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WorksheetsBRAC 06-02 Key Financial Concepts
Total questions: 80
Worksheet time: 40mins
What is an asset?
Cash, publicly traded stocks, government bonds or corporate bonds that can be quickly turned into cash.
Something of value
Money earned when something is sold
The hard work a small business owner puts into forming, founding and operating his/her business
What is a cash instrument?
An investment worth money
An obligation you have to pay someone else money.
Cash, publicly traded stocks, government bonds or corporate bonds that can be quickly turned into cash.
like a saxophone
Collateral
The date a loan (or debt or liability) is repaid in full.
Equipment, inventory or other goods that are pledged to the bank in the case the company can’t make a loan payment.
Money paid by a company to a person who owns stock in that company.
Fixed costs plus variable costs
What is the definition of commissions?
Money earned when something is sold.
An option a supplier might grant a company to pay their bills later than they normally would.
When a company issues a check or makes a financial commitment for an amount greater than the amount the company has deposited in the bank.
the snacks you get at a football game
Credit-Worthy
The right to take possession of collateral until a debt is repaid.
The money a person borrows to buy real estate
A person or a business with a strong credit score and the financial resources that make it likely they will be able to repay any loan
Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment.
Dividend?
Money paid by a company to a person who owns stock in that company.
An individual or company that owns shares in a company.
The money a person borrows to buy real estate
The percentage of a loan a bank or online credit company charges when a small business receives a loan
What is a Liability?
Money owed by a company to a supplier.
The money a person borrows to buy real estate
An obligation you have to pay someone else money.
Real estate is property and the building(s) on it.
The right to take possession of collateral until a debt is repaid is what?
Collateral
Share
Lien
Security
What is a liquid asset?
Cash or securities that can be immediately turned into cash, which can then repay any loan amount outstanding
Money owed by a customer to a company
Debt from a bank.
a type of cold drink
The date a loan (or debt or liability) is repaid in full.
Maturity
Mortgage
Lien
Quarter
Which of the following would you buy with a mortgage?
car
real estate
jewelry
a coke and hot fries
Net Income?
Assets that are not already pledged as a guarantee to repay another loan
Money owed by a customer to a company
revenues after costs
a basketball team
Types of debt other than a mortgage are known as..
Notes payable
Liabilities
Mortgage
Collateral
Which of the following best defines the word securities?
One of the equal parts into which a company’s capital is divided
An investment worth money
A loan
the police officers at school
Share
stock in companies
One of the equal parts into which a company’s capital is divided
Bonds
when you give someone half of what you have
What is a shareholder?
Profit
A company that provides individuals and companies with access to financial markets.
An individual or company that owns shares in a company.
A legal agreement that an assets is part of a guarantee to a lender
What is the meaning of the word unencumbered?
Costs that make up one unit of what you sell
A company that provides individuals and companies with access to financial markets.
Assets that are not already pledged as a guarantee to repay another loan
a type of vegetable
Money owed by a company to a supplier.
Account Payable
Account Receivable
Cash Flow
Debt
Account Receivable
Money owed from a company to a supplier
Money owed on a bond.
Money owed by a customer to a company.
property and the building(s) on it
What is an Angel Investor?
An investor that loans money with expectations of getting their money back in full.
An investor who loans money without expectations of getting paid back.
A company that invests expecting to get their money back with interest.
that guy from the bible
Bank Loan
Debt from a bank.
Mortgage
Angel Investors
Lein
What is a bond?
A mortgage
A stock
A loan
a musical group
Breakeven Analysis
Unit price minus cost of goods sold.
Costs that make up one unit of what you sell.
A determination of how many units are needed to sell in order to pay for all fixed costs.
that one song by The Script
Brokerage
Expenditures on equipment the business will use for many years.
A company that provides individuals and companies with access to financial markets.
unit price minus cost of goods sold.
A legal agreement that an assets is part of a guarantee to a lender, when the lender can take possession of the assets and sell it to recover the funds owed by a borrower in the event the borrower is unable to make a required debt payment
Capital
Expenditures on equipment the business will use for many years.
Costs that make up one unit of what you sell.
Funds contributed by investors to a business.
the city where government matters take place
Capital Expenditures
A company that provides individuals and companies with access to financial markets.
Expenditures on equipment the business will use for many years.
Costs that makeup one unit of what you sell
A Latin phrase (
Total Revenues minus Total Cost minus one-time expenditures
Cash Flow
Capital
Breakeven
Lein
Contribution Margin
A company that provides individuals and companies with access to financial markets.
Unit price minus cost of goods sold.
Costs that make up one unit of what you sell. These can be labor costs as well as material costs
fake butter
Cost of goods sold
Costs that make up one unit of what you sell. These can be labor costs as well as material costs.
Funds contributed by investors to a business
Costs that make up one unit of what you sell.
three months
Covered loss
The 12 month period a company uses to report financial result
A loss that an insurance company will reimburse a policyholder for in the event of a claim.
Costs that do not vary based on the units sold by enterprise
a breed of dog
Credit
Distinguishing a product or service "different than anything else,"
Costs that do not vary based on the units sold by enterprise
An option a supplier might grant a company to pay their bills later than they normally would
full points on an assignment
Crowdfunding
Crowdfunding is an Internet phenomenon, where strangers learn about a business online and then decide whether or not to make an investment
The amount that an insurance company makes a policyholder pay as part of any claim.
The 12 month period a company uses to report financial results
that thing they do at rock shows
Deductible
Funds contributed by investors to a business
Costs that do not vary based on the units sold by enterprise
The amount that an insurance company makes a policyholder pay as part of any claim
the duck from the insurance ads
Default
A credit-worthy individual or business with sufficient liquidity who guarantees to repay a loan in the event that the debtholder can’t make required payment.
Failure to repay a loan
A special account where individuals can deposit retirement funds that can grow tax-deferred until they withdraw them after they retire.
the settings on your phone before you change things
Differentiating Offering
Distinguishing a product or service "different than anything else,"
The individual or business that purchases an insurance policy for various types of protection
A loan that provides the borrower a maximum amount of money he/she can borrower - the borrower can then access or use that line of credit for only as much money as they need at any particular time
Debt owed to someone that is paid in monthly payments
Differentiation
Costs that do not vary based on the units sold by enterprise.
The act of making a business different
A credit-worthy individual or business with sufficient liquidity who guarantees to repay a loan in the event that the debtholder can’t make required payment.
A legal decision requiring a person or company to pay another person or company.
Equity
Funds contributed by investors to a business.
An option a supplier might grant a company to pay their bills later than they normally would.
A credit-worthy individual or business with sufficient liquidity who guarantees to repay a loan in the event that the debtholder can’t make required payment.
line of credit
Extended Payment Terms
An option a supplier might grant a company to pay their bills later than they normally would.
Costs that do not vary based on the units sold by enterprise
The 12 month period a company uses to report financial results
The amount an insurance policyholder receives from the insurance company to reimburse the policyholder for a covered loss
What is a Fiscal Year?
The 12 month period a company uses to report financial results
Costs that do not vary based on the units sold by enterprise
An option a supplier might grant a company to pay their bills later than they normally would.
when an extra day is added to the month February
Fixed Cost
Cost of goods sold
Rent
A new piece of equipment.
A legal decision requiring a person or company to pay another person or company
Guarantor
A special account where individuals can deposit retirement funds that can grow tax-deferred until they withdraw them after they retire
A legal decision requiring a person or company to pay another person or company
A credit-worthy individual or business with sufficient liquidity who guarantees to repay a loan in the event that the debtholder can’t make required payment.
An investment security that includes many different stocks purchased and held together
IRA
A loan that provides the borrower a maximum amount of money he/she can borrower -
A special account where individuals can deposit retirement funds that can grow tax-deferred until they withdraw them after they retire
The amount an insurance policyholder receives from the insurance company to reimburse the policyholder for a covered loss.
a grandmothers name
Installment Payment
A payment that is owed every month.
Debt owed to someone that is paid in monthly payments
An investment security that includes many different stocks purchased and held together.
a down payment on something
Insurance Claim
A payment that is owed every month.
The amount an insurance policyholder receives from the insurance company to reimburse the policyholder for a covered loss.
A loan that provides the borrower a maximum amount of money he/she can borrower
Money earned when something is sold.
Insurance policy holder
Debt obtained from a number of online companies
An investment security that includes many different stocks purchased and held together.
The individual or business that purchases an insurance policy for various types of protection
The money a person borrows to buy real estate
Insurance Premium
The amount a policyholder (either every quarter or year) pays for an insurance policy
Ratios a lending company calculates about an individual or a company to determine how likely they are to have the liquidity to repay debt payments that are required in a loan.
An investment security that includes many different stocks purchased and held together
the highest version of insurance
Inventory
The money a company has
The cost of goods sold
The merchandise that a company sells to its customers.
when you make something new
Judgement
a investors opinion on your business
a guilty verdict
A legal decision requiring a person or company to pay another person or company
when you hate what someones wearing
A loan that provides the borrower a maximum amount of money he/she can borrower
Line of credit
Mutual Fund
Obligation
Lein
Liquidity Ratio
An investment security that includes many different stocks purchased and held together.
Ratios a lending company calculates about an individual or a company to determine how likely they are to have the liquidity to repay debt payments that are required in a loan.
A payment that is owed every month. Example: your mortgage is a monthly obligation. (
how much milk is is your cereal
Mutual Fund
The amount a policyholder (either every quarter or year) pays for an insurance policy.
An investment security that includes many different stocks purchased and held together.
A payment that is owed every month. Example: your mortgage is a monthly obligation
ownership of a company
Obligation
Debt obtained from a number of online companies. Borrowers need to disclose much less information about themselves to obtain online credit, and online credit companies make credit decisions much more quickly than banks.
A legal decision requiring a person or company to pay another person or company.
A payment that is owed every month. Example: your mortgage is a monthly obligation.
the little paper they give out at funerals
Online Credit
Debt obtained from a number of companies
The percentage of a loan a bank or online credit company charges when a small business receives a loan.
a projection of future financial performance.
property and the building(s) on it
Origination Fee
A legal agreement that an assets is part of a guarantee to a lender
The percentage of a loan a bank or online credit company charges when a small business receives a loan.
How a business moves a specific customer to buy their service or offering
the time in which a loan is completely payed off
Overdraft
Unit price minus cost of goods sold
a projection of future financial performance
How a business moves a specific customer to buy their service or offering
When a company issues a check or makes a financial commitment for an amount greater than the amount the company has deposited in the bank
overhead
Costs that vary somewhat based on the number of units you sell
A company that provides a good or service to another company.
a projection of future financial performance
Costs that a business incurs that are not part of producing the goods or services its sells, but which are required to operate legally and efficiently
Own Free and Clear
Owning an asset without any associated debt.
A legal agreement that an assets is part of a guarantee to a lender
How a business moves a specific customer to buy their service or offering.
Debt that includes a legal obligation by the borrower to repay the debt personally if the business is unable to make its scheduled debt payment
Pledged
the oven cleaner
How a business moves a specific customer to buy their service or offering.
A legal agreement that an assets is part of a guarantee to a lender, when the lender can take possession of the assets and sell it to recover the funds owed by a borrower in the event the borrower is unable to make a required debt payment.
An investment vehicle
Principal
projections for the upcoming quarter
like mrs qualey
unit price-goods sold
the amount of money borrowed
pro forma
a google docs font
Real estate is property and the building(s) on it
a projection of future financial performance
Costs that vary somewhat based on the number of units you sell.
profit
an investments
revenue minus costs, the money you make
jesus
Shares of ownership in a company
profit per unit
Shares of ownership in a company
Costs that vary somewhat based on the number of units you sell.
Unit price minus cost of goods sold.
a ben n jerrys flavor
quarter
a u.s. currency
a three month period
How a business moves a specific customer to buy their service or offering
All people or companies associated with an enterprise.
real estate
How a business moves a specific customer to buy their service or offering.
A company that provides a good or service to another company
someone who likes to save money
land and the buildings on it
satisfy a loan
invest in stocks
completely repay the loan
sell a loan
feed it a cookie
secured debt
property and the building(s) on it.
the new taylor swift song title
Debt that includes a legal obligation by the borrower to repay the debt personally if the business is unable to make its scheduled debt payment
Fixed costs plus variable costs.
security
a loan that is not yet repaid
All people or companies associated with an enterprise
stocks, bonds and mutual funds.
the police officers that arrest unruly customers
Selling
the underside of a roof
The hard work a small business owner puts into forming, founding and operating his/her business
Shares of ownership in a company.
How a business moves a specific customer to buy their service or offering.
Semi-Variable Cost
a type of 18 wheeler
Costs that vary somewhat based on the number of units you sell
The exact customers and market sector the business intends to serve
Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment.
stakeholders
The hard work a small business owner puts into forming, founding and operating his/her business
Shares of ownership in a company
the waitresses as texas roadhouse
All people or companies associated with an enterprise.
stocks
the stuff you put in gumbo
Shares of ownership in a company.
Units refer to the “things” the company sells
Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment
supplier
Units refer to the “things” the company sells
A company that provides a good or service to another company.
Fixed costs plus variable costs
Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment
sweat equity
how much you sweat during exercise
The hard work a small business owner puts into forming, founding and operating his/her business –
Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment
Costs that vary based on the units sold by your enterprise.
target market
refer to the “things” the company sells.
where my mom gets groceries
The exact customers and market sector the business intends to serve
Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment.
total costs
Units times price.
Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment.
Companies that conduct business with a company
Fixed costs plus variable costs
total revenue
Shares of ownership in a company. Stock is a general term of ownership in any company
Units times price
Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment
Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment.
trade references
Companies that conduct business with a company, and that can document how well a company pays its bills to its suppliers.
Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment.
Costs that vary somewhat based on the number of units you sell.
Fixed costs plus variable costs
units
your branding
your audience
the “things” the company sells
those little blocks they give you in math class
unsecured debt
Costs that vary somewhat based on the number of units you sell
Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment
Companies that conduct business with a company, and that can document how well a company pays its bills to its suppliers.
Costs that vary based on the units sold by your enterprise.
variable cost
Costs that vary based on the units sold by your enterprise.
Fixed costs plus variable costs.
Units refer to the “things” the company sells.
A company that provides a good or service to another company
