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Cash Flow Analysis
Budget & Financial Tools
Balance Sheet & Income Statement
Vocabulary
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100
Cash that flows into the firm minus cash that goes out of the firm.
What is CASH FLOW?
100
A financial document used to predict future income and expenses.
What is a BUDGET?
100
The state of a company's finances at a moment in time.
What is a BALANCE SHEET?
100
An asset with a physical presence
What is a FIXED ASSET?
100
To provide quality higher education and training which enable graduates to be successful throughout challenging and rewarding careers.
What is BAKER COLLEGE MISSION STATEMENT?
200
Delayed payments, bloated inventories, paying down debt.
What is BAD CASH FLOW?
200
Money a business receives in exchange for providing goods or services.
What is INCOME?
200
The formula for a Balance Sheet
What is ASSETS = LIABILITIES + EQUITY?
200
A liability that does not have to be paid in one year
What is a LONG-TERM LIABILITY?
200
A person who starts their own business
What is an ENTREPRENEUR?
300
Impulse spending during the start-up phase.
What is a START-UP MISTAKE?
300
A blank document or file with a preset format, especially useful for creating financial statements.
What is a TEMPLATE?
300
Assets such as cash
What are CURRENT ASSETS?
300
A measure of how easy it is to convert assets to cash
What is LIQUIDITY?
300
Money borrowed that must be repaid over a specific period of time at a specific interest rate
What is a LOAN?
400
A time difference between when the money goes out and when it comes in.
What is FLOAT?
400
A comparison of actual versus forecast.
What is DEVIATION ANALYSIS?
400
The focus of the Income Statement
What is PROFIT?
400
Investment in the business by the owners
What is a EQUITY?
400
A document that describes in detail how a business is going to achieve its goal
What is a BUSINESS PLAN?
500
An examination of the best- and worst-case cash flow scenarios.
What is SENSITIVITY ANALYSIS?
500
A tool for estimating when a business's income exceeds its expenses.
What is BREAK-EVEN ANALYSIS?
500
A term describing estimates of what the Balance Sheets and Income Statements will look like in the future.
What is PRO FORMA?
500
When a firm's cost equals its sales
What is BREAKEVEN?
500
The ongoing case in your textbook that details starting a health care business
What is FRIENDS' HOME HEALTH?