308447
Description
Flashcards by jack.miers, updated more than 1 year ago
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Created by jack.miers
over 10 years ago
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| Question | Answer |
| balance sheet | an accounting statement of the firms assets and liabilities on the last day of an accounting period |
| working capital | the amount of funds a firm has available for its day to day operations |
| liquidity | measures the extent to which a business is able to pay its short term debts |
| depreciation | the loss of value of an asset over a given period of time |
| profit | the difference when sales rev is greater than costs |
| profit equity | measures the extent to which individual profit source is available |
| capital employed | the total funds invested in a business |
| payback | the number of years it takes to recover the costs of an investment from its earnings |
| average rate of return | calculates the percentage rate of return on each investment |
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