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Question 1

What are sources of induvial advise

Answer 1

Comparison websites, Iva’s IFA

Question 2

features of premium bonds

Answer 2

Risk averse
Prize draw
Run by government

Question 3

Types of savings account

Answer 3

Deposit Isa’s

Question 4

features of payday loans

Answer 4

High interest rate
No credit score requirement

Question 5

Benefits of paying bills by direct debit

Answer 5

Never miss a payment so it allows you to maintain and even increase your credit score

Secure and less likely for fraud to occur so you dont have to worry about unexpected costs

Question 6

Calc for net cash flow

Answer 6

Total inflows-Total outflows

Question 7

Calc for liquid capital ratio

Answer 7

Current assets (excluding inventory) Divided by current liabilities

Question 8

Trade payables days calc

Answer 8

Trade payables divided by credit purchases x 365

Question 9

Contribution per unit calc

Answer 9

Selling price per unit- variable costs per unit

Question 10

gross profit margin calc

Answer 10

Gross profit/sales divided by revenue x100

Question 11

Gross profit calculation

Answer 11

Revenue-cost of sales

Question 12

External sources of finance

Answer 12

Loan venture capital

Question 13

Features of depreciation

Answer 13

Reduces a value of its asset over its useful use

Question 14

Cash inflows

Answer 14

Cash sales Credit sales

Question 15

Explain a way which a business could increase its return on capital employment

Answer 15

Decrease the cost of good so more profit is returned from the sale

Question 16

Advantage of leasing as a source of finance

Answer 16

Spreads the costs over a period of time so you dont need to pay alot of money upfront