Unit 4 Vocabulary- Schaupp by Allison Schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v en-us 2018-10-26 12:34:48 UTC 2018-11-06 17:05:17 UTC hello@padlet.com Money Management allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297349918 Planning how to get the most from your money. 

By using money management, I can now afford a car. ]]> 2018-10-26 12:35:58 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297349918 Safe-Deposit Box allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297350175 A box usually located inside a bank- which is used to store valuables. A safe deposit box is rented from the institution and can be accessed with keys, pin numbers or some other security pass

I lost the pin to my safe-deposit box.
]]> 2018-10-26 12:36:39 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297350175 Budget Variance allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297350839 Difference between the budgeted or baseline amount of expense or revenue and the actual amount

It is better to have a positive budget variance.]]> 2018-10-26 12:38:10 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297350839 Personal Finance Statement allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297351150 A document or spreadsheet outlining an individual's financial position at a given point in time

I revcieve my personal finance statement every year. ]]> 2018-10-26 12:38:59 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297351150 Personal Balance Sheet allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297351721 Give investors an idea as to what the company owns and owes, as well as the amount invested by shareholders.

I gave my investor my personal balance sheet.
]]> 2018-10-26 12:40:17 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297351721 Net Worth allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297352084 Total assets minus total liabilities

My net worth is very large.


]]> 2018-10-26 12:41:08 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297352084 Assets allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297353269 Anything of value that is owed

I have many assets. ]]> 2018-10-26 12:43:42 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297353269 Wealth allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297353423 The total value of money and other assets, minus outstanding debts

Donald Trump has lots of wealth.
]]> 2018-10-26 12:44:06 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297353423 Liquid Assets allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297353597 Resources such cash that are easily converted into other assets or used to pay for goods, services, or liabilities

Cash is a liquid asset.

]]> 2018-10-26 12:44:34 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297353597 Real Estate allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297353827 The land and all those items which are attached to the land.

My mom is a real estate agent.]]> 2018-10-26 12:45:09 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297353827 Market Value allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297353971 The price a seller can expect to receive for a product in a competitive marketplace.

I gambled the market value down. ]]> 2018-10-26 12:45:31 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297353971 Liabilities allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297354125 A financial obligation of a company. Something that the company owes to someone else.

Companies have liabilities.]]> 2018-10-26 12:45:56 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297354125 Solvent allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297354309 Able to meet one's financial obligations.

It is good for things to be solvent. ]]> 2018-10-26 12:46:28 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297354309 Insolvent allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297354529 Unable to pay one's bills; bankrupt

It is not good to be insolvent.]]> 2018-10-26 12:46:57 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297354529 Cash Flow allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297354669 Movement of the money you receive and the money you spend.

Cash flow happens everyday. ]]> 2018-10-26 12:47:21 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297354669 Income (Cash Inflow) allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297354884 Collection of loans, sale of property/ plant/ equipment, and sale of long or short term for sale held to maturity securities

I am incharge of some of my income.
]]> 2018-10-26 12:47:48 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297354884 Take-home pay allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297355213 net income

My take-home pay is smaller than my gross pay. ]]> 2018-10-26 12:48:38 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297355213 Expenses (Cash Outflow) allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297355501 The cost of assets consumed or services used in the process of generating revenues

I don't buy things with big expenses.
]]> 2018-10-26 12:49:17 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297355501 Surplus allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297355644 A situation in which quantity supplied is greater than quantity demanded

I have a surplus of cookies at my house. ]]> 2018-10-26 12:49:39 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297355644 Deficit allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297355820 An excess of federal expenditures over federal revenues

Deficit can be large or small. ]]> 2018-10-26 12:50:03 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297355820 Budget allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297356414 A plan for making and spending money

A budget is essential for financial success. ]]> 2018-10-26 12:51:06 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297356414 Fixed Expenses allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297356625 Expenses that have to be paid regularly, usually every month such as rent and car payments.

Fixed expenses don't change every month. ]]> 2018-10-26 12:51:33 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297356625 Variable Expenses allison_h_schaupp https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297356806 A variable cost is a corporate expense that varies with production output

Variable Expenses change every month/day.
]]> 2018-10-26 12:51:58 UTC https://padlet.com/allison_h_schaupp/c05zabhyb47v/wish/297356806