Across
- 6. - an agreement that allows firms to hire goods and pay an agreed amount by installments while receiving the product right away (not the product of buyer until last payment)
- 10. money the business has to pay for its day to day operations and fund its future growth
- 11. the leasing of a property back to the vendor
- 12. short term expenses used by the company to meet ongoing operational costs of running a business
- 13. a person or business that owes a sum of money
- 14. the amount of net income leftover for the business after paying dividends to shareholders
- 15. when the bank allows businesses to borrow a set of money when there is not enough money in the account to pay for it
Down
- 1. the money available to meet the business's current, short term obligations
- 2. any funds that is borrowed or received by a business from an individual under their own name
- 3. that are purchased for long-term use for the business (ex. land, buildings, equipment)
- 4. when customers buy a certain good from a supplier and pay at a later scheduled date
- 5. long term expenses used by a company to acquire/upgrade/maintain physical fixed assets
- 7. when, where and how work is carried out in the business
- 8. form of renting an asset, giving beneficial use of the asset without owning it
- 9. when a business sells its account receivables to a third party (factor) to receive an immediate cash