Dear Professour Garreis,

I am sorry that I couldn’t turn in my homework last week...
I will answer  homework.
>Thank you for your homework answers. I am the one who must apologize. 

Homework
1.What is Net Income if revenues change to $40,000 and all other
transactions are the same ?
>>When revenues change to $40,000, that 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 ?
>>When cost of goods sold changes to $20,000 The that is $9,346.
>Correct

3.What is Net Income if revenue are $30,000, cost of goods sold is $10,000,
and total operating expenses change to $25,000 ?
>>When total operating expenses change to $25,000 that is $50,00.
>>The Net Income turn into Net loss.
.There is a net loss of $5,000.

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

Vocabulary-Income Statenent
accrual method     >>hasseishugi
accumulated depreciation   >>genkashoukyakuruikeigaku
depreciation expense      >>genkashoukyakuhi
expenses    >>hiyou
operating expenses  >>eigyouhi
outflow   >>ryuushutu
income statement  >>sonekikeisasho
transaction  >>gyoumu

I'm wating for your reply.
Sincerely.

Kazu

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