Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Unit 4 vocab

Unit 4 Managment vocab

Assets Items of value owned by a business.
Balance sheet a financial statement that lists what a business own, what it owes, and how much it is worth at a particular point in time.
Break-even point volume of sales that must be made to cover all the expenses of a business.
cash flow statement an accounting report that describes the cash that flows in and out of a business.
Check register a book in which one records the dates, amounts, and the names of people to whom check have been written.
Collateral property the owner forfeits if he or she defaults on a loan.
cost of goods sold the cost of the inventory a business sells during a particular period.
Debt capital money loaned to a business with the understanding that the money will be repaid, with interest, in a certain time period.
equity capital money invested in a business in return for a share of the business's profits.
fixed costs fees that must be paid regardless of how much of a good or service is produced.
general journal used to record any kind of transaction.
General ledger used to post items that are recorded in journals; ledgers separate transactions by account, allowing business.
Gross profit profit before operating expenses are deducted.
Gross sales the dollar amount of all sales, including returns.
Income Statement a financial statement that shows a business's revenue,expense, and profit over a period of time, usually a year.
Interest an amount charged for borrowing money
inventory the stock of goods a business has for sale.
Journals accounting record of the business transactions made.
Liability money owed to others.
Marginal Benefit a measurement of the advantages of producing one additional unit of a good or service.
Markdown an amount deducted from the retail price to determine the sales price.
Mark-up an amount added to the cost to determine the sales price.
Net profit before taxes the amount remaining after costs of goods sold and operating expense are subtracted from sales
Net sales the dollar amount of all sales after returns have been subtracted.
operating expenses the expenses necessary to operate a business.
owner's equity the difference between assets and liability
periodic inventory method involves taking a physical inventory of the merchandise.
Perpetual inventory method keeps track of inventory levels on a daily basis, using stock cards or a computer.
Principle amount of money borrowed in a loan.
rate of interest the percent that is the basis for interest earned or paid.
reorder point a predetermined level of inventory when new stock must be purchased
sales the dollar value of the goods and service a business gives to customers over a certain period of time.
term number of years of which a loan is extended.
variable costs costs that go up and down depending on the quantity of the good or service produced.
venture capitalists individuals or companies that make a profit investing in startup companies.
Created by: jmacy01
Popular Management sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards