The Fourth Message

Dear Mitsu,

Thanks for your fourth message. My comments follow.

Sincerely,

Prof Sue Stiner

Yamamoto Mituhiro wrote:

> Dear Dr. Stiner,

> The 2003 Cherry Blossom Festival will be Saturday,

> March 22 to Monday, April 7.

> Can you see the Festival on TV or magazine?

Short TV clips of the festival appear on the evening news at the peak flowering time.

Magazines do not usually have articles about it. There is more media coverage

in the Washington DC area that in the rest of the country.

> > Yes, it is. A picnic under the cherry trees must be wonderful.

> > Did you have a picnic in April under the cherry trees?

> Yes! I have a picnic under the cherry trees with my friends in every April.

> > How nice! Does your host family speak Japanese?

> No, My host family doesn't speak Japanese.

> They speak only English. I taught some Japanese to the kids.

Wonderful! I hope the kids remember it.

> > > I'm good at basketball.

> > > I belonged to the basketball team for 3 years when I was a high school student.

> > What position did you play? Do you go to basketball games for fun now?

> My position was PF. Sometimes I played center.

> I am 180 centimeters. I'm slim.

> I don't go to basketball games recently.

> Now, I play soccer and watch World Cup on TV.

> Yesterday, Japan's game ended in a draw.

Sorry to hear that Japan's game ended in a draw. Will they play again?

> > Reading, speaking and writing are three separate language skills.

> > Do you get much chance to practice speaking English?

> I take an English class in addition to your class.

> So I study English twice a week in my university..

> But I have no chance to practice speaking English.

> I want to have friends who speak English!!!

It is hard to find a way to practice speaking a foreign language.

But keep practicing your reading and writing. You do very well with writing.

Homework:

1.How is the U.S. Securities and Exchange Commission different from

Japan's Securities and Exchange Commission?

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

exchanges?

Questions 1 and 2 are little difficult. I think the two (Japanese and

U.S. Securities and Exchange Commission) systems have points in common.

The system was introduced from America to Japan, isn't it?

3.A.In yen, what is NTT's operating income for the year ended March 31, 2001?

It is 834,804,000,000 yen.

3.B.In millions of US dollars, what is NTT's operating income for the

year ended March 31, 2001?

It is $6,787,000,000.

4.A.What financial information does McDonald's of Japan have at its website?

I found that McDonald's of Japan's annual proceeds and number of stores

since 1971 to 2001 and "Investors guide" like balance sheet, income statement,

growth rate, share...

4.B.How does that information compare to the financial information at

McDonald's USA site?

McDonald's USA site has Consolidated statement of income,

Consolidated balance seet, Consolidated statement of cash flows

and Consolidated statement of shereholder's equity.

5.How does the flow of accounting information over the Internet help

corporations and investors?

The flow help them to know the trendcy and the situation of manegement.

Your answers are correct. Good work!

This week's lesson is about the first financial statement: the balance

sheet. See the lesson here:

http://www72.homepage.villanova.edu/susan.stiner/cgu/balance102.htm

> Sincerely,

> Mitsu

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