Business Finance Flashcard

Front

Which of the following shows how much money came into the business, what the money was spent on, and how much money is leftover in the business? Expense report, Sales report, Income statement, Overhear report

Back

Income statement

Front

Average order value is calculated to show...

Back

How much a customer will spend every time they make a purchase

Front

A type of expense indirectly associated with your product or service that is necessary for the operation of your business is what type of cost?

Back

Overhead

Front

Which of the following is an example of a direct expense? Accounting fees, Labels and packaging for product, Website hosting fee, Phone bill

Back

Labels and packaging for product

Front

Average sales per customer is calculated to show...

Back

How much a customer will spend every time they make a purchase

Front

Average orders per customer is calculated to show...

Back

How many times a customer will purchase from you

Front

The money that comes into a business through sales is also known as...

Back

Revenue

Front

How much money is leftover in your business after paying all expenses is known as...

Back

Profit