Finance

5. differences between actual and budgeted performance
7. performance ratios comparisons of a company’s financial elements that indicate how well the business is performing
8. record a financial document that contains information on all employees of the company, their compensation, and benefits
9. budget-describes financial plan
10. sheet a report that lists a company’s assets, liabilities, and owner’s equity
11. statement a report of revenue, expenses, and net income or loss from operations for a specific period
13. cost of operating a business
14. a limit of expense

1. what a company owns; anything of value owned by a business
2. deposit funds are deposited electronically and available automatically for your use
3. income and expenses
4. what a company owes
6. budget actual money received or paid
9. equity the value of the business after liabilities are subtracted from assets; the value of the owner’s investment in the business
12. income that business