business finance

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4 Terms

1
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finance

  • money that is needed to meet the expenses of a business. This is known as capital.

2
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finance or capital is needed for

  • Starting up a business

  • Expansion

  • replacing existing non current assets

  • investing in new tech

  • working capital

3
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non current assests

are property, machinery and other assets owned by a business which will not be turned into cash within one year

4
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start up capital

finace needed by a new business to pay for essential non current assets and current assets before it can begin trading