Dear Rika,

Thank you for your fifth message. My comments follow.

This page has links to all the lessons for this course.

http://www72.homepage.villanova.edu/susan.stiner/cgu/cgulessons02.htm

Most links are cold. The new lesson and the old lesson links are hot.

The July 4th holiday link is hot.

You can use this page (1) if you are absent from class or (2) to go back to a lesson at any time.

Sincerely

Prof. Sue Stiner

> Dear Dr. Stiner.

Today Kei is absent from class.

Thank you for telling me that.

> > Is The Journey to the Center of the Earth a fast roller coaster?

> Yes,　it　is．

Do you like fast roller coasters?

What other roller coasters did you ride?

Are there many roller coasters in Japan?

There are very many roller coasters in the US.

The Tower of Terror is my daughter Kate's favorite roller coaster ride.

It is supposed to be an elevator that goes up and then drops straight down fast.

This web page tells about the ride: http://www.themeparkinsider.com/parks/detail.cfm?Attraction=72

The ride is at Disney World in Florida.

> Homework:

> 1. How is the U.S. Securities and Exchange Commission different from Japan's Securities and　Exchange Commission?

>

I think this is what you said: The US and Japanese SECs are very similar.

There are some similarities and some differences. The US SEC requires much more disclosure than the Japanese SEC.

The US SEC requires a different type of disclosure from the Japanese SEC.

> 2.　How are American stock exchanges different from Japan's stock exchanges?

I think this is what you said: The US and Japanese Stock Exchanges are very similar.

Japan's stock exchanges are in these cities: Tokyo, Osaka, Nagoya, Kyoto, Fukuoka, and Sapporo.

Have you visited any of the stock exchanges?

Where can you see a ticker showing the current activity on any stock exchange?

A ticker is a scrolling banner that shows current stock prices, and how many shares of a stock were traded.

It is high on a wall so everyone can see. It looks like a long, narrow TV screen.

In the US you can see a ticker in any broker's office. You can see a ticker on the CNN TV channel during trading hours.

> Homework

> 1. What is a balance sheet?

>

>　　The　balance　sheet　is　the　statement　of　business’s　 financial　position．

Correct!

>

> 2. What is stockholders' equity in the U.S.?

>

> 　　The　owners'　original　investment．　Net　earnings　from　the　business．

> 　　Net　loss　from　business．　dividends．

Correct!

>

> 3. Name one current asset of Dell Computers.

　

One current asset is Cash and Cash Equivalents.

> 4. What is the value of that current asset? Please write the entire value in US dollars. Write the entire value in words.

>

> 　　Cash　and　cash　equivalents　is　$　3,641,000,000．　

> 　　Words　is　three　billion,　six　hundred　fourty-one　million US　dollars．

Correct!

>

> 5. Name one current liability of Nike.

One current liability is Notes Payable.

>

> 6. What is the value of that current liability? Please write the entire value in US dollars. Write the entire value in words.

>

Ø Notes　payable　is　$855,300,000．

Ø In words the value is eight hundred fifty-five million, three hundred thousand US dollars.

> 7. Please send me the Japanese translation for the words in the list below.

> Please write the words in romajii.

Thank you for the vocabulary list.

This week we continue with the balance sheet. We will start an American company. We will develop its balance sheet.

The new lesson is here:

http://www72.homepage.villanova.edu/susan.stiner/cgu/balance202.htm

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