Current ratio
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Calculated by dividing current assets by current liabilities.
Credit cards
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Allow you to promise to pay at a later date by using pre-approved lines of
credit granted by a bank or finance company.
,Secured bonds
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Backed by specific collateral that must be forfeited in the event that the
issuing firm defaults.
Shadow banking
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Companies performing banking functions of some sort that are not
regulated by banking regulators.
Federal reserve board
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"the Fed" Independent agency of federal government that regulates the
nation's banking and financial industry.
Unsecured loans
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, Loans backed only by the borrower's good reputation and previous credit
rating.
Times interest earned ratio
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Operating income divided by interest expense, a measure of the safety
margin a company has with respect to the interest payments it must make
to its creditors.
What are the big 4 public accounting firms?
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Ernst & Young, KPMG, Deloitte, and PricewaterhouseCoopers
Investment banker
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Underwrites new issues of securities for corporations, states, and
municipalities needed to raise money in the capital markets.
Gross profit
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Gross income and earnings
Accounts receivable
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Money owed the company by its clients or customers who have promised
to pay for the products at a later date.
Prime rate
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Interest rate commercial banks charge their best customers for short-term
loans.
Return on equity
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Dividing net income by owner's equity, shows how much income is
generated by each $1 the owners have invested in the firm.
Bartering
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Calculated by dividing current assets by current liabilities.
Credit cards
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Allow you to promise to pay at a later date by using pre-approved lines of
credit granted by a bank or finance company.
,Secured bonds
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Backed by specific collateral that must be forfeited in the event that the
issuing firm defaults.
Shadow banking
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Companies performing banking functions of some sort that are not
regulated by banking regulators.
Federal reserve board
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"the Fed" Independent agency of federal government that regulates the
nation's banking and financial industry.
Unsecured loans
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, Loans backed only by the borrower's good reputation and previous credit
rating.
Times interest earned ratio
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Operating income divided by interest expense, a measure of the safety
margin a company has with respect to the interest payments it must make
to its creditors.
What are the big 4 public accounting firms?
Give this one a try later!
Ernst & Young, KPMG, Deloitte, and PricewaterhouseCoopers
Investment banker
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Underwrites new issues of securities for corporations, states, and
municipalities needed to raise money in the capital markets.
Gross profit
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Gross income and earnings
Accounts receivable
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Money owed the company by its clients or customers who have promised
to pay for the products at a later date.
Prime rate
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Interest rate commercial banks charge their best customers for short-term
loans.
Return on equity
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Dividing net income by owner's equity, shows how much income is
generated by each $1 the owners have invested in the firm.
Bartering
