3E Economics par. 4.1 and 4.3 2

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Card 1: Turnover € 200.000,-, Net profit € 40.000,-
Card 2: Turnover € 800.000,-, Net profit € 80.000,-
Give the best argument for card 2 to win

1. 800.000 > 200.000
2. 80.000 > 40.000
3. 160.000 < 720.000
4. 20% > 10%

Card 1: Turnover € 200.000,-, Net profit € 40.000,-
Card 2: Turnover € 800.000,-, Net profit € 80.000,-
Give the best argument for card 1 to win

1. 800.000 > 200.000
2. 80.000 > 40.000
3. 720.000 > 160.000
4. 20% > 10%

Par. 4.2 assignment 5
Which item does not belong to the inventory

1. Kitchen appliances
2. PIN machine
3. Meat
4. Fridge

Par. 4.2 assignment 9
Buyers to pay belongs on the ... (1) hand side and are called ... (2)

1. 1> left 2> debtors
2. 1> left 2> creditors
3. 1> right 2> debtors
4. 1> right 2> creditors

Profit & Loss Account

Gross profit = Turnover - Cost of Sales

                              = Turnover - Purchase price

Net profit = Gross profit - Operating costs

Operating costs f.e.:

- Labour costs

- Interest costs

- Energy costs

- Rent

- Depreciation costs

Interesting calculations:

Net profit / Turnover x 100%

Net profit / Equity x 100%

Hw.

For next lesson:

Par. 4.3 assignments 3 and 4 

Assignments from the paragraphs:

Par. 3.3 assignments 1, 3, 4, 5, 6, 7, 9, 12

Par. 4.1 assignments 1, 2, 6, 7, 9, 10, 12

Par. 4.2 assignments 1, 2, 3, 4

Par. 4.3 assignments 1, 2, 5, 6, 7, 8, 9, 10

Par. 4.3 Assignment 3

1. C Loss D 76.000
2. C Loss D 679.000
3. C Profit D 76.000
4. C Profit D 679.000

Par. 4.3 Assignment 4

1. Total Revenue 779.440 Loss 763.110
2. Tot. Revenue 1.542.550 Loss 763.110
3. Total Revenue 779.440 Profit 763.110
4. Tot. Revenue 1.542.550 Profit 763.110

Hw.

For now:

small Formative Test Ch 3 and 4

Question on next sheet

For his new company Rob found a building which costs € 220.000,-. He can take a mortgage loan of € 140.000,-. Inventory will cost € 35.000,-. He can bring into the company € 75.000,- himself. He wants to start with goods in stock worth € 15.000,-. His suppliers want him to pay the bill within 2 months from now. He needs € 10.000,- liquid assets to start of.  The bank is willing to lend Rob the rest of the money he requires. How much money does Rob need to borrow from the bank?

( Calculate your answer and then go to the next sheet to fill in your answer )

How much money does Rob need to borrow from the bank?

Why does a bank often require to see a business plan before they decide to give a loan to an entrepeneur?

A company sells 20.000 products for € 4,95. They purchased the product for € 2,50.
How many percent is the purchase price lower than the selling price?

1. 49%
2. 98%

Cost of sales € 34.500,-. Revenue € 59.000,-. Wages € 10.000,-. Other costs € 8.000,-.
How big is the gross profit?

1. € 6.500,-
2. € 16.500,-
3. € 24.500,-

Which form of enterprise has shares that can be sold at the stock market?

1. Sole Trader
2. General Partnership
3. Limited Company
4. Public Limited Company

The company of Jeroen en Harry, a General Partnership, unfortunately went bankrupt with a debt of € 18.000,-. For how much money is Harry liable to creditors?

1. € 0,-
2. € 9.000,-
3. € 18.000,-

Debtors are part of ....

1. Fixed Assets
2. Current Assets
3. Liquid Assets
4. Short Term Debts

The cars in the showroom of a car dealer are part of ....

1. Fixed Assets
2. Current Assets
3. Liquid Assets
4. Short Term Debts

Hw.

Practise assignments:

Par. 3.3 assignments 1, 3, 4, 5, 6, 7, 9, 12

Par. 4.1 assignments 1, 2, 6, 7, 9, 10, 11, 12 and 14

Par. 4.2 assignments 1, 2, 4 and 10

Par. 4.3 assignments 1, 2, 6, 7, 8, 9 and 10

Practising for the Test Chapter 3 ( assignment 6, 7, 8 ) and Chapter 4