Since all the goods have been cased up according to the S／C, it would be too late to make a change even if we agreed to.（英译中)

Many of the home electric goods which are advertised as liberating the modern women tend to have the opposite effect, so they simply __1__change the nature of work instead of eliminting it. Machines have a certain novelty value, as toys for adults. It is certainly less __2__tired to put clothes in a washing machine, but the time saved does __3__not really amount too much: the machine has to be watched, the __4__clothes have to be carefully sorted out, stains removed by hand,water changed, clothes taken out, aired and ironed. It would be more liberal to pack it all off to a laundary and not necessarily __5__more expensive, since no capital investment is required.Nevertheless, if you really want to save time you do not make __6__cakes with an electric mixer, you buy one in a shop. If one compares the image of the woman in the women's magazine to the goods advertised __7__by those periodicals, one realizes how useful a projected image can be commercially.A careful balance has to be struck: if you show a labor-saving device, follow it up with a complex recipe on the next page; on __8__any account hint at the notion that a woman could get herself a __9__job, but instead foster her sense of her own usefulness, emphasize __10__the creative aspect of her funtion as a housewife.

A.The issue of understating poverty is especially pressing in the states with both a high cost and a high poverty rate such as California.

B.The poverty line lost all connection over time with current consumption patterns of the average family.

C.Many sociologists and government officials have argued that poverty in the US is understated.

D.The official poverty line today is essentially what it takes in today's dollars to purchase the same poverty-line level of living half a century ago.

The retained earnings of Sphere brought forward at 1 April 2013 were $120 million.

The summarised statements of profit or loss and other comprehensive income for the companies for the year ended 31 March 2014 are:

The following information is relevant:

(i) A fair value exercise conducted on 1 October 2013 concluded that the carrying amounts of Sphere’s net assets were equal to their fair values with the following exceptions:

– the fair value of Sphere’s land was $2 million in excess of its carrying amount

– an item of plant had a fair value of $6 million in excess of its carrying amount. The plant had a remaining life of two years at the date of acquisition. Plant depreciation is charged to cost of sales.

– Penketh placed a value of $5 million on Sphere’s good trading relationships with its customers. Penketh expected, on average, a customer relationship to last for a further five years. Amortisation of intangible assets is charged to administrative expenses.

(ii) Penketh’s group policy is to revalue land to market value at the end of each accounting period. Prior to its acquisition, Sphere’s land had been valued at historical cost, but it has adopted the group policy since its acquisition. In addition to the fair value increase in Sphere’s land of $2 million (see note (i)), it had increased by a further $1 million since the acquisition.

(iii) On 1 October 2013, Penketh also acquired 30% of Ventor’s equity shares. Ventor’s profit after tax for the year ended 31 March 2014 was $10 million and during March 2014 Ventor paid a dividend of $6 million. Penketh uses equity accounting in its consolidated financial statements for its investment in Ventor.

Sphere did not pay any dividends in the year ended 31 March 2014.

(iv) After the acquisition Penketh sold goods to Sphere for $20 million. Sphere had one fifth of these goods still in inventory at 31 March 2014. In March 2014 Penketh sold goods to Ventor for $15 million, all of which were still in inventory at 31 March 2014. All sales to Sphere and Ventor had a mark-up on cost of 25%.

(v) Penketh’s policy is to value the non-controlling interest at the date of acquisition at its fair value. For this purpose, the share price of Sphere at that date (1 October 2013) is representative of the fair value of the shares held by the non-controlling interest.

(vi) All items in the above statements of profit or loss and other comprehensive income are deemed to accrue evenly over the year unless otherwise indicated.

Required:

(a) Calculate the consolidated goodwill as at 1 October 2013.

(b) Prepare the consolidated statement of profit or loss and other comprehensive income of Penketh for the year ended 31 March 2014.

The following mark allocation is provided as guidance for this question:

(a) 6 marks

(b) 19 marks

A.for

B.at

C.on

D.in

Marketing starts with the product since it is what an organization has to offer its target market. Organizations attempt to provide solutions(21)________a target market' s problems. These solutions include tangible or (22) ________ (or both) product offerings marketed by an organization. In addition to (23) ________ the target market's needs, the product is important because it is how organizations generate revenue. It is the "thing" that for-profit companies sell in order to realize profits and satisfy stakeholders and what a (24) __________ organization use to generate funds needed to sustain itself. (25) ________ a well-developed product strategy that includes input from the target market, a marketing organization will not have long-term success.

In marketing, the term "product" is often used as a (26) __________ word to identify solutions a marketer provides to its target market. We will follow this approach and permit the term "product" to cover offerings that fall into one of the following categories:

Goods: Something is considered a good if it is a tangible item. That is, it is something that is felt, tasted, heard, smelled or (27) _________.For example, bicycles, cell phones, and donuts are all examples of tangible goods. In some cases there is a fine line between items that affect the senses and whether these are considered tangible or intangible. We often see this with digital goods accessed via the Internet, such as (28) _________ to music online or visiting an information website. In these cases there does not appear to be anything (29) _________ is tangible or real since it is essentially computer code that is proving the solution. (30)_,for our purposes, we distinguish these as goods since these products are built (albeit using computer code),are stored (e. g.,on a computer hard drive),and generally offer the same benefits each time (a g.,quality of the download song is always the same).

Services: Something is considered a service if it is an offering a customer (31) ________through the work or labor of someone else. Services can result in the creation of tangible goods (e. g.,a publisher of business magazines hires a freelance writer to write an article) but the main solution being purchased is the service. (32) ________ goods, services are not stored, they are only available at the time of use (e.g.,hair salon) and the consistency of the benefit offered can vary (33) _________ one purchaser to another (e.g.,not exactly the same hair styling each time).

Ideas: Something falls into the category of an idea if the marketer attempts to convince the customer to alter their behavior. or their perception (34) _________ some way. Marketing ideas is often a solution put forth by non-profit groups or governments in order to get targeted groups to avoid or change (35) ________ behavior. This is seen with public service announcements directed toward such activity as youth smoking, automobile safety, and illegal drug use.

Now fill each gap with the best word (A, B, C or D)

21. A. for B. to C. with D. of

22. A. intangible B. concrete C. detailed D. formless

23. A. satisfy B. dissatisfy C. satisfying D. dissatisfying

24. A. profit B. profitable C. unprofitable D. non-profit

25. A. Without B. For C. With D. No

26. A. overall B. catch-all C. complete D. meaningful

27. A. see B. saw C. seen D. sees

28. A. listened B. listen C. listens D. listening

29. A. that B. which C. who D. it

30.A. Furthermore B. However C. Despite D. Therefore

31.A. obtains B. gets C. achieves D. receives

32. A. Like B. Dislike C. Unlike D. Likewise

33. A. to B. as C. by D. from

34.A.to B.in C.for D.by

35. A. some B. that C. certain D. specific

A.out of, at

B.outside, from

C.without, from

D.out of, ex

The Producer Price Index,【3】measures what producers receive for goods and services,【4】1 percent in July, the Labor Department reported yesterday, double【5】economists had been expecting and a sharp turnaround from flat prices in June. Excluding【6】and energy, the core index of producer prices rose 0.4 percent,【7】than the 0.1 percent that economists had【8】. Much of that increase was a result of an【9】increase in car and truck prices.

On Tuesday, the Labor Department said the【10】that consumers paid for goods and services in July were【11】0.5 percent over all, and up 0.1 percent, excluding food and energy.

12 the overall rise in both consumer and producer prices【13】caused by energy costs, which increased 4.4 percent in the month. (Wholesale food prices【14】0.3 percent in July.)【15】July 2004, wholesale prices were up 4.6 percent; the core rate【16】2.8 percent, its fastest pace since 1995.

Typically, increases in the Producer Price Index indicate similar changes in the consumer index【17】businesses recoup(补偿) higher costs from customers.【18】for much of this expansion, which started【19】the end of 2001, that has not been the【20】In fact, many businesses like automakers have been aggressively discounting their products.

(1)

A．indicate

B．to indicate

C．indicating

D．indicated

A. for

B. because

C. since

D. as

A．are admired to

B．are aspire to

C．are in urgent need of

D．are in urgent request

Bear in mind: This recovery won’t have the vitality normally associated with an upturn. Economists now expect real GDP growth of about 1.5 in the first quarter. That’s better than the 0.4 the consensus projected in December, but much of the additional growth will come from a slower pace of inventory drawdowns, not from surging demand.

Moreover, the economy won’t grow fast enough to help the labor markets much. The only good news there is that jobless claims have fallen back from their spike after September 11 and that their current level suggests the pace of layoffs is easing.

The recovery also does not mean the Federal Reserve will raise interest rates soon. The January price indexes show that inflation remains tame. Consequently, the Fed can take its time shifting monetary policy from extreme accommodation to relative neutrality.

Perhaps the best news from the latest economic reports was the January data on industrial production. Total output fell only 0.1, its best showing since July. Factory output was flat, also the best performance in six months. Those numbers may not sound encouraging, but manufacturers have been in recession since late 2000. The data suggest that the factory sector is finding a bottom from which to start its recovery.

Production of consumer goods, for instance, is almost back up to where it was a year ago. That’s because consumer demand for motor vehicles and other goods and the housing industry remained healthy during the recession, and they are still growing in early 2002.

Besides, both the monthly homebuilding starts number and the housing market index for the past two months are running above the averages for all of 2001, suggesting that home-building is off to a good start and probably won’t be big drag on GDP growth this year.

Equally important to the outlook is how the solid housing market will help demand for home-related goods and services. Traditionally, consumers buy the bulk of their furniture, electronics, and textiles within a year of purchasing their homes. Thus, spending on such items will do well this year, even as car sales slip now that incentives are less attractive. Look for the output of consumer goods to top year-ago level in coming months.

Even the business equipment sector seems to have bottomed out. Its output rose 0.4% in January, led by a 0.6% jump computer gear. A pickup in orders for capital goods in the fourth quarter suggests that production will keep increasing—although at a relaxed pace—in coming months.

第31题：American economists are surprised to see that______.

［A］they have to revise the GDP forecasts so often

［B］their government is announcing the end of a recession

［C］US economy is showing some signs of an upturn

［D］GDP growth reflects stronger domestic demand