Post on 05-Dec-2014
description
By: H. E. Colby,
author of Top 150 Business English Ace Vocabulary Words
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sole proprietorship:
NOUN : An unincorporated business whose income and expenses are
treated for tax purposes as those of the individual proprietor
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sole propietorship:
Example : Ms. Jane Goodall opened a sole proprietorship to sell her ebooks
online.
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receivables
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receivables:
NOUN : money owed as evidenced by invoices issued for goods or services
supplied.
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receivables:
Example: Companies carefully track their receivables to avoid a cash
shortage at the end of the month.
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retained earnings
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retained earnings:
NOUN : accumulated earnings after taxes.
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retained earnings:
Example: Accounting delivered a quarterly report of retained earnings to
the Board of Directors.
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spread
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spread:
NOUN : expression used to describe the difference between the interest
rate they pay on money and the interest rate they charge.
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spread:
NOUN : Banks are vigilant to maintain a profitable spread between interest
rates.
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tangible assets
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tangible assets:
NOUN : assets on the balance sheet which are represented by physical
assets.
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tangible assets:
Example : Tangible assets include desks, computers, tables, and chairs in
the office suites.
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variable costs
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variable costs:
NOUN : costs which vary directly with the level of production or business
activity (different than “fixed costs.”)
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variable costs:
NOUN : Variable costs must be kept to a minimum to avoid any financial
difficulties.
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working capital
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working capital:
NOUN : the amount of funds required to finance day-to-day operations
a production of businessenglishace.com
working capital:
NOUN : Any business needs to maintain a sufficient amount of working
capital to finance its daily operations.
a production of businessenglishace.com
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a production of businessenglishace.com
Professor Colby, author of 150 Business English Ace
Vocabulary Words, has been helping students achieve
their English language goals for many years.
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