Entrepreneurship Vocabulary

3. basic calculations using data from a company's financial statement
4. financial document that summarizes a company's revenue,expenses, and profits
5. examination of inflows and outflows
7. money owed to your business by customers for good or services delivered but not yet paid
10. money a business has in its disposal
11. assets that can not be quickly and easily converted into cash
14. commercial document that records products and services delivered to customers
15. when a company sells out its invoices to a third party
17. financial statement that summarizes a company's assets

1. easy, secure assets that can be quickly exchanged for legal tender
2. list of all the financial accounts a business uses to track its transactions
6. tangible, long-lived assets used by a company in its operations
8. capital that a company owns that is not tied to debt
9. measures the profit or return from an investment based on cost
10. an asset pledged as security to secure a loan
12. capital that a business raises by taking out a loan
13. loan that allows you to borrow money up to a set limit
16. measures how efficiently a business generates profit from its shareholders' equity