Please enable JavaScript.

Coggle requires JavaScript to display documents.

Finance (The sources of business funds (Hedging and speculating (Hedging…

- - - - Liabilities are listed in order of expected payment. They include accounts payable, trade notes payable, advances and deposits, current portion of long-term debt and accrued expenses.
    - - is the amount that would be available to the stockholders if the firm were to liquidate (go out of business and convert everything it owned to cash).
    - - are items that provide probable future economic benefits
- - - - are repaid over more than one year. The most common form of long-term loan is mortgage, a loan secured by real estate (land or buildings)
    - - are the portion of a business’s profits that are not distributed as dividends to shareholders but instead are reserved for reinvestment back into the business.
  - - - Customers charge purchases to their accounts for payment at a later date. In the case of trade credit, he customers are businesses whose suppliers allow them to charge purchases for payment at a later date.
    - - Loans from financial institutions, such as banks and finance companies, are another source of short-term credit.
- - - - is a bank account that allows easy access to your money.If you have a checking account you can access your money by writing a check, setting up an automatic transfer or using your debit card.
    - - is a basic type of bank account that allows you to deposit money, keep it safe, and withdraw funds, all while earning interest.
  - - - a cooperative association organized to hold savings of members in the form of dividend-bearing shares and to invest chiefly in home mortgage loans
    - - Savings bank, financial institution that gathers savings, paying interest or dividends to savers
    - - Commercial banks make money by providing loans and earning interest income from those loans.