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.