VCG manufactures high-quality briefcases and travel bags. VCG has 50 skilled production workers in its factory. VCG is planning to expand by building a second factory. Different locations are being considered. The Managing Director is reviewing VCG's financial statements. An extract is shown in Table 3.1. Both internal and external stakeholder groups of VCG are interested in this information. [Table 3.1] Extract from VCG's 2021 financial statements ($) Revenue 2000000 Current assets 300 000 Current liabilities 250 000 Shareholders' equity (funds) 800 000

1. (a)Define 'shareholders' equity'.[2]
2. (b)Identify two financial statements a public limited company is legally required to publish each year. Financial statement 1: Financial statement 2:[2]
3. (c)State whether each of the following are classified as a current asset or a current liability. Overdraft: Trade receivables: Trade payables: Cash in bank:[4]
4. (d)Explain one way each of the following stakeholder groups might use VCG's accounts: Shareholders: Explanation: Suppliers: Explanation:[6]
5. (e)Do you think access to labour is the most important factor for a manufacturing business to consider when deciding where to locate a new factory? Justify your answer.[6]

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.