3E Economics par. 4.1 and 4.2

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Natuurmonumenten

VARA

Wakker Dier

Improving living conditions of animals

Saving beautiful landscapes

Offering useful entertainment

Par. 3.4 assignment 6

1

2

3

4

5

Setting objectives

Planning

Organising

Managing

Checking

Assignment form of enterprise (14v)

                                                         st          gp         LC          PLC

legal entity                                                                        

private liability                                                                     

shares                                                                           

shares publically sold                                                                      

income tax                                                                            

corporation tax                                                                       

dividend tax                                                                             

separation ownership / management                                                                                  

                                                                             

Assignment form of enterprise (14v)

                                                         st          gp         LC          PLC

legal entity                                                                                           v              v                              private liability                                                    v             v                                                         

shares                                                                                                     v             v                              shares publically sold                                                                          v                   

income tax                                                             v              v                                                            corporation tax                                                                                v              v                          

dividend tax                                                                                         v              v                            

separation ownership / management                                                     v                            

                                                                             

Plumbing company Jansen en Zonen LC. Why prefer LC over General partnership?

1. Then they will have shares
2. Then they are not privately liable
3. It's cheaper
4. No income tax

Plumbing company Jansen en Zonen LC. Why prefer LC over Public limited company

1. Then they can trade shares
2. More profitable taxes
3. Then the shares will remain with relatives / acquaintances
4. Then they can go to the stock market

Par. 3.3 assignment 8
What do a sole trader and a general partnership not have in common?

1. Private liability
2. Shares
3. Continuity
4. Legal entity

Par. 3.3 assignment 11
Who is liable to creditors?

1. Ineke 0% Johan 100%
2. Ineke 40% Johan 60%
3. Ineke 100% Johan 100%

Name 3 assets you need to posess to start of a company

Investment budget

Building                                   € 240.000,-

Inventory                                   € 30.000,-

Company car                            € 15.000,-

Goods in stock                          € 20.000,-

Bank                                                € 18.000,-

Cash                                                   € 1.500,-

Total                                              € 324.500,-

Name 3 ways for the company to afford these assets

Financing plan

Equity                                                  € 80.000,-

Mortgage loan                               € 200.000,-

Bank loan                                                               ?

Creditors                                             € 25.000,-

Building € 240.000,-

Inventory € 30.000,-

Company car € 15.000,-

Goods is stock € 20.000,-

Bank € 18.000,-

Cash € 1.500,-

Total € 324.500,-

Equity € 80.000,- 

 Mortgage loan € 200.000,- 

Bank loan ?

Creditors € 25.000,-

Building € 240.000,-

Inventory € 30.000,-

Company car € 15.000,-

Goods in stock € 20.000,-

Bank € 18.000,-

Cash € 1.500,-

Total € 324.500,-

Equity € 80.000,- 

 Mortgage loan € 200.000,- 

Bank loan € 19.500,-

Creditors € 25.000,-

Total € 324.500,-

The left side of the balance sheet shows the ...

1. Investment plan
2. Profit & Loss plan
3. Financing plan
4. Liquidity plan

The right side of the balance sheet shows the ...

1. Investment plan
2. Profit & Loss plan
3. Financing plan
4. Liquidity plan

0

Balance sheet

A balance is an overview of assets, debts and equity of a company at a specific moment. The assets are at the left side 

( debitside )  of the balance sheet. The equity and debts 

( liabilities, creditside) are at the right side of the balance sheet. The liabilities at the credit side show how the assets are financed. With equity or debt capital.

Liquid assets

Equity

Short term debts

Long term debts

Fixed assets

Current assets

Liquid assets

Fixed assets

Current assets

Equity

Short term debts

Long term debts

Building

Company grounds

Rabobank account

Cash

Debtors

Company shares

Loan (5 year)

Mortgage loan

Creditors

Loan (<1 year)

Hw.

For next lesson:

Par. 4.1 assignments 4, 8 and 11

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