Read the summary and the most important questions on Praktische economie economie voor havo & vwo onderbouw | 9789034596024 | Peter Adriaansen

• 5 The costs of a company

• 5.1.2 From turnover to net profit

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• How do you calculate the turnover of a company

  Salesprice (exculding VAT) multiplied by the sales

• How do you calculate the gross profit of a company

  The turnover minus the purchase value (exculding VAT)

• How do you calculate the net profit of a company

  By substracting the operating costs from the gross profit (exluding VAT)

• 5.1.3 VAT

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• Where does the company need to pay the VAT to

  The Tax and Customs Aministration

• What are the 3 VAT percentages in the Netherlands

  1. The general rate of 21%
     
  2. A low rate of 6% for essential products e.g. Food
  3. A zero rate for export products

• 5.1.4 Fixed and variable costs

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• What is the diffrence between fixed and variable cost for a company

  Fixed costs are always the same and variable costs chage depending on the amount of sales

• When do you call it a brake-even turnover as a company

  When the turnover is just sufficient to pay all the costs (fixed+variable)

• When is there a brake-even sales (say it in 2 ways)

  1. The total revenue is equal to the total costs
     
  2. the difference between the sales price and the variable costs is enough to pay the fixed costs

• What is the diffrence between break-even sales and break-even turnover

  the break-even turnover is about amounts of money and the
  break-even sales is about the amount of sales

• 5.1.5 The costs per product

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• How do you calculate the cost per product unit of a company

  Divide the total operating costs by the number of products produced