Intro to Finance

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Across
  1. 3. (stock) Goods and materials a business holds for production or sale, e.g., raw materials, component parts, and finished products.
  2. 5. costs The day-to-day expenses that keep the business running (revenue expenditure), e.g., wages, utility bills, and buying raw materials.
  3. 6. finance Money borrowed or raised for more than one year, usually for large purchases like machinery, equipment, vehicles, or buildings (capital expenditure).
  4. 7. department The part (or division) of a business that manages money, budgeting, and making sure funds are used effectively and for the right purposes.
  5. 8. of finance Refers to the different ways a business can get money, either from within (internal) or from outside (external) the organization.
  6. 11. sources of finance Funds obtained from outside the business, e.g., share capital and loan capital (used to finance capital expenditure) or overdrafts and trade credit (used to finance revenue expenditure).
  7. 13. and salaries Revenue expenditure that involves the payments made to employees for their work, usually based on an hourly rate (wages) or a fixed amount per month (salaries).
  8. 14. Basic services needed by a business for its operations, such as electricity, gas, water, and phone/internet services.
  9. 15. Refers to the financial guarantee for securing external loan capital to finance investment expenditure for business growth.
Down
  1. 1. finance Money borrowed for less than one year, often used for day-to-day running costs (revenue expenditure).
  2. 2. of finance This refers to the purpose of finance, i.e., the reason for needing finance. These roles can be classified as either revenue expenditure or capital expenditure.
  3. 4. Refers to the various available money that an organization has to fund its business activities.
  4. 9. expenditure Refers to business spending on its everyday and regular operations.
  5. 10. sources of finance Funds generated from within the business, e.g., retained profits and personal savings, which can be used for both revenue and capital expenditure.
  6. 12. expenditure Refers to business spending on fixed assets or capital equipment of a business.