chapter 7 ent

A category of expenditure that a business incurs as a result of performing its normal business operations are called start up cost.

Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses.

what is the debt to equity ratio if you own $100,000 worth of assets and you owe $10000

What is not a start up cost

A balance sheet account that represents the value of all assets that can reasonably expected to be converted into cash within one year. Current assets include cash and cash equivalents, accounts receivable, inventory, marketable securities, prepaid expenses and other liquid assets that can be readily converted to cash.

Revenue is:

debt capitol is money invested in a business in return for a share in the profits of the business

Which is not an asset:

transaction are any business activity that changes assets, liabilities or net worth

Gross profit is a company's total revenue (equivalent to total sales) minus the cost of goods sold.

A cash register is a good example of a

Expenses incurred every month are :

Incomplete records can not cause you to mismanage your business.

The lower your debt to equity ratio, the more likely

expenses you incur when you are first opening a business are:

Good record keeping can help you make smart business decisions.

Lenders prefer low debt-to-equity ratios

assets =

cash flow is:

the property used in a secured loan is also known as

A loan that requires collateral is an example of a(n)

cash accounting method is an example of revenue that is recorded when the sale occurs and expenses are recorded when you receive the goods or services

equity capitol money invested in a business in return for a share in the profits of the business

Net worth is

An involuntary fee levied on corporations or individuals that is enforced by a level of government in order to finance government activities are called.