Dear Tomo,
Thank you for your fifth message. My comments follow.
The next lesson is at:
http://www72.homepage.villanova.edu/susan.stiner/cgu/balance201.htm
This is the second lesson about the balance sheet. We start a company.
The company makes four transactions. We make a balance sheet for the
company.
Sincerely,
Prof. Sue Stiner
Tomoko Iiduka wrote:
Dear Prof. Stiner,
Thank you for your fourth message.
Did you enjoy the travel?
I saw the homepage of the wikd horses. I thought the horses are nice
I saw the homepage of Carolina.
Carolina means flower's crown in Japanese.
The Currituck Beach Ligthouse is big.
I have been to the beach on weekends in July and August.
.
I saw the homepage for the Balance Sheet, Part 1.
> 1. What is a balance sheet?
Answer; The balance sheet presents snapshot of the investing and
financing activities of a firm at a moment in time.
> 2. What is stockholders' equity in the U.S.?
Answer; Shareholders' equity is the owners' claims on the assets of a
firm.
> 3. Name one current asset of Dell Computers.
Answer; I choose chash and cash equivalents
>4. What is the value of that current asset?
Answer; It's value is $4,910,000,000. Very good!
You realized that companies usually drop the last six zeros in their financials.
This saves space and makes it easier to read.
> 5. Name one current liability of Nike.
Answer; I choose cash and equivaients.
>This is a current asset. Look again at last week's lesson. Cash is the
>first example of current assets.
>The current liabilities of Nike are: (1) current portion of long-term
debt, (2) Notes payable, (3) accounts payable, and (4)accrued
liabilities. You were to pick one of those.
> 6. What is the value of that current liability?
Answer; It's value is $2,543,000,000.
> 7. Please send me the Japanese translation for the words in the list below.
>Please write the words in romajii.
>Thanks for the vocabulary words.
Sincerely,
Tomo.
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