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Definition
| Expenses that have been incurred but not yet paid. |
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| Sales that have been made but not collected. |
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| Items of value owned by the business. |
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Definition
| A financial statement that shows what a business owns, what it owes, and how much it is worth at a particular point in time. |
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Definition
| The point at which the money from product sales equals the costs of making and distributing the product. |
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Term
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Definition
| A financial statement that shows the flow of money in and out of the business. |
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Definition
| Legal right to exclusive publication, production, sale, or distribution of a literary or artistic work. |
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Definition
| The dollar amount a company pays to purchase a product for resale. |
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Term
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Definition
| Cash or items of monetary value that can easily be converted to cash and that are used up by a business within one year. |
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Term
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Definition
| Financial obligations that will be repaid within one year. |
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Term
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Definition
| The comparison of current assets with current liabilities. |
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Term
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Definition
| Trends associated with the economy that can impact your business's sales. |
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Term
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Definition
| All costs associated with running a business except for the cost of goods sold. |
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Term
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Definition
| Items of monetary value that are not easily converted into cash. |
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Term
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Definition
| Business expenses that do not change month-to-month, but rather remain the same for a period of time. |
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Term
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Definition
| Customers' approval and support of a business. |
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Term
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Definition
| Net sales minus the cost of goods sold. |
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Term
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Definition
| The dollar amount of all sales, usually within a one-year period. |
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Term
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Definition
| A financial statement that shows the income, expenses, and profit/loss for the business over a period of time, usually a year. |
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Term
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Definition
| Monies due to the government. |
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Term
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Definition
| Items of value that the business owns that cannot be seen or touched. |
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Term
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Definition
| The quantities of goods and materials on hand. |
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Term
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Definition
| The debts owed by the business. |
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Term
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Definition
| Financial obligations that will take the business more than one year to repay. |
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Term
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Definition
| The percentage of a product/service that is sold in the total market for that product/service. |
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Term
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Definition
| A loan for purchasing a building and or land. |
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Term
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Definition
| The amount of money left after all costs and expenses have been deducted. |
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Term
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Definition
| Gross sales minus returned goods. |
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Term
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Definition
| The monetary value of the business; assets minus liabilities. |
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Term
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Definition
| Amounts owed for small loans. |
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Definition
| A legal document that gives an inventor the sole right to produce, use, and sell an invention. |
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Term
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Definition
| Placing a product in a certain market to get a desired customer response. |
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Definition
| A schedule or statement showing how and when the debt of a business is to be repaid. |
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Term
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Definition
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Term
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Definition
| An estimate of sales for a specified period. |
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Term
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Definition
| A goal assigned to a sales person for a specified period. |
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Term
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Definition
| An expression of any component of the income statement as a percentage of total sales. |
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Term
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Definition
| Assets that are used up in business operations. |
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Term
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Definition
| Federal, state, and local assessments that are owed to the government. |
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Term
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Definition
| A name, symbol, or special mark that, when registered, can be used only by a certain business. |
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Term
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Definition
| Business expenses that may change from month to month. |
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