Exam 3: Start-Up Costs and Financing

Current assets include vehicles and renovations.

Retained earnings is an accumulation of all profits and losses of the company from the day it began operations until the day the balance sheet is prepared.

If investors are given periodic payments based on the net profit of the company, these payments are known as

One step in determining break-even is calculating the contribution margin.

Which of the following is a factor in determining an entrepreneur's ability to obtain bank financing?

Venture capital firms invest in companies that are expected to grow rapidly.

The cash basis of accounting always provides an accurate picture of the financial status of the company.

Leasehold improvements are

Expenses that are affected by the sales volume of the business are called

Fixed assets are those that are attached to the walls of the building.

Which of the following is a factor in determining an entrepreneur's ability to obtain bank financing?

If the entrepreneur pays for the first six months of insurance before the business opens, this is listed under start-up costs as

The difference between assets and liabilities is the

The length of time allowed for repaying a business loan depends on

The amount of funding for Small Business Administration loans varies because

Current liabilities are those that

Small businesses are usually charged an interest rate that is equal to prime rate.

Which of the following laws is designed to minimize the regulatory burden of small companies that sell stock publicly?

Which of the following is not a fixed asset?

Deposits may include lease deposits, utility deposits, and tax deposits.