Business Budgeting Terms

4. costs incurred in the normal course of business operations
7. costs that fluctuate with the level of revenue
8. borrowing funds that must be repaid, usually with interest
9. wealthy, private individual seeking investment options with a greater potential return than is generally available with traditional publicly traded stocks
10. funds available for day-to-day operations
12. forecast of the future operations of a business
13. account that includes customers that owe the business money
15. individual or investment firm that specializes in funding startup companies
16. account that includes vendors that the company owes money to
20. owner’s interest in the assets of the business
22. system of recording and classifying a company’s financial transactions and summarizing and communicating those transactions in the form of financial statements

1. rate at which cash outflow exceeds cash inflow
2. costs that do not change, regardless of the amount of sales
3. amount a business earns through product sales or providing a service
5. amount by which revenue exceeds costs, typically described as a percent
6. level of operations that results in exactly enough revenue to cover costs
11. items a business owns and derives future use from
14. lending of funds in exchange for a promise to repay
17. financing with investments of small amounts of money from a large number of people
18. revenue minus expenses
19. company’s debt to another party
21. something of value pledged to secure a loan