Finalization chapter 4 + 5

• Bedrijfseconomie
• Middelbare school
• havo
• Leerjaar 3

Finalization chapter 4 +5

Program

1. How to prepare for the exam

2. Summary of information + questions 

3. prepare for the exam

How to prepare for the exam

Exam about chapter 4 + 5 on the 10th of December

Read the book (make a summary of the information)

Study the powerpoint presentation (summary of chapter 4 +5 )

Redo assignments (correct answers in studyguide)

How do I calculate the turnover

1. selling price x products solds
2. Purchase value x products sold
3. purchase value x products in stock

Turnover =  monetary amount which the seller receives from the buyers

What is the purchase value of the turnover?

Purchase value of the turnover

Represents what has been paid for the total of products which have been sold

my turnover is EUR 25.000. The purchase value of the turnover is EUR 10.000. The operating costs are EUR 2.000. What is my gross profit?

1. EUR 23.000
2. EUR 10.000
3. EUR 15.000
4. EUR 13.000

my turnover is EUR 25.000. The purchase value of the turnover is EUR 10.000. The operating costs are EUR 2.000. What is my net profit?

1. EUR 23.000
2. EUR 10.000
3. EUR 15.000
4. EUR 13.000

What do the letters of the SWOT analysis stand for?

SUMMARY CHAPTER 5

what is shown on the balance sheet?

The balance sheet

Balance sheet = shows how an enterprise has obtained its money and what the enterprise has done with that money

  

The right side is named the credit side --> it shows how the money was obtained (also named the financing)

The left hand side is named the debit side --> shows what has been done with the money (what they have bought with the money)

are the left and ride side of the balance sheet always equal?

1. yes
2. No
3. it depends
4. is it raining outside?

What different kinds of assets can be shown on a balance sheet

1. Liquid assets
2. Fixed assets
3. Current assets
4. All of the before

2 january: with the money in the bank they buy new stock for €200

1. bank -200 and stock -200
2. bank +200 and stock +200
3. bank -200 and stock +200
4. bank - 200

2 january: with the money in the bank they buy new stock for €200

1. bank -200 and stock -200
2. bank +200 and stock +200
3. bank -200 and stock +200
4. bank - 200

10 january - a company buys €5.000 worth of shirts and jeans. The stock is bough via internet banking

1. stock +5000 and bank -5000
2. stock - 5000 and bank -5000
3. stock +5000 and bank +5000
4. none

a company pays €5.000 for the rent of a building. The money is paid via internet banking

1. bank + 5000, owners equity -5000
2. bank + 5000, owners equity +5000
3. bank - 5000, owners equity +5000
4. bank - 5000, owners equity -5000

Debtors

Companies sell all sorts of products. In some cases the people that buy the products ask for an invoice, and pay for the products later

 

These customers pay against invoice

Customers who still need to pay money are called debtors

VAT

What is VAT?

VAT = a tax which consumers have to pay on products that they buy

Different rates are applicable

A company sold 200 products for EUR 2 (incl 21% VAT). What is the turnover?

1. EUR 200
2. EUR 400
3. EUR 442
4. EUR 450

A company sold 200 products for EUR 2 (incl 21% VAT). How much VAT do they need to pay to the tax authorities?

1. EUR 42
2. EUR 84
3. EUR 69,42
4. EUR 400

I feel that I know what to do to prepare the exam

1. Yes
2. No
3. Almost