Assets Total resources of a corporation, such as cash, fixtures, real estate, etc. Asset Turnover Ratio of net sales to average assets. The statement of financial position that shows total assets equal to total liabilities plus owners' equity . Bank Loans Money borrowed from the bank, usually of a short-term nature. Bond A certificate to show evidence of debt where there is a trustee to represent the lenders.
Bonds pay interest to their creditors.
The value of something on the books. Typically refers to stockholders' equity or plant and equipment net of depreciation . Break Even Point Activity or volume level at which net income equals zero. Volume level at which a corporation covers its fixed costs. Breakeven Volume Volume level at which a corporation reaches its breakeven point, measured by the total fixed costs divided by the contribution margin per unit .