| A | B |
|---|
| Budget | a plan for spending and saving for a specific period of time. |
| Cash flow | money coming in (income and earnings) and money going out (expenses and spending). |
| Fixed expenses | expenses for bills that are the same for every month like mortgage |
| Variable expenses | expenses with different totals each month like entertainment |
| Gross income | total amount of money you earn before taxes. |
| Net pay | income after taxes. |
| Revenue | the amount of money a company brings in from the goods and/or services it sells. |
| Profit | Òthe positive gain remaining for a business after all costs and expenses have been deducted from total sales. Also |
| Loss | the difference between the purchase price and the price at which the asset is sold |
| Sales | transfer of title to a piece of property or performance of a service in return for compensation. |
| Business net earnings | the amount of money remaining after all operating expenses |
