UNIT 2 - TERMINOLOGY TEST (FINANCE)

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Across
  1. 3. a positive balance on a cash budget
  2. 6. a long term loan which is secured on a property
  3. 9. software which is used in working with financial information
  4. 10. _____ Purchase a type of finance where an asset is acquired and repaid in monthly installments
  5. 11. a long term loan which is repaid in full after 10/20 years with annual interest payments
  6. 14. ___ Current, an asset which will last for more than 12 months
  7. 15. purchasing too much stock at one time
  8. 16. ratios which measure the cash position of the business
  9. 19. _______ Capital - finance obtained from an experienced entrepreneur in exchange for an equity share in the business
  10. 20. people/organisations who have an interest in the financial position of a business
  11. 22. Profit for the _____ is the profit made once all overhead expenses have been deducted
  12. 23. someone whom the business owes money to
  13. 24. a customer who has an outstanding debt with the business
  14. 25. the financial statement which is produced to show the profits earned by the business over the last 12 months
Down
  1. 1. a very short term loan which enables a business to withdraw more funds from a bank than it has in deposit
  2. 2. _____ prepared to set out the planned income/spending of the business over the next 6 months
  3. 4. _____ Profit made on trading activities only, before expenses have been deducted
  4. 5. Sale and _________ a loan where an asset is sold and rented back
  5. 7. ratios which analyse the % profit received from sales
  6. 8. Debt ___________ a process where a business sells off outstanding debts for less than their value
  7. 12. ratios which analyse whether the business is making the best use of their assets
  8. 13. the money which is received from sales
  9. 17. a negative balance on a cash budget
  10. 18. an asset which will be used up within 12 months
  11. 21. Statement of Financial ______ is produced annually to show the value of the business