Dear Professor Garreis,
Thank you for your reply and corrections of my English.
I will answer the homework.
1. What is Net Income if revenues change to $40,000 and all other transactions are the same?
→If revenues change to $40,000 and all other transactions are the same is $29,586.
2. What is Net Income if revenues change to $30,000 and cost of goods sold changes to $20,000?
→If revenues change to $30,000 and cost of goods sold changes to $20,000 is $9,586.
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?
If revenues are $30,000, cost of goods sold is $10,000, and total operating expenses change to$25,000 is $5,000(Loss).
4.How easy was this lesson for you?
→The accounting was somewhat hard.
The English was very easy! It's a piece of cake!
Sorry, it is joke, the English was very hard for me.
Getting to and using the linked web pages was about right.
I'm waiting for your reply.
Sincerely.
Atsushi