First Years (1A) Mr. Leahy

FIRST YEARS (1A)

MR. LEAHY

Business documents

Welcome Back

Class Schedule

Mr. Leahy – Monday & Friday

5 weeks 2 classes per week

Class Schedule

Week 1: Introduction to Business

DocumentsEffective PurchasingLetter Of enquiry

Week 2: Quotation Order

Week 3: Delivery Docket V.A.T.

Week 4: Invoice Credit Note Revision

Week 5: Test on Monday 4th

February Re- Cap of all classes Test Results Quiz

Business Documents

What are business documents?

They are…….

Letter of EnquiryQuotationOrder formDelivery DocketInvoice Credit Note

Effective Purchasing

Effective Purchasing

Effective purchasing means:

Purchasing the correct quantity at the right price and time.

Making Enquiries

How do business find out about suppliers??

Telephone Book Advertisements Trade Associations Sales Representatives Internet (Websites)

Methods Of Payment

How business pay for the goods that they purchase.

Methods of payment

Cash with order (no credit is given)

Cash on delivery (Payment made

before goods are exchanged)

Methods of payment

Cheque (Can be before delivery, on

delivery or after delivery)

Bank draft (guaranteed Cheque)

Credit transfer (money put into

sellers account)

Delivery

Some business offer free delivery called Carriage Paid.

Other business charge

Discounts

Some Manufacturers offer a Trade Discount.

Given to buyers selling goods on.

Retailer sells goods at full price = Profit.

Trade Discount is taken away before tax.

Mark Up

When % profit is calculated on the cost price.

Formula

Gross Profit X 100%

Cost Price

Homework

Finish off “Mark Up” sheet