TOEIC ETS

Questions 196-200 refer to the following article, memo, and policy. Senano Designs Buys Gendalla in $60 Million Deal LOS ANGELES (March 20)-Fashion powerhouse Senano Designs announced on Wednesday that it had acquired Gendalla, an up-and-coming luxury brand. The acquisition is part of Senano's plan to supplement its clothing products with a line of designer watches. Over the next two years, the company has further plans to expand its offerings to include fragrances and luggage. Lina Pacheco, Senano's chief executive officer, said that such expansion is necessary to keep up and compete with other international fashion houses. Although based in Los Angeles, in recent years Senano has opened offices in Philadelphia, Chicago, and Miami. Ms. Pacheco says she was unfamiliar with Gendalla products until a year ago, when she saw one of their ads in an automobile magazine. "The products have a distinctive, modern style," Ms. Pacheco said, ”which ing cores well with Senano's trendsetting clothes.” ===== MEMO From: Oscar Johansen, Accounting department To: All Gendalla employees Date: March 22 Subject: Travel expense policy Attachment: Policy I have attached a copy of Senano's policy on travel expenses, which will go into effect when we officially become employees of Senano on March 31. Note that Senano's policy is more restrictive than Gendalla's policy in several ways. For example, employees will no longer have one month to submit expense reports. However, the new policy will make some processes much easier: specifically, Senano's requirements for submitting expenses under $50 are simpler than those under current Gendalla policy. Carlie Dawson, an accounting director who works at Senano's headquarters, will come to our New York office to lead an information session about this and other policy-related changes on Thursday, March 28, at 2:00 P.M. I strongly encourage you to attend. ===== Senano Designs Travel Expense Policy • To be reimbursed for work-related travel, employees must submit a travel request at least two weeks before a trip, listing the reason for travel and estimating all expenses. • Original receipts must be submitted for expenses above $50. Any expenses below that do not require the submission of original receipts. • All receipts and expense reports must be submitted within three weeks after a trip is completed. Expenses submitted after this time will require the approval of the department head. Page 1

What does Gendalla mainly produce?