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11 Cards in this Set
- Front
- Back
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Capital
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money needed to establish a business, tools, equipment, and factories used to make goods and perform services
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Start-up capital
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money required to start a business
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Start-up costs
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costs or fees involved in establishing a business
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Operating capital
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amount of capital needed to operate
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Financial forecasting
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process of eliminating a business’s operating capital
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Projected financial statements
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reports that predict the financial position of a business in the months and years to come
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Gross profit on sales
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profit made from selling merchandise before operating expenses and deducted
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Fixed expenses
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expenses that remain the same regardless of business activity
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Variable expenses
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expenses that may change
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Reserve capital
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money set aside for unexpected costs or opportunities
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Charts of accounts
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a list of general ledger accounts that a business will use
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