Flashcards
Business studies-chapter 3,4,6
Cards in this deck (9)
- 1balance sheetan accounting statement of the firms assets and liabilities on the last day of an accounting period
- 2working capitalthe amount of funds a firm has available for its day to day operations
- 3liquiditymeasures the extent to which a business is able to pay its short term debts
- 4depreciationthe loss of value of an asset over a given period of time
- 5profitthe difference when sales rev is greater than costs
- 6profit equitymeasures the extent to which individual profit source is available
- 7capital employedthe total funds invested in a business
- 8paybackthe number of years it takes to recover the costs of an investment from its earnings
- 9average rate of returncalculates the percentage rate of return on each investment
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- A2 Business studies Flashcards on Business studies-chapter 3,4,6, created by jack.miers on 28/10/2013.
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