Blog Summary

http://www.timesonline.co.uk/tol/news/uk/crime/article6037098.ece


Summary:
This article is about companies giving cash discounts to homeowner because of a recent of burgulars. Many believe that the increase of people stealing is due to the recession. Companies such as B&Q are giving discounts to help make people's home more secure. In January, there was a 4% rise in domestic burglary, a 16% increase in fraud and forgery and and an 18% rise in street robberies committed at knifepoint. Ministers also believe that the burglarly will continue to rise because history shows that crime rises when economic times are hard. customers who buys securities equipment such as alarm, window locks and timer switch will get a 10% discounts and customers who purchase 50 euros will get a 15% discounts. Burglary victims will also get a 10% discount card.

Connections:
The connection that I'd made with this article to the accounting 12 is chapter 12 of the accounting text book. In chapter 12, I have learned about cash discount which are given to customers who pays before the bill is due. Terms of sales such as 2/10, n/30 and 1/15,n/60 gives the customers discounts if the bill is paid before the due date. This is somewhat similar to the article. The customers get discount if they buy security items and customers who buys over 50 euros gets 15 % discounts; therefore, they are similar.

Reflection:
I think giving the discount for security items will somwhat lower the burglarly a bit. It will make homeowners house more safe, but burglars will always find a way to break in. Since the economy is bad, burglar will take any risk just to get money. I also think that giving 10% is to less because 10 per cent discount is like nothing because of the tax. I think it will be more effective if they raised the discount to 20%. This might lower burglary even more, since more and more houseowners will buy new securities items.