Row - A
The total earnings paid to an employee after payroll taxes and other deductions
Net Pay
planning, recording, analyzing, and interpreting financial information
Accounting
when total expenses (including taxes, fees, interest, and depreciation) exceed the income or revenue produced for a given period of time
Net Loss
the amount an individual or business makes after deducting costs, allowances and taxes
Net Income
an amount owed by a business
Liability
the account used to summarize the owners equity in a business
Capital
the length of time for which a business summarizes and reports financial information
Fiscal Period
the revenue remaining after cost of merchandise sold has been deducted
Gross Profit on Sales
cash and other assets expected to be exchanged for cash or consumed within a year
Current Assets
cost of merchandise sold
Cost of Goods Sold
the amount remaining after the value of all liabilities is subtracted from the value of all assets
the price a business pays for goods it purchases to sell
Cost of Merchandise
earnings distributed to stock holders
Dividends
a financial statement that reports assets, liabilities, and owners equity a specific date
Balance Sheet
the series of accounting activities included in recording financial information for a fiscal period
Accounting Cycle
a list of accounts used by a business
Chart of Accounts
a comparison between two items of financial information
Financial Ratio
financial reports that summarize the financial conditions and operations of a business
Financial Statements
an account that reduces a related account on a financial statement
Contra Accounts
the recording of debit and credit parts of a transaction
Double - Entry Accounting
this ratio measures a companies ability to pay short-term obligations
Current Ratio
this ratio measures the extent of a companies leverage
Debt Ratio
the equation for asset turnover ratio is
Net sales / Average total assets
this ratio shows how much profit a company makes after paying off its Cost of Goods Sold
Gross margin ratio
the equation for Dividend yield ratio is
Dividend per share / Share price