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Business Start
Financial Forms
Financial Forms
Loans & Capital
Business Risk
100
Computers, cash register, printers
What are start-up costs?
100
Assets = liabilities + owner's equity
What is the accounting equation?
100
Estimated cash flow statement.
What is a pro-forma cash flow statement?
100
A house, a car, an apartment, a boat, a motorcycle
What is collateral?
100
Attached to collateral
What is a guaranteed loan?
200
Resources owned by a business.
What is an asset?
200
The value of an asset to reflect its current value.
What is depreciation?
200
The amount which revenues exceeds expenses.
What is net income?
200
A sloppily written business plan.
What is a reason to reject a loan application?
200
Push button, 2-way mirrors, closed-circuit tv
What is theft prevention?
300
A financial statement that reports the assets and claims to those assets at a specific point in time.
What is a balance sheet?
300
Obligations that a company expects to pay after one year.
What is a long-term liability?
300
Friends and family
What is the best source of equity financing?
300
Crime, natural disasters, accidents.
What is pure risk?
400
The owner's claim on total assets.
What is stockholder's equity?
400
A financial statement that provides financial information about cash receipts and cash payments of a business for a specific period of time.
What is a cash flow statement?
400
The firm's debts -- i.e., borrowed money it owes to others that must be repaid.
What are liabilities?
400
Cash flow statement, income statement, balance sheet, personal financial statement.
What are the required financial documents to show for a loan?
400
Held liable for a customer's fall on a wet floor.
What is negligence?
500
Cost reduction made possible by spreading costs over a larger volume.
What is economies of scale?
500
Cash and other resources that companies reasonably expect to convert to cash or use up within one year or the operating cycle, whichever is longer.
What is a current asset?
500
Money to be repaid with interest and a payment plan.
What is debt capital?
500
Property insurance, casualty insurance, workers' compensation.
What is risk transfer?