- •Министерство образования и науки Российской Федерации
- •Учебное издание н. И. Эмерель, н. Ю. Павлова, и. И. Бакалдина Linguaphone Business English
- •Часть 1
- •Company structure
- •Ground Plan of Headquarters
- •File 1 File 1
- •Company: Can-Am Sports
- •Telephone Number: (416) 555-8000
- •Exercise 4. Complete Thomas Willhite’s notes on Annique Demeyer’s report. Use the words given.
- •Revision of the file
- •Mind the prepositions
- •Indicates
- •Read the text
- •Revision of the file
- •Willhite: Look, Colin, I can’t talk now. I’m in the middle of a meeting.
- •Revision
- •Role play
- •Invent a company and make a presentation of it in class.
- •Body care
- •What is franchising?
- •To crown – to complete worthily; to make smth perfect or complete, by adding an achievement
- •Business woman of the year
- •Answer the questions:
- •What were the main reasons for the company’s success?
- •Revision of the file
- •Revision of the file
- •A (business) contact – a person, especially in a high position, who can give you useful information or introductions which will help you at work or socially
- •Role plays
- •Pj foods ratonalises european operations hundreds of managers to go
- •Supersub: clean; simple; healthy
- •I was thinking we might offer group discounts
- •Debt crisis
- •Government measures
- •Consequences
- •Current position
- •Revision of the file
- •Revision of the file
- •Money transfer – movement of money from one account to another
- •Revision and extra activities
Revision of the file
Exercise 1. Read and translate the sentences in which the words from the glossary list are used.
Exercise 2. Make up a phone conversation based on the correspondence between Star-Line and Essil d’Or to discuss the problem of payment.
Exercise 3. Translate from Russian into English.
75% экспортных доходов поступает от продажи нефти.
В 1981 году цены на нефть резко упали и внешний долг страны возрос до 19 млрд долларов.
В целях стимулирования экономики правительство ввело меры по ограничению импорта, что привело к некоторому улучшению платёжного баланса, но застой продолжался.
Введение лицензий на импорт и дополнительного налога привело к снижению объёма импорта.
Вследствие жёстких ограничений в покупке иностранной валюты компании не в состоянии оплачивать импортные заказы.
Чтобы привлечь иностранную валюту в страну, бизнесменам было разрешено открывать внешние счета.
Импортёрам было разрешено сохранять не более 25% валюты, но они могли бы купить её, при этом имеющуюся в наличии валюту получал тот, кто предлагал наиболее высокую цену.
Условия предоставления кредита предусматривают, что оплата должна быть произведена в течение 30 дней с даты получения счёта-фактуры.
В прошлом компания зарабатывала достаточно иностранной валюты, т.к. имела несколько торговых точек в свободных от пошлин зонах.
Exercise 4. Give the summary of the file.
FILE 2
Glossary
Make sure that you know these words. Find their Russian equivalents.
turnover – total value of business done during a given period of time
gross profit – difference between the value of sales and the cost of goods sold
interest payable – money (per cent) paid for the use of money
charge interest on – ask to pay money for the use of money
net profit – profit after payment of income tax
fixed assets – possessions of a long lasting and unchanging nature such as land, buildings, machinery
current assets – assets which can be consumed or turned into cash (stock, raw materials, book debts (syn. circulating assets)
stock – a store of goods or raw materials
debtors – a person owing money to another
liabilities – an amount of money owed by a business to the supplier, lender, etc.
current liabilities – debts that must be paid within one year
long term liabilities – money that must be paid after more then one year
accruals – continual increase and growth
creditors – a person or business to whom another person or business owes money
net assets – difference between assets and liabilities (excess of assets over liabilities)
provision for tax – setting aside (keeping) money (reserves) for tax that the company will probably have to pay
give priority – deal with what is the most important first, consider smth that needs attention before others
statement of account – a document sent regularly to a buyer who has an account with a particular seller, showing the dates of invoices sent to the buyer, the dates and amounts of payments made and the total that must be paid
open account (charge account, credit account) – an arrangement by which the customer can buy goods up to an agreed value every month and is allowed to pay for them at the end of an agreed period
meet orders – fulfill orders
withdraw credit facilities – to remove, to take back; to cancel credit agreement
hard currency – currency that keeps its value or whose value increases in relation to other currencies, and is used for international payments
Nigeria’s debt crisis and government measures to reduce imports are creating problems for Star-Line Jewellers. The company is having difficulty making payments abroad. Its foreign trade debts are rising. Essil d’Or of Paris, one of Star-Line’s main suppliers, is showing concern.
Θ Star-Line’s accounting year ends on the 31st March. The annual accounts indicate the company is still having difficulty making payments abroad. According to the accounts, Star-Line now owes Essil d’Or $151732 – an increase of $133606 in three months.
Read the accounts for the current year.
Profit and Loss Account |
Balance Sheet |
Current year $ 000 Turnover 5710 Cost of goods sold Purchases 1715 Import Duties 515 Import Surcharges 326 Air Freight & Insurance 49 2605 |
Current year $ 000 Fixed assets 889 Current assets Stock 223 Debtors 53 Cash 185 461
Total assets 1350 |
Gross Profit 3105
Expenses Administration 2570 Interest payable 50 2620 |
Current liabilities Trade creditors: Amounts due within one year 390 accruals 106 496 |
Profit before tax 485 Provision for tax Corporation Tax (40%) 194 Local (State) Tax (7%) 34 $ 228 |
Long term liabilities Creditors: Amounts due after More than one year 125 Bank loan 250 Directors loan a/c 50 425 |
Net Profit $257 Notes
Duty-free shops at Lagos & Kano airports 4 493 880 Falomo Shopping Centre Ikoyi (Lagos) 6 months 1 216 034
Total $ 5 709 914
|
Total liabilities 921 Net assets $ 429 Capital reserves Common shares 100 Profit and Loss a/c 322 $ 429
Notes
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Θ Exercise 1. These are Star-Line’s accounts for last year. Listen to the recording and write in the missing figures.
Profit and Loss Account |
Balance Sheet |
Last year $ 000
Turnover ...... Cost of goods sold 1697 Gross profit ... .…… Expenses 2173 Profit before tax ......... Provision for tax 146 Net profit 210 |
Last year $ 000 Fixed assets .......... Current assets ……… Stock ……… Debtors 21 Cash 35 463 Total assets 862 Current liabilities Trade creditors ....... Accruals 98 218 Longterm liabilities Creditors 110 Total liabilities 328 Net assets 534 Capital reserves Common shares 100 Profit & Loss a/c 434 534
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Exercise 2. Compare last year’s figures with the figures for the current year. Tick the
correct box ( √ ).
Turnover
is up on last year
is down on last year
is about the same as last year
Net profit
has gone up since last year
has gone down since last year
is about the same as last year
Capital reserves
have increased since last year
have decreased since last year
are about the same as last year
Current assets
are up on last year
are down on last year
are about the same as last year
Net assets
have risen since last year
have fallen since last year
are about the same as last year
Gross profit
is higher than last year
is lower than last year
is about the same as last year
Exercise 3. Make the conclusion about company’s current financial situation.
Θ Star-Line can apply to the Central Bank of Nigeria for the extra foreign currency it needs, but it must first have an import licence. The company has applied for a licence, but there are delays. «We are giving priority to imports of essential raw materials, machinery, and agricultural equipment » officials at the Ministry of Commerce explain. Early in April, Star-Line receives this letter.
Read the letter.
Essil d’Or 5 rue de la Paix 75001 Paris
Tel (+331) 47208898 Telex 26172 Essil Fax (+331) 47204128
Mr. Johnson Odusanya Managing Director Star-Line Jewellers Nigeria Ltd. 17 Falomo Shopping Centre Ikoyi Island Lagos Nigeria
Dear Mr. Odusanya
I enclose an up-to-date statement of your account. I note that in spite of previous requests, several items remain long overdue. As you know, our open account terms are payment in full within 30 days of date of invoice. Over the past months, we have continued to fulfil your orders because you have always settled your accounts satisfactorily.
However, in view of the present situation, I now have to advise you that Essil d’Or cannot meet your April order, or any subsequent orders, until all outstanding sums have been paid in full.
I also have to advise you that unless your payment is received within 14 days of the date of this letter, Essil d’Or will withdraw credit facilities from your company.
Yours sincerely
Christine Calvet Export Sales Manager
Encl : 1
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Θ Now listen to recorded extracts from the letter.
Exercise 4. Read Christine Calvet’s letter straight through twice. Then read these three summaries. Which of the summaries gives the essential information in the letter? Tick the correct variant ( √ ).
Star-Line’s account is overdue. Essil d’Or has continued to fulfill orders because Star- Line’s a good customer. But now Essil d’Or won’t meet any more orders until the outstanding sums have been settled. ( )
Essil d’Or encloses an up-to-date statement of account. Some items are long overdue. Essil d’or will withdraw credit facilities, unless Star-Line settles the account in full within the next 14 days. ( )
Essil d’Or will not meet any more orders until Star-Line has settled the account in full. ( )
If Star-Line does not pay within 14 days, Essil d’Or will withdraw credit facilities. ( )
Exercise 5. Find the definition (a-j) for each expression (1-10). Give Russian equivalents.
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a) late, not paid on time b) tell, inform, warn c) conditions d) not yet paid e) considering, taking into account f) later, following g) remove, take back h) expected now, owed i) things sold j) completely
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Exercise 6. Look through Star-Line’s statement of account. Then answer these questions.
STATEMENT OF ACCOUNT
Please quote your account number on orders, payments, and correspondence.
Account No. This statement does not include invoices S 124209 issued or payments received after 28/3/19..
Date Reference Debit Credit Balance
7/11/19.. Invoice P4527 475 192 475192 28/12/19.. Payment 368249 106943 4/1/19.. Invoice KO173 479198 586141 18/1/19.. Invoice K 5420 484 768 1070909 7/2/19.. Payment 363712 687179 16/2/19.. Payment 365859 321338 21/2/19.. Invoice P6004 468200 789538 6/3/19.. Payment 380709 404830 13/3/19.. Invoice R7115 490390 895220 Amount Due F 895220 |
What is Star-Line’s account number ? S 124209
How much was invoice KO173 ? F 479198
What was the balance on 16 February ? _____________________________________
What was the date of invoice P6004 ? ______________________________________
How much did Star-Line pay on 28 December ? ______________________________
Which invoice was dated 18 January ? _____________________________________
How much was debited from the account on 21 February ? ______________________
What is the amount due now ? ____________________________________________