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Pastimes : Laughter is the Best Medicine - Tell us a joke -- Ignore unavailable to you. Want to Upgrade?

To: ken whited who wrote (6216)	7/21/1998 7:46:00 PM
From: Carter Berezay	Respond to of 62549

Ken, been dare, done dat. Thanks for the reminder. Carter B.

To: ken whited who wrote (6216)	7/21/1998 11:12:00 PM
From: BushPilot	Respond to of 62549

Wow does that bring back memories. BP

To: ken whited who wrote (6216)	7/22/1998 1:43:00 PM
From: SJS	Respond to of 62549

A letter from Sloan business school student. Life in Boston is getting hard. I will tell you an history that suddenly happened to me in class. I have never thought it would happen to me, but there I was in "Financial and Managerial Accounting" - listening to some small deranged man drone on about GAAP (Generally Accepted Accounting Principles), and the BerkTrade School. Suddenly, the woman of my dreams (Sarita, an amazing Canadian woman) walked into the classroom and sat down right in front of me. Observed from behind, her assets were quite intangible. But then Sarita turned to me. W.O.W !, what a pair of collectibles on that girl! As I went through a delightful appraisal of her plant, property and equipment, my interest began compounding ... I could feel my depreciation rate accelerating. I wanted to shower my goodwill all over her lovely inventory. I yearned to be her horizontal contra-account and make adjusting entries to her not-so-gross margin. I was so inflated by my thoughts that I didn't notice that the classroom had emptied out. The lovely young nymph came to me and purred: "I was last in, but I am still here". "Chaval", she said, "I noticed you estimating my performance standards. Your stock is preferred itself. As for me, I recognized my gains on a delivery basis". Sarita went into my vaqueros pants and my wildest holding gains were instantaneously realized. She then performed some direct labor on me. She gave great overhead and even retained all my earnings. I figured I'd better stick to the matching concept, so I went after her cash flow; I absorbed all her liquidation costs with my face value. Finally, our LIFO inventory layers came together. Our input-output was prime as the internal rate of return mounted. "Use that payable on my receivable" she growled. We flowed together as I depleted my wasting assets. Of course, I quickly underwent a large inventory shrinkage, until the salvage value of my machine was reduced to zero. Thank God ... debits and credits do not always give you the Balance... As you see Sloan is a great place to study. Saludos, Rodrigo