Lesson 5



Dear Yuki,

 

Thank you for your fifth message. My comments and corrections follow.

 

Sincerely,

 

Prof. Sue Garreis

 

 

Prof. Susan Garreis,

 

Hello.

 

Thank you for your reply and corrections of my English.

I will answer your questions.

 

I like to see some modern art. I saw a lot of Picasso in Barcelona.

Here is the link: http://www.museupicasso.bcn.cat/en/

→He draws unique pictures.

I've never actually seen his real paintings. I want to see them someday.

 

Is there an art museum of Picasso in Barcelona?

>Yes, there is. It is called the Picasso Museum in English. Here is the website: http://www.museupicasso.bcn.cat/en/

 

The Fuji Art is useum has an exhibit of some Impressionists until the end of June.

Will you see the exhibit?

→I won't see it. I want to go, but I don't have the time.

 >I understand.

 

However, as I will take the licensing examination shortly in Chiba city, I'm going to go to the da Vinci exhibition on the way home.

>Great! That should be wonderful!

 

Are your grandson and daughter similar to you?

>Ava, Dakota, Sean and Emma are all active in sports or dance.

>I am not active in athletics at all.

>They get their athletic talents from their parents.

>All their parents were active athletes.

>Sean and Emma's mother dances as a hobby.

→Motor nerves are very good.

It is enviable.

You have many family members. It looks like fun.

>It is often fun. It is often very busy, too!

 

 

A quilt is a blanket with three layers.

The top layer is made of many small pieces of cloth sewn in a pattern.

The bottom layer is usually plain. >The middle layer is thicker and provides warmth. >All three layers are sewn together.>Some quilt designs are here:

http://www.quiltandsewshop.com/category/quilt-kits/?m=topnav_quiltkits>I make plain, easy quilts.

There are many Japanese quilters

.Here is a link to the Tokyo Quilt Festival:

http://www.tokyo-dome.co.jp/quilt/index.html

→Quilt is a cute and colorful.I knew Tokyo Quilt Festival for the first time. It looks difficult to make that.I want to see the quilt you made!

 

On Saturday, June 8, my granddaughter, Emily, graduated from high school.She starts college in the fall.We had a party after the ceremony.Here is the restaurant where we were: (La Casa Pasta) http://www.martuscelliandsons.com/lp/Just look at the pictures. Do not translate the page.It was fun to celebrate Emily's graduation.

→I want to congratulate you on your graduation.Time to graduate is different from the United States and Japan.The atmosphere in La Casa Pasta was very good.Was Emily pleased?

>Emily was very pleased.

 

>School times are different in the US and Japan.

>In America the new school year begins in late August or early September.

>That is for all levels of school, from kindergarten to graduate school.

>The school year ends in early to mid-June for kindergarten, elementary and high schools.

>The school year ends in early May to early June for college and graduate schools.

>Summer vacation is generally the months of June, July and August.

 

Sincerely yours,

 

 

<Homework>

1.    What is a balance sheet?

→The balance sheet referred to the financial position of the company.

>Correct.

 

2.    What is stockholders' equity in the U.S.?

→・The owners' original investment. plus

・Net earnings from the business. or minus

・Net loss from the business. minus

・Dividends paid by the business to the owners.

>Correct.

 

3.    Name one current asset of Oracle in 2012.

→Cash and cash equivalents.

>Correct.

 

4.    What is the value of that current asset?  Please write the entire value in US dollars.  Write the entire value in words.

→Cash and cash equivalents is Fourteen billion nine hundred fifty-five million US dollars($14,955,000,000).

>Correct.

 

5.    Name one current liability of Nike in 2012.

→Current portion of long-term. debt

>Correct with the word "debt" added.

 

6.    What is the value of that current liability?  Please write the entire value in US dollars.  Write the entire value in words.

→Current portion of long-term debt is Forty-nine million US dollars($49,000,000).

>Correct.

 

7.    Please send me the Japanese translation for the words in the list below. 

Please write the words in romajii. 

 

English→Japanese

accounts →receivableurikakekin

assets→shisan

balance sheet→taishaku taishouhyou

cash→genkin

credit→kaikakekin

currentasset→ ryuudou shisan

current liability→ryuudou fusai

debit→karikata

dividend→haitou

double-entry→hukushiki

equipment→setsubi

 

>Thank you for the vocabulary words.

 

8.    How easy was this lesson for you?

→The accounting was About right.

→The English was Somewhat hard.

 

-----------------

Attached are three files.

1. The lesson is the #5 Balance Sheet-Part 2 file.

 

2. The Beach Toys Excel file is used in the lesson.

It may help to print the Beach Toys Excel file before you start the lesson.

 

3. The Accounting Glossary is used in many lessons.

There is a link to the Accounting Glossary file.

It may be easier to print the Accounting Glossary file, however.

 

In the next lesson, we make a simple balance sheet for an American company.

 

On Saturday (yesterday) I went to a dance recital.

Two grandchildren (Sean and Emma) were in the dance recital.

 

The children take private dance lessons during the year.

This is the website for the school: http://www.cecildancenter.com/

Please do not translate the page. Just look at the pictures.

 

This page - http://www.cecildancenter.com/recital.htm - has more pictures from past recitals.

Emma has danced for five years. She started when she was three.

This is Sean's first year of dancing.

Both are good at it.

 

Their mother took ballet for many years as a child and teenager.

 

The recital was fun to watch.

There were many good dances.

The students were five to eighteen years of age.

 

Have you ever been to a recital? Either dance or music?

Were you ever the student who gave a recital?

I was never in a recital myself, but I have been to many recitals (mostly music).



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