FBM Terms - Thorsvig

Edit Answers
1234567891011121314151617
Across
  1. 1. Statement showing when & where cash moves through the operation.
  2. 3. Expenses, which vary depending on enterprise (variable costs)
  3. 6. ratio calculated by dividing the total Debt by the total Assets.
  4. 8. Placing a value on capital assets in the Balance sheet, based on cost less depreciation.
  5. 11. one specific aspect of business, income and expense center for the business (Ex: Corn, Dairy)
  6. 13. ratio calculated by dividing the Current Assets by the Current Liabilities.
  7. 14. Total volume of product per acre, generally expressed in bushels, tons, or cwt.
  8. 17. Statement listing Assets and Liabilities for the business at a point in time.
Down
  1. 2. Expenses that are incurred even if no production takes place. (Fixed costs)
  2. 4. Placing a value on all assets in the Balance Sheet, based on current market value.
  3. 5. Portion of assets that is owned, without a loan outstanding.(aka Net Worth)
  4. 7. T (2,000 pounds)
  5. 9. The ability to meet cash obligations when needed.
  6. 10. A dollar amount calculated by subtracting total Current Liabilities from total Current Assets.
  7. 12. The ability to pay off all debt when the business is sold.
  8. 15. Bu.(Wheat = 60 pounds/bushel) (Barley = 48 pounds/bushel) (Corn = 56 pounds/bushel)
  9. 16. 100 pounds of product