Finance Flashcards
1
Q
opportunity cost
A
-value of what is foregone in order to have something else
ex: yoga class vs seeing 3 patients per hour
2
Q
start up costs
A
costs associated with starting business
3
Q
capital expenditures
A
large equipment expenditures
ex: replacing furniture, etc
4
Q
fixed costs
A
expenses that dont vary with patient volumes
ex: rent, lights, phone bill
5
Q
variable costs
A
fluctuate directly with business volume
6
Q
break even analysis
A
-used to determine when your business/program will be able to cover all its expenses and begin to make a profit
7
Q
ROI
A
profit generated by the money a business owner puts into the business/project
8
Q
net operating income
A
-making money after all the bills are paid as the business is operating
-assessed monthly
