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#61524
03/17/2002 9:12 PM
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Joined: Nov 2000
Posts: 3,146
Carpal Tunnel
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Carpal Tunnel
Joined: Nov 2000
Posts: 3,146 |
The following just arrived in my inbox. I thought it bore repeating here ...
To all accountants - or people who want to understand them!
Teaching Math in 1950:
A logger sells a truckload of lumber for $100.
His cost of production is 4/5 of the price.
What is his profit?
Teaching Math in 1960:
A logger sells a truckload of lumber for $100.
His cost of production is 4/5 of the price, or $80.
What is his profit?
Teaching Math in 1980:
A logger sells a truckload of lumber for $100.
His cost of production is $80 and his profit is $20.
Your assignment: Underline the number 20.
Teaching Math in 1990:
By cutting down beautiful forest trees, the logger makes $20. What do you think of this way of making a living?
Topic for class participation after answering the question: How did the forest birds and squirrels feel as the logger cut down the trees? There are no wrong answers.
Teaching Math in 2000:
A logger sells a truckload of lumber for $100.
His cost of production is $120.
How does Arthur Andersen determine that his profit margin is $60?
The idiot also known as Capfka ...
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#61525
03/17/2002 9:38 PM
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Joined: Mar 2000
Posts: 6,511
Carpal Tunnel
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Carpal Tunnel
Joined: Mar 2000
Posts: 6,511 |
Rarely do I L*LOL, CapK. This time I did!!  ~~~ *literally
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#61526
03/17/2002 9:51 PM
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Joined: Jan 2001
Posts: 13,858
Carpal Tunnel
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Carpal Tunnel
Joined: Jan 2001
Posts: 13,858 |
The profit margin was $80. Arthur Andersen charged $20, so final profit was $60.
Loud sing cuckoo.
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#61527
03/18/2002 4:53 AM
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Joined: Nov 2000
Posts: 1,289
veteran
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veteran
Joined: Nov 2000
Posts: 1,289 |
He sold it to the Fed. Govt. and it really only cost him $3.56 to produce. But he gave $8000 to the Bush campaign and $5000 to the Cheney campaign. He paid Andersen $8500 to audit his books. So the result will be that he can take tax deductions for the next five years and in the end he will have a net profit of $42,723.00 on the load of lumber. This is called "tax breaks for the average American family."
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#61528
03/18/2002 12:59 PM
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Joined: Dec 2000
Posts: 2,661
Carpal Tunnel
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Carpal Tunnel
Joined: Dec 2000
Posts: 2,661 |
BYB - Yehbut each tax break you get in $cash$ the year before you file your taxes so you missed the *potential interest earned (even though any good American would spend it)!
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