Lesson8

Dear Professor Garreis,

Hello.

Thank you for your reply and corrections of my English.

I will answer your last questions.

Seventh homework's answer.
1. What is Net Income if revenues change to $40,000 and all other
transactions are the same?
> The 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?
> The 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?
> Not Net Income. Net loss is $5,000.
>>Correct.

4. How easy was this lesson for you?
> The accounting was: Somewhat hard
>The English was: Somewhat hard
>Getting to and using the linked web pages was: Somewhat hard
>>Thank you for the vocabulary list.

I’m waiting for your reply.

Sincerely,
Yuu.


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