Lesson 8


Dear Kazu,

Thank you for your eighth 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 food do you like to eat in hot weather?
→I like the hot weather, eating something cold and spicy.
→The spicy foods I like are green curry and penne all' Arrabbiata.
→The cold foods I like are somen and soba.
→Also I do like to drink beer while eating green soybeans on hot nights.

>What is your favorite beer?

Somen URL: http://en.wikipedia.org/wiki/S% C5% 8Dmen
Soba URL: http://en.wikipedia.org/wiki/Soba

>Thank you for the links about somen and soba.
>I remembered eating noodles in Tokyo when I was there in 1987.



>What is the most important holiday in Japan?
→I think the most important holiday in Japan is Foundation Day on February 11.
→Foundation Day of Japan is a national holiday that began in 1967. It is based on the national holiday called kigensetu which was enacted in 1872.
→Kigensetu holiday was the original celebration and is the day of the coronation of Emperor Jimmu, the first emperor as written in the Chronicles of Japan.
→Please try to reference the following URL.
URL: http://en.wikipedia.org/wiki/National_Foundation_Day

>Kazu, thank you for including so much about the history of Japan. I learned much this week.



Sincerely yours,

Kazu




<Homework>

1. What is Net Income if revenues change to $40,000 and all other transactions are the same?
→When applied to the above conditions, net income is $29,346.

>Correct!


2. What is Net Income if revenues change to $30,000, cost of goods sold changes to $20,000 and operating expenses are the same?
→When applied to the above conditions, net Income is $9,346.

>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 applied to the above conditions, a net loss of $ 5,000 will occur. It is because the total operating expenses exceed the gross margin.

>Correct!


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



Vocabulary - Income Statement (Part 2)
>Thank you for the vocabulary words.


The new lesson is attached.
It is a summary of the first half of the course.

Please enjoy your break this summer.

I write this from North Carolina.
My sister and I visit her daughter, son-in-law and two granddaughters.
We are in Apex, North Carolina.
It is a six hour drive from my sister's house.
We stay until Monday.
It is always pleasant to visit my niece, nephew and great-nieces.
The girls are four and two years old.




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