Home Library Explore SAT

Home Library Explore SAT

Chapter 5 vocabulary words quick quiz Flashcards | StudBud

Explore/Chapter 5 vocabulary words quick quiz

Chapter 5 vocabulary words quick quiz

10 terms·StudBud Administration·100 plays

TSWBAT- recognize the vocabulary words and define each term.

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
What is capital?
Money ued to buy a cell phone company
Money used to open an account
Homes that are bought with cash
cash or financial assets held by a business
2
What are fixed expenses?
Expeses that change every month
Expenses that stay the same each month
Expenses that change every year.
Expenses that change on a quartely basis
3
What's meant by gross profit on sales?
Revenue divided by wealth
Revenue multiplied by the wealth
Revenue added to the expenses
Revenue minus expenses
4
Why do company use projected financial statements?
Management uses it to fix the company problems
Management uses it to purchase new equipment
Management uses it to prepare for future spending
Manage my home account
5
What is reserve capital in a business?
Money for college
Money set aside for emergencies
Money used to pay a car note
Money used to go to Europe
6
What is start up capital?
Money used to purchase a house
Money earned to buy a car
Money you spent at the movies
Money used to start a business
7
What are expenses that change each month?
Variable Expenses
Repair expenses
Marketing expenses
Car expenses
8
A chart of account in used by who?
Acountants and bookkeepers
Salesmans and doctors
Bankers and Cashiers
Teachers and Lawyers
9
Why do we use financial forecasting?
A process to eliminate debt
A process that enable you to plan for future expenses.
A process to check the weather
A guide to help you spend your money faster
10
Which defines operating capital?
The cash used to start a business
The cash used to buy a new home
The cash used for daily operations in a company.
The capital used to invest in a company