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E: Hello everyone! And welcome to EnglishPod! My name’s Erica.
M: And I’m Marco.
E: So, Marco, how’re you doing today?
M: I’m great! I’m really happy to be back, ready to deliver another great podcast for all our listeners.
E: That’s right! And we’ve got an intermediate lesson today about spending money.
M: Yeah, specifically, spending money in a company.
E: That’s right, we’re going to be listening to a business meeting as a company describes how they’re spending money.
M: Right, and they’re actually looking at their profit and loss statement, so…
E: Okay.
M: That’s kind of interesting.
E: Well, Marco, can you tell us a little bit about a profit and loss statement?
M: Uh, yeah, sure! Well, all companies come out with a profit and loss statement every year or every three months and it’s basically a document that shows all the money that the company is spending and all the money the money that the company is earning.
E: So, it’s a document that outlines how much money the company makes and how much it… it spends.
M: Right, so, in the end, basically, it’ll tell you we’re making money or we’re losing money.
E: Okay, so, we’re gonna be listening to, uh, some people discuss a profit and loss statement in just a moment. But before we do that, it’s time for “vocabulary preview”.
Voice: Vocabulary preview.
M: Okay, great! So, today on our vocabulary preview we have two words for you, so, let’s take a look at the first one.
E: Expenses.
M: Expenses.
E: Expenses.
M: Expenses.
E: So, expenses are things that you have to spend money on regularly.
M: Right, so, for example, in a company regular company expenses are salaries or office supplies or the phone bills, internet bills.
E: Okay, and maybe in a household or a family your expenses might be your food, perhaps your transportation or your rent or your heating bills, so, these are all things you spend money on regularly. They’re expenses.
M: Expenses, great! Let’s take a look at our second word – through the roof.
E: Through the roof.
M: Through the roof.
E: Through the roof.
M: So, when something is through the roof, it’s…
E: Really, really, really, really high.
M: Really high. Hehe. So, for example, we can talk about gas prices are through the roof lately.
E: Yeah, that’s totally true. Gas prices have gone really high in the past couple of months.
M: So, when we talk about through the roof, it means that the number is really high.
E: That’s right, we typically use this word with numbers. It also gives you the idea that the number has risen really quickly.
M: Yeah, exactly! Hehe.
E: Okay, so, through the roof.
M: Through the roof.
E: Alright, Marco, do you think it’s time for the dialogue?
M: Yup, let’s listen to the dialogue. As always the first dialogue is gonna be a little bit fast, so, it might be a little bit difficult, but…
E: Don’t worry if you don’t understand everything, because we will explain all the key language in a minute.
A: OK, so now the last point on our agenda. Jill, let’s go over the profit and loss statement.
B: Great. Well, the main issue here, as you can see, is that our expenses are through the roof.
A: Let’s see… These numbers are off the charts!
What’s going on here!
B: Well, um, sir, the company expenditures on entertainment and travel are out of control. Look at these bills for example. Just this month we’ve paid over twenty thousand dollars for hotel charges!
A: OK, thank you. I’ll look into it.
B: The list goes on and on. Here, this is a bill for five thousand dollars for spa treatments!
A: Thank you; that will be all. I’ll take care of it.
B: Look at this one sir, eight thousand dollars were spent in one night at a place called ”Wild Things”?!
A: OK, I get it!! Thank you for your very thorough analysis!
DIALOGUE, FIRST TIME
E: Okay, so, this accountant, she is, uh, pretty thorough, hey?
M: Hehe. She’s really persistent about her job and the manager apparently is a little bit embarrassed.
E: Hm, I wonder why that could be.
M: Hehe. Well, we’ll talk about that in a little while. Why don’t we take a look at our language takeaway for today?
Voice: Language takeaway.
E: In today’s language takeaway we’re going to look at three words and the first word is expenditures.
M: Expenditures.
E: Expenditures.
M: Expenditures.
E: So, expenditures sounds pretty close to expenses, right?
M: It’s pretty similar, but it has a little bit of a difference, so, why don’t we listen to some examples and see if we can understand?
Voice: Example one.
A:??? to president I will increase expenditures on health and education by twelve per cent (12%).
Voice: Example two.
B: We really need to control our travel expenditures. From now on all managers will fly economy class.
Voice: Example three.
C: Because of the rise in oil prices expenditures on food are higher than they have ever been.
E: So, expenditures is the total amount of money that you’re spending on something.
M: Right, that’s the total amount of money versus expenses is the things that you spend money on.
E: Okay, that’s really clear.
M: Uhu.
E: Our next word is out of control.
M: Out of control.
E: Out of control.
M: So, when something is out of control, it’s…
E: It’s crazy.
M: Crazy, you can’t control it.
E: Exactly, you can’t stop it.
M: You can’t stop it, right.
E: Out of control.
M: Okay, great! Now, let’s take a look at our last word for today – go over.
E: Go over.
M: Go over.
E: Go over.
M: So, go over is a pretty simple word. Why don’t we listen to some examples, so we can understand go over?
Voice: Example one.
A: I need to go over this report one last time to make sure there’re no mistakes.
Voice: Example two.
B: Can you help me go over my presentation? I want to make sure it’s perfect.
Voice: Example three.
C: Let’s go over these numbers one more time and make sure there’re no mistakes.
E: Yeah, this is a really common word and it basically means “look at carefully”.
M: Yeah, or review.
E: In English we often find simple little words, they fit together really well and you think “Oh, they’re so easy”. Like the word go, over. So easy.
M: Hehe. Yeah.
E: But it’s the way that they interact with each other that makes them…
M: Or it makes you sound much better.
E: Exactly, so, go over in this case, we might say, um “Let’s go over the lesson”.
M: Let’s go over the lesson, yeah.
E: Yeah.
M: Or…
E: That sounds great.
M: Yeah, that’s… and that’s more, uh, natural way of saying something like that.
E: Okay, so, we’ve taken look at our language takeaways for today. I think it’s time to listen to the dialogue one more time.
M: And this time the dialogue will be slower, so we can understand and listen to all the words we just talked about.
DIALOGUE, SECOND TIME (slow)
E: Okay, so, I got it.
M: Yeah, it’s clear now.
E: Yeah, and you know, I heard a lot of really great phrases in this dialogue that I’d like to at now in “fluency builder”.
Voice: Fluency builder.
M: Great, so, today on fluency builder we have three words for you. Let’s start by looking at the first one – off the charts.
E: Off the charts.
M: Off the charts.
E: Off the charts.
M: So, this word is very similar to through the roof.
E: Exactly, it also means really high.
M: Right, so, let’s listen to some examples of how we can use off the charts in a different situation.
Voice: Example one.
A: Oil prices have gone up and our costs are off the charts.
Voice: Example two.
B: Excellent job Susan! Your sales are off the charts this year.
Voice: Example three.
C: Our losses are off the charts! That’s it! No bonuses for anyone!
E: So, Marco, do you think I can change off the charts for through the roof in these examples?
M: Yeah, you can. Definitely, you can use off the charts or through the roof, both of them mean the same thing.
E: Okay, so, two ways of saying really, really, really high.
M: Really high. But they’re very commonly used in a business setting.
E: Yeah, that’s true. Okay, so, this next word is a phrase that you can use if you want to tell somebody that you’ll check something or you’ll investigate something.
M: Right, and we heard it in our dialogue, so, let’s listen to the clip.
Phrase 1: I’ll look into it. I’ll look into it.
E: So, look into that that means I’ll check something.
M: Yeah, I’ll see what’s happening.
E: Yeah, does that mean you’re gonna take action?
M: No, it doesn’t.
E: Okay, so, I think we’ve got another word that does mean you’re going to take action.
Phrase 2: I’ll take care of it. I’ll take care of it.
M: So, this word means that you’re going to do something about it.
E: I’ll take care of it. I will take responsibility.
M: Exactly, so, I will do something about it.
E: Yeah.
M: I will investigate and I’ll do it.
E: Yeah, ex… again, two great phrases – I’ll look into it; I’ll take care of it.
M: Okay, so, now let’s listen to the dialogue a third time. It’s gonna be at its normal speed, but now you have all the tools you need to understand it a lot better.
DIALOGUE, THIRD TIME
E: Well, Marco, I guess one of the benefits of being an executive in a company, especially a large company, is you get a lot of amazing benefits.
M: Yes, when you are a manger or a CEO of one of these big companies, you get a lot of great things like… I don’t know, a private jet, maybe…
E: Wow, that’s… that’s nice, hey?
M: Hehe. Or, um, they… um, the company often pays for your house…
E: Yeah.
M: Or for your car, they’ll give you a company car.
E: Uhu.
M: Um, they’ll pay for your kids or your children’s, uh, tuition for high school.
E: So, there’re school fees.
M: Yeah, yeah.
E: Okay.
M: And also I’ve heard about entertainment bonuses.
E: Yeah, so, you can go out to a restaurant, get the receipt and claim the expenses at work.
M: Hah, those are some great benefits, right?
E: So, Marco, I’m curious to know what our listeners’ expenses are.
M: Yes, we definitely want to know what crazy expenses you have, for example…
E: Well, let’s see, my spending on coke zero has gone through the roof since we started this podcast.
M: Hehe. Yes, you spend a lot of money on coke zeros every week, right?
E: Uh, yeah, I probably have, uh… I don’t know, ten a week.
M: Well, for examples, I spend, uh, a lot on DVDs each week. I usually buy two or three movies.
E: That is off the charts.
M: Hehe. That is off the charts for DVD spending.
E: Okay.
M: So, we want to know what you spend your money on, be sure to l… go into our community website and tell us what you spend money on.
E: That’s right, you can find us at englishpod. com and Marco and I are always there to respond your questions and comments.
M: Great, so, we’ll see you there and until then it’s…
E: Good bye!
M: Bye!
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