Computer Hardware
This element of the computer is considered "the brains."
Central Processing Unit (CPU)
This software allows users to enter, store, revise, and print text.
Word Processing
This general term describes software intended to damage or disable computer systems.
Malware
These are defined as everything a business owns.
Assets
Revenue minus Cost equals this.
Profit (or Loss)
This physical part of the computer is used for short-term memory storage.
RAM
This software formats data in columns and rows in order to do calculations.
Spreadsheet (e.g., Excel)
This type of malware misrepresents itself as useful or interesting to persuade a victim to install it.
Trojan Horse
These are defined as everything a business owes to others.
Liabilities
If a company has $1M in assets and $850k in liabilities, they have this much equity.
$150,000
This is the physical part of a computer, whereas software is the set of instructions.
Hardware
This system allows humans to create product designs digitally before building a physical model.
Computer-Aided Design (CAD)
This is a scam in which an email pretends to be from a bank to trick you into giving personal info.
Phishing
This represents the value of the owner's investment in the business.
Owner's Equity
This ratio indicates if a business can pay its debts when they come due.
Current Ratio
This type of computer memory is used for long-term storage of data.
Hard Drive
This software organizes a collection of information with data items related to one another.
Database
This is the term for junk email or unwanted email advertisements.
Spam
These financial statement shows the LIQUIDITY
Cash Flow Statement
This ratio shows the rate of return owners are getting on the money they invested.
Return on Equity
These are devices like keyboards and mice that send data into the CPU.
Input Devices
This type of software enables computers to reason, learn, and make decisions independently.
Artificial Intelligence (AI)
This type of malware replicates itself by attaching to other programs already installed.
Computer Virus
Accounting Equation is
Assets= Liabilities + Owner's Equity
How much emergency savings should you have set aside
3-6 months