Topic 6 - Finance Flashcards
1
Q
Capital expenditure
A
Spending on business resources that can be used repeatedly over a period of time
2
Q
Internal finance
A
Money generated by a business or its current owners
3
Q
Retained profit
A
Profit after tax that is ‘ploughed back’ into the business
4
Q
Revenue expenditure
A
Spending on business resources that have been consumed or will be very shortly
5
Q
Sale and leaseback
A
The practice of selling assets, such as property or machinery, and leasing them back from the buyer
6
Q
Capital
A
The money provided by the owners in a business
