1. SBE 5.01
SBE 5.01
SBE 5.01
SBE 5.01
SBE 5.01
1pt
1 pt
1 pt
1pt
1 pt
2 pt
2 pt
2pt
2pt
2 pt
3 pt
3 pt
3 pt
3 pt
3 pt
4 pt
4 pt
4pt
4 pt
4pt
5pt
5 pt
5 pt
5 pt
5 pt

2. Expenses that have been incurred but not yet paid.

3. Accounts payable:

4. : Sales that have been made but not collected.

5. Accounts receivable

6. Items of value owned by the business.

7. Assets:

8. A financial statement that shows what a business owns, what it owes, and how much it is worth at a particular point in time.

9. Balance sheet:

10. Legal right to exclusive publication, production, sale, or distribution of a literary or artistic work.

11. Copyright:

12. The dollar amount a company pays to purchase a product for resale.

13. Cost of goods sold:

14. Cash or items of monetary value that can easily be converted to cash and that are used up by a business within one year.

15. Current assets:

16. Financial obligations that will be repaid within one year.

17. Current liabilities:

18. All costs associated with running a business except for the cost of goods sold.

19. Expenses:

20. Items of monetary value that are not easily converted into cash.

21. Fixed assets:

22. Business expenses that do not change month-to-month, but rather remain the same for a period of time.

23. Fixed expenses:

24. Customers' approval and support of a business.

25. Goodwill:

26. The dollar amount of all sales, usually within a one-year period.

27. Gross sales:

28. : A financial statement that shows the income, expenses, and profit/loss for the business over a period of time, usually a year.

29. Income statement

30. Monies due to the government

31. Income taxes payable:

32. Items of value that the business owns that cannot be seen or touched.

33. Intangible assets:

34. . The quantities of goods and materials on hand.

35. Inventory:

36. . The debts owed by the business

37. Liabilities:

38. . Financial obligations that will take the business more than one year to repay.

39. Long-term liabilities:

40. A loan for purchasing a building and or land

41. Mortgage:

42. The amount of money left after all costs and expenses have been deducted.

43. Net income:

44. Gross sales minus returned goods.

45. Net sales:

46. The monetary value of the business; assets minus liabilities.

47. Net worth:

48. Amounts owed for small loans.

49. Notes payable:

50. A legal document that gives an inventor the sole right to produce, use, and sell an invention.

51. Patent: