Rawal
0450-22-O-N-13-1c
myrah
TOPIC QUESTION - PAPER 1
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myrah
November 23, 2025 at 12:48:39 AM
Oct/Nov 2022
Version 3
5.0 Financial Information and Decisions
5.1 Business Finance: Needs and Sources
YOUR ANSWER
Source 1: NFF could consider using the owners' profits, which offers quick access to finance and doesn't involve any repayment or interest payments, which is suitable since they have high debts. However, this finance may not be enough to pay off all debts and aid growth
Source 2: They could also consider selling off surplus assets such as fishing equipment, which also doesn't involve any repayment and makes better use of working capital. Although it may take time to find a buyer and raise finance and the amount of money raised is never certain until the sale is completed
Grade:
3/4
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