A-Level商务例题解析及练习Sources of finance

最新推荐文章于 2025-12-05 17:59:21 发布

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本文探讨了企业使用内部资金来源进行扩张的好处与局限性。包括内部融资的方式如留存收益、出售不需要的资产等，并详细讨论了其直接成本、风险分散等优点及可能的资金限制和项目审查不足等缺点。

今日知识点：Sources of finance

例题

Q: Discuss the benefits and drawbacks to a business of using only internal sources of finance to fund expansion. 

解析

Answers could include:

Outline of types of internal funding sources, such as building up reserves through retained earnings, sale of unwanted assets.    

Benefits such as:

No direct cost to the business
Readily available
Does not increase debt
No loss of control – no share sale
Risk of high gearing reduced
Start projects quickly – no approval process externally

Drawbacks such as:

Using money from capital reserves or operating budgets leaves a business with less money to manage short-term expenses 
There may well be a limit to the kinds of expansion that can be funded internally (depends on amount of reserves available)
Likely to fund only smaller projects where investment is modest, payback is quick and estimated returns significant.
The viability of an investment project may be given less robust scrutiny when internal financing is used.
There may be tax benefits of external funding that internal funding does not have (tax deductible interest/depreciation)

下面我们为大家准备了一道同类型的题目，请大家一起来试试解答。

Your turnA private limited company wants to build a new factory. Discuss the factors that the company should consider when choosing sources of finance.  (20)

.正确答案在linstitute10