Entrepreneurship Financial Planning Review

Money loaned that will be repaid, with interest, in a certain time period

Determining the number of units or services that need to be sold to cover costs

One-time-only expenses that are paid to establish a business

Net operating cash flow = Cash Disbursements - Cash Receipts

Property that the borrower forfeits if he or she defaults on the loan

Financial statements based on projections are pro forma financial statements

Financial statements based on projections

Which is NOT an example of a start-up costs

Which of the following is considered a fixed expense?

Individuals or companies that make a living investing in start-up companies

There are_________ financial statements in a financial plan.

The accounting equation is

Items of value OWNED by a business

Money invested in a business in return for a share in the business's profits

Expenses that are involved in the operation of a business.