Front

Accounts Receivable

Back

Money owed to a company by its customers for goods or services delivered.

Front

Role of Expenses in Income Statement

Back

Expenses reduce the total income to calculate net income.

Front

Example of Expenses

Back

Insurance and utilities.

Front

Financial Planning Tool

Back

Cash flow analysis serves as a critical tool for planning.

Front

A higher ROI indicates a more profitable investment.

Back

Front

Company Sign

Back

A physical sign displaying the business name and logo.

Front

One-time expense: Equipment

Back

The cost of purchasing necessary tools and machinery for business operations.

Front

Example of a one-time expense

Back

Purchasing equipment for a new office.

Front

Example of an ongoing expense

Back

Monthly utility bills for office operations.

Front

Role of Operating Budget

Back

Assists in financial planning and goal setting.