Business studies-chapter 3,4,6

Flashcards by jack.miers, updated more than 1 year ago
Created by jack.miers over 7 years ago


A2 Business studies Flashcards on Business studies-chapter 3,4,6, created by jack.miers on 10/28/2013.

Resource summary

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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