Across
- 2. Bills for goods and services either bought by or sold to the business.
- 3. All businesses operating in Canada have to pay taxes on their profits or earnings.
- 6. Shows how many dollars of liquid assets a business has for every dollar of short term debt.
- 8. Financial statements are presented to shareholders and potential investors in the form of a glossy publication.
- 9. Is the process of recording, analyzing, and interpreting the economic activities of a business.
- 11. Any business activity involving money is recorded as a transaction.
- 12. A financial statement that shows a business’s profitability over a stated period of time.
- 15. Show the total amount of the goods bought by the business in a year.
- 18. Debts owed to a business by customers, suppliers, etc.
- 21. When a company sells a stock for a price that is higher than they paid for it.
- 23. The expenses involved in operating all the production facilities.
- 26. All the money that is left over after deducting the gross profit and the expenses.
- 27. Money borrowed from a bank or other financial institutions.
- 29. Debts that will not be repaid for decades.
- 36. The allocation of money to various areas of the business. To budget accurately, the business must estimate both sales and expenses.
- 38. The payment for the goods or service received occurs at a future date.
- 39. Are things of value that the business owns.
- 40. Are assets that a business will keep for a long time. (buildings)
- 41. Work that is directly involved in the manufacturing process.
Down
- 1. A 12 month operating period for a business.
- 4. The business’ ability to pay its short term debts.
- 5. The debts a business can pay off very quickly.
- 7. The movement of cash in and out of the business.
- 10. Purchased supplies or inventory on credit.
- 13. Are reports that summarize the financial performance of a business.
- 14. Are the costs of operating the business during the period the sales took place.
- 16. All the money that is left over after deducting the cost of goods sold form the revenue.
- 17. The owner’s investment in the business, or the financial part of the business that is owned by the owner.
- 19. The cost of the inventory that was sold to generate business revenue for a specific period of time.
- 20. The difference between the cost of the product and the selling price of the product.
- 22. Equity in corporations is known as shareholder’s equity because the shareholders are the owners.
- 24. Are the things a business owns that disappear quickly, usually in less than one year. (cash)
- 25. A business earns revenue or income from the sales of goods or services.
- 28. The debt a business has to pay for real estate.
- 30. Records the cost of all the partially finished goods at inventory time, which is normally the end of the fiscal year.
- 31. Are goods a business purchases and transforms into another product.
- 32. Work that is not directly involved in the cost to manufacture the product.
- 33. A financial statement that shows the financial position of a business on a single, specific date.
- 34. Liquid assets can easily be turned into cash.
- 35. Are the debts of a business.
- 37. Is a method of recording all transactions for a business in a specific format.