Dear Ken,

 

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

late.

 

Sincerely,

Prof. Sue Stiner

 

Kenichi Ooami wrote:

 

> Dear Prof.stiner,

>

> Thank you for your reply!

>

> Do you play the slot machines in Japan?

> Yes,I do.

 

Do you ever win?  I never do!

>

>  1 What is a balance sheet?

> The balance sheet shows a business's financial position.

> The financial position is given by the equation.

>  Assets = Liabilities + Stockholders' Equity

 

Correct!

>

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

> The owners' original investment

> +

> Net earnings from the business

> -

> Net loss from the business

> -

> Dividends paid by the business to the owners

 

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 9,228 dollars.

 

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 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.

>

>

> Vocabulary

>             English                   Japanese

Thank you for the vocabulary words.

 

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