Finance 313 test 1 Flashcards Preview

Business > Finance 313 test 1 > Flashcards

Flashcards in Finance 313 test 1 Deck (12)
Loading flashcards...
1

Net working capital

Current Assets - Current Liabilities

2

Liquidity

ability to convert to cash quickly without significant loss in value

3

accounts receivable

what you sell but cash you haven't received yet

4

If an Asset goes up..

it's a use of cash

5

market value vs book value

book value- how much you bought it for
market value- how much it costs now

6

income statement

revenues-expenses

7

marginal tax rate

the percentage paid on the next dollar earned

8

statement of cash flows

tells you how your cash flow changes

9

balance sheet

snapshot of earnings

10

operating activity

( statement of cash flows) includes net income and changes in most current accounts

11

investment activites

changes in fixed assets

12

financing activity

how you paid for your investments