Entrepreneurs pay for these expenses once, at the beginning of a business, and often include things like equipment, the initial lease for the building, goods to sell, and utility hookups.
Biz Innovator Startup - Crunching the Numbers

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Business
•
9th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Start Up Costs
2.
FLASHCARD QUESTION
Front
These expenses are paid regularly, and often includes things like payroll, rent, inventory, and marketing.
Back
On Going Costs
3.
FLASHCARD QUESTION
Front
This process is used to plan for upcoming revenues and expenses.
Back
Budgeting
4.
FLASHCARD QUESTION
Front
Net profit or loss is shown on this financial document: Income Statement, Cash-Flow Plan, Balance Sheet, Equity Statement.
Back
Income Statement
5.
FLASHCARD QUESTION
Front
The amount, or percentage, added to the costs of a product to arrive at the selling price.
Back
Mark Up
6.
FLASHCARD QUESTION
Front
A ratio that compares the gain or loss from an investment relative to its cost.
Back
ROI
7.
FLASHCARD QUESTION
Front
A financial document that explains how cash is being used during a period of time.
Back
Cash-Flow Statement
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