26, 27, internal and external finance
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Last updated 5:57 PM on 9/14/24
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6 Terms
1
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Name 3 sources of internal finance
-owners capital
-retained profits
-sale of assets
2
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What are the advantages of using internal finance
-capital is available immediately
-no interest payments
-no need to involve third parties
3
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Disadvantages of internal finance
-can be difficult to obtain
-limited to the amount available within the business
-interest payments
4
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Give 5 external sources of finance
-family and friends
-bank loan
-peer to peer lending
-crowd funding
-overdraft
5
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Define debenture
A long term loan to a business
6
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Define what authorised share capital means
- the maximum amount that can be legally raised from shares
Note 
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