We still need the theory we learned in the previous sections.
Just a couple questions to see if we remember it...
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Slide 1: Tekstslide
EconomieMiddelbare schoolhavoLeerjaar 3
In deze les zitten 21 slides, met interactieve quizzen en tekstslides.
Lesduur is: 60 min
Onderdelen in deze les
Quick review
We still need the theory we learned in the previous sections.
Just a couple questions to see if we remember it...
Slide 1 - Tekstslide
Emily bought 70 shirts to sell in her new clothing shop.
A
Costs of goods sold
B
Operating costs
Slide 2 - Quizvraag
Justin paid the bill from the landlord, the rent of his shop was € 1200 this month
A
Costs of goods sold
B
Operating costs
Slide 3 - Quizvraag
Fire insurance premiums are...
A
Fixed costs
B
Variable costs
Slide 4 - Quizvraag
Packaging material costs are...
A
Fixed costs
B
Variable costs
Slide 5 - Quizvraag
A company's total costs is € 250,000 when they sell 10,000 products. Variable costs are € 7.50 apiece. Calculate the fixed costs of this company.
Slide 6 - Open vraag
Robert gives the bank the assignment to transfer money to all employees on the 25th of each month
A
Housing costs
B
Selling/distribution costs
C
Costs of labour
Slide 7 - Quizvraag
Nellie pays the landlord €500 to fix a broken panel in her shop
A
Housing costs
B
Selling/distribution costs
C
Costs of labour
Slide 8 - Quizvraag
John wants an advertisment in the newspaper, it will cost him €75.
A
Housing costs
B
Selling/distribution costs
C
Costs of labour
Slide 9 - Quizvraag
John secured a loan of €300,000 for his enterprise. He has to pay 4.5% interest a year on the outstanding loan. He has to redeem the loan in 30 equal instalments. Calculate the amount of interest John has to pay in the first year.
Slide 10 - Open vraag
A machine with a total purchase value of €200,000 has a salvage value, after six years, of €20,000. Calculate the yearly depreciation.
Slide 11 - Open vraag
Discuss homework (5.3)
Q. 31, 32, 35, 37, 40 and 41
Slide 12 - Tekstslide
Question
Slide 13 - Tekstslide
Chapter 5
5.4 Will you earn an income?
Slide 14 - Tekstslide
Income statement
Profit is an entrepreneur's income
An income statement is a statement of all revenue and costs over a certain period of time
Slide 15 - Tekstslide
Slide 16 - Tekstslide
Profit
Gross profit is the difference between turnover and the costs of goods sold
Net profit is the profit that is left after substracting all other costs
Gross profit = turnover - purchase value of items sold
Net profit = gross profit - operating expenses - all other costs
Slide 17 - Tekstslide
Slide 18 - Tekstslide
Break-even
Break-even point: the turnaround point where an entrepreneur goes from no profit to profit
Break-even sales: the amount of products an entrepreneur needs to sell in order to cover all the costs