Dear Michi,

Thank you for your eighth message.  My comments follow.

Sincerely,

Prof. Sue Garreis

 

《 Homework 》

1. What is Net Income if revenues change to $40,000 and all other transactions are the same?

　　→ 　Net Income is $29,646.

Correct!!


2. What is Net Income if revenues change to $30,000 and cost of goods sold changes to $20,000?

　　→　Net Income is $9,646.

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?

　　→　When total operating expense exceeded cost of goods sold, a Net loss occurs.
　　　Therefore, Net loss is $5,000.

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 somewhat easy.

Thank you for the feedback. 

《 Vocabulary - Income Statement (Part 2)

Thank you for the vocabulary list.

I'm waiting for your reply.

Sincerely, yours

Michi


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