The business had lowered its o_____ costs by cancelling their rental lease and working entirely remotely.
overhead
The company’s a______ were easy to calculate, but it was difficult to quantify the value of the employees’ expertise.
assets
Our company has experienced a decrease in r_________ due to the financial crisis.
revenue (=sales)
P___& L____ statement shows the revenue, expenses and net income or loss over a period of time.
Profit & Loss
He couldn’t start a business because he didn’t have enough c___________, so he decided to work as a freelancer for the time being.
capital
L__________ are recorded on the right side of the balance sheet, while assets are listed on the left.
Liabilities
______ _______ bookkeeping gives you a better perspective than single entry bookkeeping because it helps you make sure each transaction is accurately recorded.
Double entry
We currently have a large accounts p_____ list to our suppliers.
payable ( = liability in the balance sheet)
He decided to invest in s_ _ _ _ _ of a very profitable company instead of considering a savings account, because he was sure he could make money fast and he enjoyed taking risks.
shares
Money that is owed to the business by its customers for the goods that have been delivered but not yet paid.
Accounts receivable
Although their balance sheet didn’t look very promising, the company seemed worth investing in because of an anticipated a_ _ _ _ _ _ _ _ _ _ _ in the value of their product.
appreciation
She couldn’t tell me her n___ salary because she didn’t know all the taxes she was paying; moreover, salaries are not transparent in her company.
net
Her g__________ income exceeded his, but they still couldn’t afford to get the house they’d been dreaming about for such a long time.
gross
The company was hurt by high d________ costs due to frequent machinery brekdowns, computer failures and building decay.
depreciation (asset value loss)
In order to decide if the company was worth investing in, they wanted to look at the p_________ it had been making over the previous year.
profit
We studied the b__________ s______ carefully to see if the assets exceeded the liabilities and shareholders’ equity.
balance sheet
As their r________ on investment hit the lowest point in the last 5 years, they decided to stop investing in our company.
return
They had a c_____ f_____ problem because only a small percentage of their customers decided to use early settlement discounts, which meant that they had very high financing costs.
cash flow
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