Test One Flashcards
money owed by a company to a supplier
Accounts payable
money owed by a customer to a company
Accounts Receivable
individuals that make small investments in an enterprise or to support an entrepreneur where they do not expect an immediate or large return on the investment
Angel investors
something of value
Assets
debt from a bank
Bank loan
a loan
Bond
a determination of how many units are needed to sell in order to pay for all fixed cost
Breakeven analysis
a company that provides individuals and companies with access to financial markets
Brokerage
proper business behavior beyond complying with legal requirments
Business ethics
funds contributed by investors to a business
Capital (or equity)
expenditures on equipment the business will use for many years
Capital expenditures
total revenues minus total cost minus one-time expenditures (called “capital expenditures”)
Cash flow
cash, publicly traded stocks, government bonds, or corporate bonds that can be quickly turned into cash
Cash instruments
equipment, inventory or other goods that are pledge to the bank in the case the company cannot make a loan payment
Collateral
the ability to interact in a friendly and effective way with unfamiliar people
Comfort engaging with strangers
