My AE Prep (Module 2) Flashcards Preview

ARE 5.0 - PCM Exam > My AE Prep (Module 2) > Flashcards

Flashcards in My AE Prep (Module 2) Deck (7)
Loading flashcards...
1

What is Cash Flow?

Money coming in and out of the business. (Payments from clients & expenses, for examples)

2

What is a Profit-Loss Statement?

A summary that shows how much money came into the business vs out.

3

What is a Balance Sheet?

A statement of the financial position of a business which states the assets, liabilities, and capital at a particular point in time.

4

What is the Break-Even Rate

How much revenue is needed just to cover expenses

5

What are accounts receivable (A/R)?

Money owed to the company by its clients, whether they have been invoiced yet or not.

6

What are accounts payable (A/P)?

Money that a company owes to others... such as rent, leases, loans, or credit

7

What is Equity?

The ownership interests of a firm, including the percentage of ownership of each principle in the firm