EdwinMoreno

4. what a company owns; anything of value owned by a business
6. what a company owes
8. equity the value of the business after liabilities are subtracted from assets; the value of the owner’s investment in the business
10. budget describes the financial plan for ongoing operations of the business for a specific period of time
13. budget an estimate of the actual money received and paid out for a specific period of time
14. costs of operating a business
15. all income that a business receives over a period of time

1. detailed plans for the financial needs of a business
2. performance ratios comparisons of a company’s financial elements that indicate how well the business is performing
3. the financial record of employee compensation, deductions, and net pay
5. differences between actual and budgeted performance
7. up budget plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable
9. deposit funds are deposited electronically and available automatically for your use
11. statement a report of revenue, expenses, and net income or loss from operations for a specific period
12. sheet a report that lists a company’s assets, liabilities, and owner’s equity