Principles of Business Ch. 12

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Across
  1. 2. a report that lists a company's assets, liabilities, and owner's equity at a specific point in time.
  2. 4. a budget that plans income and expenses from the beginning of a new business.
  3. 5. what a company owes.
  4. 6. assets the assets with a lifespan of more than a year, such as land, buildings, equipment, and expensive technology.
  5. 8. cash and those items that can be readily converted to cash such as inventory and accounts receivable.
  6. 15. the company's liabilities divided by the owners' equity.
  7. 17. the result of revenue being greater than expenses.
  8. 25. describes the financial plan for ongoing operations of the business for a specific period of time.
  9. 26. a financial document used to identify the type and number of products on hand for sale.
  10. 27. the amount of money available to the business after all costs and expenses have been paid.
  11. 29. a financial document that identifies customers that made purchases using credit.
  12. 32. current assets compared to the current liabilities.
  13. 33. documentation used to process earnings payments and record each employee's pay history.
  14. 34. reports that sum up the financial performance of a business.
  15. 35. the process by which funds are deposited electronically and available automatically for your use.
  16. 36. a financial document that lists all cash received and spent by the business.
  17. 37. what a company owns; anything of value owned by a business.
  18. 38. costs of operating a business.
  19. 39. financial documents that are used to record and analyze the financial performance of a business.
  20. 40. a financial document used to identify all purchases and sales made using credit.
Down
  1. 1. all income that a business receives over a period of time;
  2. 3. a report, usually included with the employee's paycheck, which includes information for the current pay period.
  3. 7. required federal and state payments for each employee.
  4. 9. a financial document that shows all taxes collected, owed, and paid.
  5. 10. the financial record of employee compensation, deductions, and net pay.
  6. 11. maintains information on each employee to be able to calculate the company's payroll.
  7. 12. comparisons of a company's financial elements that indicate how well the business is performing.
  8. 13. business debts that will continue for longer than a year.
  9. 14. the value of the business after liabilities are subtracted from assets.
  10. 16. the net profit of the business compared to the amount of owners' equity.
  11. 18. differences between actual and budgeted performance.
  12. 19. a financial document that identifies the companies from which credit purchases were made.
  13. 20. the total sales compared to the net income for a period such as six months or a year.
  14. 21. an estimate of the actual money received and paid out for a specific period of time.
  15. 22. amounts owed by the business that will be paid within a year.
  16. 23. a financial document used to name the buildings and equipment owned by the business.
  17. 24. detailed plans for the financial needs of individuals, families, and businesses.
  18. 28. a financial document used to identify the amount assets have decreased in value due to their age and use.
  19. 30. a report of revenue, expenses, and net income or loss from operations for a specific period.
  20. 31. the result of expenses being greater than income.