column 1
statement of a business's assets, liabilities, etc...
Balance Sheet
Money provided by a bank or credit card institution that you can draw from to make business expenses.
What is Line of credit
a measure of financial performance calculated by dividing net income by shareholders' equity
What is return on equity
an asset that can easily be converted into cash in a short amount of time.
What is a liquid asset?
funds paid into a business by investors in exchange for common stock
What is equity capital
group of assets that a borrower or guarantor has pledged as security for a loan.
What is collateral?
an organizational tool; provides a breakdown of all financial transactions that a company conducted during a specific accounting period
what is a chart of accounts
state of a stock, bond, or other assets that cannot easily and readily be sold or exchanged for cash
What is an Illiquid asset?
borrowed funds that must be repaid at a later date.
What is debt capital
allows a business to obtain immediate capital or money based on the future income.
What is factoring
bills, coins, bank balances, money orders, and checks (listed first in the balance sheet)
What is cash
a tangible piece of property, plant or equipment
What is a fixed asset
financial statement that shows you the company's income
determines a company's working capital
What is a cash flow analysis
funds that customers owe your company for products or services that have been invoiced.
What are accounts recievable?