(a)[2]
Define what is meant by ‘retained earnings’.
(b)[3]
Briefly explain how short-term and long-term sources of business finance differ.
Business 9609 · AS & A Level · Sources of finance
Sources of finance — practice question
Worked solution & mark scheme
This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Profits earned by a business that are not paid out to shareholders” …
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