Finance Exam - Revision Board by Rachael-Rose Smith https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC Group C en-us 2017-05-24 07:36:48 UTC 2024-12-19 21:27:38 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Simplehouse.png Definition of Capital Income lewiso99 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173568907 Capital income is money that is used to set up a business. It is a long term investment.]]> 2017-05-24 08:10:23 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173568907 functions and role of money YT video yurarosax https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569127 https://www.youtube.com/watch?v=-KEdddFiBf0]]> 2017-05-24 08:12:16 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569127 Common principles of planning personal finance hattie_ws https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569199
-Avoid bankruptcy
-Control costs
-Avoid getting into debt
-Maintain a good credit rating
-Avoid legal action and/or repossession
-Remain solvent
-Generate income and savings
-Counter the effects of inflation
-Set financial targets and goals]]> 2017-05-24 08:12:51 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569199 Advantages and Disadvantages of ISA's (Individual Savings Accounts) molly_mahon https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569350 Adv. Tax is not charged, Interest rates are slightly higher than in alternative accounts. Dis Adv.  Notice is needed to make withdrawals, limit set on annual amount you can put in it. ]]> 2017-05-24 08:13:43 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569350 Purposes of accounting lewiso99 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569416 Recording transactions
Control
Measuring performance
Compliance
Management of business]]> 2017-05-24 08:14:10 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569416 Different ways to pay lewiso99 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569613 Cash
Direct Debit
Debit Card
Credit Card
Standing Order
Mobile Banking]]> 2017-05-24 08:15:43 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569613 Basic current accounts jodie_dawes1 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569634 advantage: available to people with low credit rating.
disadvantage: no overdraft facility.]]> 2017-05-24 08:15:55 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569634 Types of borrowing hattie_ws https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569699 -Overdraft
-Personal loan
-Hire purchase
-Mortgage
-Credit card
-Payday loan]]> 2017-05-24 08:16:32 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569699 Planning personal finance common principles shannon1111 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569893 -Manage money to fund purchases
-Avoid bankruptcy
-Maintain a good credit rating
-Remain solvent
-Avoid legal action and/or repossession
-Control costs
-Avoid getting into debt 
-Counter the effects of inflation
-Provide insurance against loss or illness
-Set financial targets and goals
-Generate income and savings  ]]> 2017-05-24 08:18:13 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569893 Types of insurance hattie_ws https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569902
-Health
-Car
-Home and contents
-Pet
-Travel
-Life assurance and insurance]]> 2017-05-24 08:18:18 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173569902 Advantages and Disadvantages of Deposit and Savings Accounts- molly_mahon https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570044 Adv. Interest is earned on positive balance, Accounts sometimes require deposits of a set amount forcing the saver to follow a savings plan.
 Dis Adv. Interest earned is taxed. The percentage rate of interest paid on savings is likely to be lower than interest to be paid on borrowing, therefore the benefits of savings are lost if the customer is borrowing at the same time. ]]> 2017-05-24 08:19:19 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570044 Information guidance and advice hattie_ws https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570178 -Citizens Advice
-Independent financial advisor (IFA)
-Price comparison websites
-Money advice service
-Debt counsellors
-Individual Voluntary Arrangement (IVAs) bankruptcy]]> 2017-05-24 08:20:27 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570178 Financial institutions lewiso99 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570186 Bank Of England
Credit Unions
Banks
Pawnbrokers
Pension Companies
Payday loan companies
National Savings and Investments

]]> 2017-05-24 08:20:32 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570186 Net current assets shannon1111 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570281 current assets - current liabilities ]]> 2017-05-24 08:21:09 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570281 Pre-paid card jodie_dawes1 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570307 advantage: cannot get into debt.
disadvantage: no protection if lost.]]> 2017-05-24 08:21:21 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570307 formulas samiali786123 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570359 2017-05-24 08:21:41 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570359 HM Revenue & Customs (HMRC) shannon1111 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570457 HM is an abbreviation for Her (or His) Majesty's, and the HMRC is a british government department responsible for the collection of all types of taxes.

]]> 2017-05-24 08:22:25 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570457 External sources of finance lewiso99 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570501 Loans
Mortgages
Hire Purchase
Owner's Capital
Leasing
Grants
Donations
Invoice Discounting]]> 2017-05-24 08:22:51 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570501 Financial Conduct Authority yurarosax https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570519 It is an independent organisation with a remit to regulate the actions of providers of financial services]]> 2017-05-24 08:23:02 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570519 4 different types of current accounts 1standard account ademcirpan https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570607 2 premium account
3student account
4 basic account]]> 2017-05-24 08:23:44 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570607 Advantages and Disadvantages of a pre-paid card. meganrock8 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570608 advantage - can set a budget in advance to avoid overspending.
disadvantage - no protection if lost ]]> 2017-05-24 08:23:46 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570608 Formula TheNamesBond https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570693 2017-05-24 08:24:20 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570693 Financial Services Compensation Scheme FSCS yurarosax https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570798 An organisation in the UK which will pay compensation to consumer if the financial service provider cannot]]> 2017-05-24 08:24:56 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570798 Premium Bonds Advantages and Disadvantages molly_mahon https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570817 Adv. chance of winning substantially more than could be earned in interest. Can be easily with drawn with no loss or penalty.
Dis Adv. No guaranteed return on investment. Maximum amount reviewed annually by the government.
The amount invested, assuming zero or low returns, loses value due to inflation.  ]]> 2017-05-24 08:25:02 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570817 types of financial institutions samiali786123 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570900 bank of england 
banks
building societies
credit unions
national saving and investment
insurance companies
pension companies
pawnbrokers
payday loans

]]> 2017-05-24 08:25:43 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570900 Ways to improve cash flow lewiso99 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570908 Sell and lease assets
Reduce expenses
Set targets to avoid cash flow issues
Encourage suppliers to offer extended credit
Request extension of bank overdraft]]> 2017-05-24 08:25:47 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570908 Gross profit=total revenue-cost of goods sold -Cost of goods sold= opening inventory’s + purchases – closing inventoryContribution per unit= sales price per unit- variable cost per unit -Break even point = fixed cost/contribution per unit =Gross profit margin= gross profit/ sales x100 -Mark up= gross profit/ cost of sales x 100 -Current ratio= current assets/ current -liabilitiesWorking capital = current assets – current liabilities -Average inventory= opening +closing balance/ 2 ademcirpan https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570963 2017-05-24 08:26:15 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173570963 Types of capital income hattie_ws https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571192 -Loans
-Mortgage
-Shares
-Owners capital
-Debentures]]> 2017-05-24 08:27:32 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571192 Types of revenue income hattie_ws https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571287 -Sales
-Rent received
-Commission received
-Interest received 
-Discount received]]> 2017-05-24 08:28:07 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571287 Inspirational quote TheNamesBond https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571291 Never give up!!
Believe in yourself and u will succeed]]> 2017-05-24 08:28:09 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571291 6 main types of insurance ademcirpan https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571318 1. car
2. home and contents
3. life assurance and insurance
4. travel
5. pet
6. health

]]> 2017-05-24 08:28:20 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571318 Bonds and Gilts Advantages and Disadvantages molly_mahon https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571496 Adv. Regular fixed returns and spreads risk across a range of markets.
Dis Adv. Risk of losing some or all of the value of the investment if the bond or gilt value falls. Interest payments may not be received if the issuer is unable to make payments ]]> 2017-05-24 08:29:44 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571496 Advantages and Disadvantages of overdraft. meganrock8 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571505 advantage - interest is charged only on the amount outstanding.
can be paid off without penalties.
disadvantage - when used, interest charges are often high.
not the cheapest form of borrowing.]]> 2017-05-24 08:29:46 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571505 Current Accounts fayebonner https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571915 - Standard
- Packaged Premium
- Student
- Basic]]> 2017-05-24 08:32:24 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571915 TheNamesBond https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571971 2017-05-24 08:32:47 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173571971 Advantages and Disadvantages of shares molly_mahon https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572068 Adv. Share prices fluctuate  offering a potential high reward. Returns can include dividend payments and an increase in share value.  As part owners there may be additional benefits including discounts and special offers, could be a pastime and creates Interest 
Dis Adv. Share prices fluctuate offering a potential high risk, there is no guarantee of any reward or return as all of an investment can be lost ]]> 2017-05-24 08:33:26 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572068 sources of internal finance ademcirpan https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572127 1. retained profit- money retained for the reinvestment in the business
2. net current assets- money immediately available to the business e.g. cash
3. sale of assets include vehicles, buildings, machinery and equipment]]> 2017-05-24 08:33:46 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572127 types of consumer protection samiali786123 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572215 financial conduct authority (fca)
financial ombudsmen service (fos)
financial services compensation scheme (fscs)
office of fair trading (oft)
legislation: consumer credit]]> 2017-05-24 08:34:09 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572215 Functions of money: rianna00 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572394 -unit of account
Money can be used to place value on goods and services.
-means of exchange
Money is used to sell, buy or trade goods and services.
-store of value
Money has a value. It can be stored for example in a bank.
-legal tender
Money is legal means use to pay for goods and services.]]> 2017-05-24 08:35:08 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572394 Economic Growth rachael_rose_smith https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572416 2017-05-24 08:35:18 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572416 Packaged premium account meganrock8 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572437 - offers additional features such as car and house insurance, credit card]]> 2017-05-24 08:35:27 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572437 Sources of Finance rachael_rose_smith https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572630 2017-05-24 08:36:36 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572630 Why is using a break even graph useful? jodie_dawes1 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572779 planning 
monitoring 
control 
setting targets ]]> 2017-05-24 08:37:26 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572779 rachael_rose_smith https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572827 2017-05-24 08:37:39 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572827 TheNamesBond https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572849 2017-05-24 08:37:46 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572849 break even chart samiali786123 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572964 https://www.youtube.com/watch?v=Gng3sPiJdzA]]> 2017-05-24 08:38:25 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173572964 Advantages and disadvantages of Pensions molly_mahon https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573005 Adv. Encourages individuals to save throughout their working life, depending upon the policy, an individual's savings may be boosted by an employers contributions increasing the final value of the saving, regular payments are deducted, sometimes at source, meaning the individual is tied into making the regular contributions.
Dis Adv. Movement between jobs may mean that one policy stops and another starts, thus reducing the overall cumulative value of the savings, Final outcome is difficult to predict, If compulsory payments are deducted this may affect short-term living standards]]> 2017-05-24 08:38:40 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573005 sources of finance samiali786123 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573145 https://www.youtube.com/watch?v=c8hIwQ5xFY8]]> 2017-05-24 08:39:28 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573145 Role of money rianna00 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573260 -Personal attitudes
-Life stages
-Life events
-Culture
-External influences 
-Interest rates]]> 2017-05-24 08:40:01 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573260 THIS YOUTUBE CHANNEL HAS LOADS OF VIDEOS RELATING TO THIS UNIT! rachael_rose_smith https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573363 https://www.youtube.com/channel/UC1Xu7CjsChEssDId-wj9xKA]]> 2017-05-24 08:40:38 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573363 Mobile banking meganrock8 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573532 Advantage - convenient as can be used at anytime and place and is very secure 
Disadvantage - features are limited and does not offer all of the functionality of internet banking ]]> 2017-05-24 08:41:58 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573532 Overdraft fayebonner https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573574 Advantage - Usually free to set up. You only pay interest on the money you borrow 
Disadvantage - Interest is high and you will be charged a fee to use your over draft. If you go over the limit or have an unarranged overdraft there will be penalty charges]]> 2017-05-24 08:42:18 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573574 Pay day loans shannon1111 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573846 -Help solve short term cash flow problems

-Relatively easy to secure

-Interest rates are very high and cumulative

-Amount to be repaid can quickly spiral out of control]]> 2017-05-24 08:44:09 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573846 Travel insurance jodie_dawes1 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573924 advantage: protects against cancellations 
disadvantage: additional cost when traveling abroad ]]> 2017-05-24 08:44:27 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173573924 Accounting rianna00 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574067 -Recording Transactions
-Management of business
-Compliance
-Measuring Performance 
-Control]]> 2017-05-24 08:45:09 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574067 Straight Line Depreciation lewiso99 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574079 Asset purchase price - estimated salvage value/estimated useful life of asset = annual depreciation ]]> 2017-05-24 08:45:15 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574079 Revenue Income rianna00 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574320 -Cash sales
-Credit Sales
-Rent Received
-Commission Received
-Interest Received
-Discount Received]]> 2017-05-24 08:46:45 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574320 shannon1111 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574360 2017-05-24 08:46:55 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574360 INTERNAL EXTERNAL https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574565 Internal sources of finance are funds found inside the business. For example, profits can be kept back to finance expansion. Alternatively the business can sell assets (items it owns) that are no longer really needed to free up cash.

External sources of finance are found outside the business, eg from creditors or banks.

]]> 2017-05-24 08:48:07 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574565 shannon1111 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574585 2017-05-24 08:48:16 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574585 Accruals lewiso99 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574612 These are assets that have been received from a supplier, but the invoices have either not been received or are not yet due. ]]> 2017-05-24 08:48:26 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574612 Owners Capital Advantages and Disadvantages- molly_mahon https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574664 Adv. No interest payments or need to repay, High level of commitment from the owner
Dis Adv. Amount available is likely to be limited, If more than one owner this could cause friction if everyone is not able to contribute the same amount ]]> 2017-05-24 08:48:43 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574664 shannon1111 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574918 2017-05-24 08:49:58 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574918 life stages and there financial needs samiali786123 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574942 childhood- limited needs, mainly reliant on parents, may want to buy sweets or toys

adolescence- want to be more independent, slightly less reliant on parents as want to socialise away from family

young adult- university, starting career, buying a new car or renting a flat

middle age- saving up to get married, look to improve own lifestyle
go on family holiday

old age- fewer dependent, may downsize to a smaller house]]> 2017-05-24 08:50:06 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173574942 Advantages and Disadvantages of Loans molly_mahon https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575206 Adv. Regular pre-agreed repayments make planning and budgeting relatively easy, ownership or control is not lost 
Dis Adv. Interest rates are charged on amount borrowed and can fluctuate, often secured against an asset which can be seized if repayments are missed, Interest has to be paid regardless of whether a profit is being made. ]]> 2017-05-24 08:51:29 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575206 creditor/ debtor https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575269 A creditor is an individual or business that has lent funds to a business and is owed money. A debtor is an individual or business who has borrowed funds from a business and so owes it money.

There is a cost in borrowing funds. Money borrowed from creditors is paid back over time, usually with an additional payment of interest. Interest is the cost of borrowing and the reward for lending.

A business owner's house could be used as collateral

]]> 2017-05-24 08:51:52 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575269 Liquidity ratio allows you to measure the ability of a business to be able to pay its short term debts ademcirpan https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575435 current ratio formula= current assets/ current liabilities
liquid capital ratio formula= current assets- inventory / current liabilities ]]> 2017-05-24 08:52:36 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575435 Trade Receivable days lewiso99 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575473 Trade receivables/credit sales x 365]]> 2017-05-24 08:52:48 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575473 overdraft https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575588 An overdraft facility, where a bank allows a firm to take out more money than it has in its bank account]]> 2017-05-24 08:53:25 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575588 Capital expenditure rianna00 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575740 Non current assets 
-Land
-Buildings and Premises
-Machinery and Equipment
-Vehicles 
-Fixtures and Fittings

Intangible Assets
-Goodwill
-Patents
-Trademarks
-Brand names]]> 2017-05-24 08:53:59 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575740 trade credits https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575745
  • Trade credits, where suppliers deliver goods now and are willing to wait for a number of days before payment.



    • ]]>     2017-05-24 08:54:00 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575745     Trade Payable days lewiso99 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575834 Trade payables/ credit purchases x 365]]> 2017-05-24 08:54:24 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575834 Advantages and Disadvantages of Crowd Funding- molly_mahon https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575988 Adv. Offers the ability to raise finance from a large number of investors, No interest is paid as investors will only be rewarded if the business is successfully sold on at a later date
    Dis Adv. No guarantee that the crowd fund will attract sufficient investment to meet the proposal. ]]>     2017-05-24 08:55:10 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173575988     Revision video https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173576230 https://www.youtube.com/watch?v=-OLb47idpqg]]> 2017-05-24 08:56:33 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173576230 mortgage definition https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173576346
  • A mortgage, which is a special type of loan for buying property where monthly payments are spread over a number of years.
    • ]]>     2017-05-24 08:57:05 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173576346     Hire purchases https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173576455
  • Hire purchase or leasing, where monthly payments are made for use of equipment such as a car. Leased equipment is rented and not owned by the firm. Hired equipment is owned by the firm after the final payment.
    • ]]>     2017-05-24 08:57:36 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173576455     External Finance rianna00 https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173576672 -owners capital
    -loans
    -crowd funding
    -hire purchase 
    -debt factoring 
    -mortgages
    -venture capital
    -donations
    -grants
    -leasing
    -trade credit]]>     2017-05-24 08:58:40 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173576672     efficiency ratios measure how efficiently a business manages its finances and uses its inventory. ademcirpan https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173576853 2017-05-24 08:59:44 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173576853 ademcirpan https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173577855 2017-05-24 09:05:54 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173577855 Bonds and Gilts Advantages and Disadvantages molly_mahon https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173578124 Adv. Regular fixed returns and spreads risk across a range of markets.
    Dis Adv. Risk of losing some or all of the value of the investment if the bond or gilt value falls. Interest payments may not be received if the issuer is unable to make payments ]]>     2017-05-24 09:07:30 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173578124     Bonds and Gilts Advantages and Disadvantages molly_mahon https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173578326 Adv. Regular fixed returns and spreads risk across a range of markets.
    Dis Adv. Risk of losing some or all of the value of the investment if the bond or gilt value falls. Interest payments may not be received if the issuer is unable to make payments ]]>     2017-05-24 09:08:43 UTC https://padlet.com/rachael_rose_smith/FinanceRevisionGroupC/wish/173578326