Lesson 6


Dear Kazu,

Thank you for your sixth message. My comments follow.

Sincerely,

Prof. Sue Garreis



Dear Professor. Susan Garreis,

Thank you for your reply and corrections of my English.

I will answer your questions.


>What is your favorite month?
>I like October best.
>It is cool! And the fall leaf colors are so pretty.
→October is also my favorite.
→Are you familiar with what is called in Japan the autumn of reading, the autumn of appetite, the autumn of art, or October?


>No, I am not familiar with that. Are those different names for October? Tell me more, please.


→However, my favorite month is December because I like to eat oranges under the kotatsu, a habit from the old days of Japan.
>I did not know about kotatsu. I read this article to learn more:　http://en.wikipedia.org/wiki/Kotatsu
>Thank you for the lesson on Japanese culture.
>We do not have that in the United States.
>We do have oranges in December. They are delicious!


>On the East Coast where I am the rainy season is usually in April.
>However, this year we had rain in March, April and May.
>Now we have very little rain.
→It is also the rainy season in the United States!
→Became very much for. Thank you.




Sincerely yours,

Kazu




<Homework>

1. What is the new cash value on the balance sheet?
→New cash value is thirty-two thousand (32,000) dollars.

>This is the old cash value.
>The new cash value is $20,000 (from Fuentes) plus $30,000 (from Smith) plus $40,000 (from Watanabe) minus $10,000 (land cost) minus $60,000 (building cost) equals $20,000.


2. What is the new value of the long-term assets?
→Total Long term Assets is fifty-eight thousand (58,000) dollars.
→The breakdown is as follows. The building is fifty thousand (8,000) dollars and land is Eight thousand (8,000) dollars.

>This is the old value of long-term assets.
>The new value of long-term assets is $10,000 (land) plus $60,000 (building) equals $70,000.


3. What is the new value of the total assets?
→Total assets is ninety thousand (90,000) dollars.

>This is correct.


4. What is the new value of the total liabilities and stockholders' equity?
→Total liabilities and stockholders' equity is ninety thousand (90,000) dollars.

>This is correct.


5. How easy was this lesson for you?
→The accounting was somewhat hard.
→The English was Very hard.


6. Please send me the Japanese translation for the following words.
Please write the words in romajii.

Vocabulary → goi
English Japanese → gairaigo
Inventory → tanaoroshi shisan
Investment → toushi
Liabilities → husai
Payable → kaikakekin
property → koteishisan
stockholders' equity → kabunushi mochibun

>Thank you for the vocabulary words.



I am sorry this lesson is late.
We had a windstorm on Friday night.
It was very swift.
It was very suddent.
It was very intense.
It shut off the electricity for many, many people.
About one million houses lost power.
My house was one of them.
I came to my sister's house on Sunday night.
She lives an hour away from me.
She has electricity.
It is the time of year for this kind of storm.
I do not like them.

It is very hot now.
The temperature is about 100 degrees Fahrenheit (38 degrees Celsius) for several days.
That is too hot for me.

How do you stay cool in the summer?




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