Padlet Lesson (Financial Concepts) by Joseph Yarbrough https://padlet.com/jyarbr24/kmke9tojmeltitkf Scroll to view en-us 2024-03-23 00:38:38 UTC 2025-04-14 14:46:08 UTC hello@padlet.com https://padlet.net/icons/png/1f39e.png TN Standard: BUS. 2.1: 4 Functions of Business jyarbr24 https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930656354 Students will learn about two of the four major business functions. Production & Procurement and Finance & Accounting, and explain how those functions help a business succeed.

]]> 2024-03-23 00:39:41 UTC https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930656354 Key Terms to Remember jyarbr24 https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930656355 Production & Procurement

Marketing

Management

Finance & accounting.

]]> 2024-03-23 00:39:41 UTC https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930656355 Financial Statement jyarbr24 https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930656356 What is a Financial Statement? They are written records that convey the financial activities of a company.

There are 3 key Financial Statements:

  1. Income Statement

  2. Balance Sheet

  3. Cash Flow Statement

]]> 2024-03-23 00:39:41 UTC https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930656356 Let's Better Understand Financial Statements! jyarbr24 https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930667180 2024-03-23 01:08:47 UTC https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930667180 Revenue jyarbr24 https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930669515 What is Revenue? The money is generated from normal business operations and is calculated as the average sales price times the number of units sold.

]]> 2024-03-23 01:15:06 UTC https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930669515 How Can We Calculate Revenue?? jyarbr24 https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930671502 Make sure to remember the formula!


Total revenue = Quantity X Selling Price

]]> 2024-03-23 01:21:14 UTC https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930671502 Expenses jyarbr24 https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930672775 What are Expenses? Money that is spent to acquire something. There are many types of expenses:

  • Operating

  • Non-operating

  • Fixed

  • Variable

  • Accrued

  • Prepaid

]]> 2024-03-23 01:25:34 UTC https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930672775 Let's Better Understand Expenses! jyarbr24 https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930674374 2024-03-23 01:30:01 UTC https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930674374 Assets jyarbr24 https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930676154 What are Assets? A resource with economic value that an individual or corporation owns or controls with the expectation that it will provide a future benefit.


Examples of Assets:

Personal assets - Home, Land, Jewelry

Business assets- Machinery, buildings, equipment

]]> 2024-03-23 01:34:59 UTC https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930676154 Let's Read More About Assets! jyarbr24 https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930677248 2024-03-23 01:38:09 UTC https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930677248 Liabilities jyarbr24 https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930679122 What are Liabilities? Something a person or company owes, usually a sum of money.


Examples of Liabilities:

  • Loans

  • Accounts payable

  • Mortgages

  • Deferred revenues

  • Bonds

  • Warranties

  • Accrued expenses

  • Employee wages and benefits

]]> 2024-03-23 01:43:44 UTC https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930679122 Let's Better Understand The Difference Between Assets & Liabilities! jyarbr24 https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930680795 2024-03-23 01:48:56 UTC https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930680795 It's Gammmmeee TIIIMEEE!!! jyarbr24 https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930681657 2024-03-23 01:51:36 UTC https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930681657 Asset, Liability, or Expenses jyarbr24 https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930682012 2024-03-23 01:52:46 UTC https://padlet.com/jyarbr24/kmke9tojmeltitkf/wish/2930682012