Critical Number
Financial Literacy
"Higher Laws"
Income Statement
100

This term describes something that most affects a companies success of failure for the coming fiscal year. 

What is a Critical Number?

100

This is KING when it comes to finances.

What is Cash?

100

You Gotta ....

What is wanna.

100

This is the income generated from normal business operations.

What is revenue?

200

Our financial based Critical Number.

What is profit before taxes of 3 million dollars?

200

This is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. 

What is an asset?

200

Its easy to stop one guy, but it's .....

What is pretty hard to stop 100.
200

This refers to the direct costs of producing the goods or providing a service by a company.  

What is Cost of Goods Sold? (COGS)

300

Our non-financial based Critical Number?

What is Patient Care?

300

This document primarily focuses on the company’s revenues and expenses during a particular period of time.

What is an income statement?

300

When you raise the bottom, the ...

What is top rises?

300

Rent is placed in this category of the income statement.

What is expenses?

400

The dollar amount of profit before taxes we need to make a month to meet our Critical Number of 3 million dollars?

What is $250,000?

400

This is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time.

What is a Balance Sheet?

400

When people set their own targets, they ....

What is usually hit them?

400

At 1st Pet we consider this the bottom line.

What is Profit Before Taxes. (Net Ordinary Income)

500

The current level of the employee stake in the outcome pot after our first month of the new fiscal year. (December 2020)

What is $167,698?

500

Assets = Liabilities +?

What is equity?

500

When you appeal to the highest level of thinking, you get the ...

What is highest level of performance?

500

Income - COGS - Team Member Costs = ?

What is staff expense loaded gross profit?