# 3E Economics par. 5.2 and 5.5

Par. 5.1 assignment 5
A
Turnover € 4.800 Purchase value € 3.200
B
Turnover € 8.000 Gross profit € 3.200
C
Turnover € 8.000 Gross profit € 4.800
D
Purchase value € 4.800 Gross profit € 3.200
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Slide 1: Quiz
EconomieMiddelbare schoolvwoLeerjaar 3

This lesson contains 26 slides, with interactive quizzes and text slides.

Lesson duration is: 30 min

## Items in this lesson

Par. 5.1 assignment 5
A
Turnover € 4.800 Purchase value € 3.200
B
Turnover € 8.000 Gross profit € 3.200
C
Turnover € 8.000 Gross profit € 4.800
D
Purchase value € 4.800 Gross profit € 3.200

#### Slide 1 -Quiz

Par. 5.1 assignment 7
A
A 8.281 - 1.109 B 1.109 - 1.020
B
A 8.281 - 1.109 B 1.109 + 1.020
C
A 8.281 + 1.109 B 1.109 - 1.020
D
A 8.281 + 1.109 B 1.109 + 1.020

#### Slide 2 -Quiz

par. 5.1 assignment 14a
What is not a good calculation?
A
10.000 / 100
B
20.000 / 200
C
30.000 / 300
D
30.000 / 600

#### Slide 3 -Quiz

TVC sales 200
TC sales 100
TVC sales 100
5.1 14b
10.000 + 12.000
22.000 - 20.000
2.000 / 100 x 200

#### Slide 4 -Drag question

Assignment schedule costs
q
TFC
TVC
TC
CpP
TR
TP
0
100
5.000
200
120.000
300
400
200.000

#### Slide 5 -Slide

Assignment schedule costs
q
TFC
TVC
TC
CpP
TR
TP
0
180.000
0
180.000
-
0
-180.000
100
180.000
5.000
185.000
1.850
60.000
-125.000
200
180.000
10.000
190.000
950
120.000
-70.000
300
180.000
15.000
195.000
650
180.000
-15.000
400
180.000
20.000
200.000
500
240.000
+40.000

#### Slide 6 -Slide

Wage costs <--> Net wage
Net wage = Gross wage - Taxes and Employee social insurance contributions
F.e. = 3.000 - 1.000 = 2.000

Wage costs = Gross wage + Employer social security contributions
bijv. = 3.000 + 500 = 3.500

#### Slide 8 -Slide

WIG
Verschil loonkosten werkgever
en nettoloon werknemer

#### Slide 9 -Slide

Contributions
contributions employee insurance schemes paid by employers
F.e. WW and WIA

contributions national insurance schemes paid by employees
F.e. AOW and ANW

#### Slide 10 -Slide

Calculate the net wage:
Gross wage: € 3.000,-
Tax: € 800,-
employer's social security contributions € 75,-
employee's social security contributions: € 150,-
A
€ 3.950,-
B
€ 2.200,-
C
€ 2.050,-
D
€ 1.975,-

#### Slide 11 -Quiz

1. National insurance schemes are for everyone
2. Employee insurance schemes are for employees
A
1= correct 2= incorrect
B
1= incorrect 2=correct
C
Both are incorrect
D
Both are correct

#### Slide 12 -Quiz

Wage costs
When wage costs increase, Dutch companies could be forced to increase their selling price

This means that the Dutch international competitiveness could decrease

Increasing labour productivity could solve this

#### Slide 13 -Slide

Causes higher labour productivity:

- Education
- Mechanisation , Automation
- Better division of labour, Specialisation

#### Slide 14 -Slide

Labour costs per product will decrease if the percentual increase of the ...(1) is higher than the percentual increase of the ...(2)
A
1 labour productivity 2 wage costs
B
1 wage costs 2 labour productivity

#### Slide 15 -Quiz

graph page 155 ( blue and red )
The labour costs per product in 2003 will ...(1) and the labour costs in 2009 will ...(2)
A
1 decrease 2 decrease
B
1 decrease 2 increase
C
1 increase 2 decrease
D
1 increase 2 increase

#### Slide 16 -Quiz

Limiting wage increase
Labour costs per product are important for employment

Low labour costs per product --> Low prices Dutch companies
--> Better international competitiveness The Netherlands
--> More demand for Dutch products --> More production
--> More employees needed --> Lower unemployment

#### Slide 17 -Slide

An ICT company started of in 2019 and we have the following financial information:
In 2019 turnover was € 300.000,- and costs were € 244.000,-. In 2019 they also bought 5 computers for their employees for € 12.000,- in total.
In 2020 turnover increased to € 320.000,-  and costs increased to
€ 268.000,-.
For 2021 they expect turnover to drop to € 270.000,- and the costs to still be € 268.000,-. In 2022 they will buy new computers for the employees

#### Slide 18 -Slide

In 2019 turnover was € 300.000,- and costs were € 244.000,-. In 2019 they also bought 5 computers for their employees for € 12.000,- in total.
In 2020 turnover increased to € 320.000,- and costs increased to € 268.000,-.
For 2021 they expect turnover to drop to € 270.000,- and the costs to still be
€ 268.000,-. In 2022 they will buy new computers for the employees.
Highest profit in?
A
2019
B
2020
C
2021

#### Slide 19 -Quiz

Assignment
We buy the computers in year 2019, but it's not fair to say that the € 12.000,- belongs entirely in 2019.
We need to spread the cost over the service life of the computers and that is 3 years.
So not € 12.000,- in 2019 and € 0,- in 2020 and 2021, but
12.000 / 3 = € 4.000,- Depreciation costs in 2019,2020 and 2021

#### Slide 20 -Slide

Assignment
Result 2019 = 300.000 - 244.000 - 4.000 = € 52.000,-

Result 2020 = 320.000 - 268.000 - 4.000 = € 48.000,-

Result 2021 = 270.000 = 268.000 - 4.000 = - € 2.000,-

#### Slide 21 -Slide

Depreciation
Fixed assets decrease in value over the years
The costs of the fixed assets is spread over the years

Purchase value - Residual value
Depreciation per year = -------------------------------------
Service life

( Sometimes depreciation is a % of the purchase value or book value )

#### Slide 22 -Slide

Depreciation
A machine is bought 1/1/2019 for € 90.000,-. The service life is expected to be 9 years and we expect to get € 18.000,- for the old machine when we sell it 1/1/2028.

What is the book value of the machine 31/12/2020?

#### Slide 23 -Slide

A machine is bought 1/1/2019 for € 90.000,-. The service life is expected to be 9 years and we expect to get € 18.000,- for the old machine when we sell it 1/1/2028.
What is the book value of the machine 31/12/2020?
A
€ 70.000,-
B
€ 74.000,-
C
€ 80.000,-
D
€ 82.000,-

#### Slide 24 -Quiz

Assignment
Depreciation = ( 90.000 - 18.000 ) / 9 = 8.000

Book value = 90.000 - 2 x 8.000 = € 74.000,-

#### Slide 25 -Slide

Hw.
Par. 5.2 assignments 4 and 8
Par. 5.5 assignments 8 and 11