Team 1
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Team 2
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Teams
Name
Score
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15
×
What are retained earnings?
Profits reinvested back into the business.
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Okay!
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15
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How long are medium-term sources repaid within?
1-5 years
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15
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How long are short-term sources of finance repaid within?
Within one year.
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15
×
What is a grant?
Money given by the government that does not need to be repaid.
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trap
No points!
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star
Double points!
Okay!
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rocket
Go to first place!
Okay!
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baam
Lose 15 points!
Oops!
15
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Give ONE example of a short-term source of finance.
Bank overdraft / trade creditors / accruals.
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15
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What is leasing?
Renting an asset instead of buying it.
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15
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What are accruals (expenses due)?
Expenses that do not need to be paid immediately.
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thief
Give points!
5
10
15
20
25
×
gold
Win 50 points!
Okay!
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gift
Win 5 points!
Okay!
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lifesaver
Give 5 points!
Oops!
15
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What is capital expenditure?
One-off or long-term spending
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15
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What principle states finance should match the time period of the need?
The matching principle.
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15
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How long are long-term sources repaid over?
5+ years
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15
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What is hire purchase?
Paying for an asset in instalments while using it immediately.
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15
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What is trade credit?
Buying goods now and paying later.
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15
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Give ONE example of capital expenditure.
Buying land / machinery / a building / delivery van.
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baam
Lose 5 points!
Oops!
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seesaw
Swap points!
Okay!
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fairy
Take points!
5
10
15
20
25
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lifesaver
Give 25 points!
Oops!
×
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