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