Revenue & Expenses
Money earned or received
Revenue
provide detailed plans for the financial needs of businesses, families, and individuals
Budget
Any document that tracks income, expenses, savings, and financial transactions.
Financial record
the process of paying employees for their work, including calculating wages and deducting taxes.
Payroll
What college did Caitlin Clark play for?
Money spent on needs and wants
expenses
A financial plan for launching a business.
Start-up budget
Revenue or expense: Bank Statement for deposit of $500 to a savings account
Revenue
What is the correct formula for calculating net pay?
Net pay = Gross pay - cost of deductions & taxes
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A gym membership, college tuition, and a plane ticket are all examples of:
EXPENSES
A budget for the day-to-day costs of running a business.
Operating budget
Most businesses today organize their financial records _________, using advanced applications for their many financial records.
Digitally
____________ electronically transfers money to your bank, while paper checks need to be cashed or deposited manually.
Direct Deposit
Which band released the song Thunderstruck?
AC/DC
What is the formula for net profit?
Revenue - Expenses = Net Profit
A plan for managing cash inflows (income) and outflows (expenses)
Revenue or Expense: Monthly charge for your gym membership
Expense
If you get paid this month on March 14th and 28th, what is the pay period?
Biweekly
What is the plastic end of your shoelace called?
Aglet
If revenue and expenses are equal to each other, what will net profit be?
ZERO
refers to the practice of using historical data and current market trends to make educated predictions about future business conditions and outcomes
Forecasting
Is a "For Sale" sign on a house an example of a financial record?
No
Social Security deducts ____% from your gross pay and Medicare deducts ____% from your gross pay.
6.2%, 1.45%
What is the name of the school that students attends in Harry Potter?
Hogwarts