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Шургина,Мушинская Методичка 4 курс финансы 111.doc
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  1. Choose the correct answer to make a sentence:

  1. The accounting term income is synonymous to term ___________ .

A) balance B) net worth C) revenue

  1. ___________ are payments made by a company to its shareholders.

A) shares B) dividends C) invoices

  1. In economics, business, and accounting, a ___________ is the value of money that has been used up to produce something, and therefore is not available for use anymore.

A) volume B) cost C) price

  1. A ___________ is a unit of account for various financial instruments including stocks, mutual funds, limited partnerships, and REIT's (real estate investment trust).

A) share B) bill C) turnover

  1. A ___________ ___________ is a market for the trading of company stock, and derivatives of same.

A) supermarket B) hypermarket C) stock market

  1. __________ __________ is the quality of how marketers go to market with the goal of optimizing their spending to achieve good results for both the short-term and long-term.

A) marketing effectiveness B) financial plan C) net profit

  1. _________ _________ is typical price multiplied by volume, a kind of approximation to the dollar value of a day's trading.

A) net profit B) gross profit C) money flow

  1. An __________ __________, is a financial statement for companies that indicates how revenue (money received from the sale of products and services before expenses are taken out, also known as the "top line") is transformed into net income (the result after all revenues and expenses have been accounted for, also known as the "bottom line"). The purpose of it is to show managers and investors whether the company made or lost money during the period being reported.

A) balance sheet B) income statement C) financial plan

  1. An income statement is also called a _____________________ .

A) Profit and Loss statement (P&L) B) Assets and Liabilities Statement

  1. Answer the following questions:

  1. Why do public companies publish annual reports?

  2. Who uses the information in a profit and loss account?

  3. A balance sheet shows total assets and total liabilities: Which term refers to what the company owns and which refers to the company's debts?

  4. Do the directors or the shareholders own the company?

  5. A dividend is the share of the _______ that the shareholders receive.

  6. Which word means the total sum of money which is coming into the company?

  7. Profit minus the costs associated with preparing the goods for sale is called gross/net profit.

  8. The total profit without subtracting costs and overheads is called gross/net profit?

  1. The noun and the definition are matched. Choose the correct adjective to complete the word partners:

annual

opportunity

=A chance to make your money work for you.

interest

chart

=A circular graph divided into sectors.

investment

sheet

=A document showing assets and liabilities.

operating

number

=A number which shows order or sequence.

balance

number

=A number which shows quantity.

net

report

=A yearly publication showing a company's financial position.

ordinal

cost

=How much companies spend on workers' wages.

cardinal

profit

=How much the company is making after deducting production costs.

labour

rate

=The amount the bank charges you to borrow money.

pie

profit

=The gross profits minus the cost of overheads