Podcast
Questions and Answers
When Colin first entered, the receptionist's desk had exactly five filing trays.
When Colin first entered, the receptionist's desk had exactly five filing trays.
False (B)
Booker informs Colin that he needs to make at least £30,000 before the end of the year for his company to survive.
Booker informs Colin that he needs to make at least £30,000 before the end of the year for his company to survive.
False (B)
Colin stated the software being developed for Jackman's is intended for their headquarters located in Liverpool.
Colin stated the software being developed for Jackman's is intended for their headquarters located in Liverpool.
False (B)
Booker inquired whether Colin had already formalized the agreement with Jackman's.
Booker inquired whether Colin had already formalized the agreement with Jackman's.
Colin mentions to Booker that the issues with the software for Jackman's will be resolved within the next week.
Colin mentions to Booker that the issues with the software for Jackman's will be resolved within the next week.
At the beginning of their discussion, Colin proactively brought forth a compilation of financial documents and placed them on Booker's desk.
At the beginning of their discussion, Colin proactively brought forth a compilation of financial documents and placed them on Booker's desk.
Booker stated that if Colin's business does not secure substantial orders in the imminent future, it is likely to remain solvent.
Booker stated that if Colin's business does not secure substantial orders in the imminent future, it is likely to remain solvent.
Booker informed Colin that the company's expenses during the previous year totaled around £100,000.
Booker informed Colin that the company's expenses during the previous year totaled around £100,000.
Before entering Booker's office, Colin confirmed his appointment with Booker's assistant, whose response was affirmative.
Before entering Booker's office, Colin confirmed his appointment with Booker's assistant, whose response was affirmative.
The receptionist's desk was equipped with one telephone.
The receptionist's desk was equipped with one telephone.
Flashcards
Colin's Business Survival
Colin's Business Survival
Colin needs to secure large orders soon to prevent his business from failing.
Software for Jackman's
Software for Jackman's
Colin is developing new software for Jackman's, a large insurance broker, for use at their head office.
Colin's Loan
Colin's Loan
Colin has arranged a loan at the bank to help his company survive.
Required Earnings
Required Earnings
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Study Notes
- Colin enters an office where a girl is working at a desk with six filing trays, a computer, and two telephones.
- Colin informs the girl that Mr. Booker is expecting him.
- The girl allows Colin to proceed to Mr. Booker's office.
- Colin finds Mr. Booker reading papers at his desk, wearing thick glasses and holding the papers close to his pale face. He looks like a man in pain
- Colin sits down and places a folder of financial documents on Booker's desk.
- Booker reviews the documents and informs Colin (Mr. Fenton) the business is losing money for the second year and must act quickly to avoid bankruptcy.
- Colin admits the situation is not good and they are short on cash, but insists it's temporary.
- Booker states that the business has earned around £40,000 this year so far, but spent over £150,000 last year, and will likely spend a similar amount this year.
- Booker emphasizes the business cannot survive without large orders soon.
- Colin mentions the company is developing software for Jackman's, a large insurance broker, for their Manchester head office, describing it as a valuable contract.
- Booker asks if the contract has been signed.
- Colin admits the contract is not signed, as Jackman's is awaiting test results, and there are still technical problems with the software, but expects everything to be ready in a few months.
- Booker says that Colin needs to earn about £20,000 between now and the end of the year for the company to survive.
- Colin mentions he has arranged a loan at the bank.
- Booker gathers his papers and stands up slowly, appearing stiff and with bent shoulders.
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