Term
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Definition
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Term
| Current Asset / Liability |
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Definition
| Asset or Liability which has a life less than one year |
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Term
| (NWC) Net Working Capital |
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Definition
Difference b/t current assets and current liabilities
Crrent Assets - Curent Liabilities = NWC |
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Term
| Assets are classified as either |
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Definition
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Term
| Fixed assets can be classified into two fields |
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Definition
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Term
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Definition
| Speed / Ease in which an asset can be converted to cash |
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Term
| (GAAP) Generally Accepted Acct. Principles |
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Definition
| common set of standards and procedures by which audited financial statements are prepared |
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Term
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Definition
True value of any asset.
(What people will pay for it) |
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Term
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Definition
| Value shown on ballance sheet for the firms assets |
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Term
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Definition
| Revenues - expenses pg 27 |
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Term
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Definition
| The use of debt in a firms capital structure. The more debt a firm has (as a percentage of assets), the greater its degree of financial leverage. pg. 25 |
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