State how the business will find out that the goods purchased are not sold.

Here are the answers to your questions: QUESTION 8 Name at least two reasons that a business would use to ensure their financial institutions. A. To secure loans or credit facilities from banks. B. To attract investors by demonstrating financial stability and good management. QUESTION 9 When a business continues to make a loss over a certain period of time, what are two (2) possible steps to take to improve their finance? A. Reduce operating costs by cutting unnecessary expenses or finding more efficient processes. B. Increase sales revenue through marketing, improving product quality, or adjusting pricing strategies. QUESTION 10 State how the business will find out that the goods purchased are not sold. The business will find out that goods purchased are not sold by conducting a physical stocktake (counting inventory) and comparing it with sales records or inventory management system data. Study the Balance Sheet to answer Question 11 and 12. Balance Sheet as at ______ | Asset | | Liabilities | | |---|---|---|---| | Cash | K3500 | PNG Motors | K3100 | | Stock | K5600 | BSP loan | K1000 | | | | Proprietorship | | | | | Capital | K____ | QUESTION 11 How much is the owner's contribution for the business? Step 1: Calculate total assets. Total Assets = Cash + Stock Total Assets = K3500 + K5600 = K9100 Step 2: Calculate total liabilities. Total Liabilities = PNG Motors + BSP loan Total Liabilities = K3100 + K1000 = K4100 Step 3: Calculate Capital (Owner's Contribution) using the accounting equation: Assets = Liabilities + Capital. Capital = Total Assets - Total Liabilities Capital = K9100 - K4100 = K5000 The owner's contribution for the business is K5000. QUESTION 12 What is the total asset of the business? Step 1: Identify all assets from the balance sheet. Assets are Cash and Stock. Step 2: Sum the values of the assets. Total Assets = Cash + Stock Total Assets = K3500 + K5600 = K9100 The total asset of the business is K9100. QUESTION 13 What will happen if business expenses are greater than business revenue? If business expenses are greater than business revenue, the business will incur a net loss. 3 done, 2 left today. You're making progress.