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T

Total cash available

The amount of money a business has available before the total outflows are taken out. It is calculated by adding the total inflows to the opening balance. 

E.g. if the opening balance is £100 and the total inflows are £30, the total cash available will be £130.



total cost

Total costs of a business are the fixed costs added to the variable costs. A business needs to be able to pay the total costs of the business before it starts to make a profit.

At the break-even point a business will make neither a profit nor a loss.


Total Sale Revenue

Total sales revenue is the money received from the sales of any goods or services that a business provides. It is money that is coming into the business, and as such it is a form of income.

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Trade Credit

Trade credit must be agreed with a supplier and forms a credit agreement with them. This source of finance allows a business to obtain raw materials and stock but pay for them later.

Common terms and conditions of a credit agreement include:

credit limit - the maximum amount of credit available to the business.

credit period - the length of time the business has to pay what is owed, usually 30, 60 or 90 days

frequency of payment - how often payment is required, usually monthly

method of payment - the way in which the business makes payment

retrospective discount - a discount given when the business has purchased a certain amount of stock or raw materials

Trademarks

Trademarks are a form of intangible asset. A trademark is a unique word or symbol used to represent a business that cannot be used by anyone else. Trademarks last forever, unlike other intangibles e.g. patents.