Welcome to the course material overview for 'Financing Business' in the field of Commerce. This topic delves into the fundamental aspect of securing financial resources to support the operations and growth of a business entity. Understanding the various sources of finance and types of capital is crucial for the successful management of financial aspects in a business.
One of the primary objectives of this course material is to identify the various ways of financing a business. Businesses have access to multiple sources of finance, including personal savings, sale of shares and bonds, loans, debentures, mortgages, bank overdrafts, ploughing back of profits, credit purchases, and leasing. The diverse range of finance options allows businesses to choose the most suitable based on their needs and financial capabilities.
Furthermore, the course material will elaborate on discussing the different types of capital that are essential for business operations. These include share capital, authorized capital, issued capital, working capital, and owner's equity. Understanding the distinctions between these types of capital is paramount for effective financial management within a business organization.
As part of the learning objectives, students will learn to compute the different forms of capital, profits, and turnover. Calculating these financial metrics is vital for assessing the financial health and performance of a business. Profits, both gross and net, play a significant role in determining the success and sustainability of a business entity.
An integral aspect of this course material is to appraise the problems associated with sourcing finances for business. Businesses often face challenges in securing adequate financial resources, such as high-interest rates on loans, lack of collateral, or strict borrowing requirements. By understanding these obstacles, business managers can proactively address financial issues and seek viable solutions.
Lastly, the course material will assess the role of Bureau de change in an economy. Bureau de change entities play a crucial role in facilitating foreign exchange transactions, especially in economies with international trade activities. Understanding their functions and impact on the economy is vital for comprehending the broader financial landscape.
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Je zult een mix van vraagtypen tegenkomen, waaronder meerkeuzevragen, korte antwoordvragen en essayvragen. Elke vraag is zorgvuldig samengesteld om verschillende aspecten van je kennis en kritisch denkvermogen te beoordelen.
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Business Finance Basics
Ondertitel
Managing Finance for Small Business
Genre
BUSINESS
Uitgever
Wiley
Jaar
2020
ISBN
978-1119685336
Beschrijving
A comprehensive guide on managing finances for small businesses
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Fundamentals of Corporate Finance
Ondertitel
An Introduction to Financial Markets
Genre
ECONOMICS
Uitgever
Pearson
Jaar
2018
ISBN
978-1292235481
Beschrijving
An introductory book on financial markets and corporate finance
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Benieuwd hoe eerdere vragen over dit onderwerp eruitzien? Hier zijn een aantal vragen over Financing Business van voorgaande jaren.
Vraag 1 Verslag
(a) List Four sources of credit available to a sole trader. (b) Explain the following credit instruments: (i) acceptance credit; (ii) luncheon voucher; (iii) bill of exchange. (c) State two advantages and three disadvantages of hire purchase to the seller.