新编剑桥商务英语(高级)第三版5.1

1、5.1 Money expressionsVOCABULARY12How do you interpret this quotation?Money often costs too much.Ralph Waldo Emerson, EssayistComplete these flow charts. Use the words in the box.dooweinvestbetsaverepayearninvoicedwithdrawdo lend0 earnmoney be paid for your workspend money1 borrow money _ moneypay ba

2、ck money2 _ moneycharge tmake a profit3 order goods be _ for the goods pay for the goods4 _ money on a horse win moneycollect your winnings5 _ money in shares earn interest buy more shares6 go to the bank _ some moneyspend the money7 put your car up for ereceive an r _ a deal8 find a car you want to

3、 buy negotiate a discount _ money9 _ business make a profit reinvest the profit10 be short of money take out a n_ the loan3Whats the difference between the following?1 win money andearnmoney2 lendandborrowmoney3 spendandwaste money4 costs and isworth 300A bank loanSPEAKING4Work with a partner. Take

4、the roles of bank manager andloan applicant and act out the conversation. Look at thenotes and plan what you are going to say.You must decide if you are able to lend You need to borrow some money. Bethe money to the applicant. Find out:about his / her financial situation(salary, other income, saving

5、, mainoutgoings, other debts).prepared to say:what you want to buy, how muchmoney you need and for how long.what your financial situation is(salary, other income, saving, mainoutgoings, other debts).what the loan is for.Be prepared to give details of interestrates, terms of the loan, securityneeded,

6、 etc.Also find out about the interest ratesand other terms of the loan.A culture of debtLISTENING5Discuss these questions.1 Is it easy to get credit in your country, for example, tobuy a house, a car, a new TV?2 Is consumer confidence high at the moment? Why? /Why not?Exam Success3 What is peoples g

7、eneral attitude to borrowing in yourcountry?Your answer will beexact word-for-word6You will hear part of a lecture given by an economist tophrases from thelistening text. Theymust be spelta group of bankers and economists. In it she describesthe impact of Alan s economic policy onthe US and global e

8、conomies. A friend who cant attendhas asked you to take some notes. Before listeningpredict the kind of words that will go in each space.correctly7Listen and complete the notes below. Use up to threewords in each space.BusinessMAGAZINETHE LEGACY OF ALAN GREENSPANThe background1 Alan Greenspan change

9、d s attitudes to _.2 People have been against borrowing money since _.3 Now young people take out loans to pay their way through_.4 For many homeowners its normal to have a second _.The current lending market5 Credit is easy and interest rates are_.6 Banks often lend money _.7 In some states its pos

10、sible to get a Mortgagee with no _.Reasons for this policy8 As long as people are spending,_.9 In Germany, in times of uncertainly people tend to _.The future10 In 2005 American personal debt was_.11 Some people say we are sitting on _.12 Asset values will not continue to rise _.8Do you think a poli

11、cy of borrow and spend helps the economy? Ordo you think sooner or later there will be a debt crisis?9Explain the following financial terms from the text.1 to remortgage your home2 to make a down-payment3 asset values will crash4 to be in negative equity5 64 trillion dollars GRAMMAR1Underline the ex

12、pressions of comparison and the adverbs /prepositions that go with them.0Warsaw is much cheaper than Oslo.1 I find the train more comfortable than the bus.2 Wal-mart is the biggest food retailer in the USA.3 Its not as expensive as you think.4 The two articles present the same arguments as each othe

13、r.5 Hungarian is a different language to German.6 Australian food is similar to New s.7 It took me less time than I thought it world.8 The average American consumes twice as much energy as theaverage European.2What word(s) could you add to the statements in exercise 1 to show that thedifference (or

14、similarity) is big? Use these words to help you (sometimes thereis more than one possibility)much far by far over very exactly nearly completely0 Warsaw is cheaper than Oslo.Warsaw is much cheaper than Oslo.3Make comparisons (differences and similarities) between the following.1 you and another memb

15、er of your family (father, mother, brother, sister, etc)2 two cities you know well3 two employers or teachers you have had4 your own country and another country you have visited5 two companies you have worked for or colleges you have attend4Read this article about energy consumption in the USA. Writ

16、e one word tofill each gap.Although the USA has only 5% of the worlds population, it is (0) the largestconsumer of energy (1)_ far, consuming 26%. This is (2)_ sosurprising as it is also the world s largest industrialized economy. However, theUSA does waste more energy _ other nation: gas-guzzling c

17、ars whichconsume _ more fuel than the average European or Asian car; planeswhich endlessly criss-cross the country. Indeed 28% of the USAs energy isconsumed by transportation and _ all this transport uses oil for fuel.The standard for car fuel consumption in America today is _ the sameas it was twen

18、ty years ago-27.5 miles per gallon. _ last, however,there are moves by the government to control this consumption. Politicians arebeginning to realize that, of all the players in the equation, it is consumers whohave the(8)_ leverage, not the oil supplier.Choosing an investmentSPEAKING5In the city w

19、here you live (180,000 people), two independentcinemas have recently come up for sale. Both are in a popularsuburb of the city. The city has three other cinemas-a bigout-of-town mutiplex, a six-screen cinema in the centre oftown and a small independent in a different suburb.The details of the two ci

20、nema are given below. Study theinformation and decide which you think would be a betterinvestment.The Last Picture PalaceLocation:one mile from the city centre in popular student area30% of ticket sales to distributor; 35,000 p.a.; runningcosts 10,000 p.a.None (ticket office and auditorium only)In n

21、eed of repair and redecoration (40,000 investmentneeded)Price:40,000 (includes all fittings and cinema equipment)Two miles from the city centre on main road out of city620people50 cars530% of ticket sales to distributor; salaries 130,000p.a.; other overheads and taxes 85,000 p.a.single auditorium, f

22、ood and drinks counter, barIn need of complete refurbishment to create two newauditoriums 300,000 investment needed)1Facilities:Condition:Price:6Discuss your ideas with your partner, explaining your reasons.Use the language box to help you.Personally d go for option A because its I think option A ha

23、s much more going for it. For a start, its My preference would be option A becauseWe would be better off buying option A, becauseOption A offers betterI have several reservations about option B. firstly, s I think option B has several drawbacks. Its Option B, on the other hand, is too All in all, op

24、tion A represents the best solution becauseCompany financeVOCABULARY1What financial mistakes do you think small businesses mostcommonly make? Work with a partner and make a list.Not taking out insurance to cover the sudden loss of a senior /key employee.2Put these words into the right place to make

25、pairs offinancial terms.Long-term expenditure accounts receivable net fix costsRetained profit unprofitable loss debtor liabilities0 variable costs fixed costs5 profit _1 income2 assets3 gross_6 dividends _7 creditor _8 profitable _9 accounts payable _4 current _3Using the words in exercise 2 comple

26、te this passage from anonline guide for investors.Understanding financial statementsTo make good investment decisions, you need to understand the business reinvesting in. knowing when to buy and when to sell depends not only onunderstanding the market in general but also the financial health of the

27、company. Yourfirst port of call: the annual report.This contains the accounts-the balanceSheet, the income statement and the cashflow statement. Well deal with just theimportant. With all financial statements, you must compare the sets of figures fromrecent years to see how the company is developing

28、.The balance sheet is a snapshot of a companys financial position at a given moment.Imagine tomorrow you make a list of everything you own (including what in othersowe to you)-house, car, money in the bank, etc. these are your (1) _. Setagainst these everything that you owe-mortgage, credit card bil

29、l, etc. These are your(2)_. The two columns are what make up the balance sheet.With a company balance sheet you also need to consider the shareholders equity (theshares owned in the company by others). The basic equation is assets=liabilities +shareholdersequity.The (3) _ assets of a company are its

30、 buildings and equipment. As aninvestor you should pay particular attention to two kinds of current asset-the stock andthe accounts receivable (money owed to the company by customers). If the amount ofstock is growing fast, then it could be that stock isnt moving. If the accountsreceivable figure is

31、 large, then the (4) _ arent paying their bills quicklyenough. On the liability side look to see whether the debt, both short and long term, isincreasing. Is the company borrowing more and if so, why? Read the notes to theaccounts-maybe they will explain anything unusual. Look also at accounts ) _to

32、 see if the company is paying its creditors on time.The income statement (sometimes also called the profit and (6) _ account)shows the companys income and (7) _ over a given period. It lists all themoney generated by sales (the turnover) plus any other income, minus all the costsinvolved in running

33、the business. This produces the gross profit that tells you if thebusiness is healthy and operationally (8) _ (9) _ profit is theproverbial bottom line. It represents profit after tax and interest have been paid and isthe amount that can be distributed to its shareholders in (10) _ (thoughgenerally a part of this profit is retained for re-investment).A