3.1 Introduction to finance
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4 Terms
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Capital Expenditure
Finance spent on fixed assets that have a long term monetary value in a firm
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Reasons for capital expenditure (4)
Add extra production capacity
Improve efficiency
replace worn our, damaged or obsolete capital equipment
comply with changing regulations
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Revenue Expenditure
Refers to the finance spent on daily operations of a business
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Examples of capital expenditure and revenue expenditure
CE: Land; machinery
RE: Wages, insurance, advertising spending, etc
Note 
Flashcards (88)