Chapter 31 Flashcards
Long and large projects called what
Long term financing
What are 2 types of projects in terms of duration
1- Short term projects (1-3 years)
2- Long term projects (3-10 years)
What is marketing budget
Budget consumed for marketing
What is operational budget
Budget consumed for operations
What is fixed budget
Budget used for fixed assets. e.g. furniture, property, machines etc
What is variable budget
Budget that can be changes. e.g. bills, utility bills, employee bonuses and salaries.
What is income statement
Revenue - expenses = profit
These kind of reports.
What are convertible tangible assets
Like bonds
What are types of market
- Vision market
- Competitors market
- Alternative market
- Price market
- Value market
What is projected figures
Assumption of figures of future from past stats.
What is growth rate
Growth rates refer to the percentage change of a specific variable within a specific time period, given a certain context.
What is pro forma cash flow
The difference between cash comes and cash paid is called cash flow
What is pro forma balance sheet
Balance sheet tells us 3 things
- Liabilities
- Assets
- Net worth
What could be the period for a balance sheet
3 months
6 months
3 years
what is liability
Amount due
