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First Years (1A) Mr. Leahy

Business documents. First Years (1A) Mr. Leahy. Welcome Back. Class Schedule. Mr. Leahy – Monday & Friday 5 weeks 2 classes per week. Class Schedule. Week 1: Introduction to Business Documents Effective Purchasing Letter Of enquiry. Week 2: Quotation Order. Week 3:

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First Years (1A) Mr. Leahy

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  1. Business documents First Years (1A)Mr. Leahy

  2. Welcome Back

  3. Class Schedule • Mr. Leahy – Monday & Friday • 5 weeks • 2 classes per week

  4. Class Schedule Week 1: • Introduction to Business Documents • Effective Purchasing • Letter Of enquiry

  5. Week 2: • Quotation • Order

  6. Week 3: • Delivery Docket • V.A.T.

  7. Week 4: • Invoice • Credit Note • Revision

  8. Week 5: • Test on Monday 4th February • Re- Cap of all classes • Test Results • Quiz

  9. Business Documents • What are business documents?

  10. They are……. • Letter of Enquiry • Quotation • Order form • Delivery Docket • Invoice • Credit Note

  11. Effective Purchasing

  12. Effective Purchasing • Effective purchasing means: • Purchasing the correct quantity at the right price and time.

  13. Making Enquiries • How do business find out about suppliers??

  14. Telephone Book • Advertisements • Trade Associations • Sales Representatives • Internet (Websites)

  15. Methods Of Payment • How business pay for the goods that they purchase.

  16. Methods of payment • Cash with order (no credit is given) • Cash on delivery (Payment made before goods are exchanged)

  17. Methods of payment • Cheque(Can be before delivery, on delivery or after delivery) • Bank draft (guaranteed Cheque) • Credit transfer (money put into sellers account)

  18. Delivery • Some business offer free delivery called Carriage Paid. • Other business charge

  19. 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.

  20. Mark Up • When % profit is calculated on the cost price.

  21. Formula Gross Profit X 100% Cost Price

  22. Homework • Finish off “Mark Up” sheet

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