Summary: Praktische Economie 3 Vwo/tto | 123weetikniet | Peter Adriaansen, et al
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Read the summary and the most important questions on praktische economie 3 vwo/tto | 123weetikniet | Peter Adriaansen, Aad Zuiderwijk
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4 Balancing the books
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4.1 Setting up a business
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What can you use an investment budget for?
To estimate how much money you will need to start your own business. -
What are goods in stock?
The quantity of products currently held by the bussiness. -
What is the cost of sales?
The amount ofmoney the entrepreneur originally paid to buy the products. -
What do the operating costs consist of?
The depreciation charges, bank, gas bill, etc. -
Mention the 2 formulas about profit.
Turnover - cost of sales =gross profit Gross profit -operating costs =net profit -
4.2 Assets and debts
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What are fixed assets?
Theassets that last for more than oneproduction process or one year. -
What are liquid assets?
Cash and bank balance -
4.5 From balance sheet to balance sheet
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Balance sheet change
Amendment to the balance sheet (as a result of a financial transaction) -
6 More information about the market
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6.1 Crossing borders
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What are advantages of exporting products and services?
-Employment and income in the Netherlands
- When products and services areexported tonon-euro countries, the export provides foreign currency. -
What is the European Union (EU)
The politico-economic union of 28 European countries, which provides for free trade within the bloc.
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