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Finance book 3 units 3-4

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  • assets that are more than current liabilities that are used to finance operations
    working capital
  • to fail to make payments on a loan
    default
  • the physical location of a business
    plant
  • total expenses for inventory sold in a period
    costs of goods sold
  • debts that must be paid within a year
    current liabilities
  • costs of business operation unrelated to the products themselves
    overhead
  • the difference between net sales and cost of sales
    margin
  • total gains before taking out taxes and finace costs
    gross profit
  • a statement of revenue and expense
    profit and loss account
  • profit that is earned but not spent
    retained profit
  • a decline in the value of an asset
    depreciation
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