The fifth message

Dear LaLa,
Thank you for your fifth message. My comments follow. Sorry this is so
late.
Sincerely,
Prof. Sue Stiner
 
Dear Dr. Stiner
Thank you for your reply and the corrections of my English.
Your comment encouraged me greatly. Thank you very much.
I don't follow the stock market activities. Maybe they were many chance.
It was unripe market.
I didn't own stock in any companies yet.
But I intend to own some in the future.
What stocks do you want to buy?
By the way, It was the first company as one of the Chinese company listed by Tokyo Stock Exchange.
Good observation!
Hence, I will pay attention to this company.
data of this company:
Name: SINHUA CAIJING (HongKong)
Type: A government enterprise
Belonging: SINHUA Group
Foundation: in 1999
Employee: 300
Main work: finance information service
Business: account for five billion yen of business a year
I looked at the NY Stock Exchange. There are sixteen Chinese companies
listed. They were mostly petrochemical companies and airlines.
<SUMARRY OF THE NEW LESSON>
1.Double-entry accounting began about 1200A.D. in northern Italy.
2.The first financial statement was the Balance Sheet.
3.what is the Fortune 500?
The Fortune 500 is a list of the 500 largest companies in the US. The
list is published by Fortune magazine. This is the website for Fortune
magazine: http://www.fortune.com/fortune/
This is the 2004 Fortune 500 list:
http://www.usatoday.com/money/companies/2004-03-22-fortune-500-list_x.htm
<HOMEWORK>
1.The Balance Sheet --- Part 1
1) Balance Sheet :
 A financial statement that shows the amount and type of assets, liabilities
  and stockholders' (owners') equity, The total assets always equal the sum
  of total liabilities and total stockholders' equity. its present the financial position. It presents the financial position.
Correct! Great answer.
2) stockholders' equity :
 A company's common stock equity as it appears on a balance sheet, 
 equal to total assets minus liabilities, preferred stock, and intangible 
 assets such as goodwill. This is how much the company would have 
left over in assets if it went out of business immediately. Since companies are usually expected to grow and generate more profits in the future, most companies end up being worth far more in the marketplace than their stockholders' equity would suggest. For this reason, stockholders' equity is of more interest to value investors than growth investors. 
Correct! Which book had the answer?
3) Cash and cash equivalents , in millions of US dollars, its US$4,737 .
Don't forget to add "million." The number you wrote is four thousand
seven hundred thirty-seven dollars. The real amount of cash in 2003 is
four billion seven hundred thirty-seven million US dollars (or $4,737
million).
 4) The total current assets in 2003 is nine thousand two hundred twenty 
 eight million US dollars (US$9,228,000,000).
Correct! We usually say nine billion two hundred twenty-eight million
US dollars.
 5)Notes payable , in millions of US dollars, its US$75.4 .
Correct!
 6)The total current liabilities in 2003 is two thousand fifteen million 
and two hundred thousand US dollars (US$2,015,200,000) .
Correct!
 7) accounts receivable ----------- URIKAKEKIN
Thanks for the vocabulary words.
This homework was not due until the next (sixth) message from you. You
are "on the ball." That means you are ahead of schedule. I will grade
your answers now.
2.The Balance Sheet --- Part 2
 1)The new cash value on the B/S is US$20,000 (twenty thousand US 
dollars) .
Correct!
 2)The new value of the long-term assets is US$70,000 (seventy thousand 
US dollars) .
Correct!
 3)The new value of the total assets is US$90,000 (ninety [ninety] 
thousand US dollars) .
Correct!
 4)The new value of the total liabilities and stockholders' equity is 
 US$90,000 (ninety [ninety] thousand US dollars) .
Correct!
 5) inventory -------------------- TANAOROSI SISAN
Thank you for the vocabulary words.
LaLa, you answered the homework for the new lesson already. I did not
repeat the website for the new lesson. So you get a "vacation."
This web page has the websites for the first eleven companies of the
Fortune 500:
http://www72.homepage.villanova.edu/susan.stiner/cgu/fortune500.htm
If you have time, you may want to see some of the companies' websites.

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