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Unit Test 6: Pre-Tax Profits Forecast Recession Earnings Per Share

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Наталия Яковец
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2K views

Unit Test 6: Pre-Tax Profits Forecast Recession Earnings Per Share

Uploaded by

Наталия Яковец
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Name __________________________________________ Class ______________________________

Unit Test 6
Answer all thirty questions. There is one mark per question.
VOCABULARY: FINANCIAL TERMS
1 Complete this report with the terms from the box.
bankruptcy / debt / dividend / earnings per share / forecast /
investment / pre-tax profits / profit margin / recession / shares
Overall, it has not been a particularly good year for Bornan Engineering. (1) Pre-tax profits are
up by only €1.5 million, and the (2) forecast for the next quarter is rather gloomy. However,
despite the effects of the global (3) recession, the (4) earnings per share have increased to €0.56,
from €0.49 last year. The meeting of shareholders has approved the payment of a total
(5)dividend of €0.12 per share.

We do not plan to issue new (6) shares in the immediate future as we have decided to halt our
expansion in Central Asia. However, we shall continue to increase our (7) investment in plant
and equipment in all our markets.

Our performance in Slovenia has improved significantly owing to two factors. Firstly, our
biggest competitor went into (8) bankruptcy. Secondly, as a result of using a new distributor,
our costs fell, giving us a (9) profit margin of 30 percent on our main product line. We will use
any extra cash to reduce the level of our (10) debt.

LANGUAGE REVIEW: DESCRIBING TRENDS


2 Study the sales figures in the box. Then write one word in each space to complete the
report below. The first letter is given.
SALES (in $)
JAN FEB MARCH APRIL MAY JUNE JULY AUG
12m 8.5m 10.8m 11m 10.9m 11.5m 16.7m 18.4m
In January, sales (11) stood at $12m and then (12) fell to $8.5m the next month, when they hit
their lowest (13) point in the first half year.

Sales (14) rised to $10.8m in March and then (15) fluctuated between $11m and $11.5m in the
period April – June.

This was followed by a (16) dramatic increase in July, when sales jumped (17) from $11.5m to
$16.7m. The recovery continued in August, when sales (18) reached a (19) peak of $18.4m.

PHOTOCOPIABLE © 2010 Pearson Longman ELT 1


Like in preceding years, we expect sales to (20) level off in the next two months, after which
they will probably decline gradually over the autumn and winter months.

SKILLS: DEALING WITH FIGURES


3 Write the underlined numbers in these sentences in words or as numbers. For example:
They acquired Santol in 1999. nineteen ninety-nine
Food prices increased by three percent. 3%
21 A third of the population lives near the poverty line.

_______1/3

22 About 3/4 of the shareholders agreed.


___three quarters

23 Inflation is up by only 0.28%.


_zero point two eight

24 They cost ¥380 each.


__three hundred and eighty yen

25 Five hundred and fifteen people visited the trade show yesterday.
_515

26 Profit increased by 18.5%.


_eighteen point five percent

27 They lost one million three hundred and seventy-five thousand euros.
_€1 375 000

28 Their debts amount to $3.5bn.


_three point five billion dollars

29 They’ve postponed the project till 2015.


_twenty fifteen

30 It costs exactly $4.99.


_four dollars ninety nine

PHOTOCOPIABLE © 2010 Pearson Longman ELT 2

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