Unit 5 Money

1、Unit 5A bank is a place that will lend you money if you can prove that you dont need it.MoneyStarting upAAnswer these questions individually. Then compare your answers with a partner.1 How much cash do you have with you at the moment? Do you:a) know exactly?b) know approximately?c) not know at all?2

2、 Do you normally check:a) your change?b) your bank statements and credit card bills?c) restaurant bills?d) your receipts when shopping?e) prices in several shops before you buy something?3 Do you:a) give money to beggars?b) give money to charities?c) give away used items, such as clothing?4 If you g

3、o for a meal with someone you dont know well, do you:a) offer to pay the whole bill?b) suggest dividing the bill into equal parts?c) offer to pay the whole bill but expectthem to pay next time?d) try to avoid paying anything?5 What do you think about people who do not pay the correct amount of tax?

4、Is this:a) a serious crime?b) morally wrong but not a crime?c) excellent business practice?6 If you lend a colleague a small amount of money and they forget to pay it back, do you:a) say nothing?b) remind them that they owe you money?c) arrange to go for a drink with them and say youve forgotten you

5、r wallet or purse?SkillsDealing with figuresACorrect any incorrect information.BUSINESS IN BRIEFYahoo has strengthened its European presence with the ($578m) acquisition of Kelkoo, the French-based on-line shopping service. The European on-line retail market is forecast to grow to in the next three

6、years.The Nikkei 225 Average climbed 0.7 percent to while the Topix index rose 1.2 percent to . Banking shares benefited most, with Mizuhojumping percent to 437,000, SMFG rising 4.7 percent to , MTFG gaining 7.9 percent to close at and UFJ up 4.2 percent to .From The Financial Times375m475m116bn107b

7、n10,364.9911,364.991,145.901,145.955.75.6852,000752,0001,019,0001,050,000656,000646,000SkillsDealing with figuresCWrite all the numbers and symbols in full, according to the way they are pronounced. For example, 3.1m: three point one million euros.475m $578m a107bn 0.7 percent 11,364.99 1.2 percent

8、1,145.95 5.6 percent 437,000 4.7 percent 752,000 7.9 percent 1,050,000 4.2 percent 646,000 four hundred and seventy-five million eurosfive hundred and seventy-eight million dollarsone hundred and seven billion eurosnought (or zero) point seven percenteleven thousand, three hundred and sixty-four poi

9、nt nine nineone point two percentone thousand, one hundred and forty-five point nine fivefive point six percentfour hundred and thirty-seven thousand yenfour point seven percentseven hundred and fifty-two thousand yenseven point nine percentone million and fifty thousand yenfour point two percentsix

10、 hundred and forty-six thousand yenVocabularyFinancial termsAMatch the definitions 1 to 6 with the financial terms a) to f ).1 money owed by one person or organization to another person or organization2 a period of time when business activity decreases because the economy is doing badly3 difference

11、between the selling price of a product and the cost of producing it4 a place where company shares are bought and sold5 money which people or organizations put into a business to make a profit6 equal parts into which the capital or ownership of a company is divideda) gross marginb) recessionc) shares

12、d) debte) stock marketf ) investmentVocabularyFinancial termsBMatch the sentence halves.1 Earnings per share are2 A forecast is3 Bankruptcy is4 A dividend is5 Pre-tax profits are6 Revenues area) a part of the profits of a company paid to the owners of shares.b) a companys profits divided by the numb

13、er of its shares.c) a description of what is likely to happen in the future.d) money which businesses receive from selling goods or services.e) when a person or organization is unable to pay their debts.f ) the money a business makes before payment to the government.VocabularyFinancial termsIn our h

14、ome markets it has been another excellent year. _ are up by 23 million, and the _ for the next quarter is equally good. Profits from abroad are down because of a _ in Japan. However, our performance overall has been good, and the _ have increased to 26.4p and the _ will be increased to 4.3p per shar

15、e, which will please our shareholders.We plan to issue new _ in order to finance expansion in Asia. We also plan to increase our _ in plant and equipment before entering the Chinese market. We are particularly pleased with our performance in France and Germany where _ have increased. As a result of

16、using a new distributor, our costs fell, giving us a _ of 40 percent on our main product line. We will use any extra cash to reduce the level of our _.Our performance in Italy should improve significantly following the _ of our biggest competitor. However, we should not become too satisfied with our

17、 share price as economic conditions remain uncertain and the _ will continue to reflect this. Share prices will not rise in the short term.CComplete this reportPre-tax profitsforecastrecessionearnings per sharedividendsharesinvestmentprofitsgross margindebtbankruptcyrevenuesListening Raising busines

18、s capitalAHugh Campbell is the founder of GP Capital, a London-based finance firm which raises money for entrepreneurs. Listen to the first part of the interview and complete the chart.Type of businessType of investorBusiness set up by new entrepreneursBusiness borrowing up toBusiness borrowing more

19、 than BanksPrivate investorsVenture capitalistsListening Raising business capitalBListen to the second part of the interview and answer these questions.1 According to Hugh, which three areas do venture capitalists look at when selecting companies to invest in?2 What type of market is good to invest

20、in and why?3 What helps some businesses to win against other companies?4 What three questions would Hugh ask the management team?The market, the industry & the management team.One that is large and growing fast because this will provide the high returns a venture capitalist is interested in.Intellec

21、tual property or patents.How well do they understand the market and the industry that they are going into?How much do I trust what the management team say about the potential for success?Does this individual manager have the personal commitment to deliver on this plan?Listening Raising business capi

22、talCListen to the third part of the interview. What kind of company does Hugh describe? Why did he like this type of company?Hugh describes a company set up by people from Oxford University that develops software for the computer games industry.Hugh likes this company because a) the company owns a l

23、ot of intellectual property and b) the video games market is growing very fast.1 Hugh was offered the chance to buy fifty percent of an Internet business.2 He didnt invest because he thought the management team was weak.3 The business did very well for a couple of years.4 It was sold for twenty time

24、s its original value.DListen to the final part of the interview. Which of these statements are true?falsefalsefalsetrueReading Reporting financial successABefore you read the articles decide which of these statements are true.1 Both Wal-Mart and Target Stores are based in the UK.2 Wal-Mart is the wo

25、rlds largest retailer.3 Target is not a competitor of Wal-Mart.BfalsefalsetrueRead the articles and complete the chart below.Wal mart4th quarterTarget 4th quarterWal Mart full yearTarget full yearTotal profitsIncrease in Profits/earningsEarning per shareSales revenues$2.7bn$832m$8.9bn$1.84bn11%21.1%

26、13.3%11.4%63 cents 91 cents$2.03$2.01$74.5bn $15.57bn $256.3bn$48.16bnReading Reporting financial successDRead both texts and answer the questions. Which company:1 feels confident about the future?2 has developed a more fashionable image?3 had particularly good results overseas in the last 12 months

27、?4 is not planning to increase prices?5 did better than the American stock market forecast?6 feels its success is due to the variety of its goods?Reading Reporting financial successEMatch the words to make word partnerships from the text.1 consumer a) division2 tax b) pressure3 international c) refu

28、nds4 quarterly d) spending5 price e) earnings1 the money people spend on goods and services2 money given back at the end of the financial year3 company profits for a three-month period4 part of a company which deals with or is located overseas5 decreasing or freezing the price of goods or services i

29、n order to gain an advantage over competitorsFMatch the word partnerships in Exercise E to their definitions.Consumer spendingTax refundsQuarterly earningsInternational divisionPrice pressureLanguage reviewDescribing trendsWe can describe trends in English in different ways. Verbs of changeProfits s

30、oared 18.5%.Profits are falling.Sales plummeted in January.PrepositionsProfits rose 11% to $2.7 billion.Profits have gone up from 3 million to 4 million euros.Our business grew by 10% last year.Theres been a decrease in annual sales of 1 million euros.Last year profits stood at 2.5 million pounds.Di

31、fferent verb formsThe figures show a positive trend. Were watching the trends carefully. Last year we made a loss. In recent months our profits have risen dramatically.If sales drop further, well be in serious financial difficulty. Language reviewDescribing trendsdecline, decrease, fall, dropfluctua

32、tegain, improve, increase, risehalvelevel offpeakplummetrecoverrocket, jumptripledoubleAMatch the verbs to the symbols.Language reviewDescribing trendsBWhich of the above verbs also have noun forms? What are they?For example, to increase an increase.1 a decline 2 a doubling 3 a decrease 4 a gain5 a

33、fall 6 a fluctuation 7 a drop 8 a halving9 an improvement 10 an increase 11 a leveling off12 a peak 13 a tripling 14 a rise 15 a plummet16 a recovery 17 a jump1 Sales have increased . 5m . 7m.2 Sales have increased . 2m.3 There has been an increase . 2m in our sales.4 Sales now stand . 7 million.5 S

34、ales reached a peak . 7 million in July.6 Sales reached a low point . 1 million in April.CComplete these sentences about the graphs below with appropriate prepositions.fromtobyofatofofLanguage reviewDescribing trendsDWrite two more sentences about each of the graphs below.Sales rose to around seven

35、million this year compared to four point seven five million last year.Sales jumped to seven million this year.Sales rose in the first three months, but plummetedin April.There was a tripling of sales in May compared to April.CASE STUDYAngel InvestmentsBackgroundCompanyHeadquartersBusiness activities

36、Planned InvestmentCompanies for potential investmentAngel Investments (AI)Warsaw, PolandInvesting in start-up or small companies and larger companies with growth prospects10 millionTechnoprint UnibrandOnline Fashions Anazon VenturesCASE STUDYAngel InvestmentsCompany Head Office Business Analysts reportTechnoprintUnibrand Online FashionAnazon VenturesFrankfurtGermanyInkjet & laser printersA reliable company with good performance but may have labor problemsAmsterdamNetherlandsFashion retailerUnable to meet sales target for t