Lesson 05
Dear Natsu,
Thank you for your fifth message. My comments and corrections follow.
Sincerely,
Prof. Sue Garreis
Dear Professor Garreis,
Thank you for your reply and corrections of my English.
I will answer your questions and reply.
>Wildflowers are the ones that nature plants.
>Here is a link about Maryland wildflowers:
>http://msa.maryland.gov/msa/mdmanual/01glance/html/wildflowers.html#list
⇒Thank you for letting me know. I have understood it, thanks to you.
Wildflowers are very cute.
>Sean's team won its soccer game.
⇒Wow! Congratulations!
>Dakota's team does not keep score. The children are five or six years old.
>Dakota is the only girl on her team. She plays well.
⇒Only girl? Amazing! I think that she will make a professional in the future!
>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.
⇒Thank you very much for your kindness.
I thought the quilt to be sports.
Quilt is very cute. I liked it at first sight.
>Here is a link to the Tokyo Quilt Festival:
http://www.tokyo-dome.co.jp/quilt/index.html
⇒I knew it for the first time.
>On Saturday, June 8, my granddaughter, Emily, graduated from high school.
>She starts college in the fall.
⇒Congratulations on Emily’s graduation!
I wish that Emily's time in college will be one of her happy memories.
By the way, in Japan the new term begins in April at school.
When is summer vacation for schools in America?
>We had a party after the ceremony.
>It was fun to celebrate Emily's graduation.
⇒Sounds fun!
I went to Tokyo Disneyland last week:
http://www.tokyodisneyresort.co.jp/en/index.html
It takes two hours from my house to there by train.
Tokyo Disneyland has its thirtieth anniversary fair now.
It was very crowded in Tokyo Disney Land.
But I looked at many attractions.
The Cinderella Castle lighted up at night is very fantastic:
http://hoshino.asablo.jp/blog/img/2013/04/18/284e45.jpg
The night parade was very pretty and beautiful.
I had a good day.
Thank you for reading my email.
I’m waiting for your reply.
Sincerely yours,
Natsu
<Homework>
1. What is a balance sheet?
⇒The balance sheet shows a business's financial position.
The financial statement is called the "balance sheet" because
the value of assets and the sum of liabilities and stockholders' equity must
balance (be equal).
>>Correct.
2. What is stockholders' equity in the U.S.?
⇒Stockholders' equity in the U.S. is the difference between assets and
liabilities.
Stockholders' Equity is the owners' share of the assets.
>>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 in 2012 is fourteen billion nine hundreds fifty-five million US dollars($14,955,000,000)fourteen billion nine hundred fifty-five million.
>>Correct.
5. Name one current liability of Nike in 2012.
⇒Current portion of long-term debt (Note 8)
>>Correct.
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 in 2012 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.
⇒accounts receivable → urikakekin
assets → shisan
balance sheet → taisyaku taisyouhyou]
cash → genkin
credit → kaikakekin
current asset → ryuudou shisan
current liability → ryuudou husai
debit → karikata
dividend → haitou
double-entry → hukushiki
equipment → setsubi
8. How easy was this lesson for you?
→The accounting was: Somewhat easy
The English was: About right