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Scenario Mr May is a sole trader and owns WoodyTrain, a toy store specialising in handcrafted wooden train toys. Mr May wants to raise £20,000 by getting a new partner. Instructions You are required answer the following points and produce a report of your findings: • Analyse the types of business budgets that Mr May have prepared for this business organisation. Recommend how these budgets would allow a new partner to make an informed decision about investment. Explain the different methods Mr May could use to calculate the unit cost of the handcrafted wooden train toys. Compare the format of the financial statements that Mr May will currently prepare for his sole trader business with those prepared for a partnership and limited co
INTRODUCTION TO FINANCE Unit Title Introduction to Finance Unit Reference Number M/616/2722 Unit Level Level 4 Assessor Date issued Hand in Date Unit Grading…