Lesson 4
Dear Prof. Sue Garreis:
=>Dear Emi,
Thank you for the fourth message. My comments follow.
First comment: in the subject line the word "forth" appears. It is not the number. "4th" is written as fourth. "Forth" means to go forward. I assume it was a typo.
@When I have a cold, I
usually have something like porridge.
But, instead of oats, we cook it with rice and water.
In Chinese, we call it gzhouh().
Are there any Chinese restaurants in Maryland?
=>Yes, there are very
many Chinese restaurants in Maryland. There is one about fifteen minutes from
my house.
Is that offered in the restaurant?
=>I think zhou is not
offered at my favorite Chinese restaurant, but I will ask when I go there next
time. The soups they have are wonton and egg drop soup. I don't remember
anything that would be thicker, like oatmeal or porridge. I will ask them,
though. My favorite meal at the restaurant is chicken with broccoli. The
broccoli is delicious! There is no other place that makes better broccoli. The
chicken is delicious and very tender. I eat with a fork and spoon, though. I
would starve if I had to eat with chopsticks!
=>Are there Chinese restaurants near the university? What is your favorite
meal in a Chinese restaurant? What is your favorite Japanese food? Are there
any American style restaurants near you?
Homework:
1. Does Japan's Securities and
Exchange Surveillance Commission have a website? What is its URL?
-- Japanfs Securities and
Exchange Surveillance Commission has a website.
Its URL of English is SESC (http://www.fsa.go.jp/sesc/english/index.htm).
=>Thank you.
2. Name one way the NYSE is different from Japan's TSE.
-- NYSE is New York Stock
Exchange.TSE is Tokyo Stock Exchange.
The scale is different. NYSE is top scale in the world. NYSE is the largest
American stock exchange. After a merger in April, 2007 of the New York Stock
Exchange and Euronext, NYSE Euronext become the largest stock exchange in
the world.
As the world's leading and most liquid equities exchange group, NYSE
Euronext powers the exchanging world and is comprised of equities and
derivatives exchanges across the United States and Europe which trade cash
equities, futures, options, fixed-income and exchange-traded products.
With more than 8,000 listed issues, NYSE Euronext is home to the world's
leading companies providing access to the global liquidity they need to
collaborate, compete and grow.
I think itfs easier for users to find the financial information at the site
of NYSE.
=>Thank you. This was a comprehensive
answer!
3.A. How many companies listed on the NYSE Euronext are from Japan?
-- There are 19 companies
from Japan listed on the NYSE Euronext.
=>Correct.
3.B. How many companies listed on the TSE are foreign?
-- There are 12 foreign
companies listed on the TSE.
=>Correct.
4. In yen, what is NTT's operating income for the year ended March 31, 2010?
-- Itfs 1,117,693.
It's 1,117,693,000,000 yen. My email program can't provide the yen symbol.
Sorry. The statement says at the top that the numbers are in millions. That
means we add six zeros to the numbers that appear in the statement.
5.A. What financial information does McDonald's of Japan have at its website?
-- McDonaldfs of Japan
have
financial results
report of pdf. Documents for download from
2005 to 2011,
monthly sales report from 2009 to 2011,
IR event, calendar/ presentation,
stocks information at its website,
consolidated Balance Sheet and so on.
=>Thank you. That's quite a comprehensive answer. There is a good deal of
financial information on the Japanese site.
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?
-- There are more
financial information at McDonaldfs of USA site. It
also concludes SEC filings.
=>Thank you.
5.C. Have you ever eaten at McDonald's? What did you eat? Did you like the food?
-- I have eaten at
McDonaldfs. I ate chicken hamburger, french fries and
coffee. The menu of McDonaldfs in Japan is a little different from that
in China. I like to drink milk shake at McDonaldfs, but, in Japan, I didnft
find the milk shake at McDonaldfs. By the way, In China, people usually go
to KFC install of McDonaldfs, because the food of KFC is more fit to
Chinese taste. KFC often offers some new food and has many stores in China.
=>I had heard that KFC was very popular in China. Is chicken more popular
than beef in China, or are the flavors at KFC better than the McDonald's
flavors? My favorite sandwich at McDonald's is the fish sandwich. My favorite
drink is a strawberry milkshake. I was in Japan in 1987. I thought the french
fries tasted better there than the ones make in the US. My favorite menu item
at KFC is the biscuits. They remind me of the ones my grandmother used to make.
6. How does the flow of accounting information over the Internet help corporations and investors?
-- Corporations and
investors need to learn about companies and
industries. They can use the information (like their financial statements)
which is filed at the SEC website. And, at the IRS website, they can get
many reports and statistical summaries and learn much about business trends
from tax reported information.
7. How easy was this lesson for you?
-- The accounting was
about right, but, a large of information has to be
found. The English was about right.
Sincerely,
Emily
-------------------
The next lesson will introduce the balance sheet. Three files are attached. The lesson is in the "balance111" file. The Nike Balance Sheet and the Oracle Balance Sheet are in the other two files.
I know it has been a while for you, but do you remember your high school graduation? It's a good thing I have some pictures!
Here is a link to some pictures of the graduation taken by a local newspaper: http://www.delawareonline.com/apps/pbcs.dll/gallery?Site=BL&Date=20110611&Category=PHOTOS14&ArtNo=106110802&Ref=PH&Item=9
The school is a military school. That's why they are wearing uniforms.
A more typical public high school graduation is here: http://www.delawareonline.com/apps/pbcs.dll/gallery?Avis=BL&Dato=20110609&Kategori=PHOTOS14&Lopenr=106090802&Ref=PH
It is Christiana High School, also in Delaware. The students wear the typical graduation gown. Students at public school in Newark, Delaware do not wear uniforms.