Flashcards
Commerce Flash Cards
Cards in this deck (29)
- 1IncomeEarnings made by an individual, not a profit until after tax
- 2WagesA fixed regular payment earned for work/services, paid by your employer on a weekly/daily basis
- 3SalaryA fixed payment, made by an employer/organisation to an employee, typically paid on a monthly basis but expressed as an annual sum. Salaries are common with white collar jobs
- 4White Collar JobsJobs which do not require physical work
- 5FeeA source of income paid for by the client, usually per service (piecework)
- 6PieceworkIncome according to the amount produced
- 7CommisionPercentage of the sale- paid by the buyer of the purchase. E.g. A real-estate agent gets a 3% commission on a house he sells
- 8DividendA sum of money paid regularly to the company’s shareholders, out of the company’s profit or reserves
- 9InterestMoney paid regularly at a particular rate for the use of the money lent
- 10RoyalitesMoney earned from intellectual property. E.g. pop singers income is mostly derived from album sales
- 11Fixed ExpensesExpenses that will stay the same, regardless of anything (within reason). E.g. Mortgage
- 12Variable ExpensesExpenses that can change depending on a variety of factors. E.g. Petrol
- 13ASXAustralian Securities Exchange
- 14InvestingPutting money into; financial schemes, shares, property or a commercial venture in the hopes of achieving a profit
- 15Ethical InvestingInvestment that is done in alignment with your moral code of values
- 16Positive ScreeningActively investing in investments that are in line with your moral code
- 17Negative ScreeningActively avoiding to invest in something that is not in line with your moral code
- 18AssetsAnything of value that a business owns
- 19LiabilitiesAnything the entity owes to other entities
- 20BondA debt investment in which the investor gives money to a business for a fixed number of years with interest, when the fixed amount of time ends, the business issues the investor with the interest, along with the principal amount
- 21Capitalrefers to the financial value of the assets, along with the tangible resources the company has such as machinery. Capital also refers to facilities such as production plants
- 22EquityValue of an asset minus all of the debt and liabilities on it.
- 23Balance Sheet EquationAssets=Liabilities+Shareholders Equity
- 24Shareholder's Equityrepresents the net value of a company, or the amount that would be returned to shareholders if all the company's assets were liquidated and all its debts repaid.
- 25Entrepreneura person who sets up a business or businesses, taking on financial risks in the hope of profit.
- 26Sole TraderOwned and operated by 1 person, reaps all profits, suffers all losses
- 27PartnershipBusiness owned by 2-20 people, called partners
- 28Private Company1-50 private owners called shareholders
- 29Public CompanyUnlimited number of shareholders
Information
- Description
- 9th grade Commerce Flashcards on Commerce Flash Cards, created by Saharsh Joshi on 03/06/2017.
- Created by
- Saharsh Joshi
- Views
- 17
- Rating