Lesson 7


Dear Kazu,

Thank you for your seventh 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.


>No, I am not familiar with that. Are those different names for October? Tell me more, please.
→Not only in October, is called autumn as pointing to the entire season.
→These are so called from the custom in ancient Japan.

>Oh, ok. Thank you.



>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?
→I know some cool way to spend the summer.
→I will introduce the following three items.

・Uchimizu
→Uchimizu is a custom in Japan since ancient times.
→This will cool the heat through vaporization caused by watering the garden or the road.
→Please try to because there is reference to the following URL;
→You can learn more by referring to the following URL:
URL: http://en.wikipedia.org/wiki/Uchimizu

>Very interesting! And very effective! When I was a child, the larger cities would open up a fire hydrant and let it run in the streets. Children played in the water. We do not do that any more. We must conserve water.


・Sudare
→Another ancient Japanese custom is Sudare.
→Sudare is a summer tradition in Japan.
→They are placed mainly outside the window and eaves.
→They block direct sunlight and insects and the view of others passing on the street.
→You can learn more by referring to the following URL:
URL: http://en.wikipedia.org/wiki/Sudare

>My heavens! Yes, we use sudare here, too. We call them bamboo curtains.
Most of the time sudare are used here on enclosed porches.
Most houses in the US have central air conditioning.
Bamboo curtains used on regular house windows block sunlight and heat.
I remember a house I lived in as a child had bamboo curtains. I loved how they rolled up!


・Wind chime
→The most common material for Japanese wind chimes is glass.
→In addition some are made of metal, bamboo, charcoal or pottery.
→Japanese people feel the coolness in sound and visual clarity.
→I think the best wind chimes are made of glass.
→You can learn more by referring to the following URL:
URL: http://en.wikipedia.org/wiki/Wind_chime

>I love wind chimes!
>How clever of Japanese people to link coolness with the sound of wind chimes!
>How beautiful the whole country must sound with all the wind chimes playing.
>My neighbor has a wind chime.
>I love to listen to it.


What food do you like to eat in hot weather?



Sincerely yours,

Kazu





<Homework>

1. What is the format for an American Income Statement?
→Revenue less Cost of Goods Sold and Operating Expenses equals Net Income.

>Correct!


2. Use your words to tell me how to calculate cost of goods sold.  Please do not use any numbers.
→The calculation of cost of goods sold is as follows:
→Beginning Inventory + Purchases - Ending Inventory = Cost of Goods Sold.

>Correct.


3. Did Beach Toys use LIFO or FIFO to calculate the cost of goods sold?
→Beach Toys uses FIFO to calculate the cost of goods sold.

>Correct!


4. Does the purchase price of inventory rise or fall for Beach Toys, Inc?
→The purchase price of inventory rises.

>Correct!


5. Which inventory method (LIFO or FIFO) is better for Beach Toys, Inc to use?
"Better" means "results in lower income tax."
→Better to use the LIFO for Beach Toys.

>Correct!


6. How easy was this lesson for you?
→The accounting was Somewhat hard.
→The English was Very hard.
→Finding and using the linked web pages was Somewhat hard.

>What made it somewhat hard to find or use the linked pages?




Vocabulary - Income Statement (Part 1)

English → Japanese
cost of goods sold → uriage genka
first-in, first-out → sakiire sakidasi
gross margin → uriage sourieki
inventory → tanaoroshi shisan
invoice → seikyusyo（syouhyou）
last-in, first-out → atoire sakidasi
net income → jyunrieki
purchase → kounyu
revenue → syueki
sale → hanbai

>Thank you for the vocabulary words.




The next lesson is attached.
It is the second lesson about the income statement.

My oldest granddaughter is at my  house for a visit.
She will stay a few days.
We will sew together.
We both like to sew.

Last Wednesday was July 4.
It is the biggest American holiday.
It is our country's birthday.
Here is a page I made about the Fourth of July: http://msgarreis.com/July4th.htm
Do not translate all the linked pages. Look at the pictures.
On one page you can hear some spoken English.
The man talks about barbequeing chicken.

What is the most important holiday in Japan?




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