Ag Business 2.2

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Across
  1. 5. – The net ownership in a business which is the difference between the assets and liabilities of an individual or business as shown on the balance sheet or financial statement. Comparable to net worth.
  2. 6. – The net ownership of an individual in his/her business; the difference between the assets and liabilities; the owner’s equity in the business. Comparable to owner’s equity.
  3. 7. – The amount of money used to run a business.
  4. 9. – Designating an individual or business which is in good financial condition; i.e., able to pay all debts and other liabilities.
  5. 10. – The total income, cash and noncash, received from an enterprise or business, before any expenses are paid. Synonymous with revenue.
  6. 12. – The state or quality of being efficient, or able to accomplish something with the least waste of time and effort; competency in performance.
  7. 14. – The ratio of current assets to current liabilities; a measure of liquidity.
  8. 15. – An accounting of income and expenses that indicates a firm's net profit or loss over a certain period of time, usually one year.
  9. 18. – The ratio of owner’s equity to total assets; a measure of solvency.
  10. 19. – A list of the assets (current and noncurrent) and the liabilities (current and noncurrent) of an individual or business. The difference between assets and liabilities is the owner’s equity, net worth, or financial gain or loss.
  11. 22. – An annual accounting period that does not correspond to the calendar year.
  12. 23. – Income that has been earned but for which no cash payment has been received.
  13. 25. – The ratio of total liabilities to owner’s equity; a measure of solvency.
Down
  1. 1. – A cost for the purchase of inputs and services used up relatively quickly, usually in one production cycle.
  2. 2. – The practice of using credit to increase the total capital managed beyond the amount of owner equity.
  3. 3. – The income left after expenses are deducted from gross income.
  4. 4. – The difference in value between current assets and current liabilities; a measure of liquidity.
  5. 8. – Cash or any asset that can be readily converted to cash.
  6. 11. – The ratio of total liabilities to total assets; a measure of solvency.
  7. 13. – An expense that has been incurred but not yet paid.
  8. 16. – The value for which an asset would be sold in an open-market transaction.
  9. 17. – The ability of a business to meet its cash financial obligations as they come due.
  10. 20. – The result that occurs when expenses exceed the income or total revenue produced for a given period of time.
  11. 21. – A legal agreement by which a lender receives the right to acquire a borrower’s property to satisfy a debt if the repayment schedule is not met.
  12. 24. – An estimate, often itemized, of expected income and expense for a given period in the future.