Explain two reasons why CC might need finance Reason 1: ..................................................................................................................... ....................................................................................................................................... Explanation: .................................................................................................................. ....................................................................................................................................... ....................................................................................................................................... ....................................................................................................................................... ....................................................................................................................................... ....................................................................................................................................... Reason 2: ..................................................................................................................... ....................................................................................................................................... Explanation: .................................................................................................................. ....................................................................................................................................... ....................................................................................................................................... ....................................................................................................................................... ....................................................................................................................................... .......................................................................................................................................
Exam No：0450_w24_qp_21 Year：2024 Question No：4(a)
Answer:
Knowledge points:
5.1.1.1 reasons why businesses need finance to start up, to grow and to survive
5.1.1.2 the distinction between short and long term need for finance
5.1.1.3 the difference between cash and profits
5.1.1.4 business failure as a consequence of lack of finance: bankruptcy, liquidation and administration
5.1.2.1 the meaning and importance of working capital
5.1.2.2 managing trade receivables and trade payables
5.1.2.3 the distinction between capital expenditure and revenue expenditure
Solution:
Download APP for more features
1. Tons of answers.
2. Smarter Al tools enhance your learning journey.
IOS
Download
Download
Android
Download
Download
Google Play
Download
Download