VOCABULARY
Money a company has available
Cash
A tax paid on the purchase of goods and services in Mexico
IVA
Tax applied to products you import or export
Tariff
¿What is the cost paid for a loan?
Simple interest
¿How many minutes are in a full week?
10,080
Money a company earns after expenses
Profit
¿What does SAT stand for?
Tax Administration Service
It is called the purchase of goods or services from a foreign country to use them in the national territory
Import
¿What is the report of summarizing the economic situation of a company?
Financial statement
¿What is the capital of Portugal?
Lisboa
A document requesting payment for goods or services
Invoice
¿Which tax did all individuals and businesses that generate income must pay?
ISR
Action of selling goods or services to other countries
Export
¿What means when your asset becomes cash without losing value?
Financial liquidity
¿Which planet is closest to the sun?
Mercury
Money paid to the government
Taxes
¿How often must individuals file their annual tax return in Mexico?
Every year in April
It is the exchange of goods and services between countries
Foreign trade
¿Which are the Indicators of financial statement?
Financial reasons
¿In what year did World War II end?
1945
A place where a company keeps its money
Bank account
¿What happens if you don’t pay taxes in Mexico?
You can receive fines and penalties
It is a method of transport for importing
Air
¿How do you say when you manage economic resources?
Finance
¿Who was the first woman to win a Nobel Prize?
Marie Curie