FINANCE TERMINOLOGY TEST

3. A Cash ______ is the document used to set out the planned income/expenditure of the business over the next few months.
5. Break _____ is the point at which neither a profit or a loss is made.
7. A cause of cashflow problems.
9. The money received from selling goods and services.
11. A cost which is paid regardless of output/sales.
12. Cash____ refers to the management of cash in the business.
15. A cost which varies with output/sales.
16. A source of finance gained from the government which does not need to be repaid.
18. Where goods are bought/sold and payment is made at a later date.
20. Profit for the _____ is the new term for Net Profit, which is the final profit after all expenses have been deducted.
21. A positive balance on the Cash Budget.

1. Changing ________ of raw materials can deal with cashflow problems / Increase Gross Profit.
2. A negative balance on the Cash Budget.
4. ________ Statement records the sales, costs of sales and expenses of a business over the last trading year.
6. _______ Capital is finance received from an experienced entrepreneur in return for a share in the business.
8. A source of finance which allows the business to withdraw money from the bank when it does not have any funds.
10. Rising __________ can cause problems with cashflow and reduce Profits.
13. Bank _____ is a lump sum received from the bank which is repaid in monthly installments with interest added.
14. The money invested into the business by the owners.
17. Expenses to solve cash flow problems / increase Profit for the Year.
19. The profit which is made on trading activities only / before expenses are deducted.