Income
Who is a dividend paid to?
Shareholders
Groceries is an example of which type of expenditure
Irregular expenditure
Closing cash for January becomes the ____________________
Opening cash for February
What's the smallest county in Ireland?
Louth
The next best alternative that I could have bought is called
Opportunity cost
A fixed annual amount paid to an employee
Salary
Paying the bills every month is capital expenditure. True or False
False
The first month
Which is the second planet from the sun?
Venus
Medical insurance on your payslip is an example of _________________
Benefit in Kind
When an employee works past their normal hours, they get paid _____________
Overtime
Unplanned purchases is called
Impulse Buying
Name two ways to cut back on spending. There are 6 mentioned in the book.
Cut back on spending, Extra income, Borrow, Savings, postpone nonessential spending and spread out payments
The Pacific Ocean
If in a budget the income is equal to the expenditure, it is called a ___________ budget
Balanced
Receiving a payment based on the value of the goods or services sold by that employee
Commission
Buying cheap items that will break soon is called _________
False Economy
Net Cash = A-B. What does A and B stand for
Total Income and Total Expenditure
Who is the owner of Tesla?
Elon Musk
What has many keys but does open any doors?
A Piano
Every worker is required by law to pay this
Statutory deductions
If the Net Cash is (560) and the opening cash is 400. what is the closing cash?
(160)
A winter holiday is booked for the family in June which costs 1,500 euro. The family had to put down a deposit in June of 20% and pay the balance in October. How much do they pay in October.
1,200 euro
What is the capital city of Argentina?
Buenos Aires
What is the name of Harry Potters Map?
Marauders Map