1. TASK: Insert the appropriate word in the text below:
costs – exceed – interchangeably – ratios – selling – taxes
«Grosss income» and «net income» are the terms to describe financial __________.
Businesses use the terms gross income and gross profit __________. This means that according to businesses, gross income is to the amount of revenues that __________ the cost of goods sold. In other words, this is the amount of income left over after all the __________ of making the products have been accounted for.
This does not take into account any __________ and administrative expenses or __________. Businesses use this to compute the amount of earnings that can be used to pay these operating costs.
2. CHECK YOUR SPEAKING
|
costs |
[ kɒsts ] |
витрати |
|
exceed |
[ ɪkˈsiːd ] |
перевищувати |
|
interchangeably |
[ˌɪntə(ː)ˈʧeɪnʤəbl i] |
рівнозначно |
|
ratios |
[ˈreɪʃɪəʊz ] |
показники |
|
selling |
[ˈsɛlɪŋ ] |
торгові |
|
taxes |
[ˈtæksɪz ] |
податки |
3. SEE CORRECT ANSWER
«Grosss income» and «net income» are the terms to describe financial ratios.
Businesses use the terms gross income and gross profit interchangeably. This means that according to businesses, gross income is to the amount of revenues that exceed the cost of goods sold. In other words, this is the amount of income left over after all the costs of making the products have been accounted for.
This does not take into account any selling and administrative expenses or taxes. Businesses use this to compute the amount of earnings that can be used to pay these operating costs.
Багато інших цікавих матеріалів Ви знайдете
в підручнику “Practical Financial English”
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