WGU QGT1 Capstone Business
Plan Latest Update 2024 with
complete solution
Accounts Payable (AP) - --ANSWER---Bills to be paid as
part of the normal course of business. This is a standard
accounting term, one of the most common liabilities,
which normally appears in the Balance Sheet listing of
liabilities. Businesses receive goods or services from a
vendor, receive an invoice, and until that invoice is paid
the amount is recorded as part of "Accounts Payable."
Accounts Receivable (AR) - --ANSWER---Debts owed to
your company, usually from sales on credit. Accounts
receivable is business asset, the sum of the money owed
to you by customers who haven't paid. The standard
procedure in business-to-business sales is that when
goods or services are delivered the come with an invoice,
,which is to be paid later. Business customers expect to be
invoiced and to pay later. The money involved goes onto
the seller's books as accounts receivable, and onto the
buyer's books as accounts payable.
Accrual-Based Accounting - --ANSWER---Standard
business accounting, which assumes there will be
Accounts payable (Bills to be paid as part of the normal
course of business) and/or sales on credit (Sales made on
account; shipments against invoices to be paid later) , as
opposed to Cash-Basis only. For example, most
businesses have regular bills such as rent, utilities, and
often inventory purchase which are not paid for at the
exact moment of purchase, but are invoiced. Most
businesses will also not be able to collect on all of their
sales immediately in cash, but must bill the purchaser or
wait for payment on at least some percentage of their
sales (the exact percentage varies by industry).
Accumulated Depreciation - --ANSWER---Total
accumulated depreciation reduces the formal accounting
value (called book value) of assets. Each month's
accumulated balance is the same as last month's balance
plus this month's depreciation.
,Acid Test - --ANSWER---Short-term assets minus
accounts receivable and inventory, divided by short-term
liabilities. This is a test of a company's ability to meet its
immediate cash requirements. It is one of the more
common business ratios used by financial analysts.
Acquisition Costs - --ANSWER---The incremental costs
involved in obtaining a new customer.
Adaptive Firm - --ANSWER---An organization that is
able to respond to and address changes in their market,
their environment, and/or their industry to better position
themselves for survival and profitability.
Adventure Capital - --ANSWER---Capital needed in the
earliest stages of the venture's creation before the product
or service is available to be provided. (As mentioned in
Entrepreneurship for the '90′s by Baty.)
Advertising Opportunity - --ANSWER---A product or
service may generate additional revenue through
advertising if there is benefit from creating additional
, awareness, communicating differentiating attributes,
hidden qualities or benefits. Optimizing the opportunity
may involve leveraging strong emotional buying motives
and potential benefits.
Agent - --ANSWER---A business entity that negotiates,
purchases, and/or sells, but does not take title to the
goods.
Asset Turnover - --ANSWER---Sales divided by total
assets. Important for comparison over time and to other
companies of the same industry. This is a standard
business ratio.
back end (websites) - --ANSWER---Front end and back
end describe program interfaces relative to the user. The
front end, here, is the appearance of your website. It is the
graphic design and HTML portion — some people call
this the user interface or UI. In contrast, the portion of the
application you or your developers work with is the back-
end. The back end handles the dynamic parts of the site,
such as a newsletter, an administration page, a registration
database, a contact page or more complicated Web
Plan Latest Update 2024 with
complete solution
Accounts Payable (AP) - --ANSWER---Bills to be paid as
part of the normal course of business. This is a standard
accounting term, one of the most common liabilities,
which normally appears in the Balance Sheet listing of
liabilities. Businesses receive goods or services from a
vendor, receive an invoice, and until that invoice is paid
the amount is recorded as part of "Accounts Payable."
Accounts Receivable (AR) - --ANSWER---Debts owed to
your company, usually from sales on credit. Accounts
receivable is business asset, the sum of the money owed
to you by customers who haven't paid. The standard
procedure in business-to-business sales is that when
goods or services are delivered the come with an invoice,
,which is to be paid later. Business customers expect to be
invoiced and to pay later. The money involved goes onto
the seller's books as accounts receivable, and onto the
buyer's books as accounts payable.
Accrual-Based Accounting - --ANSWER---Standard
business accounting, which assumes there will be
Accounts payable (Bills to be paid as part of the normal
course of business) and/or sales on credit (Sales made on
account; shipments against invoices to be paid later) , as
opposed to Cash-Basis only. For example, most
businesses have regular bills such as rent, utilities, and
often inventory purchase which are not paid for at the
exact moment of purchase, but are invoiced. Most
businesses will also not be able to collect on all of their
sales immediately in cash, but must bill the purchaser or
wait for payment on at least some percentage of their
sales (the exact percentage varies by industry).
Accumulated Depreciation - --ANSWER---Total
accumulated depreciation reduces the formal accounting
value (called book value) of assets. Each month's
accumulated balance is the same as last month's balance
plus this month's depreciation.
,Acid Test - --ANSWER---Short-term assets minus
accounts receivable and inventory, divided by short-term
liabilities. This is a test of a company's ability to meet its
immediate cash requirements. It is one of the more
common business ratios used by financial analysts.
Acquisition Costs - --ANSWER---The incremental costs
involved in obtaining a new customer.
Adaptive Firm - --ANSWER---An organization that is
able to respond to and address changes in their market,
their environment, and/or their industry to better position
themselves for survival and profitability.
Adventure Capital - --ANSWER---Capital needed in the
earliest stages of the venture's creation before the product
or service is available to be provided. (As mentioned in
Entrepreneurship for the '90′s by Baty.)
Advertising Opportunity - --ANSWER---A product or
service may generate additional revenue through
advertising if there is benefit from creating additional
, awareness, communicating differentiating attributes,
hidden qualities or benefits. Optimizing the opportunity
may involve leveraging strong emotional buying motives
and potential benefits.
Agent - --ANSWER---A business entity that negotiates,
purchases, and/or sells, but does not take title to the
goods.
Asset Turnover - --ANSWER---Sales divided by total
assets. Important for comparison over time and to other
companies of the same industry. This is a standard
business ratio.
back end (websites) - --ANSWER---Front end and back
end describe program interfaces relative to the user. The
front end, here, is the appearance of your website. It is the
graphic design and HTML portion — some people call
this the user interface or UI. In contrast, the portion of the
application you or your developers work with is the back-
end. The back end handles the dynamic parts of the site,
such as a newsletter, an administration page, a registration
database, a contact page or more complicated Web
