| A | B |
|---|
| Budgets | a specific plan for spending and saving |
| Gross Income | amount of income received before costs |
| Net Income | amount of income after costs are deducted |
| Fixed Expenses | Remains the same regardless |
| Varialbe Expenses | May change/fluctuate |
| Assets | Items of ownership |
| Liabilities | Money owed; debts |
| Net Worth | assets minus liabilities |
| Profit | Revenue - expenses; goal of EVERY business |
| Balance sheet | financial statement that shows the financial worth |
| Revenue | all the money that comes into the business |
| Expenses | all costs related to operating the business |
| Income Statement | Monthly financial statement that compares a company's revenue and expenses |
| Stock | ownership in a company |
| stockholder | owner of the stock in a company |
| Dividends | Amount paid for being a stockholder |
| Bonds | borrowing money from an individual |
| Stock symbol | unique name |
| Last Trade | the value of stock when it sold last |
| Previous close | value of stock at the end of day yesterday |
