Balance Sheet
The value of something you own, like a house or shares in a company, after subtracting any debts or liabilities associated with it.
equity
Money coming into a business is called ________.
revenue
Financial instruments that represent ownership shares in a company, allowing investors to benefit from its profits through dividends and capital appreciation.
stocks
The effect that a specific event, policy, or activity has on the economy of a region or country.
economic impact
Equity, Liabilities, Assets
Can you rearrange these to make the equation correct?
________ = _______ + ________
Assets = liabilities + equity
Costs that are incurred by a business are called ________.
expenses
Fixed-income securities that allow investors to act like lenders, offering fixed payments without providing an ownership stake.
bonds
______ interest means earning interest not only on your initial investment (principal) but also on the accumulated interest from previous periods, essentially "interest on interest".
Compound
Accounts __________ represent money a business owes to suppliers or vendors for goods or services received.
[accounts] payable
Can you name four primary sources of revenue for professional sports teams?
broadcasting (or media rights), sponsorships, merchandise sales, ticketing
Cash and other assets that can be converted into cash immediately.
liquid assets
Non-profit institution owned by members collectively but offer less options for banking, retirement, and investments.
credit union
Accounts __________ represent money a business expects to receive from customers for goods or services provided.
[accounts] receivable
The primary expenses in professional sports are ______ and _______.
salaries and benefits
Cash and other assets that are expected to be converted to cash within one year.
Current assets
A way to measure or estimate the total dollars, jobs, and household income generated in an economy due to a new activity.
economic impact ANALYSIS
The net balance of cash moving into and out of a business at a specific point in time.
cash flow
The distribution of a portion of a company's earnings, decided by the board of directors, paid to a class of its shareholders. They can be issued as cash payments, as shares of stock, or other property.
dividends
In terms of finance, what makes the Green Bay Packers unique to the NFL?
non-profit organization, publicly owned, not one owner