Q. Accounts Payable

• are the bills that you need to paid. An example of an AP is the invoice you receive for buying supplies from the manufacturer. They are considered liabilities.
• are the debts owed to you. If you sell your product or service to your customer and they do not pay you at the time of sale, the money they owe you is considered an AR. They are considered assets.
• are property that your business owns. This includes anything that has value, such as cash, AR's, inventory, supplies, equipment, et. al.
• used to create an identity for your product or service and differentiate it from your competition.

Q. Accounts Payable

• are the bills that you need to paid. An example of an AP is the invoice you receive for buying supplies from the manufacturer. They are considered liabilities.
• are the debts owed to you. If you sell your product or service to your customer and they do not pay you at the time of sale, the money they owe you is considered an AR. They are considered assets.
• are property that your business owns. This includes anything that has value, such as cash, AR's, inventory, supplies, equipment, et. al.
• used to create an identity for your product or service and differentiate it from your competition.

Next »

Q. Accounts Receivable

• a document that details the specifics about how a business will run.
• are the bills that you need to paid. An example of an AP is the invoice you receive for buying supplies from the manufacturer. They are considered liabilities.
• are the debts owed to you. If you sell your product or service to your customer and they do not pay you at the time of sale, the money they owe you is considered an AR. They are considered assets.
• cost you pay for supplies, goods, labor, etc. in order to sell your product. For example, if you buy a bicycle at a yard sale and sell it on Ebay, the cost to buy the bicycle is your COGS.

Q. Accounts Receivable

• a document that details the specifics about how a business will run.
• are the bills that you need to paid. An example of an AP is the invoice you receive for buying supplies from the manufacturer. They are considered liabilities.
• are the debts owed to you. If you sell your product or service to your customer and they do not pay you at the time of sale, the money they owe you is considered an AR. They are considered assets.
• cost you pay for supplies, goods, labor, etc. in order to sell your product. For example, if you buy a bicycle at a yard sale and sell it on Ebay, the cost to buy the bicycle is your COGS.

Next »

Q. Assets

• process of cash flowing into and out of the business within a set amount of time. For example, you might bring in $100 in sales, but spend $50 in supplies within a given month.
• property that your business owns. This includes anything that has value, such as cash, AR's, inventory, supplies, equipment, et. al.
• money paid to a person who sells your product or service to a customer. Commissions paid can be a set amount of money per unit sold or a percentage of the sale.
• method used when your customer has direct access to your product or service. There is no middleman in direct marketing.

Q. Assets

• process of cash flowing into and out of the business within a set amount of time. For example, you might bring in $100 in sales, but spend $50 in supplies within a given month.
• property that your business owns. This includes anything that has value, such as cash, AR's, inventory, supplies, equipment, et. al.
• money paid to a person who sells your product or service to a customer. Commissions paid can be a set amount of money per unit sold or a percentage of the sale.
• method used when your customer has direct access to your product or service. There is no middleman in direct marketing.

Next »

Q. Commission

• money paid to a person who sells your product or service to a customer. Commissions paid can be a set amount of money per unit sold or a percentage of the sale.
• used to communicate information about your product or service. They are the words used to try to get people to buy from you.
• act of selling products or services over the internet. When you have a website in which you try to make a profit, you are involved in e-commerce.
• your income or profit.

Q. Commission

• money paid to a person who sells your product or service to a customer. Commissions paid can be a set amount of money per unit sold or a percentage of the sale.
• used to communicate information about your product or service. They are the words used to try to get people to buy from you.
• act of selling products or services over the internet. When you have a website in which you try to make a profit, you are involved in e-commerce.
• your income or profit.

Next »

Q. Cost of Goods Sold (COGS)

• the cost you pay for supplies, goods, labor, etc. in order to sell your product.
• the money paid to a person who sells your product or service to a customer.
• a document that details the specifics about how a business will run
• method used when your customer has direct access to your product or service.

Q. Cost of Goods Sold (COGS)

• the cost you pay for supplies, goods, labor, etc. in order to sell your product.
• the money paid to a person who sells your product or service to a customer.
• a document that details the specifics about how a business will run
• method used when your customer has direct access to your product or service.

Next »

Q. Branding

• used to create an identity for your product or service and differentiate it from your competition.
• the process of cash flowing into and out of the business within a set amount of time.
• the difference between the total amount of money you made from selling your product or service and the total amount of money your product or service cost you.
• given to the purchaser of a product or service for money due.

Q. Branding

• used to create an identity for your product or service and differentiate it from your competition.
• the process of cash flowing into and out of the business within a set amount of time.
• the difference between the total amount of money you made from selling your product or service and the total amount of money your product or service cost you.
• given to the purchaser of a product or service for money due.

Next »

Q. Fixed Costs

• bill that is given to the purchaser of a product or service for money due.
• goods you have on hand or in stock.
• the difference between your assets and liabilities.
• costs that do not change in relation how much you sell

Q. Fixed Costs

• bill that is given to the purchaser of a product or service for money due.
• goods you have on hand or in stock.
• the difference between your assets and liabilities.
• costs that do not change in relation how much you sell

Next »

Q. Equity

• costs that do not change in relation how much you sell.
• materials used to describe your product or service.
• the difference between your assets and liabilities
• your net profit divided by your total expenses

Q. Equity

• costs that do not change in relation how much you sell.
• materials used to describe your product or service.
• the difference between your assets and liabilities
• your net profit divided by your total expenses

Next »

Q. Gross Margin

• the difference between the total amount of money you made from selling your product or service and the total amount of money your product or service cost you.
• the goods you have on hand or in stock.
• net profit divided by your total equity.
• the money you made from the sale of your product or service minus your costs/expenses before tax.

Q. Gross Margin

• the difference between the total amount of money you made from selling your product or service and the total amount of money your product or service cost you.
• the goods you have on hand or in stock.
• net profit divided by your total equity.
• the money you made from the sale of your product or service minus your costs/expenses before tax.

Next »

Q. Liabilities

• your net profit divided by your total equity.
• your debts
• the money you made from the sale of your product or service minus your costs/expenses before tax.
• costs that change in proportion to the number of units produced.

Q. Liabilities

• your net profit divided by your total equity.
• your debts
• the money you made from the sale of your product or service minus your costs/expenses before tax.
• costs that change in proportion to the number of units produced.

Next »

Q. Marketing Collateral

• costs that change in proportion to the number of units produced.
• a person who provides the distribution of inventory from the manufacturer to the retailer.
• the money you made from the sale of your product or service minus your costs/expenses before tax.
• the materials used to describe your product or service.

Q. Marketing Collateral

• costs that change in proportion to the number of units produced.
• a person who provides the distribution of inventory from the manufacturer to the retailer.
• the money you made from the sale of your product or service minus your costs/expenses before tax.
• the materials used to describe your product or service.

Next »