Business questions i always forget
Cash ISA
Savings account where interest is paid tax free
Stock and Share ISA
funds invested in shares and bonds, profits earned are tax free.
Disadvantages of credit cards
Charges interest
Risk of overspending
Hacked
Disadvantages of charge cards
- Hard to get
- Must be paid back in full
Advantages of Personal loans
- Plan expenditure with monthly installments
Disadvantages of personal loans
- Arrangement fees
- Asset could get seized
What is a ISA?
Allows you to save without paying tax on profits you earn but limited on amount.
What are GILTS?
Government bonds in commonwealth countries.
What is a bond?
Loan from investor to borrower such as a company or government
What is managment of business?
Planning, monitering current performance and making changes to improve the business.
Advantages of measuring performance
-Improves business
- See where business is strong/weak
Advantages of loans
- No loss of ownership
- Easy to budget
Advantages of Trade Credit
- No loss of ownership
- No interest
- Helps cashflow
Advantages of Net Current assets
- Quick way of raising money
- Helps manage cash flow