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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 businessNet 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