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WorksheetsFinance Vocabulary Quiz
Total questions: 24
Worksheet time: 14mins
A plan for managing your money during a given period of time.
Spending Plan
Income
Pie Chart
Cash Flow
A spending plan is also known as a...
Budget
Income
Expenses
Cash flow
This image is an example of what?
(a)
Any money that you earn for doing a task.
Income
Cash Flow
Variable Expenses
Fixed Expenses
Any money that you spend.
Expenses
Buget
Income
Capital
Rent, mortgage, and car payment are all examples of what?
Fixed Expenses
Variable Expenses
Periodic Expenses
What is a financial forecast?
A prediction in a business's financial health based on past performance.
A prediction in a business's financial health based on future performance.
How much money a business spent last year.
How much income a business earned last year.
Money received from the sale of products and/or services.
Revenue
Profit
Cost
Capital Expenses
"Pay yourself first" is an example of what strategy?
Savings
Earning
Expenses
Revenue
Utilities and grocery costs are both examples of what?
Fixed Expenses
Variable Expenses
Periodic Expenses
Auto repairs and property taxes are examples of what?
Periodic expenses
Variable expenses
Fixed Expenses
Choose 2 examples of capital expenses.
Land
Buildings
Salary
Materials
Choose 2 examples of operating expenses.
Salaries
Advertising
Office Space
Farm Land
An estimate of income and expenses for a set period of time.
Budget
Assets
Capital
Balance Sheet
A report that shows revenue is called:
Income Statement
Balance Sheet
Budget
Pie Chart
What three things does a balance sheet show?
Assets
Liabilities
Capital
Net Worth
Insurance
The difference between assets and liabilities
(a)
Cash, land, and buildings are examples of what?
Assets
Liabilities
Capital
Mortgages and payroll are examples of what?
Assets
Liabilities
Capital
Capital =
Assets - Liabilites
Liabilities - Assets
Assets + Liabilities
Assets x Liabilities
Items or cash amounts that the business owes.
Liabilities
Revenue
Pie Chart
Expenses
Items that a business owns plus all cash on hand.
Assets
Liabilities
Revenue
Budget
The money that you have going in and out.
Cash flow
Budget
Income
Operating expenses
Sales for which the company has not yet been paid.
Accounts receivable
Accounts payable
Budget
Financial forecast
