Vocabulary Notes

• m

  5. Income Statement of HiFi Sounds

  In dollars	1999	1998
  Net sales	54120	22367
  Cost of goods sold	38101	14581
  Gross profit	16019	7786
  Selling expenses	7732	3818
  General and administrative expenses	2944	1512
  Depreciation and amortization	1004	672
  Other operating expenses	1351	1192
  Total operating expenses	13031	7194
  Operating profit	2988	592
  Interest on marketable securities	0	0
  Other income (including long-term investments)	2224	232
  Interest expense - term notes	0	0
  Interest expense - notes payable	239	151
  Interest expense - long-term debt	41	44
  Other noninterest expense	0	0
  Profit before taxes	4932	629
  Income taxes	1545	60
  Net profit	3387	569
  Dividends	0	0
  Retained earnings	3387	569

  arketable securities - ценные бумаги, имеющие рыночную котировку;

• accounts receivable - счета к получению;

• inventory - производственные запасы;

• prepaid expenses - расходы оплаченные;

• current assets - текущие активы;

• fixed assets - основные средства;

• gross - валовый;

• long-term investments - долгосрочные инвестиции;

• intangible assets - нематериальные активы;

• noncurrent assets - внеоборотные активы;

• notes payable to bank - текущая задолженность перед банком;

• accounts payable - счета к оплате;

• term notes with current maturity - срочные обязательства с отплатой в текущем периоде;

• long-term debt with current maturity - долгосрочные долговые обязательства с оплатой в текущем периоде.

Vocabulary Notes

• net sales - поступления от продаж;

• cost of goods sold - себестоимость продаж;

• gross profit - валовая прибыль;

• selling expenses - издержки по реализации;

• general and administrative expenses - общие и административные расходы;

• operating profit - прибыль от текущих операций.

Test

1. Найдите русские эквиваленты к английским терминам в колонке

слева.

1. gross	1. баланс
2. balance sheet	2. касса и корреспондентские
3. consumer loans	счета в других банках
4. cash and due from banks	3. валовой
5. allowance	4. ссуды физическим лицам
6. fees	5. комиссионные платежи
7. interests revenue	6. скидка (на товары)
8. premises	7. помещения
9. net income	8. ссуды для перепродажи
10. loans held for sale	9. процентный доход 10.чистый доход

2. Выберите английские эквиваленты к русским терминам в колонке слева.

1. операционные расходы	1.	available for sale
2. легкореализуемые	2.	acceptances outstanding
3. счета к получению	3.	accounts receivable
4. обязательства по банковским	4.	accruals
акцептам	5.	maturity
5. погашения	6.	issuance
6. начисления	7.	real estate
7. эмиссия	8.	treasury stock repurchases
8. выкуп собственных акций у	9.	proceeds from sale
акционеров	10. operating expenses
9. недвижимость
10. поступления от продаж

Exercises

1. Прочтите Vocabulary Notes к каждому тексту.

2. Прочтите и переведите каждую позицию в Financial Reports (Text №1).

3. Сравните цифры по каждой позиции по годам и назовите позиции, которые имеют:

1. более высокие показатели;

2. более низкие показатели.

4. Выполните такие же задания по каждому тексту - №2, №3, №4,

№5.

Final Test

Выберите термин к соответствующему определению справа.

1. money

2. balance sheet

3. medium of exchange

4. store of value

5. credit card

6. commercial bank

7. insurance company

8. check

1. Temporary accumulation of wealth while it is needed for new purchases currency. Two of the components of the money supply - coins and paper money.

2. Statement of a funds financial position on a particular date.

3. Means of facilitating exchange and eliminating the need for a barter system.

4. A financial institution to the amount specified from funds on deposit.

5. Plastic card in making credit purchases; special credit arrangement between issues card holders and merchants.

6. Profit-making business that holds deposits of individuals and business in the form of checking or saving accounts and issues these funds to make loans to individuals and business.

7. Business that provides protection for policy holders in return for premium payments discount rate -interests rate changed by the Federal Reserve System on loans to members.

8. Generally accepted as a means of paying for goods and services.

1. revenues

2. exchange

3. asset

4. liability

5. equity

6. selling expenses

7. statement of cash flow

8. fixed assets

1. Information on a firm's cash receipt and cash payments that presents the sources and uses of cash for the firm.

2. Funds reserved from sales of products and services and from interest payments, dividends, royalties and rents.

3. Process of which two or more parties give some of value to one to satisfy fell needs.

4. Claim of the form creditors.

5. Claim against the assets of a business.

6. Anything of value owned or leased by a business.

7. Relatively permanent assets expected to be used for periods.

8. Expenses incurred in marketing and distributing goods and services.