Documents
What is a document called ewhen goods are sold on credit
=An Invioce
What is the profit margin?
The difference between the selling price and the cost price of a product.
Fill in the blank : Assets = Libities + ???? .
Owners Equity
What is a cash book?
A record of money received and spent.
20,000 in assets and 15,679 in liabilities, whats the difference?
4,321 - must be CORRECT
A document showing money recieved by a buisness, what is it?
A reciept
What is market research?
When a business studies customers to learn what products they want.
What is a target market?
The group of people a business aims to sell its products to.
What is human resources?
the process of hiring and managing employees.
What is a sole trader?
A business owned and run by one person.
What is the document that is used often to record wages in which the employer can open it
Payslip
What is profitability?
The ability of a business to make enough money to continue operating successfully.
What is a retailer?
A business that sells products directly to consumers.
What is sales growth?
A business goal focused on increasing the number of products sold.
What is marketing
The process of promoting and selling products.
What is a credit Note?
a document that tells the customer that there amount that they owe has recuced
What is a balance sheet?
A financial report showing what a business owns, owes, and is worth at a specific date.
What are expenses?
The money spent to run a business.
What is owner's equity?
The total value of everything a business owns minus what it owes.
What is 'price'
The amount charged for a product or service.
207,000 in assets and 157,000 in libilities whats the difference?
50,000
What is risk management?
The process of identifying, assessing, and reducing threats to a business.
If a business has 80,000 in assets and 25,000 in libilites, what is owners equity?
55,000 $
What is GST
The money borrowed by a business from a bank. OR
Goods and Services Tax
What is the break-even point
The point where total revenue equals total costs.