What is Capital Expenditure?

• Finance spent on fixed assets.

• Finance spent on current assets

What is Revenue Expenditure?

• Finance spent on fixed assets.

• Finance spent on current assets

What are examples of internal sources of finance?

• Retained profit

• Share Capital

• Overdrafts

• Trade Credit

What is an example of an external source of finance?

• Personal Funds

• Retained Profit

• Sale of Assets

• Business angels

Items of expenditure to start a business

• Set-up costs

• Running costs

Items of expenditure to keep a business running

• Set-up costs

• Running costs

Costs staying the same at different levels of output

• Fixed Cost

• Variable Cost

• Direct Cost

• Indirect Cost

Costs changing with the different levels of output

• Fixed Cost

• Variable Cost

• Direct Cost

• Indirect Cost

What costs are related to an individual project or the output of a particular product?

• Fixed Cost

• Variable Cost

• Direct Cost

• Indirect Cost

What costs can't be clearly traced to the production or sale of any single product?

• Fixed Cost

• Variable Cost

• Direct Cost

• Indirect Cost