AR ADV SS UNIT 8 Word Scramble
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| Question | Answer |
| Amortization schedule | A file with details about each loan payment, specifying how much of the payment is devoted toward interest and how much toward repaying the principal |
| Balance sheet | A file that shows what the company owns and how its assets are financed |
| Cash flow | The movement of cash assets into or out of an account |
| Cash inflow | Cash coming into a business from revenue |
| Cash outflow | Cash paid out of a business |
| Cost of goods sold | Any costs directly related to production of a tangible item |
| Declining balance depreciation | Depreciation of an asset by a constant percentage each year rather than a constant amount |
| Dependent cell | A cell whose value depends on the value of other cells |
| Depreciation | The process of allocating the original cost of the investment over the years of use |
| Discount rate | Time value of money, quoted as a percentage to indicate the value of future dollars |
| Error indicator | A green triangle in the upper-left corner of a cell that contains an error or potential error |
| Extrapolate | To calculate a series of values from a starting point without a defined ending point |
| FV function | The financial function to calculate the future value of an investment or loan |
| Gross profit | The difference between the company's sales revenue and the cost of goods sold |
| Growth trend | When values change not by a constant percentage; when plotted, a growth trend appears as a curve with the greatest increases occurring near the end of the series |
| Income statement | A file that shows how much money a business makes or losses over a specified period of time |
| Internal rate or return (IRR) | The point at which the net present value of an investment equals zero |
| Interpolate | To fill in missing values when you know the beginning and the ending values in a series and the series trend |
| Linear trend | When values change by a constant amount; when plotted, a linear trend appears as a straight line |
| Negative cash flow | The movement of cash assets out of an account |
| Net income | Income after all expenses and taxes have been paid |
| Net present value | The current value of all the cash inflows and outflows in an investment adjusted by the time value of money |
| NPER function | The financial function to calculate the number of payment periods in an investment or loan |
| Payback period | The length of time required for an investment to recover its initial cost |
| PMT function | The financial function to calculate the amount paid into an investment or loan during each payment period |
| Positive cash flow | The movement of cash assets into an account, also called cash inflow |
| Precedent cell | A cell whose value is used to calculate the active cell's value |
| Profit and loss statement | A file that shows how much money a business makes or losses over a specified period of time |
| PV function | The financial function to calculate the present value of an investment or loan |
| Tangible asset | A long lasting material asset not intended for sale, such as equipment, land, buildings and delivery trucks |
| RATE function | The financial function to calculate the interest rate charged or received during each payment period |
| Rate of return | The time value of money, also known as the discount rate |
| Risk | The possibility that an entire transaction will fail, resulting in a loss of the initial investment |
| Time value of money | The assumption that money received today is worth more than the same amount received later |
| Tracer arrow | An arrow that provides visual clues to the relationship between two cells by pointing from the precedent cell to the dependent cell |
| Salvage value | The value of an asset at the end of its useful life |
| Straight-Line Depreciation | Depreciation of an asset by equal amounts each year of its lifetime until it reaches the salvage value |
Created by:
Jame Pearce
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