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Financing Your Business

Real Estate Brokerage Chapter 6
Horizontales
Income earned from the sale of an asset
The amount sales for a given period and minus the cost of sales
The priviledge or contractual right to conduct a business using a designated trade name and the operating procedures of the company that owns the franchise
The approach that recognizes the money that the business has actually received, the money it is due to receive, the expenses actually paid, and the expenses remaining to be paid
Used alongside liabilities to determine an applicant's net worth
The one-time costs to purchase an asset
Something of value deposited with a lender as a pledge to secure repayment of a loan
A record of income when it is received and expenses when they are paid
Expenses that may change month to month, including advertising and promotion, utilities, equipmemt and supplies, and cost of sales
Verticales
A report of the cash position of the organization
A financial statement that itemizes assets, liabiliites and net worth
The moment by moment recording of the money coming in and going out of the company
A detailed statement of the income and expenses of a busines, commonly know as P & L or operating statement
An increase in the worth or value of a property due to economic or related causes, which may prove to be either temporary or permanent opposite of depreciation
An increase in the volume of money an credit relative to available goods resulting in a substantial and continuing rise in the general price level
Expenses that are consistent, such as rent, dues and fees, salaries, taxes, and license fees, insurance, and depreciation (funding for depreciation on equipment, buildings, and automobiles the company owns)
The ongoing costs associated with running a business, including property costs, utilities, insurance, banking, etc.
Used alongside assets to detemine an applicant's net worth
The actual recording of the company's financial records