Dear Professor Garreis,

Thank you for your reply and corrections of my English.

I will answer your last questions.

Is there such a thing in Japan?
>>Yes, I often saw such a things.
>>It's very lively!!

Is this holiday celebrated in Japan?
>>Yes, the hoiday is celebrated also Japan.
>>I gave a tie for my father.


Homework

1.What is the format for an American Income Statement?
>>American Income Statement devided into five groups:
   Income Statement
    1.  Revenue
    2.Cost of Goods sold
    3.Gross margin
    4.Operating Expense
    5.Net Income

2.Use your words to tell me how to calculate cost of goods sold.Please do
not use any numbers.
>>The cost of Goods sold  is calculated by Begginnig Inventory plus
>>Purchaseminus Ending Inventory.
>>Because Beach Toys purcjased 100 units with a unit price of 100 dollars on
>>June 5.

3.Did you Beach Toys use LIFO or FIFO to calculate cost of goods sold?
>>Beach Toys use FIFO to calculate cost of goods sold.

4.Dose the purchase price of inventory rise or fall for Beach Toys, Inc?
>>The purchase pricce of invetory rise for Beach Toys,Ink.

5Which inventory methood (LIFO or FIFO) is better for Beach Toys,Inc to
use?."Better" means" results in lower income tax."
>>Beach Toys must use LIFO.
>>Because profits are lower when inflation to save a tax and devdend.

6.How easy was this lesson for you ?
>>The accounting was: Somewhat hard
>>The English was: About right

7.Vocabulary-Income Statement(Part1)
cost of goods sold     >>uriagegenka
first-in, first-out         >>sakiiresakidashihou
gross margin              >>uriagesourieki
inventory                    >>tanaoroshishisan
invoice                       >>seikyuusho
last-in,first-out          >>atoiresakidashihou
net Income                >>toukijunrieki
purchase                   >>shiire
revenue                     >>shuueki
sale                           >>baibai

I thoght I had sent this mail, but it seems Ididn't...
I'll be more careful.
I'm wating for your reply.
Sincerely,

Kazu

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