Overdrafts for daily ex - Study guides, Class notes & Summaries
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Edexcel Business A Level Paper 2 (Theme 2 & 3) ALL SOLUTION LATEST EDITION 100% CORRECT SPRING FALL-2023/24 EDITION GUARANTEED GRADE A+
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Retained profits 
profits that the owners have reinvested into the business after paying costs and taxes 
Owners' funds 
money put in by the owners themselves 
Sale of assets 
a one-off way to raise money, generally used during financial struggles 
Benefits of owners funds 
Avoids interest on loans 
Owners keep complete control 
Disadvantages of owners funds 
If it fails after remortgaging, they could lose their house 
Limit to amount raised 
Short term finance examples 
overdrafts for daily ex...
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FiCEP Exam| 100 Questions| Correct 100% Which cycle describes members who are just surviving and living paycheck to paycheck? a. Earn / spend / earn / spend b. Earn / spend / borrow / spend c. Earn / spend / save d. Earn / borrow / spend / save - ANSWE
- Exam (elaborations) • 18 pages • 2024
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FiCEP Exam| 100 Questions| Correct 100% 
 
 
Which cycle describes members who are just surviving and living paycheck to paycheck? 
a. Earn / spend / earn / spend 
b. Earn / spend / borrow / spend 
c. Earn / spend / save 
d. Earn / borrow / spend / save - ANSWER a. Earn / spend / earn / spend 
Webinar 1 
 
Financial counselors who don't use what they know about hemispheric thinking, may fall into the trap of: 
a. Assuming the member will succeed if they work with the counsellor 
b. Asking too ...
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