You Are the Owner of a Small Business Which Has

question 59

Multiple Choice

You are the owner of a small business which has the following statement of financial position: Fixed and current assets are fully utilised, and the sales/assets and sales/spontaneous liabilities ratios will remain constant.Next year you expect sales to increase by 50 percent.You also expect to retain R2,000 of next year's earnings within the firm.What is next year's additional external funding requirement, i.e., what is your firm's AFN?

• A) No additional funds are required.
• B) R3,500
• C) R4,500
• D) R5,500
• E) The answer depends on this year's sales level.

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Easygoing

Describes someone or something that is relaxed, calm, and not easily upset or disturbed.

Written Copy

Text that has been transcribed or printed from one medium to another, often referring to a replicated document or manuscript.

Active Listening Skills

A technique of listening that involves paying full attention, understanding, responding, and remembering what is being said.

Nonverbal Skills

Abilities related to understanding and expressing oneself without the use of spoken language, including gestures, facial expressions, and body language.