business chapter 14 : introduction to finance
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Finance chapter 1
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4 Terms
1
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capital expenditure
refers to investment spending on fixed assets such as purchase of machinery equipment land etc
2
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collateral
financial guarantee for securing external loan capital to finance investment expenditure for business growth
3
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fixed asset
are items of monetary value that have a long term function for business so can be repeatedly for the purpose of production
4
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revenue expenditure
refers to spending day to day running of a business such as payment rent wages salaries and utility bills
Note 
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