Business Studies
Across
- 3. A financial obligation or debt owed by the business
- 4. A business structure with 2–20 owners sharing profit and liability
- 9. Goods held by a business for the purpose of sale
- 11. A non-cash expense that reduces the value of a long-term asset over time
- 12. The output level where total revenue equals total costs
- 13. A business or person to whom money is owed
- 15. The owner's financial stake in the business
Down
- 1. The ability to pay short-term debts as they fall due
- 2. A specific, measurable target a business aims to achieve
- 5. Total income earned from sales before any deductions
- 6. The ability of a business to pay ALL debts in the long term
- 7. A financial plan estimating future income and expenses
- 8. A type of cost that changes with the level of production or sales
- 10. The movement of money into and out of a business
- 14. A business or person who owes money to the business