lesson8
Dear Nao,
Thank you for your eighth message. My comments follow.
Sincerely,
Prof. Sue Garreis
Dear Prof G,
Thank you for your reply and corrections of my English.
I will answer your last question.
Homework
1. What is Net Income if revenues change to $40,000 and all other transactions are the same?
→ Net Income is $29,626. In English words this number is twenty nine thousand six hundred twenty six dollars.
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. In English words this number is nine thousand six hundred twenty six dollars.
3. What is Net Income if revenues are $30,000, cost of goods sold is $10,000, and total operating expenses change to $25,000?
→ This homework is Loss, not Net Income. Loss is $5,000. In English words this number is five thousand dollars.
Vocabulary - Income Statement (Part 2)
Thank you for the vocabulary list.
I'm waiting for your reply.
Sincerely. Nao
Tuesday is July 4. It is our nation's birthday. See this page:
http://www72.homepage.villanova.edu/susan.stiner/cgu/July4th.htm
for some information on our nation's special holiday.
The next lesson is a summary of what we did in the first half of the class.
It is here:http://www72.homepage.villanova.edu/susan.stiner/cgu/summary106.htm
I hope you enjoy your summer break!