The Third Column in a Gap Analysis Is Where the Potential

question 6

True/False

The third column in a gap analysis is where the potential owner should provide a realistic estimation of his or her present resources.

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Definitions:

Deferred Revenue

Money received by a company for goods or services which have not yet been delivered or performed.

Notes Payable

Short-term or long-term liabilities representing amounts owed to creditors, documented by promissory notes.

Long-term Note Payable

A debt obligation that is not due for repayment within the next year or operating cycle of the business.

Periodic Instalment

Regular, scheduled payments made over time to repay a debt.