Summary
Summary AS Level Business Notes
- Institution
- CIE
Detailed AS Level business note with mindmaps and well explained concepts
[Show more]
Seller
Follow
Content preview
Business Financeshort term and long term for finance
·
Short term finance
·
long-term finance
Cash profit
I
Administration, bankruptcy and liquidation
Fail due to lack of finance:Administration
Appointedto keep the business operational and
find a
buyer. If this
proves impossible:Bankruptcy
legal process begins:liquidation ofthe assets
Managing working capital
Current assets:Cash,
inventory, trade recievable
Fashl
--
All
product Materials
Ion credit]
60days Ion credit]
30
T/R 50 days
90
A T/P
↳ Nation
-> Receiving quicker
-> Paying later
=>
4WC
Managing working capital -
Inventory can be managed by:
keeping smaller inventory levels
·
·
Use JIT
Trade payables (Pay later)
Delaying payments to supplier to increase
·
the credit period
Only buying goods/parts from suppliers
·
who will offer credit
Trade receivables (Receive payment quicker (
·
Only selling products for cash andnot on credit
·
Reducing the creditperiodoffered to customers
Capital expenditure us Revenue expenditure
Revenue
Capital expenditure Expenditure
·
Purchase of assets ·
Payment ofexpenses
·
Hem lasts for more
·
Hem lasts for less than a
year
than a
year
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller minhhuikwok. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.29. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
84866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now