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13 Cards in this Set
- Front
- Back
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Bank overdraft |
Whenthe bank allows business to spend more than they have (with a limit) |
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Trade Credit/Creditors |
People that owe money to the business but had an assigned period of time to pay back |
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Bank loan |
An amount of money loaned at interest by a bank to a borrower |
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Factoring |
Sellsdebtors debtto the back (works with creditors) |
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Debt |
Money that is owed or due. |
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Mortage |
Is used by purchasers of real property to raise money to buy the property to be purchased or by existing property owners to raise funds for any purpose. The loan is "secured" on the borrower's property. Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property |
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Budget |
Howmuch money you save and how much money you plan to receive - Variance analysis •Favourable •Adverse |
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Cash Flow |
The total amount of money being transferred into and out of a business, especially as affecting liquidity. |
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Profit and Loss account |
A financial statement showing a company's net profit or loss in a given period. |
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Straight Line |
(Depreciation) by dividing the difference between an asset's cost and its expected salvage value by the number of years it is expected to be used. |
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Depreciation |
A reduction in the value of an asset with the passage of time, due in particular to wear and tear. |
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SWOT |
A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically SWOT is a basic, straightforward model that assesses what an organization can and cannot do as well as its potential opportunities and threats. |
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PEST |
Acronym for Political, Economic, Social and Technological factors, which are used to assess the market for a business or organizational unit. |
