| Firm assets held in cash-like accounts, U.S. Money Market Funds for example alents |
| Included in Current Assets and is the most liquid asset |
| Assets or payments that the firm has not yet received from their customers |
| These might be received by the firm 30, 60, or 90 days in the future and depend on Supply Chain Contracts |
| Assets expected to be used for more than one year |
| Also called Long Term Assets, or in this class as Property Plant and Equipment (which we will treat as the only Long Term Asset) |
| Products or services being helpd for sale (accounting treatments can vary) |
| These items represent wages and taxes based on the current pay period but that haven't been paid out yet |
| A form of short term debt usually through a financial intermediary (notice that in this class the term debt is different than the term liability) |
| These are claims that need to be paid to the firm's suppliers for product or services already received and are based on supply chain contracting |
| This represent borrowing longer than one year and is the firm's long-term debt |
| This variable combined with long term debt equals the firm's Total Debt in this class (See section 3-2A) |
| Accumulated profit that has not been paid out to shareholders |