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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (76433)	2/23/2000 10:07:00 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 132070

Wayne - [[This sounds like a situation where the company gains a benefit by granting cards instead of giving cash. But the value of those cards, no matter how small, should be deducted from earnings. So I would say the company perhaps gained by the barter arrangement (I have no problem with that concept). I have a problem with totally disregarding the cost of producing those cards and the lost business from employees.]] How can you say the cost of the cards and the lost business is being disregarded? The time cards of the labor that is involved in card production is fully accounted for. The cost of the raw material is fully accounted for. When the cards are removed from finished goods inventory, they never appear in recognized revenue from the distributors. The small negative effects automatically appear in the company's accounting database. You disagree? -g- Regards, Don