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- Multiple ChoicePlease save your changes before editing any questions.
What is cash flow?
The Route of Funds
Money that comes and goes
Money that goes from business to business
- Multiple ChoicePlease save your changes before editing any questions.
Why is the cash flow important?
To know the available cash you have
To know if the business/individual is being efficient with its cash
To avoid negative balances
All are correct
- Multiple ChoicePlease save your changes before editing any questions.
What is Income?
Money that goes
Money that flow
Money that you bring in
- Multiple ChoicePlease save your changes before editing any questions.
What are the 3 types of Income?
Earned
Passive
Regressive
Portfolio
- Multiple ChoicePlease save your changes before editing any questions.
What is an Asset?
debts you owe
anything you borrow
anything you own that has value
- Multiple ChoicePlease save your changes before editing any questions.Which of the following is considered an asset?credit card debtsavingscar payoffstudent loan
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Property owned by a person or company, regarded as having value is an __________
asset
liability
net worth
pizza
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What is a Liability ?
anything you own that has value
debts you owe
something you borrow
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Bills and Loans are examples of ________?
Assets
Liabilities
Net worth
Pickles
- Multiple ChoicePlease save your changes before editing any questions.
Which are examples of expenses?
Rent/Mortgage
Car Insurance
Credit Card debt
Savings account
- Multiple ChoicePlease save your changes before editing any questions.
A thing for which someone is responsible, especially a debt or financial obligation is a _____.
asset
liability
net worth
bacon
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What is another word for Wealth?
Rich
Net Worth
Wealthy
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Asset-Liabilities=
Net Worth/Wealth
Cash Flow
Income
Expenses
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How do you build wealth
Manage your asset and liabilities
Managing your expenses
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You can have negative Net Worth.
True
False