Across
- 3. A reward offered for early payment of an account
- 4. Selling goods or services now and receiving payment later
- 6. _____ capital required for periods of less than one year
- 7. A short-term banking facility linked to a business bank account
- 9. The rate at which inventory is sold
- 10. A business whose liabilities exceed its assets
- 11. The ability of a business to meet its long-term obligations
- 12. Money borrowed that must be repaid
- 13. A business is ____ when its assets exceed its liabilities
- 14. A business owned by two or more people
- 15. Ownership units sold by a company to raise capital
- 16. Procedures used to manage and collect debts from customers
- 17. Capital invested in long-term assets such as buildings and equipment
- 20. Accounts that are unlikely to be paid and must be written off
- 21. _____ capital provided directly by the owner of the business
- 23. _____ capital needed for the day-to-day running of a business
- 24. Agreement where an asset is used but ownership never transfers
- 25. Criteria used to determine a customer's creditworthiness
- 26. The period allowed for debtors to settle their accounts
- 27. The amount a business owes to others
Down
- 1. Resources owned by a business that have value
- 2. People who owe money to a business
- 5. Purchase agreement where ownership transfers after final payment
- 8. Credit provided directly by suppliers
- 12. _____ capital finance required for periods longer than one year
- 15. A person who owns shares in a company
- 18. The maximum amount of credit allowed to a customer
- 19. The extra amount paid on borrowed money
- 22. _____ capital is money borrowed from banks or financial institutions
- 26. A business that can raise capital by issuing shares