Mario Lozano Vocab Lesson 4

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Across
  1. 5. describes the financial plan for ongoing operations of the business for a specific period of time
  2. 6. plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable
  3. 8. an estimate of the actual money received and paid out for a specific period of time
  4. 12. comparisons of a company’s financial elements that indicate how well the business is performing
  5. 14. differences between actual and budgeted performance
  6. 16. what a company owns; anything of value owned by a business
  7. 17. detailed plans for the financial needs of a business
Down
  1. 1. a financial document that contains information on all employees of the company, their compensation, and benefits
  2. 2. funds are deposited electronically and available automatically for your use
  3. 3. a report of revenue, expenses, and net income or loss from operations for a specific period
  4. 4. financial documents that are used to record and analyze the financial performance of a business
  5. 7. costs of operating a business
  6. 9. the value of the business after liabilities are subtracted from assets; the value of the owner’s investment in the business
  7. 10. what a company owes
  8. 11. a report that lists a company’s assets, liabilities, and owner’s equity
  9. 13. the financial record of employee compensation, deductions, and net pay
  10. 15. all income that a business receives over a period of time