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Business- Entrepreneurship Chapter 19- Financing Flashcards | StudBud
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Business- Entrepreneurship Chapter 19- Financing
Business- Entrepreneurship Chapter 19- Financing
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Glencoe Chapter 19 Entrepreneurship Text- Financing
Flashcards
21 cards
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Questions
21
Answers
1
Something your company owns that can provide future economic benefits like cash or inventory
Liability
Debt
Credit
Asset/s
2
A reduction in the value of an asset with the passage of time, due to wear and tear.
Annuity
Accrual
Depreciation
Expenses
3
Operating as frugally as possible- with your own money
Assets
Liabilities
Bootstrapping
Investing
4
Assets on the left and liabilities and ownership equity, on the right.
Credit card
Pro Forma
Debit Card
Balance Sheet
5
Trade accounts payable, accrued expenses, taxes payable, dividends payable, etc.
Short term liabilities
Long term liabilities
Equity
Income
6
What are "contingency funds"?
extra money saved and used for extra profit or extra vacations and boats
extra money used only for unforeseen business expenses (emergencies)
Debts
Liabilities
7
Ownership in a business
Equity
Profit
Balance Sheet
Loss
8
Collateral
Liability of assets and money
Equity
Security in the form of assets that is pledged to a lender
Debts and money owed
9
What are government-chartered MESBICs?
EPA-related
Minority Enterprise Small Business Investment Companies or Corporations
Liabilities
FDA-related
10
Pro Forma
Assets
Collateral
Estimated financial statement
Estimated financial liability
11
Bankers consider the "Five C's" before giving a business loan: character, capacity, capital, collateral & conditions.
False
True
12
Financial obligations of a company over time.
Pro Forma
Long term liabilities
Short term liabilities
Balance Sheet
13
Long-term tangible piece of property that a firm owns, & uses in its operations, land &building
GDP
Fixed Assets
Current Assets
Fixed Liability
14
Due Diligence
Late financial statements
Overdue bills that must be paid
Always updating and changing your assets
Investigation and analysis before making a business decision
15
Private Investor
Start-up
Capitalism
Angel
Communism
16
When an investor invests capital on a startup company in exchange for an equity, it is...
Seed Money
Income
Liabilities
Expenses
17
A financial statement is one based on certain assumptions and projections.
Assets
Liability
Balance Sheet
Pro Forma
18
Debt Capital
Money raised by taking out loans
Current and Past Assets
Fixed Assets
Liability Capital
19
Your company's obligations, money that must be paid later.
Competition
Income
Equity
Liability
20
Line of Credit
Long term asset
Lender agrees to give a certain amount of assets
Current Asset
Lender agrees to lend up to a certain amount
21
The steadfastness in doing something despite difficulty or delay in achieving success.
Pride
Perseverance
Behavior
Attitude
