Examlex

Solved

Explain the Three Basic Financial Reports That a Small Business

question 109

Essay

Explain the three basic financial reports that a small business uses in building a financial plan: the balance sheet, the income statement, and the statement of cash flows. What information is contained in each, and of what value is it to the small business owner?


Definitions:

Upgrade Processor

Upgrading a processor involves replacing the central processing unit in a computer with a newer, faster version to increase performance.

Add RAM

Process of increasing the Random Access Memory in a computer to enhance its performance.

Hyperthreading

A technology used in certain Intel processors that allows one physical CPU core to act as two logical cores, improving performance in multi-threaded tasks.

Processor

An electronic circuit that executes computer programs, essentially the brain of the computer and rephrasing the definition of a CPU.

Related Questions