Lesson 5
Dear Teni,
Thank you for the fifth message. My comments and corrections follow.
Sincerely,
Prof. Sue Garreis
Dear Prof. Susan Garreis
Hello
Thank you for your reply.
Very convenient! I listened to the radio all the way up and back. I kept up with the news that way.
-> In Vietnam, people are listening to the radio when driving, but mostly they hear news about traffic, because in the big city traffic is usually blocked.
> Those traffic reports are extremely helpful!
The roads were wide with three or four lanes in each direction and with limited exit and entrance points. We call that type of highway an interstate.
-> Wow!!! That sounds wonderful!!!
In Vietnam, we often use motorbikes. The road is not very wide so traffic is dangerous in the big city.
I hope you learn about American culture and accounting in this course.
-> Thank you.
My goodness! Here in the mid-Atlantic we have four seasons: spring, summer, fall and winter. Spring has warming temperatures and the flowers and trees started to bud. There is often rain in the spring, but you would say it is mild. In the summer, temperatures get hot and the humidity gets high. But you would say, "Not so bad." The gardens grow their best then, offering delicious fruit, vegetables and flowers for three or more months. In the fall, temperatures begin to cool, the humidity drops and it is final harvest time. I love the fall best. The trees turn beautiful colors. In the winter, temperatures can drop very low. We get rain or snow, followed by ice that freezes overnight. Driving can be very hazardous. The trees are bare and the gardens empty.
-> Mekong Delta was unprecedented snowfall, winter in Japan is very cold so I decided to Vietnam at Christmas, when the weather in Vietnam is cloudy, no rain but very warm, the temperature an average of 25 degrees C.
In the Mekong Delta, we still have the concept of 4 seasons, spring, summer, autumn and winter. The weather has not changed but we are differentiate in time, for example, from January to March will be the season spring, from April to June will be the summer, from July to September will fall, from October to December will be winter.
> Thank you for this description.
Would you prefer that I use simpler English? Or do you like a big challenge?
-> You can use what you want. If I do not understand, I'll use a dictionary.
> OK. I will continue to use slightly more complex English.
Congratulations to you for working in two foreign languages at the same time!
-> Thank you.
Have you been to a farmers' market in Japan?
-> I have not a chance to visit gardens in Japan.
With best wishes
Nguyen Hung Thien
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<Homework>
1. What is a balance sheet?
-> The balance sheet has assets, liabilities and stockholders' equity on the same page.
> Correct.
2. What is stockholders' equity in the U.S.?
-> The stockholders' equity is the Shareholders' equity.
> Correct. It is the owners' share of the assets.
3. Name one current asset of Oracle in 2013.
-> 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 2013 is $14.613.000.000 (fourteen billion six hundred and thirteen million).
> Correct.
5. Name one current liability of Nike in 2013.
-> 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 2013 is $57.000.000 (fifty-seven million US dollars).
> Correct.
7. Please send me the Japanese translation for the words in the list below. Please write the words in romaji.
->
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
> Thank you for the vocabulary words.
8. How easy was this lesson for you?
-> The accounting was: About right.
The English was: About right.
> Thank you for the feedback.
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Today is Friday the 13th.
Friday the 13th is a special day in the US.
Friday is an unlucky day. Thirteen is an unlucky number.
So Friday the 13th is a double unlucky day.
Here is a link telling a little about Friday the 13th: http://en.wikipedia.org/wiki/Friday_the_13th
Some people are afraid of the date and stay inside. Other people laugh at the idea of a bad luck day.
I am at my daughter's house this weekend. Tonight we watched a zombie movie to celebrate Friday the 13th.
It was so bad that it was funny.
Kate made a drink called the "Zombie." Here's a description: http://en.wikipedia.org/wiki/Zombie_(cocktail).
It was a very strong drink! I had one sip.
We had a great evening. We ate tacos for dinner, then watched the movie.
Is there an unlucky number in Japan?
Is there an unlucky day?
The new lesson is the second part of The Balance Sheet.
We create a new company called Beach Toys.
I have also sent an accounting glossary. It defines several terms used in accounting.
Please print the accounting glossary. You will use for the rest of the course.
Sincerely,