Ag Business Terms-Farming Game

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Across
  1. 2. the operations and businesses that are associated with agriculture
  2. 3. right column
  3. 7. Sheet- form that compares your assets to your liabilities, it is also known as the net worth statement
  4. 8. Term- time period over 10 years
  5. 10. different types of breeds or businesses within one business
  6. 12. something you owe
  7. 14. something that is used or changes drastically from year to year
  8. 15. something you earn
  9. 17. a loan for the purpose of buying land
  10. 18. Worth- the total amount of money you are worth NW=TA-TL
  11. 20. Debt Ratio- ratio that shows how much of your debt is current =CL/TL
  12. 21. Statement- form that breaks down expenses into specific categories and enterprises
  13. 22. you have spent more money than you earned
Down
  1. 1. property or items owned by a business that are depreciable
  2. 4. left column
  3. 5. list of items on hand at a specific point in time
  4. 6. resources you own
  5. 9. money paid to secure a loan in order to show your ability to make payments
  6. 11. Sheet- form that breaks down income into specific categories and enterprises
  7. 13. Statement- shows how much you have earned and spent, gives the profit or loss for the time period
  8. 16. something you pay
  9. 19. shows money coming in and going out in real time