LJ Post 15653

It seems that I am always wrong here, you know with certain things like finances for a class project, my partner says that our float was an expense for our record of revenue, I put it down as a revenue because if it was an expense it would end up being $20.00 from $0.00 which would be -$20.00, am I correct? Anways, we made a profit of $25.50 from sales that day and she claims that our profit would be $45.50…. but wait, seeing as our float was an expense we are listed as $20.00 inb the hole, so our balance to that point would be $5.50 and not $45.50. As I mention that and argue it nicely she says “Figure it out yourself, I’m leaving” and she storms out all pissed off for being wrong herself.

Really, if I haven’t already lost you out in the land of finances you’d see my point that $25.50+$-20.00=$5.50. But I won’t argue other peoples insanity.

(btw, if you want to see the document, login to the community (link boxes on various pages) and goto the files section, it is called JonesSoda.doc)

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