Something that a company owns or has use of that has a money value and can be used to help generate income. Examples are cash, inventory, accounts receivable

Billable units budget for 2017 and actual number of billable units for 2017 (rounded to the nearest thousand)

The financial statement known as an income statement can also be called this

The income a business earns from sales of its products and/or services

The practice of setting up an asset on the balance sheet and spreading its cost over the length of time it is expected to produce benefits

Financial debts or obligations of the company......what we owe

Average rental per billable unit in 2017 (rounded to the nearest dollar)

The gain or benefit received on resources (money) invested, usually expressed as a percentage (return on investment)

The costs incurred to produce a product or service which has been sold

The process of spreading out the cost of an asset over time

A list or catalog of all products a business has in their possession to sell (or in JFW's case rent) to customers, the value of these items is shown as a dollar amount on the balance sheet. And/or the action of creating that list.

The percentage increase in 2017 units targeted/budgeted for 2018

The difference between total revenue and the costs incurred to produce the products or services sold.

Revenue minus Cost of goods sold

The financial Statement that describes the cash that came into and went out of the business and the overall change in cash during a certain period of time

The portion of profits or net income that is not paid out to shareholders and is typically used to reinvest in the business

The number of billable units budgeted/targeted for 2018

Money not yet received that is owed to the company for products or services that have been sold/delivered to customers

Also known as overhead, these are non production expenses a business incurs such as sales & marketing expenses, administrative expenses, and other general operating expenses

Also known as a banking covenant, it is an agreement between a company and its lender to operate within certain limits as a condition of borrowing money

The amount of money left over if a company sold all of its assets and paid off all of its debts

The EBITDA goal for 2018

EBITDA

Total Revenue minus Total Expenses

A financial plan that shows expected revenue and expenses for a set period that is based upon goals and a reading of future financial conditions.