tailieunhanh - TOEIC Test Prep_06

Tham khảo tài liệu 'toeic test prep_06', ngoại ngữ, toefl - ielts - toeic phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | PRACTICE EXAM 1 Questions 170 through 171 refer to the following business card. HILLIARD CONSTRUCTION Quality home building from the foundation to the roof Marcos Gil General Contractor 4121 Las Palmas Ave. TEL 619-574-0835 San Diego CA 92100 FAX 619-574-0835 E-MAIL 170. What information is not provided on this card a. Marcos Gil s phone number b. Marcos Gil s title c. the hours of operation d. the company slogan 171. What does the company do a. builds houses b. writes contracts c. makes websites d. constructs roads Questions 172 through 176 refer to the following article excerpt. Determining the success of a small business can be tricky. A business may show a good profit but consistently run into cash flow problems sometimes severe ones. The idea of profit refers to a sum of money earned at a fixed but sometimes imaginary point in time. As a reference point for a business success it is the standard. However using cash flow as a reference point gives a more dynamic picture of a business success based on a constant comparison of available cash to expenses. A business owner s understanding of his own success can depend on which of these models he works from. The outlook on a business financial situation can similarly depend on whether the business follows a cash method or an accrual method of accounting. In a cash method of accounting income is reported only as payment is received while the accrual method of accounting records income as soon as the sale is made. So using the accrual method if it takes a buyer three months to send a check for the goods and services provided then a business may have trouble meeting its cash flow needs in the interim while still showing a profit. For this reason many small businesses prefer to use the cash method. The cash method is simpler and offers a more realistic picture of a business finances at any given moment in time. The accrual system however allows for more .