Английский язык: Аннотирование и реферирование текста

122 Тема 6. UNDERSTANDING CAPITAL AND PROFIT Introduction No business will succeed unless it has a sound financial foundation. This means that the capital invested in the firm must: 1. be sufficient for its needs. 2. be organized in the most efficient way. But what is capital ? Unfortunately, the world capital is used in many ways. Even within the business world, it has various meanings. It is very important that, when you see the world you ask yourself "In what way is this world being used?" Capital , assets and liabilities . To understand the ways in which the world capital is used, it is to appreciate the nature of a firm’s assets and liabilities. What are assets ? Assets consist of all the things a firm owns, whether these are paid for or not. Assets fail into two groups. These are: 1. Fixed assets These remain in the firm for a relatively long period of time. Ex- amples include land, premises, machinery, equipment, vehicles. ‘Fixes assets’ is sometimes referred to as fixed capital – that is, the amount of capital invested in the fixed assets. 2. Current assets These are constantly being used and replaced during everyday business.