May 2022

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Mr May is a sole trader and owns WoodyTrain, a toy store specialising in handcrafted wooden train toys. Mr May wants to raise Ā£20,000 by getting a new partner.Ā Ā  InstructionsĀ  You are required answer the following points and produce a report of your findings:Ā  • Analyse the types of business budgets that Mr May have prepared for this businessĀ  organisation. Recommend how these budgets would allow a new partner to make anĀ  informed decision about investment.Ā  Explain the different methods Mr May could use to calculate the unit cost of theĀ  handcrafted wooden train toys.Ā Ā  Compare the format of the financial statements that Mr May will currently prepare forĀ  his sole trader business with those prepared for a partnership and limite

INTRODUCTION TO FINANCEĀ  Unit TitleĀ  Introduction to FinanceĀ  Unit Reference NumberĀ  M/616/2722 Unit LevelĀ  Level 4 Assessor Date issued Hand

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