Dear Den,

 

Thank you for your fifth message.  My comments follow.  Sorry this is late.

 

Prof. Sue Stiner

 

Masaki Inden wrote:

 

> Dear Prof. Stiner,

>

> Thank you for your reply!

>

> Is the written test one hundred twenty minutes?

>

> Yes, it is.

>

> Is the skill test ninety minutes?

>

> That's right.

>

> Is the skill test written or oral?

>

> Skill test is written too.

>

> What do you do for the skill test?

>

> I will study a numerical calculation.

>

> What is your favorite sport in Japan?

>

> I like the basketball and karate.

>

>

> What is your favorite team?

>

I have no favorite team.

 

There is no professional basketball team in Delaware.  Philadelphia has

a professional basketball team.  It is called the 76ers

(seventy-sixers).  Here is its website: http://www.nba.com/sixers/

 

Have you seen a basketball game?

Where do you see karate?

Do you know karate yourself?

>

> Who is your favorite player?

>

I have no favorite player now.

>

> Does your team have a website? If yes, what is the URL?

>

> Website is not yet.

>

> Homework

>  1.What is a balance sheet?

>

>    Assets = Liabilities + Stockholders' Equity

>    The financial statement is called the "balance sheet" because

>    the value of assets and the sum of liabilities and

> stockholders'         equity must balance.

 

The balance sheet is a financial statement.  It shows the assets,

liabilities and equity of a company on one date.

 

>

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

>

>    Stockholders' (Owners') Equity is the difference between assets

> and      liabilities.Stockholders' Equity is the owners' share of the

> assets.

>    Stockholders' Equity  = Assets - Liabilities

 

Correct!

>

>  3.Name one current asset of Oracle in 2003.

>

>    It is Cash.

 

Correct!

 

>

>  4.What is the value of that current asset?  Please write the

> entire        value in US dollars.  Write the entire value in words.

>

>    It is the 9,228dollars.

 

Total current assets are nine billion two hundred twenty-seven million

US dollars ($9,227,000,000).  The value of cash in 2003 is four billion

seven hundred thirty-seven million US dollars ($4,737,000,000).

 

>

>  5.Name one current liability of Nike in 2003.

>

>    It is Accouns Payable.

It is Accounts Payable.

 

Correct!

 

>

>  6.What is the value of that current liability?  Please write the

> entire    value in US dollars.  Write the entire value in words.

>

>    It is the 2,015.2  millions dollars.

 

Total current liabilities are two billion fifteen million two hundred

thousand US dollars ($2,015,200,000).  Accounts payable in 2003 is five

hundred seventy-two million seven hundred thousand US dollars

($572,700,000).

 

>

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

> list       below.  Please write the words in romajii.

>

> English                    Japanese

Thank you for the vocabulary words.

 

You have the new lesson already.  It is the second lesson on the

balance sheet.  It is at:

http://www72.homepage.villanova.edu/susan.stiner/cgu/balance204.htm

 

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