3.02 Crossword

6. Individuals or businesses to whom a business owes money or from whom it wants to borrow money
8. All expenses involved in running a business
9. The comparison of two numbers from a business’s financial statement; used as a tool by businesses to see relationships between numbers
11. Another name for an income statement
13. Another name for an income statement
15. The money received by resource owners and by producers for supplying goods and services to consumers
17. The amount of money a business pays for the product it will sell
18. Income left once all expenses are paid

1. Net outcome
2. Money that a business spends
3. A summary of a business’s income and expenses over a period of time
4. The process of comparing a business’s income statement with that of its competitors to see how it is doing by industry standards
5. Another name for an income statement
7. Money remaining after operating expenses are subtracted from gross profit
10. The total amount of money earned by a business; income
12. A comparison created when one number is divided into another
14. A financial summary with estimates as to when, where, and how much money will flow into and out of a business
16. Money left after the cost of goods expense is subtracted from total income