Dear Hiro,
Thank you for your
sixth message. My comments follow.
Sincerely,
Prof. Sue Stiner
s2399067@slb.cgu.ac.jp
wrote:
Dear Prof. Stiner,
Thank you for your
fifth message.
Thank you for
correcting my English.
You're welcome!
My comments follow.
>Is this the
Choushi you taked about?
Dose it have a
lighthouse?
Yes, it is.
It puts into a
lighthouse for pay.
You can go into the
lighthouse for a fee.
I go into the
lighthouse before.
I went into the
lighthouse before.
>Do you students
in Japan do that?
No, we don't send
email when we are sick.
>What do you do to
make yourself feel better when you are sick?
When I am sick, I
like to have a drink before I go to sleep.
>Do you think it
is important to your career to
know English?
I think that the 2nd
foreign language, such as not only English
but Chinese and
French, is required.
Japanese is your
first language. Is English your
second language? Do
you know other
languages?
Most American
students learned another language in high school. Most of
the time they learn
Spanish. In college, most business
students do not
take a foreign
language. So they forget what they
learned in high
school!
Now, the answers to
this week's homework are:
Beach Toys, Inc.
Balance Sheet
January 10, 2001
ASSETS LIABILITIES $
0
Current Assets
Cash $ 32,000
Long-term assets
Land 10,000
Building 60,000
Hiro, you must
include the total long-term assets and the total assets.
Total Long-term
assets: 70,000
Total Assets:
$102,000
STOCKHOLDERS' EQUITY
Total Long-term
Assets 70,000
This line does not
belong in Stockholders' Equity.
It belongs in the
asset section.
Common stock, 9,000
shares, $ 10 par 102,000
Very clever way to
get the balance sheet to balance!
But, the price the
owners paid for their stock did not change. It is
still $90,000.
TOTAL ASSETS $
102,000
This line does not
belong in Stockholders' Equity.
It belongs in the
asset section.
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $ 102,000
This is the new
balance sheet
Beach Toys, Inc
Balance Sheet
January 10, 2001
Assets
Current Assets
Cash $12,000
Long-term assets
Land 10,000
Building 60,000
Total long-term
assets 70,000
Total Assets $90,000
Liabilities $0
Stockholders' Equity
Common stock, 9,000
shares, $10 par
90,000
Total Liabilities and
Stockholders' Equity $90,000
Only the asset side
changed. The owners bought the
more expensive land
and building with
cash. So the value of land and
building increased (by
$20,000) and cash
decreased by $20,000.
1. It's cash value
$32,000.
Cash value is
$12,000.
2. It's long-term
assets value $70.000.
Correct! The long-term asset value is $70,000.
3. It's total assets
value $102.000.
Total assets are
$90,000.
4. It's total
liabilities and stockholder's equity value $102,000.
Total liabilities and
stockholders' equity are $90,000.
5. zaikohin. toushi.
fusai. mibaraikin. shisan. kabunushikousei.
Thank you for the
vocabulary words.
I'm sorry, I forgot
third homework.
I will email you the
third homework assignment next week.
OK. I will look forward to it.
Sincerely,
Hiro
This week we will
study the income statement. We
have two lessons on
the income
statement. The new lesson is at:
http://www72.homepage.villanova.edu/susan.stiner/cgu/income101.htm