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Financial resources - the Management Accountant of a Magherafelt based, bread manufacture private limited company, instructed a group of HND business students to investigate the sources of finance available to the business for installing a new production
The first 200 words of this essay...
From William Henry
To Management Accountant
REF BMcE/ WH
Date 23rd September
1.0 Terms of Reference
On the September 1st 2008 the Management Accountant of a Magherafelt based, bread manufacture private limited company, instructed a group of HND business students to investigate the sources of finance available to the business for installing a new production line in September 2009 at a cost of £500,000.
The purpose of the machine is to increase production of bread for the Northern Ireland market.
As Genesis look gather the finance they need to install a new production line, known as fixed assets, where the amount to be borrowed is large (£500,000) and the repayments are to be spread over a realistically long period of time(asset finance).
I have discovered that there are two main categories when dealing with this and they fall into categories called internal and external sources of finance.
Finance is the life blood of a business. The main starting and expanding element in any business which may be on industrial or commercial undertaking is the finance. Business finance is mainly developed around three major
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