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A business with sales of less than $200,000 is classified as a business ___.
opportunity
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The Uniform Commercial Code essentially covers the sale of ___ ___.
personal property
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___ ___ liabilities mature in more than one year.
Long term
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The basic accounting formula states that assets minus liabilities equals ___ ___.
owner equity
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___ assets are those that have no physical existence.
intangible
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When the rate of return on borrowed funds exceeds the rate of return on the investment, the investor is experiencing ___ leverage.
negative
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The transfer of ownership to personal property is generally accomplished using a ___ ___ ___.
bill of sale
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An instrument similar to a mortgage that is used to secure payment due on the sale of personal property is called a ___ ___.
security agreeent
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Liquidation value may be used to establish the minimum value of a business taht is ___.
unprofitable
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The ability that a business broker must possess that distinguishes them from most other real estate brokers is knowledge of ___ and ___ ___.
accounting, corporate finance
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A business broker must be able to read and understand ___ ___ and ___ ___.
operating statements, balance sheets
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Dividing the operating expenses by the effective gross income results in the calculation of the ___ ___ ratio.
operating expense
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The risk associated with losses from storms, fire, theft, and so on is called ___risk.
static
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The money made in an investment is referred to as a ___.
return
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