Assignment 6. Match the words with their definitions.
Date: 2015-10-07; view: 579.
indebtedness, down payment, currency, deposit,
purchases, charge, statement, certified copy, price, to finance
1) Those goods that a business buys with the intention of selling by way of trade, not goods bought for use by the business.
2) The rate at which a commodity can be exchanged for another commodity or for money.
3) To provide or arrange means of payment.
4) A sum owed; debts in general.
5) Money or its equivalent deposited by a person or organization, especially a bank for safe-keeping or as security, or to bear interest.
6) Immediate payment; the first payment under a mortgage or hire-purchase agreement.
7) Any kind of money that is in general used as cash; any generally accepted means of payment.
8) A loose-leaf sheet supplied by a bank to each customer, giving details of all debits and credits made.
9) A copy of a document which has on it a formal declaration signed by an official that it is a true copy.
10) A sum of money that has to be paid as a price, especially for services.
Assignment 7. Supply the sentences with the missing words.
payments, user, customer, price, statement, amount,
attorney, advantage, non-payment, accomplish
1) She explained the … of the new system over the old one.
2) The early computer … had to learn to speak the language of the computer.
3) We estimate month by month the … of cash that will be needed.
4) Was the … of rent to be optional?
5) He later became a prominent … .
6) How were they able to … so much so quickly?
7) There were two … in the shop at the moment I came.
8) Oil … are stable for the first time in years.
9) He was in prison for … of fines.
10) I get a bank … at the start of every month.
Assignment 8. Complete the sentences with one of the following:
much, many, few, little, fewer, less
1) … people realize how … tax they could avoid paying if they studied the tax laws.
2) … people believe they pay too … tax.
3) There is too … time and too … problems to talk about irrelevant issues.
4) There isn't … evidence to support these figures.
5) You'll pay much … tax here than in other places.
6) Very … tax authorities have clear plans for corporation tax in the future.
7) There are … opportunities to avoid tax nowadays.
8) … companies operate the FIFO method at present.
Assignment 9. Complete the following sentences with one of the prepositions:
over, at, during, since, for, in
1) … the last few months sales have been disappointing.
2) We have been expecting an upturn … the beginning of the last year.
3) … the end of the last year there was a sudden downturn.
4) He was appointed finance director two years ago and … then he has reduced the staff by 200.
5) We went through a difficult period … the middle of April.
6) We have raised prices in line with inflation … three years.
7) The dips of the price index happened … April and July.
Assignment 10. Change the following sentences from active to passive or vice versa.
1) The profit and loss account summarizes the profitability of the company.
2) This company pays 1,8 million dollars in tax.
3) The preference shareholders received a fixed dividend of 50.000 dollars.
4) The accountants calculate the taxable profit.
5) Considerable costs have been incurred by investing in property.
6) We will maximize our profits by deferring taxation.
7) Savings would have been made by reducing production capacity.
8) Earnings of 1.5 million dollars are retained by the company.
DISCUSSION
1. How would you explain the statement “The world operates on credit”?
2. What are the advantages to small firm owners of selling on customers' credit cards? What are the disadvantages?
3. What kind of policy would you establish to handle delinquent accounts? Why?
4. Express your vision of the role of selling on credit nowadays and its prospects.
UNIT 10. RISKS AND HOW TO DEAL WITH THEM
Assignment 1. Learn the following terms:
| damage injury loss absorb losses from risks subject handle inventory theft flood hurricane riots liability to employees safety liability to the public be liable for apply to retail establishment excessive loss bad debts extend credit collect accounts receivable loss through dishonest employees securities financial hardship go out of the business prospects lack of liquidity marketing risk cover fall in value drop style self-insurance reserve fund losses incurred insurance policy hedging quote commodity exchange price trend adverse trend deal in futures insure statute law pay off assume responsibility outsell erosion take the market share from smb bring forward extend a payback period average rate of return breakeven point sales target | повреждение, ущерб, убыток вред убыток покрывать убытки от рисков подвергаться управлять, осуществлять контроль, справиться товарно-материальные запасы воровство, кража наводнение ураган беспорядки обязательство перед служащими безопасность ответственность перед общественностью быть обязанным возместить вред; быть ответственным за что-либо касаться, применить предприятие розничной торговли чрезмерный убыток безнадежные долги продлевать кредит взыскивать счета к получению убыток от нечестных служащих ценные бумаги финансовые затруднения ликвидировать предприятие перспективы отсутствие ликвидности рыночный риск покрывать, обеспечивать денежное покрытие понижаться в стоимости падать, снижаться, понижаться вид, модель самострахование резервный фонд, резервный капитал понесенные потери страховой полис хеджирование, страхование от потерь назначать цену, котировать товарная биржа тенденция цен неблагоприятная тенденция сделки на срок (фьючерсные сделки) страховать статутное право; право, выраженное в законодательных актах полностью рассчитаться, оплатить взять на себя ответственность продавать больше, чем конкуренты разрушение, эрозия отнять долю рынка от кого-либо перенести на более ранний срок продлевать период окупаемости средний коэффициент окупаемости точка критического объема производства плановое задание по реализации продукции |
Assignment 2. Practice the pronunciation of the following words:
damage, injury, exception, characteristically, to absorb, theft, flood, hurricane, riot, employee, duty, legislation, responsibility, social, recent, liability, public, proverbial, banana peel, premises, to apply, apartment houses, physical, excessive, debt, basis, procedure, due to, inability, severe, dishonest, security, financial, to cause, especially, otherwise, liquidity, to cover, value, style, situation, to occur, favor = favour, existing, to realize, to remove, insurance policy, specified, reserve, fund, to incur, to purchase, to practice hedging, quantity, to quote, budget, to warn, adverse.
Assignment 3. Read and translate the text:
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| Assignment 5. Fill in the gaps with the words and expressions from the text. | | | Assignment 5. Fill in the gaps with the words and expressions from the text. |