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Business Finance

AS level business finance

QuestionAnswer
What is start-up capital? The capital needed by an entrepreneur to set up a business.
What is working capital? The capital needed for raw materials, day-to-day running costs and credit offered to customers. --> Working Capital = Current Assets - Current Liabilities.
Why do businesses need finance to start up and to grow? 1) To start a business 2) To finance expansion to production capacity - As a business grows, it needs higher capacity to cut unit costs and keep up with competitors. E,g new technology.
Why businesses need finance to start up and to grow? 3) To develop and market new products 4) To enter new markets 5) Take-over or acquisition 6) Moving to new premises 7) To pay for the day-to-day running of the business
Why different needs for finance might mean different sources are appropriate? 1) Amount of money required 2) How quickly the money is needed 3) How costly that source of finance is 4) The amount of risk involved in the reason for the cash 5)The length of time of the requirement for finance
The significance of working capital? 1)It indicates the liquidity position of the firm. i.e the ability of the firm to meet its short-term obligations 2) It helps creditors and other potential investors to judge the financial health of the firm. 3) It indicates the extent of long-term sour
What is Revenue expenditure? Spending on all costs and assets other than fixed assets and includes wages and salaries and material bought for stock.
What is Capital expenditure? The purchase of assets that are expected to last for more than one year such as building and machinery.
Created by: purpose_n
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