Ex.6. Look at the words and phrases in the box. Match them with the correct definition from the list below.

1. the money that a business spends in order to produce goods or services;

2. the quantity of goods produced;

3. the money spent to run a business, such as rents, salaries, heat, etc.

4. items of value to a person, business, or institution;

5. money owed by a company; a debt;

6. money that is owed to a business;

7. a sum of money paid into a bank;

8. an amount of money spent;

9. debts that are payable on demand or within one year;

10. money owed that does not have to be repaid until some future date;

11. the cost of materials, labour, etc. involved in making a product.

Ex.7. Write the appropriate word or phrase in the following spaces. Translate the sentences into Ukrainian.

1. We had to increase prices this year just to cover our ….

2. Factory workers have increased … by 10 %.

3. It took him years to pay off all his ….

4. … are bills that the company expects to pay in the near future.

5. … include rent.

6. Updating these machines will increase our … this year.

7. The company does not have enough money to meet its ….

8. He is … to pay his debts.

9. The assets help … the income of the company.

10. The company was forced to sell off its ….

11. Telephone bills, payroll, and rent are some of our monthly ….

Ex.8. Fill in the missing prepositions:

Assets

Current assets are cash and other assets that can be quickly converted … cash or that will be used … one year. Cash is the most liquid asset, so it is listed first. Following that are stocks, bonds, and so on – that can be converted … cash … a matter … days. Next are the firm’s receivables.

Fixed assets are assets that will be held or used … a period longer than one year. They generally include land, buildings, and equipment.

Intangible assets are assets that do not exist physically but that have a value based … legal rights or advantages that they confer … a firm. They include patents, copyrights, trademarks. They are … value … the firm … a number … years.

(to, on (2), for (2), of (3), in, into (2), within)

Ex.9. These words are often confused:

price worth cost value