Dear Professor Stiner,

Thank you for your message.

Homework1:

Income statement presents the results of the operating

activities of a firm for a period of time. Income statement

indicates the net income or earnings of a firm for a period

of time. Income statement reports the sources and amounts of

a firm's revenues and the nature of a firm's expenses that

net to earnings for the period. Net income is the difference

between revenues and expenses.

Homework2:

The amount of gross margin is $ 15,000.

Revenues - Cost of Goods Sold = Gross Margin

$ 30,000 - $ 15,000 = $ 15,000

Vocabular-Income Statement (Part1)

<English> <Japanese>

・cost of goods ・sold uriagegenka

・first-in, first-out ・sakiire sakidasi

・gross margin ・uriagesourieki

・inventory ・tanaorosidaka

・last-in, last-out ・atoire sakidasi

・net income ・junrieki

・purchase ・siire

・revenue ・syuueki

・sale ・uriage

"Flower arrangement" is different from "ikebana".

Both of them arrange flowers, but they each use different

gardening implements.

June 21 is Father's Day.

I made my father a present of a pass case.

He uses the pass case at once.

Sincerely yours,

Mayo

Dear Mayo,

Thank you for your message.

It has been very hot here, with high temperature near 100F (37C).

we had violent thunderstorms and then the temperature dropped a little.

> June 21 is Father's Day.

was

> He uses the pass case at once.

used

What is a pass case? Is that for a train pass?

This week's lesson is the income statement again.

Sincerely,