The financial statement that is based on the accounting equation.
What is the balance sheet?
100
The main two types of cost in accounting?
What is variable and fixed cost?
100
A dollar today is worth more than a dollar tomorrow.
What is time value of money?
100
The accounting equation
What is assets = liabilities + equity
100
activity of buying, selling, or exchanging goods or services
What is trade?
200
Includes all revenues and is reduced by all expenses
What is the income statement?
200
Sales Revenue - Variable cost =
What is Contribution margin?
200
A type of liability that is interest baring.
What is debt?
200
money owed by a company to its creditors.
What is accounts payable or liability?
200
the loss of potential gain from other alternatives when one alternative is chosen.
What is opportunity cost?
300
Revenue minus Cost of Goods Sold
What is Gross Profit
300
Sales Revenue - Variable Cost - Fixed Cost =
What is Operating Income?
300
A market where a new stock or bond is sold for the first time.
What is the primary market?
300
money owed to a company by its debtors.
What is accounts receivable?
300
The 4Ps of marketing include
What is Product, Price, Place, Promotion?
400
shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities
What is the statement of cash flows?
400
sales per unit - variable cost per unit =
What is contribution margin per unit?
400
Earnings before interest, taxes, depreciation, and amortization.
What is EBITDA?
400
The indirect costs or fixed expenses of operating a business (that is, the costs not directly related to the manufacture of a product or delivery of a service) that range from rent to administrative costs to marketing costs
What is overhead cost?
400
a document setting out a business's future objectives and strategies for achieving them.
What is a business plan?
500
The kind of asset that serves to reduce the value of total assets.
What is a contra-asset?
500
beginning inventory + the cost of goods purchased or manufactured = cost of goods available – ending inventory
What is cost of goods sold?
500
Debt, Equity, and derivative
What are the three type of securities?
500
Retained earnings and Paid in Capital make up this