chapter 16 brick davis

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Across
  1. 1. The authorization to borrow up to a certain sum of money at a perticular time or on demand if certain conditions arise
  2. 4. process of recording
  3. 5. Are expensive assets of a business that are expensive that are expected to last and be used for a long time
  4. 6. Even though the asset is still usable it becomes out of date or inadequate for some reason
  5. 7. Is the gradual loss of an asset’s value due to ae and wear
  6. 9. The price at which stock is actually bought
  7. 13. Medium or long term financing used for operating funds or the purchase or upgrade of fixed assets
  8. 14. Hours worked, money made, regular and ot time paid, and all types of deduction
  9. 16. Profits that are not taken out of the business but instead are saved for future use
  10. 17. anything of value owned
  11. 18. Reports info about a company's revenues (sales) and expenses (costs) for a specific period
  12. 20. Claims against assets or things owed—the debts of a business.
  13. 21. The cost of anything directly or indirectly involved in manufacturing goods. This amount includes the cost of the materials used in creating the good along with the direct labor cost used to produce the goods
  14. 25. Is the amount remaining after subtracting the cost of goods sold from revenue gross profit=revenue-cost of goods sold
  15. 27. Agency of the ovt that provides info, advice, and assistance in obtaining credit and other financial support for a small business
  16. 28. Is the value of the owner's investment in the business after subtracting liabilities from assets
  17. 30. Examination of a company's financial records be an expert to verify their accuracy
  18. 31. Something of value pledged as assurance
  19. 35. Capital borrowed for more than a year Machinery buildings
  20. 36. A person who has met the states education, experience, and examination requirements in accounting
  21. 37. Is a graphic designed to provide a quick view or key financial performance indicators
  22. 39. Is the amount remaining after subtracting all expenses from revenue, except taxes Net profit=revenue-all costs
  23. 41. Is a written financial plan for business operations developed for a specific period of time
  24. 42. Stock that gives holders first claim on corporate dividends
  25. 43. Refers to the money required to start or expand a business
  26. 44. Loan that must be paid with interest within year
Down
  1. 2. money taken in by a business
  2. 3. Financial statement that reports a business's assets, liabilities, and capital on a specific date
  3. 8. Are amounts the company owes for purchases it made on credit
  4. 10. The dollar value shown on a share of stock
  5. 11. Goods and services are provided with the exception of future payments by the customer
  6. 12. Reports that summarize financial data over a period of time, such as a month, three months, half a year, or a full year
  7. 15. Amounts customers owes the business
  8. 19. Financial report that would primarily be used for internal control of cash
  9. 22. Contract that lets you borrow an asset for a fee paid monthly
  10. 23. What each customer purchases, pays, and owes
  11. 24. Is the asset's original value minus the total amount of depreciation
  12. 26. Is the difference between current assets and current liabilities
  13. 29. A business owners personal financial contributions to a business
  14. 32. Written promise to pay the lender certain sum of money at a perticular time or on demand if certain conditions arise
  15. 33. Are cash payments made by a business
  16. 34. Organized summary of a business’s financial info and activities
  17. 38. Money that others loan to a business
  18. 40. Ownership; holders gain the right to participate in voting privilidges and the right to share any profits through dividends