Java Games: Flashcards, matching, concentration, and word search.

MEDIA MART TERMINOLOGY

Terms required for students to understand in order to operate their business partnership.

AB
GROSS PAYTotal Salary before deductions
COST OF GOODS SOLDamount paid for merchandise that was sold
FICA TAXSocial Security Tax
LESSEEA tenant
NET LOSSexpenses are greater than revenue
RETAIL PRICEfinal selling price paid for goods
PRINCIPALamount of money borrowed
GROSS PROFITdifference between sales revenue and cost of goods sold
VENDORa supplier
REVENUEincome earned from sales
MARKUPdifference between retail price and the cost price
INTERESTamount charged by the bank for borrowed money
LESSORlandlord
NET PROFITwhen sales revenue is greater than expenses
PURCHASESmerchandise bought from wholesaler to resell at retail price
TRADE DISCOUNTtwo or more discounts deducted in succession from list price
WITHHOLDING TAXwithheld from pay for federal income tax
GROSS PAYtotal salary before deductions
MARKETING STRATEGYa plan for selling a product
You are special and importantTrue


Mrs. Camargo

This activity was created by a Quia Web subscriber.
Learn more about Quia
Create your own activities