Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
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
Normal Size Small Size show me how
vocab5 #2
vocab5 2
| Question | Answer |
|---|---|
| Liabilities | The debts owed by the business |
| Long-term liabilities | : Financial obligations that will take the business more than one year to repay. |
| Market share | The percentage of a product/service that is sold in the total market for that product/service. |
| Mortgage | A loan for purchasing a building and or land |
| Net income | The amount of money left after all costs and expenses have been deducted. |
| Net sales: | Gross sales minus returned goods |
| Net worth | The monetary value of the business; assets minus liabilities |
| Notes payable | Amounts owed for small loans |
| Patent | A legal document that gives an inventor the sole right to produce, use, and sell an invention |
| Product positioning | Placing a product in a certain market to get a desired customer response. |
| Repayment plan | A schedule or statement showing how and when the debt of a business is to be repaid |
| Salaries payable | Wages owed to employees |
| Sales forecast | An estimate of sales for a specified period |
| Sales quota | A goal assigned to a sales person for a specified period. |
| Sales ratio | An expression of any component of the income statement as a percentage of total sales. |
| Supplies: | Assets that are used up in business operations |
| Taxes | Federal, state, and local assessments that are owed to the government |
| Trademark: | A name, symbol, or special mark that, when registered, can be used only by a certain business. |
| Variable expenses | Business expenses that may change from month to month. |
Created by:
niyo
Popular Business sets