Dear Michi,

Thank you for your fourth message.  My comments follow.

Sincerely,

Prof. Sue Garreis

 

《　Homework　》

1. Does Japan's Securities and Exchange Surveillance Commission have a website? What is it?

　　→　Yes, It has a website. Securities and Exchange Surveillance Commission performs inspection and the investigation such as brokerage firms.

Correct!

2. Name one way the NYSE is different from Japan's TSE.

　　→　NYSE is different from TSE and does not perform market appointment (Part 1 / Part 2) by the corporate scale.

I am not sure what you mean by this sentence. Sorry.

3.A. How many companies listed on the NYSE are not US companies?

　　→　There are 421 (four hundred twenty-one) listings of non-US companies on the NYSE.

Correct!

3.B. What is the total value of these non-US companies?

　　→　The total value of these non-US companies is $ 11.4trillion.

Correct!

4.A. what is NTT's operating income for the year ended March 31, 2007?

　　→ In yen, NTT's operating income for the year ended March 31, 2007 is 1,107,015 yen.

 

NTT's 2007 operating income is 1,107,015,000,000 yen. One quadrillion, one hundred seven trillion, fifteen billion yen.

Note that in the line just under the years (2005, 2006, etc) there is the phrase "millions of yen."  That means that we add six zeros to all of the figures listed for yen.

4.B. In US dollars, what is NTT's operating income for the year ended March 31, 2007?

　　→　In US dollars, NTT's operating income for the year ended March 31, 2007 is $9,381.

NTT's 2007 operating income in US dollars is $9,381,000,000. Nine trillion, three hundred eighty one billion US dollars.

Here is a page that may help with the confusing American names for large numbers: http://www.jimloy.com/math/billion.htm

5.A. What financial information does McDonald's of Japan have at its website?

　　→　There are a balance sheet and income statements and a profit check and cashflow statements for financing information of the McDonald's of Japan.

Correct!

5.B. Is there more financial information at McDonald's of Japan or at McDonald's USA site? Or is the information about the same?

　　→　Yes. In the McDonald's of Japan and the McDonald's USA, there is financial information both.
　　→ McDonald's USA thinks that there is more financing information than the McDonald's of Japan.

Correct!

5.C. Have you ever eaten at McDonald's? What did you eat? Did you like the food?

　　→　Yes, I have. I ate Mega Mac. My favorite food is udon.

I would love to taste udon at McDonald's of Japan.  We don't have that here!

6. How does the flow of accounting information ove r the Internet help corporations and investors?

　　→　For the company, it can tell management information to the party intersted. For the investor, it can decide a future investment activity from those financing information.

Correct!


I'm waiting for your reply.

Sincerely, yours

Michi


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