2.4 You are the owner of a small shop. Consider the following events and say whether each event has improved the prospects of the business, that is, do you believe that the event would increase the sum you would receive if you sold the business, even if only by a small amount?

1. You purchase, on credit, chocolate for resale, for £500.

2. You pay business rates of £2,000 for six months in advance.

3. You receive a legacy of £10,000 which you pay into the business bank account.

4. You sell goods which cost you £300 for £400, half for cash and half on credit.

5. You purchase a delivery van for £8,000 cash.

6. The bus company has moved a bus stop, previously 200 metres away, to a new position immediately outside your shop.

7. Your supplier of crisps has increased the price of a packet of crisps by 50 per cent; the supplier now recommends selling a packet for 50 per cent more also. You have in stock 500 packets bought at the old price.

8. A national supermarket chain is building a supermarket 500 metres down the road.