Ex.1. Answer the following questions

Complete these sentences using the correct form of one of the words above.

Retained Profit

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

1. I’d like to pay in …, please.

2. The bank agreed to give the company … of $100,000.

3. The … in our company is good because we take in much more money than we spend.

4. Our … will provide capital for the planned growth next year.

5. I applied at the bank for … at 7% interest.

6. The Ford Foundation gave the economist … for research.

7. He bought a computer on ….

8. A guard asked the stranger to leave the ….

9. As Britain recovers from recession, companies will seek to raise finance through ….

10. Goods are … to our major customers first.

	distributed; share issues; premises; hire purchase; a grant; retained profit; cash flow; a loan (2); cash.

Ex.8. Fill in the missing prepositions:

Retained profit is the amount … profit … tax that directors … a business decide not to distribute … their shareholders, but to keep … the business. It is held as an increase … the capital and reserves … the business, and will be used to expand the operation … the business … the purchase … assets. Retained profits form the most important source … finance … business expansion.

(for, through, in, within, to, of (6), after)

Ex.9. These words are often confused:

to lend – to borrow
to lend	is used when it would be possible to say "give"
to borrow	is used when it would be possible to say "take"

Banks charge interest for money they _______. That means a person who ______ a certain amount must pay back more than he _______. Sometimes debtors must _______ money from a second bank to pay back the money ______ from the first bank within an agreed period. The ______ policies of banks differ widely. Some banks do not _____ money to private persons. Practically all banks, however, require a security before they _______ any money at all.

Exercises in Comprehension

1. What do businesses need financial reserves for?

2. What do companies need working capital for?

3. What are the four main ways of obtaining capital?

4. What is meant by the “retained profit”?

5. Is retained profit distributed to shareholders?

6. What are the main types of lenders to business?

7. When do companies make share flotations?

Ex.2. Sum up what you remember about:

a) financial reserves;

b) retained profit;

c) borrowing;

d) share flotations;

e) grants and loans.

Grammar Revision

First Conditional: Form: if + Present Simple/Continuous, + will + infinitive Use: We use the first conditional: s to talk about a likely situation and its probable result in the future. If the weather keeps warm, we’ll go to the river. s to give advice, threats and to make promises. If I have time, I’ll help you.

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