ESB Exam Study Guide With Complete Solutions.

ESB Exam Study Guide With Complete Solutions. Acquisition Cost the cost of obtaining data that you don't have Contingency costs amount of money included to cover potential events that are not specifically accounted for in a cost estimate Variable Cost a cost that rises or falls depending on how much is produced fixed costs costs that do not vary with production or sales level pro forma financial statement Small Business Administration (SBA) government agency that helps small business owners develop business plans and obtain financing Limited Liability Company (LLC) a form of business ownership that offers both limited liability to its owners and flexible tax treatment S cooperation a small business entity that is created under state laws liquid assets cash and items that can be quickly converted to cash Assets resources owned by a business dividend The portion of corporate profits paid out to stockholders liability An amount owed by a business Net Income the difference between total revenue and total expenses when total revenue is greater shareholder Individual who owns part of a corporation account payable money owed for products and services purchased on credit Accounts Receivable Amounts to be received in the future due to the sale of goods or services Angel Investors individuals who invest in start-up companies with high growth potential in exchange for a share of ownership Bonds Certificates of debt that carry a promise to buy back the bonds at a higher price Capital/Equity Funds contributed by investors to a business. capital expenditures Expenditures on equipment the business will use for many years.