The eighth message
Dear Professor Garreis.
Thank you for your reply and corrections of my English.
I will answer your questions.
1.What is Net Income if revenues change to $40,000 and all other transactions are the same?
Net Income is $29,626.
2.What is Net Income if revenues change to $30,000 and cost of goods sold changes to $20,000?
Net Income is $9,626.
I'm waiting for your reply.
I was really happy for the first half year.
I am glad. I hope you learned much that was new.
Again in October thanking you in advance.
I look forward to talking to you again.
Sincerely yours,
Cong Ming