In or Out
a company's goods and products that are ready to sell, along with the raw materials that are used to produce them
What is inventory?
This type of finance is usually used for spending that needs to be paid within 1 or 2 years
What is short-term finance?
The amount of money that shareholders have committed to the company
What is share capital?
Plc
What is a public limited company?
If the beginning monthly balance is 20,000, total inflows are 10,000 , and the closing balance is 15,000.
Total cash outflows were________
What is 15,000?
The total amount of cash that comes into a business from sales, debtors, and other sources.
Be careful, this isn't the same as profit
What are cash inflows?
The other meaning for this word includes work in progress or finished goods that may be kept in storage.
What is stock?
The amount of money needed to start a business. May be used for finding a location or purchasing necessary machinery.
What is start-up capital?
JIT
What is "just in time"?
Knowledge of these elasticities may be very useful to business owners
What are PED, XED, YED, ProED, and PES
to legally make a company into a corporation or part of a corporation
What is incorporate?
It may increase sales by allowing customers to buy now and pay later but if a business doesn't collect these is may be in trouble.
what are trade receivableS?
a form of private equity and a type of financing that investors provide to companies that may be to risky for traditional finance
What is venture capital?
WIP
What is "work in progress"?
It's not smart for a business to have an objective that isn't _______
What is specific, measurable, attainable, relevant/realistic, and time bound
When a company raises money from the public for the first time, it has this type of offering
What is an initial public offering?
What is a mission statement?
The amount of money used to run the day-to-day operations of a business.
Equal to Current Assets - Current Liabilities
What is working capital?
EOQ
What is "economic order quantity"?
businesses use this inventory to meet extra demand, governments use it to keep prices stable
What is Buffer Stock
What are internal sources of finance?
This type of business may be ideal for investors who care about the environment or their communities
What is a social enterprise?
All of the mental efforts, knowledge , and experience of employees
What is human capital?
Ltd
What is "Private Limited Company"?
(Revenue - Cost of sales) / Revenue X 100
What is Gross Profit Margin?