Educate b

• Accruals- buy now pay later
• Volunteerism adds value to our economy as the volunteers are undertaking duties for no payment. This saves revenue for the government that can be used in other areas of the economy.
• The demand for highly skilled Football players is high but they’re in short supply. So people are willing to pay more to them as talented footballers are limited
• Rights of a borrower.

  • to cancel the loan with 14 days of signing it
  • To know the number and amount of payments to be made
• Carriage refers to the cost of transportation of goods. Carriage In is the cost of transporting (shipping and handling costs) goods into a business, i.e. on purchases. This is recorded as a cost

  of sale. Carriage Out is the cost of transporting goods out of the business, i.e. on sales.
• If your unable to repay a loan it may affect credit rating
• The responsibility of a borrower

  To be truthful on the loan application.

  To use the borrowed money for the purpose stated
• Benefit of volunteering.

  • Satisfaction of helping others

  • Developing relationships in your community

  • May develop new skills
• How can economic growth impact the environment

  • The increase production of goods can result in increased waste and waste can end up in landfills.
  • increase production of goods in factories can cause air pollution
• Dear Sir,

  I visited your shop today to return a faulty watch which I purchased on XX/XX/XX. One of the hands on the watch is not working. You said that I would need to contact the manufacturer. This isn’t according to the sale of goods and supply of services act 1980 that says that goods must be of merchantable quality. I am not happy with this response. I have the right to have my problem dealt with by you, the retailer. I would like you to contact me to arrange for the repair of the watch. If it cannot be repaired I am entitled to a full refund.

  Yours faithfully,
• Unethical business practices.

  • Pollution

  • Child labour

  • Poor quality

  • Very high prices

  • False advertising

  • Poor working conditions
• The CE logo means that it meets EU health and safety and environmental protection standards.
• The Small Claims Court provides consumers with a means to solve disputes without the need for a solicitor. It is important the consumer tries to solve the problem themselves before contacting this court.

  There are many advantages:

  • It is a fast and easy way to settle disputes.

  • It is cheap as legal costs are kept to a minimum. It costs €25 make a claim.

  • A district court judge will listen to both sides of the dispute and make a decision.

  • The maximum amount of compensation awarded is €2,000.
• subtract the closing stock from the cost of goods available for sale
• Add rent received after the gross profit
• Carriage out is an expense
• Total fixed assets + working capital =net profit
• export is a good or service sold to another country, for example, Irish beef
• Advantages of tourism for our economy.

  • Increased employment
  • Increase in tax revenue as tourists pay VAT on purchases
  • Raises the standard of living
• Benefits of selling on a global market -

  you can sell your goods on a world market and it creates jobs for people
• Challenges of selling on a global market

  • Language barrier
  • cost of currencies / exchange rate
• 1. You could find out more about the demand for the scarf by conducting a survey.

  2. You could find out more about the demand for the scarf by doing desk research

  about the number of visitors to Skellig Michael in winter
• Break even point = total cost = total revenue
• How do enterprises support the economy

  • They produce goods and services, they provide employment and this is less social protection pay.
  • ‘They May corporation tax