Business

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Across
  1. 2. – Flexible short-term borrowing.
  2. 4. – Profit paid to shareholders.
  3. 5. – Ability to pay bills on time.
  4. 7. – Part of revenue formula.
  5. 9. – Costs that do not change with output.
  6. 11. – Fixed costs plus variable costs.
  7. 13. – Money earned from sales.
  8. 14. – Output level where TR = TC.
  9. 16. – Cost of borrowing.
  10. 18. – How much a share price moves.
  11. 19. – Costs that change with output.
Down
  1. 1. – Actual output minus break-even output.
  2. 3. – When average costs fall as output rises.
  3. 6. – Cash going out.
  4. 8. – Cash coming in.
  5. 10. – First time shares sold to the public.
  6. 12. – Profit kept in the business.
  7. 15. – Other part of revenue formula.
  8. 17. – Revenue minus total costs.
  9. 20. – Annual percentage rate.