3.1-3.4

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Across
  1. 3. The total value of what a business owns (Total Equity + Total Liabilities)
  2. 8. The source of finance that allows businesses to temporarily take out more money than is available in their bank account.
  3. 11. The possessions of an organization with a monetary value, but intended to be liquidated within twelve months of the balance sheet date.
  4. 12. The value of equity in a company that is funded by shareholders.
  5. 16. The long-term debts of a business, falling due after 12 months of the balance sheet date.
  6. 18. The financial gain a business makes, calculated as Total Revenue - Total Costs.
  7. 19. The revenue earned per unit sold, calculated as Total Revenue ÷ Quantity Sold.
  8. 20. The individuals or businesses that owe money to an organization as they bought goods or services on trade credit.
  9. 21. Costs that cannot be directly traced to a specific product or activity, such as utility bills or administrative expenses.
  10. 23. The total value of what a business owes (Total Equity + Total Assets)
  11. 25. The final products that are ready to sell to customers.
  12. 26. The total worth of a business (Total Assets - Total Liabilities)
  13. 27. The possessions of a business that have a monetary value, such as buildings, land, machinery, equipment, stock (inventory), and cash.
  14. 29. Costs that do not change with the level of output, such as rent, insurance, or salaries.
  15. 30. The financial statement that shows the value of an organization’s assets, liabilities, and the owners’ equity at a particular point in time.
  16. 32. Costs that can be directly attributed to the production of specific goods or services, such as raw materials or labor for a product.
Down
  1. 1. The long-term assets or possessions of an organization with a monetary value but are not intended for resale within the next twelve months of the balance sheet date.
  2. 2. The advances from a commercial lender that needs to be repaid within 12 months of the balance sheet date.
  3. 4. The initial costs involved in starting a business or a new project, such as purchasing equipment or licensing fees.
  4. 5. The different sources of income a business generates, such as product sales, subscription fees, or advertising revenue.
  5. 6. The money an organization has either “in hand” (at its premises) and/or “at bank” (i.e., in its bank account).
  6. 7. The short-term debts of a business, which need to be repaid within twelve months of the balance sheet date.
  7. 9. Costs that change in proportion to the level of output, such as raw materials and production labor.
  8. 10. The cost of producing one unit, calculated as Total Cost ÷ Total Output.
  9. 13. The ongoing costs required to operate a business, such as wages, utilities, and raw materials.
  10. 14. The equity in a business funded by the cumulative amount of net income that has been retained and accumulated by the organization.
  11. 15. The sum of all costs incurred in producing a certain level of output, calculated as Fixed Costs + Variable Costs.
  12. 17. The total income generated from the sale of goods or services, calculated as Price × Quantity Sold.
  13. 22. The debts of a business, i.e., the money owed to others such as bank overdrafts and trade creditors.
  14. 24. The overall value of an organization’s assets after all its liabilities are deducted.
  15. 28. The total amount of money a business earns from selling its products or services, calculated as Price × Total Output Sold.
  16. 31. The value of the owners' stake in the business, i.e., what the business is worth at the time of reporting the balance sheet.