4.1
The income statement 2nd name.
What is Profit and Loss? (P&L)
4.2 -- True or False: Equity is calculated by subtracting company liabilities from its assets.
What is true?
4.4 -- Equity is the compilation of..
(3 answers)
What is shareholder funds, financial reserves, and retained earnings that are invested in a company?
Two advantages of Angel Investors.
What is debt-free financing and an angel's business experience?
True or False: Bad credit can cripple a business.
What is true?
The four major reports that go into the financial statement.
What is Income Statement, Balance Sheet, Cash Flow Statement, and Equity Statement?
4.2 -- The four major sections of a typical balance sheet arranged in their specific order.
What is Assets, Liabilities, Equity, and Total Assets?
4.4 -- The many (5) forms of Equity.
What is Statement of an Owner's Equity, Statement of Partners' Equity, Statement of Changes in Stockholders' Equity, Statement of Changes in Equity, and Statement of Retained Earnings?
A disadvantage of Venture Capital.
A term that applies to the credit worthiness of governments, corporations, and businesses.
What is Credit Rating?
The Gross Profit formula.
What is Sales Revenue - Cost of Goods Sold?
4.3 -- The definition of positive cash flow and negative cash flow.
Positive Cash Flow: What is money coming into the company?
Negative Cash Flow: What is money flowing out of a company?
4.5 -- The formula of Increased Revenue.
What is Total Revenue (TR) = Total Cost (TC)
Ex: $120,000 = $120,000
The description of Small Business Administration (SBA).
What is the SBA provides funds for loans administered by a bank, credit union, or other financial institution?
A business considered low risk for banks.
What is a business with a positive or strong credit?
The Net Income formula.
What is Gross Profit - Operating Expenses - Taxes?
4.3 -- Cash flow statement: the calculation for the break-even point.
What is Total Revenue (TR) = Total Cost (TC)?
4.5 -- What Smart Cup passes to make money.
What is break-even point?
Affordable Care Act signed.
What is signed into law in 2010?
Disadvantage of negative business credit rating.
What is a low or weak credit rating can indicate that a company is a high-risk browser with strong potential to default on their loan?
What the simple Income Statement looks like.
Revenue: 560,000
-
Expenses: 233,500
----------------------------
Gross Profit: 326,500
-
Taxes: 5,000
------------------------------
Net Income: 321,500
4.3 -- Cash Flow Statement: The total cost and total variable cost made of.
Total Cost: What is Price ($) x Units Sold (#) = Total Fixed Costs?
Total Variable Costs: What is Total Fixed Costs + Total Variable Costs?
4.5 -- Two ways Smart Cup passes the break-even point.
What is increase revenue or decrease costs?
Formula for Return on Investment (ROI).
What is ROI = Gain on Investment - Cost of Investment divided by Cost of Investment?
A business' vendors might not give them trade credit if their credit rating is poor.
What is can affect a company's ability to stay in business long-term.