Lesson
8
Dear
Taka,
Thank you for your eighth
message. My comments follow.
Sincerely,
Prof. Sue Garreis
Dear Professor Garreis,
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 $29,586(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 $9,586(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?
→
Not Net Income. This is a Net Loss $5,000(five thousand dollars).
Correct!
4.
How easy was this lesson for you?
→
The accounting was about right.
→
The English was somewhat hard.
→
Getting to and using the linked web pages was about right.
Thank
you for your feedback.
【Vocabulary】
Thank
you for the vocabulary words.
I'm
waiting for your reply.
Sincerely,
Taka