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Finance
Question | Answer |
---|---|
Start up Costs | Pre-opening, one time cost required to start a new business. |
Personal Sources of Financing | Personal Savings, Friends and Family, Personal Loan, Bartering, etc. |
Business Sources of Financing | Business Associates, Suppliers, Prospective employees, etc. |
Angel Investors | Less Likely to seek control, Interested in "local" activities, want out of business in 3-7 years, High Net Worth Individuals. |
Venture Capital | Primarily in the U.S, Take high risks, want high rewards, more long term. |
Assets | a physical object or right that has a monetary value. |
Current Assets | assets expected to be used, sold, or realized in cash within one year. |
Long-Term Assets | tangible assets that are of a permanent or relatively fixed nature. |
Liabilities | debts owed by the business |
Current Liabilities | debts payable within one year |
Long-term Liabilites | Future debts payable beyond the current year |
Equity | Owner's claim against assets after the liabilities have been deducted |