Test 1 Flashcards
money owed by a company to a supplier.
Account Payable
money owed by a customer in a company
Accounts Receivable
Individuals that make small enterprise or to support an entrepreneur where they do not expect an immediate or large return on the investment. They are typically friends and family who know the business owner and want to see them succeed
Angel Investors
Something of value. Anything owed. a piece of paper that represents ownership in a something and is worth money
Assets
debt from the bank.
Bank Loans
a loan. a security that investors buy ans sell, that represents a legal obligation from the company issuing the bond that they will repay the funds they received when they issued the bond
Bond
A determination of how many units are needed to sell in order to pay for all fixed costs
Breakeven Analysis
A company that provides individuals and companies with access to financial markets
Brokerage
Proper business behavior beyond complying with legal requirements
Business Ethics
Funds contributed by investors to a business. Investors contribute capital to a business they expect a significant return on their investment when the business succeeds
Capital (or Equity)
Expenditures own equipment the business will use for many years
Capital Expenditures
total revenue minus total cost minus one-time expenditures (called capital expenditure) on equipment that will be used for many years
Cash flow
cash, publicity traded stocks, government bonds, or corporate bonds that can be quickly turned into cash. Cash instruments can be turned into cash values that are predictable and available to all holders of the cash instrument
Cash Instruments
Equipment, inventory or other goods that are pledged to the bank in the case the company cannot make a loan
Collateral
the ability to interact in a friendly and effective way with unfamiliar people. The ability to seem welcoming and easy to talk to, even with people who are different in age, appearance, or background.
Comfort engaging with strangers
