EP013 Out Of Control Spending | Intermediate

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• 00:01

  Hello everyone and welcome to EnglishPod.

• 00:04

  My name's Erica.

• 00:05

  And I'm Marco.

• 00:06

  So Marco, how are you doing today?

• 00:08

  I'm great.

• 00:09

  I'm really happy to be back ready to deliver another great podcast for all our listeners.

• 00:14

  That's right.

• 00:15

  And we've got an intermediate lesson today about spending money.

• 00:19

  Yeah, specifically spending money in a company.

• 00:22

  That's right,

• 00:23

  we're going to be listening to a business meeting as a company describes how they're spending money.

• 00:29

  Right, and they're actually looking at their profit and loss statement.

• 00:33

  That's kind of interesting.

• 00:35

  Well, Marco, can you tell us a little bit about a profit and loss statement?

• 00:39

  Yeah, sure.

• 00:39

  Well, all companies come out with a profit and loss statement every year or every three months.

• 00:45

  And it's basically a document that shows all the money that the company is spending and all the money that the company is earning.

• 00:53

  So it's a document that outlines how much money the company makes and how much it spends.

• 00:59

  Right.

• 01:00

  So in the end, basically, it'll tell you we're making money or we're losing money.

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