Agribusiness terms 1

all debt obligations

• loan

• liability

• receipts

• appraisal

assets that are not used or sold during the next accounting period

• current assets

• noncurrent assets

• short term assets

• long term assets

assets that are used or sold during the next accounting period

• current assets

• noncurrent assets

• short term assets

• long term assets

debt due within one year

• short term loam

• current liabiliy

• long term loan

• noncurrent liability

debt due over a period greater than one year

• current liability

• noncurrent liability

• current loan

• noncurrent loan

expense that does not change with an increase or decrease of number of goods or products sold

• equity

• net worth statement

• enterprise budget

• fixed cost

expense that changes with an increase or decrease in the number of goods or services produced or sold

• fixed cost

• variable cost

• current cost

• solvent cost

the value that would be returned to a company's shareholders if all of the assets were liquidated

• asset/liability ratio

• equity

• net worth statement

• receipts

any cash inflow into a company (does not have to affect profit and loss statement)

• business incom

• receipts

• fixed payment

• variable payment

total assets minus total liabilities

• equity

• net worth

• solvency

• budget