Business, 20.10.2020 14:01 warrior4516
Scott wants to set up an online surf shop. He has estimated he will need £35000 to design the website, advertise and buy stock. He has £10000 in savings. His parents have offered to match this; the remainder will come from a bank loan?
How much will Scott need to borrow from the bank? 2 marks
What % of total capital will come from Scott’s personal savings? 2 marks
Scott has a car worth £10000. He will hold £8000 of stock. With reference to Scott explain the term unlimited liability. 4 marks
Jack and James each invest £50000 into JJP partnerships. Paulo invests £40000. At the end of the year there is £79996 in profit to be shared between the partners. How much does each partner receive? 4 marks
Jack James Paulo
Miguel and Hollie each own 35% of the shares in Teleprint Ltd. The remaining shares are split between 3 other shareholders. There were £200020 of shares issued.
What percentage of the shares does each of the additional shareholders own? 2 marks
How much did Hollie invest in shares? 2 marks
If Miguel bought out two of the smaller shareholders would he control all decisions? Justify your answer. 4 marks
Answers: 3
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Scott wants to set up an online surf shop. He has estimated he will need £35000 to design the websit...
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