Front

Accounts receivable

Back

Money owed to a company by its debtors.

Front

Accounts payable

Back

Money owed by a company to its creditors.

Front

Asset

Back

An economic resource that is expected to provide future benefit. ex. property, cars, investments

Front

Balance sheet

Back

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time.

Front

Beverage cost percentage

Back

A metric used to measure the cost of beverages sold as a percentage of total sales. Average 20%-30%

Front

Cash flow statement

Back

A financial statement that shows the inflow and outflow of cash within a company.

Front

Controllable Expense

Back

Costs that can be influenced or controlled by management. ex. rent

Front

Debt

Back

Money that is borrowed and must be repaid.

Front

Equity

Back

The value of an owner's interest in a property or business, after all liabilities have been deducted.

Front

Expenses

Back

The economic costs that a business incurs through its operations to earn revenue. ex. rent, food, labor