Dear Taku,
Thank you for your eighth message. My comments follow.
Sincerely,
Prof. Sue Stiner
> Takumi Kimoto wrote:
> Dear Dr. stiner,
> Thank you for your reply.
> Homework:
1.What is Net Income if revenues change to $40,000 and all other
transactions are the same?
> It's $29,706
correct
2.What is Net Income if revenues are $30,000 and cost of goods sold
changes to $20,000?
> It's $9,706
correct
3.What is Net Income if revenues are $30,000, cost of goods sold is
$10,000, and total operating expenses
changes to $25,000?
> It's $-5,000
The math is correct. In American English we write a negative number
with parentheses. See the beginning of the Income Statement at:
http://www72.homepage.villanova.edu/susan.stiner/cgu/income101.htm#intro
> Vocabulary - Income Statement
Thank you for the vocabulary words.
> I'm looking forward to hearing from you.
> sincerely Taku.
This page has a summary of the lessons we had so far.
http://www72.homepage.villanova.edu/susan.stiner/cgu/summary101.htm
Enjoy your break!