Mock exam paper D P1 Section B Higher Level

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PRE - JUNIOR CERTIFICATE EXAMINATION, 2014

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BUSINESS STUDIES – HIGHER LEVEL – PAPER I

SECTION B

(160 marks)

TIME: 2 ½ HOURS

  • All questions carry equal marks.
  • Attempt any FOUR questions.
  • Marks will be awarded for layout and presentation including, where appropriate, folios and dates.
  • Dates should show the day, month and year.
  • Calculators may be used.

1.

This is a house hold budget question.

Answer all parts of this question

  1. Page 8 of Section A is a partially completed Budget Table for the Brett household for 2014. You are required to complete this form by filling in the figures for the ‘Estimate: April to December’ column, and the ‘Total for year’ column. The following information should be considered:

(25 Marks)

  • David expects to get a bonus of €2,500 at Christmas.
  • Mary expects to get a 5% pay rise from 1st September 2014. She receives her overtime at the end of quarter 2 and quarter 4 of which she expects to receive €1,500 each quarter.
  • The National budget outlined that Child benefit will decrease by €30 per month from 1st June.
  • The Mortgage repayment is likely to increase by €125 per month from 01 July 2014.
  • The total amount payable for property tax in 2014 is €540.
  • Mary’s car insurance falls due for renewal in November and she expects it to be €500 which she will pay in full.
  • House insurance is paid every quarter a fixed amount of €80 per quarter.
  • Car loan is €75 per month due to be fully repaid following the October payment.
  • Households costs are expected to be €700 per month expect in August when the family are on Holiday for two weeks and expect the household costs to be 50% less for August.
  • ESB Bill for the 12 months (Jan –Dec) is expected to be €1,450.
  • Car Running Costs are expect to be €70 per month for petrol and €150 service due in December.
  • School Expenses of €120 is expected in September
  • Social expenditure is expected to be €100 per month expect in December when it will be double.
  • The household have Birthday’s in May & July ...

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