sources of business finance Flashcards
1
Q
retained money
A
-money kept in the business to fund future expenditure
-profit=sales revenue-total costs
2
Q
net current assets
A
-shows the money available in the business to fund day-to-day expenditure
-current assets-current liabilities
3
Q
sale of assets
A
selling an item of value in order to achieve a cash injection.
4
Q
owners capital
A
money invested in the business from the owner’s personal savings
5
Q
venture capital
A
investment from an experienced entrepreneur in return for a stake in the business
6
Q
grants
A
a lump sum provided to a business by the government or another organisation to be used for a specific purpose