Dear
Professor Garreis
Thank
you for your reply and corrections of my English.
I
will answer your last question.
<Home
work>
1.
What is Net Income if revenues change to $40,000 and all other transactions are
the same?
→ Net Income is twenty nine thousand five
hundred eighty six dollars.
Correct!
2.
What is Net Income if revenues change to $30,000 and cost of goods sold changes
to $20,000?
→ Net Income is nine thousand five hundred
eighty six dollars.
Correct!
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?
→ $30,000-$10,000-$25,000=△$5,000
Not Net income. Loss
is five thousand dollars.
Correct!
4.
How easy was this lesson for you?
→ The
accounting lesson was about right.
The
English lesson was somewhat hard.
The
getting to and using the linked web pages was about right.
Thank you for your feedback.
Vocabulary
- Income Statement (Part 2)
Thank you for the vocabulary list.
I'm
waiting for your reply.
Sincerely,
Masa