200 17,120 220 188,320 2,420 188,100 8. Purchases Book Purchases Returns Book 155,200 9,100 15,520 910 170,720 10,010 169,810 37

Chapter 32 Sales and Sales Returns (HL) Assignments 1. Sales Book Cost VAT Total 60,600 6,060 66,660 66,660 2. Sales Book 75,500 7,550 83,050 83,050 3. Sales Book 126,900 12,690 139,950 139,050 4. Sales Book Sales Returns Book 712,800 24,300 71,280 2,430 784,080 26,730 781,650 5. Sales Book Sales Returns Book 195,400 8,300 19,540 830 214,940 9,130 214,110 6. Sales Book Sales Returns Book 932,700 15,400 93,270 1,540 1,025,970 16,940 1,024,430 7. Sales Book Sales Returns Book Purchases Book Purchases Returns Book 100,000 3,200 59,000 2,000 10,000 320 5,900 200 110,000 3,520 64,900 2,200 168,680 8. Sales Book Sales Returns Book Purchases Book Purchases Returns Book 81,500 2,700 149,000 4,100 8,150 270 14,900 410 89,650 2,970 163,900 4,510 244,990 9. Sales Book Sales Returns Book Purchases Book Purchases Returns Book 289,800 4,500 160,000 2,400 28,980 450 16,000 240 318,780 4,950 176,000 2,640 478,330 10. Sales Book Sales Returns Book Purchases Book Purchases Returns Book 165,000 2,400 109,800 3,500 16,500 240 10,980 350 181,500 2,640 120,780 3,850 291,060 11. Sales Book Sales Returns Book Purchases Book Purchases Returns Book 155,000 600 81,000 280 15,500 60 8,100 28 170,500 660 89,100 308 251,440 12. Sales Book Sales Returns Book Purchases Book Purchases Returns Book 229,500 7,500 175,000 5,600 22,950 750 17,500 560 252,450 8,250 192,500 6,160 426,700 38

Chapter 33 The Cash Book Assignments 1. 26,210 2. 56,360 3. 42,330 4. 42,750 5. 5,490 6. 53,000 7. 8,560 OD 8. 61,960 9. 10,770 39

Assignments Chapter 34 The General Journal (HL) 1. 225,100 2. 380,450 3. Total 291,300; OSC 261,200 4. Total 369,200; OSC 339,500 40

Assignments Chapter 35 Record-Keeping Revised (HL) 1. Sales Book Sales Returns Book Cash Book Cost VAT Total 28,800 600 24,700 3,600 75 32,400 675 102,525 200,975 2. Purchases Book Purchases Returns Book Cash Book 29,200 800 36,130 6,132 168 35,332 968 110,120 181,560 3. Purchases Book Purchases Returns Book Cash Book 10,000 200 31,200 1,000 20 11,000 220 47,800 108,800 4. Purchases Book Purchases Returns Book Cash Book 35,000 1,800 47,398 7,350 378 42,350 2,178 97,800 121,000 5. Cash Book 10,900 102,500 178,600 6. Cash Book 112,135 132,685 150,895 7. Purchases Book Sales Book Cash Book 35,000 53,000 28,020 7,000 10,600 42,000 63,600 73,000 197,120 8. Cash Book 46,410 74,500 237,360 9. Purchases Book Sales Book Cash Book 46,700 44,200 95,130 4,670 4,420 51,370 48,620 122,600 159,800 41

Chapter 36 Bank Accounts Assignments 1. 421 2. 332 3. 18,910 6. 206 7. 70 8. 15,265 9. 253 10. 1,240 11. 31,760 12. 633 13. 1,236 14. 664 15. 617.40 16. 588.15 42

Chapter 37 Control Accounts (HL) Assignments 2. 54,400 3. 64,500 4. 122,300 5. 489,900 6. 28,800 7. 63,500 8. 371,500 9. 143,600 43

Chapter 38 Petty Cash Book Assignments 1. 38.00 162.00 2. 23.50 226.50 3. 5.50 194.50 4. 41.00 159.00 5. 69.00 431.00 6. 55.00 295.00 44

Chapter 39 The Trading Account Assignments 4. (a) 30,100 (b) 52,400 (c) 136,544 (d) 43,300 (e) 83,300 (f) 110,610 5. 30,240 6. 113,800 7. 82,500 8. 98,580 9. 245,060 10. 148,300 11. 251,500 12. 141,940 13. (3,300) 14. 44,150 15. 19,160 16. 43,502 17. 146,138 18. 77,593 45

Assignments Chapter 40 The Profit and Loss Account 2. 10,200 3. 16,300 4. 45,790 5. (1,290) 6. 4,780 7. (2,180) 8. 24,465 9. (15,810) 10. 32,305 Gross Profit Net Profit 11. 47,600 12,170 12. 94,560 59,540 13. 67,840 21,660 14. 21,815 11,740 15. 9,750 1,530 16. 27,350 11,990 46

Chapter 41 The Profit and Loss Appropriation Account Assignments 4. (a) 18,000 450 (b) 17,000 300 (c) 19,200 240 (d) 16,000 600 (e) 14,000 300 13,000 (f) 35,200 480 12,800 (g) 36,000 360 24,000 (h) 35,000 600 10,000 5. (a) 13,600 (b) 19,700 (c) 58,800 (d) 34,350 (e) 68,430 (f) 138,300 6. (a) 30,000 (b) 8,120 (c) 35,250 (d) 21,958 (e) 10,050 (f) 54,900 47

Chapter 42 The Balance Sheet Assignments 5. 204,770 6. 233,090 7. 307,360 8. 126,750 9. 284,900 10. 159,020 11. 469,770 12. 215,000 Gross Profit Retained Profit Balance Sheet 13. 22,380 2,300 102,300 14. 37,000 4,050 163,050 15. 47,400 10,400 258,400 16. 63,200 30,800 124,800 17. 35,150 (35,600) 188,400 18. 66,500 26,300 226,300 19. 48,100 8,700 353,700 20. 100,150 20,000 294,500 21. 128,800 39,810 319,810 48

Chapter 43 Adjustments to the Final Accounts (HL) Assignments Gross Profit Retained Profit Balance Sheet 1. 19,352 1,740 104,640 2. 509,000 234,800 634,800 3. 43,950 16,505 176,505 4. 49,950 (4,150) 165,850 5. 51,410 18,920 238,920 6. 75,700 109,500 359,500 7. 174,600 74,320 274,320 8. 227,400 107,260 437,260 49

Chapter 44 Ledger Accounts for Adjustments (HL) Assignments P & L Balance Sheet 1. 4,000 800 2. 2,250 750 3. 3,300 600 4. 1,650 600 5. 823 115 6. 3,000 1,200 7. 1,200 300 8. 770 150 50

Chapter 45 Assessing the Business Assignments 2. (a) 30% 32% 25% 41% 37% 3. (a) 17% 19.5% 20% 16% 15% 4. (a) 12% 13% 14.5% 17.5% 18% 5. (a) 20% 19.5% 16% 18% 22% 6. (a) 2 : 1 3 : 1 2.5 : 1 4.5 : 1 3.2 : 1 1 : 1 1 : 1 1.5 : 1 3 : 1 2.24 : 1 7. Year 1 Year 2 Year 3 Year 4 Year 5 Credit Period Received 36.5 54.75 33.89 31.52 54.68 Credit Period Given 45.63 58.07 51.53 28.29 46.23 Stock Turnover 8 6.5 10 3 7.4 10. Year 1 Year 2 Year 3 Year 4 Year 5 Dividend per Share 1.5c 5.11c 12.5c 12.5c 16.25c Earnings per Share 25 34.09 69.44 41.67 25 % Dividend 1.5 5.11 12.5 12.5 16.25 11. (a) 25, 20 (b) 20, 16.67 (c) 20, 16.67 (d) 14, 12.28 (e) 25, 20 (f) 25, 20 12. (a) 50 (b) 16.67 (c) 33.33 (d) 3.6 (e) 13.64 13. (a) 350,000 (b) 10,000 (c) 340,000 (d) 190,000 (e) 1.89 : 1 (f) 12.9% 51

Chapter 46 Club Accounts Assignments Balance Total 3. 5,491 10,210 4. 2,856 4,375 5. 17,055 19,910 6. 3,374 4,574 (b) 300 ; (c) (29) 7. 15,740 34,050 8. 490 7,060 9. 210,250 271,050 Surplus 195,750 (b) 2,010 10. 2,265 11. 2,258 12. 1,790,240 13. 1,411,950 14. 983,650 15. 304,450 16. 1,920,500 17. 510,650 18. 31,630 19. 80,940 20. 50,190 21. 42,400 22. (a) 19,400 (b) 27,150 (c) 48,100 (d) 18,200 (e) 37,782 23. 6,950 24. (885) 25. 33,450; 161,830 26. (a) 6,900 (b) 106,900 (c) 13,500; 9,000; 115,900 27. (a) 141,060 (b) 318,100 (c) 30,960; 147,610; 465,710 28. 3,488 8,619 29. 22,640 27,279 157,435 30. (i) 2,055 5,690 (ii) 3,489 52

Chapter 47 Farm and Service Firm Accounts Assignments Balance Total 1. 4,744 9,270 2. 2,691 6,759 3. 20,550 4. 6,825 5. 15,292 6. (3,540) 240,460 7. 2,360 4,155 8. 4,640 8,640 9. 5,710 10. 3,950 11. 23,100 33,100 12. 140,610 240,610 53