Samarkand iktisodiyot va servis instituti

Lesson 19. ECONOMICS AS A SCIENCE. CASH TERMS.

Ilova 1 (19.1)

Cash terms

Read the definitions below, then complete the phrases that follow by combining an appropriate word from the box with cash.

advance delivery hard price settlement
budget flow petty ready
1 Small amounts of money in notes and coins for regular, .......... cash
small purchases.

2 Money in notes and coins, not cheques or credit card transfers. .......... cash

3 Cash which comes in to a company from sales, after costs, cash ..........

overheads, etc.

4 Payment when the customer receives the goods. cash on ......

5 Plan of cash income and expenditure. cash ..........

6 A loan in cash against a future payment. cash ..........

7 Notes and coins available for immediate expenditure. .......... cash

8 Payment of a bill with cash. cash..........

9 A low price for payment in cash. cash ..........

Ilova 2 (19.2)
Key terms in managing company finances


A Match the phrases on the left with a word or phrase on the right which means the same.

1 contribution ratio a) turnover

2 fixed costs b) gross profit margin

3 variable costs c) overheads

4 income from sales d) direct costs

B Match the term on the left with an appropriate definition on the right.

1 contribution a) The number or total value of sales necessary to

equal all costs.
2 capital costs
b) Net value of a company (total assets less total
3 gearing liabilities).

4 retained profit c) Net profit available for reinvestment in the

company.
5 work-in-progress
d) Sales income less variable costs.
6 wealth
e) Selling price less variable costs divided by volume
7 unit contribution of production.

8 break-even point f) Cost of buying fixed assets such as buildings,

equipment, vehicles.

g) Relationship between the cost of borrowing money

and the total equity capital.

h) Work done which has cost the company but has

not yet been sold.

Ilova 3 (19.3)