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Jouer Froggy Jumps
1. The wealth of a business demonstrated by cash accounts, assets, and investments.
A
capital
B
currency
C
cash flow
2. When a business or individual is having severe financial challenges.
A
bootstrapping
B
depreciation
C
bankruptcy
3. A report that is a summary of the business assets and liabilities.
A
bookkeeping
B
balance Sheet
C
statement
4. ___________ is how quickly an asset can be turned into cash.
A
liability
B
line of credit
C
liquidity
5. An individual who agrees to cover a debt, if you can't pay.
A
loaner
B
guarantor
C
debtor
6. The total sales (income) minus the expenses related to those sales.
A
guarantor
B
gross profit
C
collateral
7. A ___________ interest rate will change with market fluctuations.
A
floating
B
flying
C
swimming
8. Expenses that have been incurred but haven’t yet been recorded in the books.
A
accounts
B
accruals
C
assets
9. A maximum amount that you can borrow at any given time.
A
line of credit
B
credit score
C
credit limit
10. Loans that are not backed by any 'collateral' are called _______ ________.
A
insecure loans
B
unsafe loans
C
unsecured loans
11. This is an expression of your business’s total value.
A
intangible asset
B
fixed asset
C
net worth
12. Regular 'predetermined' repayments and then one larger payment at the end.
A
a fountain loan
B
a balloon loan
C
a snowball loan
13. Assets which are non-physical; patents, goodwill, and intellectual property.
A
detangible assets
B
intangible assets
C
untangible assets
14. When an asset loses some of its value in increments over time.
A
depreciation
B
depression
C
decapitation
15. __________ capital, is the business’s cash or instruments that can convert into cash quickly.
A
fixed
B
state
C
working
16. ___________ is any asset you pledge (offer) as security for a loan.
A
income
B
collateral
C
liquidity
17. An interest rate that never changes is called __________.
A
attached
B
concrete
C
fixed
18. This is a professional opinion of the market value of your business.
A
approval
B
application
C
appraisal
19. This involves the 'timely' recording of all financial transactions for the business.
A
bookcooking
B
bookkeeping
C
bookwriting
20. Using your own money to finance the start-up and growth of your business.
A
bootstrapping
B
footstrapping
C
shoestrapping