Dear Ken,
Thank you for your eighth message. My comments follow.
So sorry my comments are late.
Enjoy your summer break! What summer plans do you have?
Sincerely,
Prof. Sue Stiner
Kenichi Ooami wrote:
>
> Dear Prof.stiner.
>
> Thank you for your reply!
>
>
> Homework:
>
> 1. What is Net Income if revenues change to $40,000 and all other
> transactions are the same?
>
Net Income is $29,626 (revenue 40,000 - cost of goods sold 10,000 -
operating expenses 374 = net income 29,626)
>
>
> 2.What is Net Income if revenues are $30,000 and cost of goods sold
> changes to $20,000?
>
Net Income is $9,626 (revenue 30,000 - cost of goods sold 20,000 -
operating expenses 374 = net income 9,626)
>
>
> 3.What is Net Income if revenues are $30,000, cost of goods sold is
> $10,000, and total operating expenses changes to
> $25,000?
>
> Net Loss is $5,000.
Correct!
>
>
>
> Vocabulary - Income Statement (Part 2)
>
>
>
> English Japansrs
Thank you for the vocabulary list.