Financial Statements
Financial Statement that shows revenues and expenses for a period.
What is the Income Statement?
Costs that do not change with production.
What are Fixed Costs?
A share of ownership in a company.
What is a stock?
What is the primary goal of a business?
To Maximize profits
How many continents are there?
What is 7?
Financial Statement that reports assets, liabilities, and equity at a specific date.
What is the Balance Sheet?
This is the additional cost incurred by producing one more unit.
What is marginal cost?
A loan made to a company or government that pays interest.
What is a bond?
This term refers to the total money a company earns before expenses.
What is revenue?
What is the capital of Canada?
What is Ottawa?
Financial Statement that explains cash inflows and outflows.
What is the Statement of Cash Flows?
This occurs when revenue equals total costs.
What is Break-Even Point?
The interest rate that you use to compare different loans with different characteristics.
What is annual percentage rate (APR)?
The study of how people make choices to satisfy their needs and wants is known as:
Economics
What is the only planet in our solar system not named after a Roman or Greek god?
What is Earth?
Type of income statement that calculates net income by separating operating revenues and expenses from non-operating items.
What is a two-step or multi-step income statement?
Sales minus variable costs equals this margin
What is Contribution Margin?
A type of interest that grows not only on the principal but also on all accumulated interest over time.
What is compound interest?
In a SWOT analysis, what does the "T" stand for?
Threats
What is the largest ocean on Earth?
What is the Pacific Ocean?
On a cash flow statement, dividends paid during the year are found under this activity.
What is a Financing Activity?
This decision-making concept means ignoring costs that have already been incurred and cannot be changed.
What are sunk costs?
This government agency guarantees your deposits in a bank up to $250,000.
What is the FDIC?
What is the term for the funds used to start and operate a business?
Captial
What is the hardest natural substance on Earth?
What is diamond?