Across
- 1. The authorization to borrow up to a certain sum of money at a perticular time or on demand if certain conditions arise
- 4. process of recording
- 5. Are expensive assets of a business that are expensive that are expected to last and be used for a long time
- 6. Even though the asset is still usable it becomes out of date or inadequate for some reason
- 7. Is the gradual loss of an asset’s value due to ae and wear
- 9. The price at which stock is actually bought
- 13. Medium or long term financing used for operating funds or the purchase or upgrade of fixed assets
- 14. Hours worked, money made, regular and ot time paid, and all types of deduction
- 16. Profits that are not taken out of the business but instead are saved for future use
- 17. anything of value owned
- 18. Reports info about a company's revenues (sales) and expenses (costs) for a specific period
- 20. Claims against assets or things owed—the debts of a business.
- 21. The cost of anything directly or indirectly involved in manufacturing goods. This amount includes the cost of the materials used in creating the good along with the direct labor cost used to produce the goods
- 25. Is the amount remaining after subtracting the cost of goods sold from revenue gross profit=revenue-cost of goods sold
- 27. Agency of the ovt that provides info, advice, and assistance in obtaining credit and other financial support for a small business
- 28. Is the value of the owner's investment in the business after subtracting liabilities from assets
- 30. Examination of a company's financial records be an expert to verify their accuracy
- 31. Something of value pledged as assurance
- 35. Capital borrowed for more than a year Machinery buildings
- 36. A person who has met the states education, experience, and examination requirements in accounting
- 37. Is a graphic designed to provide a quick view or key financial performance indicators
- 39. Is the amount remaining after subtracting all expenses from revenue, except taxes Net profit=revenue-all costs
- 41. Is a written financial plan for business operations developed for a specific period of time
- 42. Stock that gives holders first claim on corporate dividends
- 43. Refers to the money required to start or expand a business
- 44. Loan that must be paid with interest within year
Down
- 2. money taken in by a business
- 3. Financial statement that reports a business's assets, liabilities, and capital on a specific date
- 8. Are amounts the company owes for purchases it made on credit
- 10. The dollar value shown on a share of stock
- 11. Goods and services are provided with the exception of future payments by the customer
- 12. Reports that summarize financial data over a period of time, such as a month, three months, half a year, or a full year
- 15. Amounts customers owes the business
- 19. Financial report that would primarily be used for internal control of cash
- 22. Contract that lets you borrow an asset for a fee paid monthly
- 23. What each customer purchases, pays, and owes
- 24. Is the asset's original value minus the total amount of depreciation
- 26. Is the difference between current assets and current liabilities
- 29. A business owners personal financial contributions to a business
- 32. Written promise to pay the lender certain sum of money at a perticular time or on demand if certain conditions arise
- 33. Are cash payments made by a business
- 34. Organized summary of a business’s financial info and activities
- 38. Money that others loan to a business
- 40. Ownership; holders gain the right to participate in voting privilidges and the right to share any profits through dividends