Earned/Unearned Income Question

Question:

Hi Gary, Has anyone ever walked up to you and hit you in the face with a brick for no reason? As a matter of fact, YES they have! <snip

Wow.  I apologise if what I said brought back unhappy memories, but I rest on what I said before: your first post was a mugging.  That is what you just did to Michael. I apologized to Michael after he clarified his original statement.

Your apology to Michael hadn’t hit my server by the time I posted. Your post here was uncalled for and totally out of line. Based on the content of the original post, was it really?

Absolutely!  Read his original post again.  He was asking how he should report unearned revenue to his banker.  Six other posters before you found nothing nefarious about it. – Hide quoted text — Show quoted text – I’ve seen much worse in this newsgroup over lesser issues! Gary

Response:

The fact that you don’t give refunds for any reason does provide you with some justification to recognize the revenue on a cash basis (i.e. when you receive it) on the memberships where you receive the $1000 in advance.  The bank would probably feel much better about agreeing with this position if you had this stipulation agreed to in writing with your customers. How about the SEC?  Have you read the SAB & FAQ’s on revenue recognition?

SAB 101, I believe.  I thought about this after I wrote this point.  Although a private marshall arts studio isn’t really under the auspices of the SEC. Even the SEC provides certain procedures that allows clients to recognize revenue in bill and hold situations where one could argue that the revenue production event really hasn’t occurred.   The quandry in this case is (a) does he follow the matching principle and recognize a liability that he is truly under no obligation to repay, (b) does he not recognize this liability and front load his revenue. If it was me, I would probably take the more conservative approach and point out to the bank that I had all of this deferred revenue that I had "really" earned.  But I think you can justify treating it the other way also.     If I get a chance, I will gander at SAB 101 today to see what it says about this issue. Chris

Response:

- Hide quoted text — Show quoted text – I run a martial arts school.  Like a fitness clubs or schools, we sell membership programs.  We usually sell either monthly memberships, where the member pays monthly or we often sell 12 month programs, where the member pays for the entire 12 months in advanced.  Lets say this 12 month program costs $1000. One of my students, who is a MBA and has taken accounting courses, says that I cannot account for the entire $1000 from the 12-month program in the month that the revenue was received on my income statements.  He says I need to spread the $1000 over the 12 months of the membership to account for earned revenue.  The other factor is we do not give any refunds for any reason.  Those reasons may include injury, relocation or even if the school goes out of business. I’m preparing my financial statements right now for a loan and would like to get this figured out, so I can do it properly.  Also, it’s making our revenues look much smaller since as much as 50% of our customers pay for their memberships in advanced. Thanks for your help. The fact that you don’t give refunds for any reason does provide you with some justification to recognize the revenue on a cash basis (i.e. when you receive it) on the memberships where you receive the $1000 in advance.  The bank would probably feel much better about agreeing with this position if you had this stipulation agreed to in writing with your customers.

How about the SEC?  Have you read the SAB & FAQ’s on revenue recognition? If you are receiving the money in monthly allotments, you would have a hard time convincing an objective person that the  revenue should be recognized for the whole year ahead of time. Chris

– sarah clark My experience as a member of the APB (Accounting Principles Board) taught me many lessons.  A major one was that most of us have a natural tendency and an incredible talent for processing new facts in such a way that our prior conclusions remain intact   — Charles Horngren

Response:

Hi Michael I wouldn’t go around bragging about ripping people off! There are many people that have been conned into such memberships and for perfectly valid reasons they have had to move.  Like a job relocation or they got married to someone not living near them. Quite often the person selling the contract will tell them that if they move more than 25 miles away, they can cancel their membership. Yet when the time comes and they move 1000 miles away, the fine print says they are still libel if there is a membership group near them. A lady from an all womens fitness group is forced to pay because an all mens club is within a 25 mile range of their new home. And assholes like you will sue them for failing to pay their contract. So they are stuck paying for a totally useless membership to protect their credit rating. Why don’t you go get a contract with someone that can help you and get suckered into your own scam? Gary

Response:

You misunderstood. Only the programs that are paid in advanced are non-refundable. We simply put a line in the agreement that says all moneys PAID are non-refundable.  That includes downpayments and advanced payments. It is necessary for us to do this, because unlike a corporate health club that you’re referring to, we don’t have lots of cash where we can issue refunds.  Most of the time we barely cover costs.  However, most of our members pay monthly and those contracts are cancellable if they move or are injured. Even if they move to a new location and there’s another martial art school like ours, it’s fine, they can still cancel as long as they move at least 15 miles from our school.  Actually, we rarely hold our members to even those terms.  We usually cancel the memberships even if the member cannot make it to classes like if there work or school schedule changes.  We’re not ripping people off.  We have personal relationships with each of our students and don’t scam people like that. We’re a martial art school and our members are like family.  We’re not some corporate health club that tries to trick people into contracts. – Hide quoted text — Show quoted text – Hi Michael I wouldn’t go around bragging about ripping people off! There are many people that have been conned into such memberships and for perfectly valid reasons they have had to move.  Like a job relocation or they got married to someone not living near them. Quite often the person selling the contract will tell them that if they move more than 25 miles away, they can cancel their membership. Yet when the time comes and they move 1000 miles away, the fine print says they are still libel if there is a membership group near them. A lady from an all womens fitness group is forced to pay because an all mens club is within a 25 mile range of their new home. And assholes like you will sue them for failing to pay their contract. So they are stuck paying for a totally useless membership to protect their credit rating. Why don’t you go get a contract with someone that can help you and get suckered into your own scam? Gary

Response:

I read the provisions of SAB 101 today.  As you can imagine, it’s kind of slow around our office. Anyway, the bulletin pretty explicitly states that the revenue in these instances should be deferred even when the fee is non-refundable, unless that is the conclusion of a separate revenue recognition event, which it clearly wasn’t in this regard.   As SAB’s are an interpretation of GAAP from the SEC perspective, it is more justification to defer the revenue even in the instances where the money is received up front. Chris

Response:

Hi Michael <mugging snipped

Hi Gary, Has anyone ever walked up to you and hit you in the face with a brick for no reason?  That is what you just did to Michael. Your post here was uncalled for and totally out of line. Jeremy Garofalo New Orleans, LA

Response:

Hi Michael <mugging snipped Hi Gary, Has anyone ever walked up to you and hit you in the face with a brick for no reason?  That is what you just did to Michael.

you assume that the aforementioned person did not do such a thing to the psoter. stranger things have happened. – Hide quoted text — Show quoted text – Your post here was uncalled for and totally out of line. Jeremy Garofalo New Orleans, LA

Response:

Hi Michael <mugging snipped Your post here was uncalled for and totally out of line.

yes, i would agree no matter what the circumstances. – Hide quoted text — Show quoted text – Jeremy Garofalo New Orleans, LA

Response:

Ok, Fair Enough Michael I saw the line in your post that said we offer no refunds for any reason, and you use membership contracts, thus the reason for my comments. I will formally apologize for my snide and nasty remarks to you! Looks like they were quite unwarranted. TTUL Gary

Response:

Hi Gary, Has anyone ever walked up to you and hit you in the face with a brick for no reason?

As a matter of fact, YES they have! Then seeing I was down, they took my wallet, my watch, my wedding ring and one of my keyrings, thankfully, not the ring that had my car keys on it, but a keyring full of doorkeys to an office building, that had to change all of their locks. Not one of the ‘friendly’ neighbors that stood and watched called the police or an ambulance for me, neither did they give a description to the police of who did it later. I drove myself to the hospital and asked at the nurses station for someone to park my vehicle somewhere and gave them the keys to my car. When I was released 3 days later, I found that my vehicle was not moved as promised, but instead towed away after hospital security called a towing company the day I arrived.  That is what you just did to Michael.

I apologized to Michael after he clarified his original statement. Your post here was uncalled for and totally out of line.

Based on the content of the original post, was it really? I’ve seen much worse in this newsgroup over lesser issues! Gary

Response:

Revenue recognition of a contractual agreement depends on the terms of the contract not on when the funds are received.  If the payment is for 12 periods but paid in advance there is a strong argument to pro-rate revenue per period refund or no refund. If the payment is for one 12 month period to be paid at the beginning of that period there is a strong argument to recognize the revenue at the beginning of that period. If the revenue needs to pro-rated it is usually booked to a liability account named appropriately to recognize prepaid revenue. For cash-flow planning and income – expense matching there are good reasons to pro-rate the income over the periods. If a pro-rated income matched to expenses is not adequate … Do you charge enough?  The lending institution will want a cash flow statement (so should you) and it will make little difference if your income statement (now) looks great but your future earnings are insufficient to cover operations.

– Hide quoted text — Show quoted text – I run a martial arts school.  Like a fitness clubs or schools, we sell membership programs.  We usually sell either monthly memberships, where the member pays monthly or we often sell 12 month programs, where the member pays for the entire 12 months in advanced.  Lets say this 12 month program costs $1000. One of my students, who is a MBA and has taken accounting courses, says that I cannot account for the entire $1000 from the 12-month program in the month that the revenue was received on my income statements.  He says I need to spread the $1000 over the 12 months of the membership to account for earned revenue.  The other factor is we do not give any refunds for any reason.  Those reasons may include injury, relocation or even if the school goes out of business. I’m preparing my financial statements right now for a loan and would like to get this figured out, so I can do it properly.  Also, it’s making our revenues look much smaller since as much as 50% of our customers pay for their memberships in advanced. Thanks for your help. Michael

Response:

I run a martial arts school.  Like a fitness clubs or schools, we sell membership programs.  We usually sell either monthly memberships, where the member pays monthly or we often sell 12 month programs, where the member pays for the entire 12 months in advanced.  Lets say this 12 month program costs $1000. One of my students, who is a MBA and has taken accounting courses, says that I cannot account for the entire $1000 from the 12-month program in the month that the revenue was received on my income statements.  He says I need to spread the $1000 over the 12 months of the membership to account for earned revenue.  The other factor is we do not give any refunds for any reason.  Those reasons may include injury, relocation or even if the school goes out of business. I’m preparing my financial statements right now for a loan and would like to get this figured out, so I can do it properly.  Also, it’s making our revenues look much smaller since as much as 50% of our customers pay for their memberships in advanced. Thanks for your help. Michael

Response:

- Hide quoted text — Show quoted text – I run a martial arts school.  Like a fitness clubs or schools, we sell membership programs.  We usually sell either monthly memberships, where the member pays monthly or we often sell 12 month programs, where the member pays for the entire 12 months in advanced.  Lets say this 12 month program costs $1000. One of my students, who is a MBA and has taken accounting courses, says that I cannot account for the entire $1000 from the 12-month program in the month that the revenue was received on my income statements.  He says I need to spread the $1000 over the 12 months of the membership to account for earned revenue.  The other factor is we do not give any refunds for any reason.  Those reasons may include injury, relocation or even if the school goes out of business. I’m preparing my financial statements right now for a loan and would like to get this figured out, so I can do it properly.  Also, it’s making our revenues look much smaller since as much as 50% of our customers pay for their memberships in advanced. Thanks for your help. Michael

I’m with the MBA, however I’m sure you could shop around and find a different opinion. — Jim Hudspeth, CFE, CPA   http://survivalworks.com

Response:

- Hide quoted text — Show quoted text -I run a martial arts school.  Like a fitness clubs or schools, we sell membership programs.  We usually sell either monthly memberships, where the member pays monthly or we often sell 12 month programs, where the member pays for the entire 12 months in advanced.  Lets say this 12 month program costs $1000. One of my students, who is a MBA and has taken accounting courses, says that I cannot account for the entire $1000 from the 12-month program in the month that the revenue was received on my income statements.  He says I need to spread the $1000 over the 12 months of the membership to account for earned revenue.  The other factor is we do not give any refunds for any reason.  Those reasons may include injury, relocation or even if the school goes out of business. I’m preparing my financial statements right now for a loan and would like to get this figured out, so I can do it properly.  Also, it’s making our revenues look much smaller since as much as 50% of our customers pay for their memberships in advanced. Thanks for your help.

The fact that you don’t give refunds for any reason does provide you with some justification to recognize the revenue on a cash basis (i.e. when you receive it) on the memberships where you receive the $1000 in advance.  The bank would probably feel much better about agreeing with this position if you had this stipulation agreed to in writing with your customers. If you are receiving the money in monthly allotments, you would have a hard time convincing an objective person that the  revenue should be recognized for the whole year ahead of time. Chris

Response:

– Hide quoted text — Show quoted text – I run a martial arts school.  Like a fitness clubs or schools, we sell membership programs.  We usually sell either monthly memberships, where the member pays monthly or we often sell 12 month programs, where the member pays for the entire 12 months in advanced.  Lets say this 12 month program costs $1000. One of my students, who is a MBA and has taken accounting courses, says that I cannot account for the entire $1000 from the 12-month program in the month that the revenue was received on my income statements.  He says I need to spread the $1000 over the 12 months of the membership to account for earned revenue.  The other factor is we do not give any refunds for any reason.  Those reasons may include injury, relocation or even if the school goes out of business. I’m preparing my financial statements right now for a loan and would like to get this figured out, so I can do it properly.  Also, it’s making our revenues look much smaller since as much as 50% of our customers pay for their memberships in advanced. Thanks for your help. Michael I’m with the MBA, however I’m sure you could shop around and find a different opinion. — Jim Hudspeth, CFE, CPA http://survivalworks.comwant.

The folks at Andersen will provie you with any answer you want.  However, the GAAP answer is: take the $1,000 over the 12 months, recognizing 1/12th of it each month as earned.  The remainder is deferred.  Your MBA friend is correct. — Michael E. Blount, CPA Managing Director Blount & Company, LLP 888.984.1040

Response:

The folks at Andersen will provie you with any answer you want. However, the GAAP answer is: take the $1,000 over the 12 months, recognizing 1/12th of it each month as earned.  The remainder is deferred.  Your MBA friend is correct.

Maybe not.  Our resident AA guy opines as follows: The fact that you don’t give refunds for any reason does provide you with some justification to recognize the revenue on a cash basis (i.e. when you receive it) on the memberships where you receive the $1000 in advance.  The bank would probably feel much better about agreeing with this position if you had this stipulation agreed to in writing with your customers. If you are receiving the money in monthly allotments, you would have a hard time convincing an objective person that the  revenue should be recognized for the whole year ahead of time. Chris That is an answer I could live with. — Jim Hudspeth, CFE, CPA   http://survivalworks.com

Response:

– Hide quoted text — Show quoted text – I run a martial arts school.  Like a fitness clubs or schools, we sell membership programs.  We usually sell either monthly memberships, where the member pays monthly or we often sell 12 month programs, where the member pays for the entire 12 months in advanced.  Lets say this 12 month program costs $1000. One of my students, who is a MBA and has taken accounting courses, says that I cannot account for the entire $1000 from the 12-month program in the month that the revenue was received on my income statements.  He says I need to spread the $1000 over the 12 months of the membership to account for earned revenue.  The other factor is we do not give any refunds for any reason.  Those reasons may include injury, relocation or even if the school goes out of business. I’m preparing my financial statements right now for a loan and would like to get this figured out, so I can do it properly.  Also, it’s making our revenues look much smaller since as much as 50% of our customers pay for their memberships in advanced. Thanks for your help. The fact that you don’t give refunds for any reason does provide you with some justification to recognize the revenue on a cash basis (i.e. when you receive it) on the memberships where you receive the $1000 in advance.  The bank would probably feel much better about agreeing with this position if you had this stipulation agreed to in writing with your customers. If you are receiving the money in monthly allotments, you would have a hard time convincing an objective person that the  revenue should be recognized for the whole year ahead of time.

I think there is some case law on this from the tax side, and HOW you prepare your financials (OCBOA -v- GAAP) will impact how and when you report the income.  I believe the tax basis will let you recognize the income when received.  Either way though, as a banker, I’d feel more comfortable knowing that you had business "in the can" and paid for above having people signed on paying monthly if those monthly people can cancel without any additional payment. — Paul A. Thomas, CPA Athens,  Georgia http://www.pat-cpa.com

Response:

Long hop boil (short and long versions)

Question:

I don’t think it will hurt anything.  The maximum hop utilizations are in the 30-35% range depending upon whom you believe. I boil my brews for 90 minutes, usually the hops don’t go in until after thirty minutes, but I can’t see a problem. I have had your same propane pissing out experience too.  It bites! Cheers, Mike

– Hide quoted text — Show quoted text – Here’s the short version for the freetime-challenged: My bittering hops ended up being boiled for a couple of hours. I seem to recall negative consequences for doing things like that. Can someone refresh my memory on them? Now the long version: This was not intentional, just another brew day from hell. In my 15 or so months of all-grain brewing, I do not recall having a brew day that went exactly as I would hope for. On various occasions I have: – overboiled and missed my target gravity and bittering (I think I’m finally getting the hang of accounting for volume increases at higher temperatures and the tilt in my garage floor which throws off my chart) – plugged a number into the wrong place in ProMash, causing a madcap parade of errors including adding more fermentables to make up for a perceived gravity shortage, only to have to add water later to make up for an actual gravity excess (need I mention the bittering was also screwed up, but it still managed a silver medal at the All About Ales competition so I guess I can’t complain too much). I will note that since my complaint to Mr Donovan on that issue, you can now only change the hydrometer calibration temperature in the system settings, and not on the hydrometer adjustment screen, so I think maybe I had a valid gripe there. – threw myself into a state of panic the first time I used RO water trying to get the mash pH down on my  Pilsner involving at various times flying up and down my cellar stairs, trying to administer small quantities of lactic acid with a shaking hand (AAAAK too much), frantically cooling my samples to get a pH reading before it was Too Late ™ not realizing my temperature compensating pH meter didn’t really need it, trying to gently apply heat and mucking the mash about getting severe arm cramps and further increases to my blood pressure to keep the temperature up while doing all this because God Knows the last thing you want is a thin dry Pilsner, and then finding out my original pH was probably OK anyway Well, I could go on but… The latest episode was presaged by a warning. I should have realized I was on course for another BDFH when I climbed into the shower after starting my mash session only to realize I had forgotten to throw in the damn mash hops. There are few things I hate more than exiting a nice hot shower on a cold morning, and having to do it twice was a real irritant. I should have heeded the warning sign and said to myself, that propane tank is feeling awfully empty, best go fill it before you start. But no, I figure this is probably the last time I’ll be using it since I plan to wire up my nice new electric brewkeg, so let’s just see how it goes. If it runs out, it runs out, I’ll nip up to the propane supplier a couple of blocks away then, no big deal. I was not aware that long before a propane tank coughs its last dying breath and extinguishes my cooker’s flame entirely, it will limp along on the fumes, so to speak, giving the appearance of running my cooker without actually contributing anything useful. I did notice that my boil seemed to be becoming less and less vigourous, and that opening the regulator was not being met with the normal accompanying increase in jet engine roar. However, it was not until near the one hour mark that I checked on my progress and discovered I was still a good 5-6 liters away from my target volume. To quoth Monty Python, bruddy herr. So off goes the flame, toss the tank in the Jeep and head off down to the neighbourhood Husky station. "A fill of propane", says I, even as the hairs on my neck were starting to bristle at a sense of impending doom. "Neither of us are certified," replies the high school yop assigned speaking duties for the evening. A brief outpouring of profanity, but not to worry. I’m told they have another station about a mile away. Off I go, full of hope, until I pull into what amounts to little more than a strip mall version of a gas station. There is no propane to be seen anywhere. However, the clerk does direct me to a competitor a little further up the same road, which mercifully has both propane and someone qualified to dispense it. At which time I get my latest slap in the face: a $19.50 bill. Seems a propane "shortage" has caused the price to double since my last trip to the pump. So by the time I get back home, get it back to a boil, and boil off to my target, I estimate those poor hop pellets had a good two hours in boiling or very hot wort. Will my beer suffer for this folly? That indeed remains the question. Following this BDFH, my wife has the gall to ask me, why do I do this if it’s so much trouble? The vexing part of it was, I had neither a good answer, nor the energy to think one up. Saying "because it’s fun" would have been an unconvincing lie. A better quote would have been, "Man’s reach must occasionally exceed his grasp", but as I said, I was too pooped to be philosophical. Cheers, Brian

Response:

I have no idea if it affected your brew (newbie here…), but I wanted to let you know that I really enjoyed your brew-day description ;) Jo

Here’s the short version for the freetime-challenged: My bittering hops ended up being boiled for a couple of hours. I seem to recall negative consequences for doing things like that. Can someone refresh my memory on them? Now the long version:

Response:

Here’s the short version for the freetime-challenged: My bittering hops ended up being boiled for a couple of hours. I seem to recall negative consequences for doing things like that. Can someone refresh my memory on them? Now the long version: This was not intentional, just another brew day from hell. In my 15 or so months of all-grain brewing, I do not recall having a brew day that went exactly as I would hope for. On various occasions I have: – overboiled and missed my target gravity and bittering (I think I’m finally getting the hang of accounting for volume increases at higher temperatures and the tilt in my garage floor which throws off my chart) – plugged a number into the wrong place in ProMash, causing a madcap parade of errors including adding more fermentables to make up for a perceived gravity shortage, only to have to add water later to make up for an actual gravity excess (need I mention the bittering was also screwed up, but it still managed a silver medal at the All About Ales competition so I guess I can’t complain too much). I will note that since my complaint to Mr Donovan on that issue, you can now only change the hydrometer calibration temperature in the system settings, and not on the hydrometer adjustment screen, so I think maybe I had a valid gripe there. – threw myself into a state of panic the first time I used RO water trying to get the mash pH down on my  Pilsner involving at various times flying up and down my cellar stairs, trying to administer small quantities of lactic acid with a shaking hand (AAAAK too much), frantically cooling my samples to get a pH reading before it was Too Late ™ not realizing my temperature compensating pH meter didn’t really need it, trying to gently apply heat and mucking the mash about getting severe arm cramps and further increases to my blood pressure to keep the temperature up while doing all this because God Knows the last thing you want is a thin dry Pilsner, and then finding out my original pH was probably OK anyway Well, I could go on but… The latest episode was presaged by a warning. I should have realized I was on course for another BDFH when I climbed into the shower after starting my mash session only to realize I had forgotten to throw in the damn mash hops. There are few things I hate more than exiting a nice hot shower on a cold morning, and having to do it twice was a real irritant. I should have heeded the warning sign and said to myself, that propane tank is feeling awfully empty, best go fill it before you start. But no, I figure this is probably the last time I’ll be using it since I plan to wire up my nice new electric brewkeg, so let’s just see how it goes. If it runs out, it runs out, I’ll nip up to the propane supplier a couple of blocks away then, no big deal. I was not aware that long before a propane tank coughs its last dying breath and extinguishes my cooker’s flame entirely, it will limp along on the fumes, so to speak, giving the appearance of running my cooker without actually contributing anything useful. I did notice that my boil seemed to be becoming less and less vigourous, and that opening the regulator was not being met with the normal accompanying increase in jet engine roar. However, it was not until near the one hour mark that I checked on my progress and discovered I was still a good 5-6 liters away from my target volume. To quoth Monty Python, bruddy herr. So off goes the flame, toss the tank in the Jeep and head off down to the neighbourhood Husky station. "A fill of propane", says I, even as the hairs on my neck were starting to bristle at a sense of impending doom. "Neither of us are certified," replies the high school yop assigned speaking duties for the evening. A brief outpouring of profanity, but not to worry. I’m told they have another station about a mile away. Off I go, full of hope, until I pull into what amounts to little more than a strip mall version of a gas station. There is no propane to be seen anywhere. However, the clerk does direct me to a competitor a little further up the same road, which mercifully has both propane and someone qualified to dispense it. At which time I get my latest slap in the face: a $19.50 bill. Seems a propane "shortage" has caused the price to double since my last trip to the pump. So by the time I get back home, get it back to a boil, and boil off to my target, I estimate those poor hop pellets had a good two hours in boiling or very hot wort. Will my beer suffer for this folly? That indeed remains the question. Following this BDFH, my wife has the gall to ask me, why do I do this if it’s so much trouble? The vexing part of it was, I had neither a good answer, nor the energy to think one up. Saying "because it’s fun" would have been an unconvincing lie. A better quote would have been, "Man’s reach must occasionally exceed his grasp", but as I said, I was too pooped to be philosophical. Cheers, Brian

Response:

Inverter Alert

Question:

Uhh, what’s a record player?  What does this have to do with sports?  And which way is clockwise? The digits just flash… – Hide quoted text — Show quoted text – Your finding that your Vector inverter is running at 50 Hz is disturbing.  I just bought a 1000 watt Vector but haven’t hooked it up yet so don’t know if it runs correctly or not. Any ideas on how to check it out without a scope?  Maybe hook up a clock for 24 hours and see if it runs 20% slow or something? Gene Sampson Gene, many modern electric clocks draw their power from a storage battery – so you may get a wrong reading.  Try a record player, you’ll hear it immediately. — Carl A. http://pages.prodigy.net/chainnj/Journal.htm

Response:

John, are you sure you didn’t store that inverter too close to your supply of lantern mantles?  The radioactive ones, that is.  Perhaps they are causing frequency decay… – Hide quoted text — Show quoted text – It might be interesting for anyone else who has the capability to measure frequency to check their cheap inverter and see what frequency it is running at. I have one (300w, 500w peak — or so the label says) I paid about $75 for about four years ago. Don’t know if that qualifies as cheap. Chinese-made, ordered from DAK (whatever happened to them?). I just went out and put my Good Governor on it, and it was putting out at 58 Hz (118 volts steady) with no other load. GB in NC

Response:

Uhh, what’s a record player?  What does this have to do with sports?  And which way is clockwise? The digits just flash…

Which way is clockwise? Simple the direction the CD turns.

Response:

- Hide quoted text — Show quoted text – Uhh, what’s a record player?  What does this have to do with sports?  And which way is clockwise? The digits just flash… Watch the news for a little while. Republican spin is clockwise. — bill Theory don’t mean squat if it don’t work. Unless it’s south of the equator. <g Sorry Bill, couldn’t resist. Hugh A Democrat is nothing more than a Republican whose mind has gone south. — bill Theory don’t mean squat if it don’t work.

Touch

FUCK CRUSH!!!

Question:

ever hear the saying RTFB

– Hide quoted text — Show quoted text – Thank God the troll has been away lately…. College – computer programming student. I suggest you try a different career path.  Computer programming requires that you think logically, something which you have a demonstrated inability to do. My difficulty with school isn’t because of my lack of thinking, but due to my teachers not giving me the proper leadership. You should see my C++ professor. She’s horrible. One of our first assignments was a Hello World program and I got a 40/100 on it because I couldn’t get it to compile. My teacher was no help at all. It turned out that I needed to use quotations when ever I declared strings. How was I suppose to know that? When I asked my teacher all she said was that it was obvious and that I should have read it in the book. Then why did half the people in the class fail that assignment too? She’s suppose to tell us these things. Why bother taking the class if we have to look everything up in the book? I talked to someone who goes to the University of Los Angeles and they’re always talking about how supportive their professors are. How each professor he has always acts like they have a vested interest he passes their class. —— "Like most modern engines, the 1.8L lacks torque in the lower rpm range and shows its power only between 4000 rpm and the red line, which it hits at 7800 rpm. The GT’s engine isn’t as lively as the GT-S’s, which still doesn’t manage to convince that it has a full 180 horses at its disposal!" –Carpoint.com The Vtec Reality Check http://members.home.net/crush/reality-check Over 50,000 people educated!

Response:

Your trying to discuss the merits of higher education with someone who can’t even compile a simple "Hello world" program.  This sample program was probably in the first chapter (or even prologue) to his C++ manual.

I’ll wait for his head to explode when he is instroduced to the concept of constructors, descructors, and the "this" pointer. I am wondering what IDE and/or O/S he is using.

– Lee Cao – www.leecao.com BlueText Development – www.bluetextdev.com

Response:

Thank God the troll has been away lately….

College – computer programming student. —— "Like most modern engines, the 1.8L lacks torque in the lower rpm range and shows its power only between 4000 rpm and the red line, which it hits at 7800 rpm. The GT’s engine isn’t as lively as the GT-S’s, which still doesn’t manage to convince that it has a full 180 horses at its disposal!" –Carpoint.com The Vtec Reality Check http://members.home.net/crush/reality-check Over 50,000 people educated!

Response:

What the hell is wrong with you ?? What did Crush do to you ? He backs up his statements, the logic could be debated but he does nonetheless.. – Dr. Philip *******

Yes, it’s very sad some people are so insecure that they have to stoop to making derogatory remarks against me. I am just the messenger. And I’m already telling them what they know, but do not want to admit. —— "Like most modern engines, the 1.8L lacks torque in the lower rpm range and shows its power only between 4000 rpm and the red line, which it hits at 7800 rpm. The GT’s engine isn’t as lively as the GT-S’s, which still doesn’t manage to convince that it has a full 180 horses at its disposal!" –Carpoint.com The Vtec Reality Check http://members.home.net/crush/reality-check Over 50,000 people educated!

Response:

Thank God the troll has been away lately…. College – computer programming student.

I suggest you try a different career path.  Computer programming requires that you think logically, something which you have a demonstrated inability to do.

Response:

Thank God the troll has been away lately…. College – computer programming student. I suggest you try a different career path.  Computer programming requires that you think logically, something which you have a demonstrated inability to do.

My difficulty with school isn’t because of my lack of thinking, but due to my teachers not giving me the proper leadership. You should see my C++ professor. She’s horrible. One of our first assignments was a Hello World program and I got a 40/100 on it because I couldn’t get it to compile. My teacher was no help at all. It turned out that I needed to use quotations when ever I declared strings. How was I suppose to know that? When I asked my teacher all she said was that it was obvious and that I should have read it in the book. Then why did half the people in the class fail that assignment too? She’s suppose to tell us these things. Why bother taking the class if we have to look everything up in the book? I talked to someone who goes to the University of Los Angeles and they’re always talking about how supportive their professors are. How each professor he has always acts like they have a vested interest he passes their class. —— "Like most modern engines, the 1.8L lacks torque in the lower rpm range and shows its power only between 4000 rpm and the red line, which it hits at 7800 rpm. The GT’s engine isn’t as lively as the GT-S’s, which still doesn’t manage to convince that it has a full 180 horses at its disposal!" –Carpoint.com The Vtec Reality Check http://members.home.net/crush/reality-check Over 50,000 people educated!

Response:

Crush regarding school … ummm you seem to partly understand what’s going on but you don’t see the big picture yet.  They won’t let you graduate unless you see the big picture you know!  Anyhow I’ll let you in on a little secret.   College and university isn’t nessasarily about someone teaching you something and you learning it so that you can use it in your job.  You’re quite right, you don’t use everything that you learn in school but who cares.  Technology changes so fast that you can’t possibly think that everything you learn you’re going to use for the rest of your life with out having to learn anything else.  College and University teach you HOW to learn … They don’t tell you everything on purpose because they want to see if you can figure stuff out of yourself.  Think about it.  Someone gives you a job (not all are cushy and high paying) they hand you an assignment and you don’t know how to complete it?  There are no teachers and nobody has anytime to spend training you.  What are you going to do?  I’ll tell you what you’re going to do.  You’re going to review shit till you’re blue in the face and you going to go to the company library and read some books until everything makes sence.  If you don’t like it then you can go back to flipping burgers or pumping gas.  You will soon learn that life in the high tech scene is not all … get a diploma and live fat.  If it was that easy everyone would be doing it.   I live in Ottawa too CRUSH, I went to community college, I work in the high tech industry.  I KNOW the game.  You just don’t understand the rules yet. Please stop assuming that what you tell us is the "truth" and we just don’t want to admit it. Barn Barn

Response:

This has nothing to do with Honda at all… Hmmm… Dill 98 Ex Turbo

– Hide quoted text — Show quoted text – You failed the "hello world" program?   That’s pretty funny.  The other funny thing is that the hello world program is show IN ITS ENTIRETY in about 1/2 of the text books Ive ever seen. Once again, that was my obsessed fan pretending to be in that post. I am doing COBOL now and got %92 on my last assignment. FWIW, she is an absolutely horrible teacher and furthermore, I am NOT receiving a quality education. It’s more like a ‘game’; get your assignments in, copy each others work when you are stumped,  and cram a night before a test in hopes of passing. – That’s school. There is no quality education and us learning is NOT the number one priority. School is just basically a game. When you win, you get a diploma. The diploma allows you entrance in to a cushy job with lots of benefits. The diploma (especially a degree) is no more than a piece of paper saying you are of ‘higher class’ society and is almost a membership card to be over paid and under worked with a cushy job. A friend of mine has her International Business Degree with MASTERS(!!). She speaks three languages and has this INCREDIBLY cushy job with the gov’t (we’re talking not working at all, leaving when you want, and getting paid regardless… on top of the $400 a night hotel retreats and banquets). Yet, this business w/ MASTERS graduate can’t even remember the accounting equation and doesn’t remember how debit and credit works! But that’s not the point. The point is, she has the degree which allows her entrance in to the over paid life style. What does she do at work? She does NOTHING at all relating to her degree. She does bull crap – nothing – nadda. Any 15 year old with a brain could do what she does. (trust me, it takes NO skill to do what she does). If you want the job though, you have to have a degree and speak french (here in Ottawa) and only then you’ll have a cushy job. The *fact* that I am a much more of a potentially valuable employee means nothing. They need the piece of paper to make sure you are part of them. It took me a couple of months to figure all of this out, but I should have figured it all out sooner. It was right here in the group under my nose. Everyone here would be bugging me every month ‘go to school, go to school, go to school, get a degree, etc.. etc..’. Now I see why. The point is though, the education is NOT a quality education. I have only working knowledge of Word Perfect, Access, Quattro Pro, and COBOL. If any serious company wanted to hire me for the above qualifications, I honestly can’t tell them that I know enough (I wouldn’t tell them that of course). The school gives horrid instruction, let’s you find out how to get things working on your own, and you hand in the assignment and they nit-pick a few marks off because you didn’t use ‘bold’ or because you didn’t put they page number at the bottom of the page. A couple of weeks pass and you forget all the stuff you learned the week before. It’s just a game for a piece of paper – not a real education. What was a real education? Amazingly enough, Compaq training and the A+ school was a quality education. Their goal was to teach you, not to play games and waste your time. Oh well, I’m at the point where I just want to get into co-op and meet my cushy job. I know with confidence that I will probably not even be utilizing what I am learning anyway. I’m playing the game now and will make it without a real quality education, but that goes for everyone else there too. All in all, this has been a bad experience and I was not expecting this at all. I expected a quality education; not games.  People who have been to university say it is even worse. When you a group around a table arguing about what the teacher wants and one guy has a tape recording and is playing it and rewinding it because the teacher gave them insufficient instruction, it makes me wonder how on earth someone would consider college a quality education. ____ "VTEC is used to improve breathing at higher RPMs, it does very little for low RPM operation." –Lee Cao The Vtec Reality Check http://members.home.net/crush/reality-check Over 50,000 people educated!

Response:

- Hide quoted text — Show quoted text – My difficulty with school isn’t because of my lack of thinking, but due to my teachers not giving me the proper leadership. You should see my C++ professor. She’s horrible. One of our first assignments was a Hello World program and I got a 40/100 on it because I couldn’t get it to compile. My teacher was no help at all. It turned out that I needed to use quotations when ever I declared strings. How was I suppose to know that? When I asked my teacher all she said was that it was obvious and that I should have read it in the book. Then why did half the people in the class fail that assignment too? She’s suppose to tell us these things. Why bother taking the class if we have to look everything up in the book? I talked to someone who goes to the University of Los Angeles and they’re always talking about how supportive their professors are. How each professor he has always acts like they have a vested interest he passes their class.

You failed the "hello world" program?   That’s pretty funny.  The other funny thing is that the hello world program is show IN ITS ENTIRETY in about 1/2 of the text books Ive ever seen. If you couldnt get it to compile… dont you think you should have actually opened the book and read until you could get it to compile before you turned the assignment in?

Response:

It’s called initiative you looser.  This is if we even believe you anyway … al – Hide quoted text — Show quoted text – She’s suppose to tell us these things. Why bother taking the class if we have to look everything up in the book?

Response:

You should see my C++ professor. She’s horrible. One of our first assignments was a Hello World program and I got a 40/100 on it because I couldn’t get it to compile. My teacher was no help at all. It turned out that I needed to use quotations when ever I declared strings. How was I suppose to know that? When I asked my teacher all she said was that it was obvious and that I should have read it in the book. Then why did half the people in the class fail that assignment too? Why did half pass?

That was some obsessed fan pretending to be me. On a side note though, his fantasy is VERY true to life. 49% of people in the class failed the mid term exam. They all studied. The sad fact is, it is very much the teachers fault. She has psychological problems and I can’t believe the school would hire trash like that. —— "Like most modern engines, the 1.8L lacks torque in the lower rpm range and shows its power only between 4000 rpm and the red line, which it hits at 7800 rpm. The GT’s engine isn’t as lively as the GT-S’s, which still doesn’t manage to convince that it has a full 180 horses at its disposal!" –Carpoint.com The Vtec Reality Check http://members.home.net/crush/reality-check Over 50,000 people educated!

Response:

You failed the "hello world" program?   That’s pretty funny.  The other funny thing is that the hello world program is show IN ITS ENTIRETY in about 1/2 of the text books Ive ever seen.

Once again, that was my obsessed fan pretending to be in that post. I am doing COBOL now and got %92 on my last assignment. FWIW, she is an absolutely horrible teacher and furthermore, I am NOT receiving a quality education. It’s more like a ‘game’; get your assignments in, copy each others work when you are stumped,  and cram a night before a test in hopes of passing. – That’s school. There is no quality education and us learning is NOT the number one priority. School is just basically a game. When you win, you get a diploma. The diploma allows you entrance in to a cushy job with lots of benefits. The diploma (especially a degree) is no more than a piece of paper saying you are of ‘higher class’ society and is almost a membership card to be over paid and under worked with a cushy job. A friend of mine has her International Business Degree with MASTERS(!!). She speaks three languages and has this INCREDIBLY cushy job with the gov’t (we’re talking not working at all, leaving when you want, and getting paid regardless… on top of the $400 a night hotel retreats and banquets). Yet, this business w/ MASTERS graduate can’t even remember the accounting equation and doesn’t remember how debit and credit works! But that’s not the point. The point is, she has the degree which allows her entrance in to the over paid life style. What does she do at work? She does NOTHING at all relating to her degree. She does bull crap – nothing – nadda. Any 15 year old with a brain could do what she does. (trust me, it takes NO skill to do what she does). If you want the job though, you have to have a degree and speak french (here in Ottawa) and only then you’ll have a cushy job. The *fact* that I am a much more of a potentially valuable employee means nothing. They need the piece of paper to make sure you are part of them. It took me a couple of months to figure all of this out, but I should have figured it all out sooner. It was right here in the group under my nose. Everyone here would be bugging me every month ‘go to school, go to school, go to school, get a degree, etc.. etc..’. Now I see why. The point is though, the education is NOT a quality education. I have only working knowledge of Word Perfect, Access, Quattro Pro, and COBOL. If any serious company wanted to hire me for the above qualifications, I honestly can’t tell them that I know enough (I wouldn’t tell them that of course). The school gives horrid instruction, let’s you find out how to get things working on your own, and you hand in the assignment and they nit-pick a few marks off because you didn’t use ‘bold’ or because you didn’t put they page number at the bottom of the page. A couple of weeks pass and you forget all the stuff you learned the week before. It’s just a game for a piece of paper – not a real education. What was a real education? Amazingly enough, Compaq training and the A+ school was a quality education. Their goal was to teach you, not to play games and waste your time. Oh well, I’m at the point where I just want to get into co-op and meet my cushy job. I know with confidence that I will probably not even be utilizing what I am learning anyway. I’m playing the game now and will make it without a real quality education, but that goes for everyone else there too. All in all, this has been a bad experience and I was not expecting this at all. I expected a quality education; not games.  People who have been to university say it is even worse. When you a group around a table arguing about what the teacher wants and one guy has a tape recording and is playing it and rewinding it because the teacher gave them insufficient instruction, it makes me wonder how on earth someone would consider college a quality education. ____ "VTEC is used to improve breathing at higher RPMs, it does very little for low RPM operation." –Lee Cao The Vtec Reality Check http://members.home.net/crush/reality-check Over 50,000 people educated!

Response:

My difficulty with school isn’t because of my lack of thinking, but due to my teachers not giving me the proper leadership.

Bullshit. You should see my C++ professor. She’s horrible. One of our first assignments was a Hello World program and I got a 40/100 on it because I couldn’t get it to compile. My teacher was no help at all. It turned out that I needed to use quotations when ever I declared strings. How was I suppose to know that? When I asked my teacher all she said was that it was obvious and that I should have read it in the book.

Ba-da-*BING*!!!! A higher education means you should have the skills to RESEARCH the information. A skill-set a moron like you is unable to comprehend. — GRay- Take out the trash for mail. "I still crashed, of course, but right up until I hit the ground I was one fast-thinking fast-moving sunofabitch."  Dan Sorenson (On the effects of adrenaline on the human body), ADFP, 7-2000.

Response:

You should see my C++ professor. She’s horrible. One of our first assignments was a Hello World program and I got a 40/100 on it because I couldn’t get it to compile. My teacher was no help at all. It turned out that I needed to use quotations when ever I declared strings. How was I suppose to know that? When I asked my teacher all she said was that it was obvious and that I should have read it in the book. Then why did half the people in the class fail that assignment too?

Why did half pass? — If you want to reply to me, do it in the newsgroup… It’s been too long since I’ve received anything other than spam in my mailbox from posting my address on Usenet.

Response:

Community college…. lets at least be fully honest. – Hide quoted text — Show quoted text – Thank God the troll has been away lately…. College – computer programming student. —— "Like most modern engines, the 1.8L lacks torque in the lower rpm range and shows its power only between 4000 rpm and the red line, which it hits at 7800 rpm. The GT’s engine isn’t as lively as the GT-S’s, which still doesn’t manage to convince that it has a full 180 horses at its disposal!" –Carpoint.com The Vtec Reality Check http://members.home.net/crush/reality-check Over 50,000 people educated!

Response:

I just want him to drive his car into a large tree at a very high rate of speed!

Thank God the troll has been away lately….

Response:

I just want him to drive his car into a large tree at a very high rate of speed! Thank God the troll has been away lately….

<knock on wood

Response:

You’re an idiot, I haven’t read a crush post in quite awhile, so why bother flaming him? – Hide quoted text — Show quoted text – Look, Just Like Crush I can say things and Im not going to justify why, I’m Just saying FUCK CRUSH.

Response:

What the hell is wrong with you ?? What did Crush do to you ? He backs up his statements, the logic could be debated but he does nonetheless.. – Dr. Philip ******* Philip – 1999 Camaro SS, Pewter(Repaint), T-tops, Flowmaster, ext. sound insulation, Pioneer sound system, NOS, 15 Pound bottle, Trans-AM seats, Brembo brakes, Oil cooler, Cold air, Eibach Pro kit, Alignment kit , Yokohama AVS Sport, Koni Shocks, Cooling Fan Mod, PPROM, Albas, Strut Tower Brace, Headers, HIDs, CAGS, Upgraded pistons, No Fear sticker – Hide quoted text — Show quoted text – Amen brotha’ Look, Just Like Crush I can say things and Im not going to justify why, I’m Just saying FUCK CRUSH.

Response:

Look, Just Like Crush I can say things and Im not going to justify why, I’m Just saying FUCK CRUSH.

Gee thanks a lot for the kind and loving support. —— "Like most modern engines, the 1.8L lacks torque in the lower rpm range and shows its power only between 4000 rpm and the red line, which it hits at 7800 rpm. The GT’s engine isn’t as lively as the GT-S’s, which still doesn’t manage to convince that it has a full 180 horses at its disposal!" –Carpoint.com The Vtec Reality Check http://members.home.net/crush/reality-check Over 50,000 people educated!

Response:

I just want him to drive his car into a large tree at a very high rate of speed!

That wasn’t very nice. —— "Like most modern engines, the 1.8L lacks torque in the lower rpm range and shows its power only between 4000 rpm and the red line, which it hits at 7800 rpm. The GT’s engine isn’t as lively as the GT-S’s, which still doesn’t manage to convince that it has a full 180 horses at its disposal!" –Carpoint.com The Vtec Reality Check http://members.home.net/crush/reality-check Over 50,000 people educated!

Response:

no need to justify that one.. no one disagrees.. :-)

– Hide quoted text — Show quoted text – Look, Just Like Crush I can say things and Im not going to justify why, I’m Just saying FUCK CRUSH.

Response:

Amen brotha’

– Hide quoted text — Show quoted text – Look, Just Like Crush I can say things and Im not going to justify why, I’m Just saying FUCK CRUSH.

Response:

Look, Just Like Crush I can say things and Im not going to justify why, I’m Just saying FUCK CRUSH.

Why would you want to? I just want him to drive his car into a large tree at a very high rate of speed!

Response:

Look, Just Like Crush I can say things and Im not going to justify why, I’m Just saying FUCK CRUSH.

Response:

initial sparge water amount – again

Question:

does anyone know how much water/lb of grain it would take during sparging to get to s.g. 1.010? i want to know how much sparge water to have in my sparge vessel. matt Before you buy.

Response:

does anyone know how much water/lb of grain it would take during sparging to get to s.g. 1.010? i want to know how much sparge water to have in my sparge vessel.

There is no set amount. It all depends on the efficiency of your sparge and lauter process, the ratio you mashed at, and the absorbtion of the grain. Bear with me for a moment. Lets say you were using 10 lbs of grain, used a ratio of 1 qt/lb to mash, and wanted to collect 6 gallons of wort. You would expect to use 2.5 gal. to mash, but lose 1.5 gallons to grain absorbtion, and, lets say a half a gallon to equipment losses. To collect 6 gallons, you would need 5.5 gallons of sparge water. But lets say you used a mash ration of 1.2 qt/lb. instead. You would mash with 3 gallons, have the same losses, and need 5 gallons of sparge water. But here’s the rub: in neither of these are you gauranteed to collect _all_ the available sugars with the amount of sparge water given. If you have a shallow grain bed, or the sparge water forms channels through the bed, or other problems I can’t currently think of occur, then when you run out of sparge water, you might find the gravity of the runnings is 1.018, not 1.010. So, you have a choice: continue sparging until the runnings drop to the gravity you want, then boil the wort longer to boil off the excess water. Or, stop sparging, boil what you have, knowing that while you may not have collected all the sugars, you will still make beer! Or split the difference, figure out how much extra boiling you want to do, and stop sparging when you get to that point. Personally, this is what I do. I’ve never had my runnoff go below 1.010 with the sparge water I’ve calculated, so I check the gravity of the wort I’ve collected, see if it’s near where I want to be (accounting for increased gravity as the wort loses volume), and go at it. I hope this helps. Brew On! David Whitwell Half-Whit Brewing Tacoma, WA "Because Half the Whits Brew, and Half the Whits Don’t"

Response:

RSG/Atlanta golf outing

Question:

Congratulations, YoYo.  You’re the first one to have noticed and made the connection.  I thought it was very Haite-Ashbury.

I was most impressed with the fact that somebody appeared to have taken the effort in designing the shirt that the tie-dye colors and the logo colors blended/matched well. Cheers, Mike — Mike Marler                          Information Technology, Georgia Tech

Response:

Well, we had our moments and no one got hurt!

snip But YoYo told us at the end of the day that he timed his "sucking" to occur on Saturday.  As Rick pointed out, when it comes to "sucking," timing is everything.  

Yo, Randy, and Dr. D: As my favorite golf philosophers The Three Stooges put it, "if at first you don’t succeed, keep on sucking ’til you do succeed!" <g Steve – Hide quoted text — Show quoted text – Something tells me this won’t be the last time the Atlanta RSG’ers get together. Randy

Response:

Y’know, I feel like I ought to take offense at that, but I’m not sure why. I’m **so** sorry if you took offense.  They were your words, and I thought it was funny when you said it.  Truth is, as I told the group, it was a good day for you, and my intent was to point that out.

I’m not really offended. I am, however, a little disappointed that my attempt at humor failed. :) —                            "Par-TAY!"                                 -Fox Mulder

Response:

Today, Labor Day, we held the first group golf outing of Atlanta-area RSG’ers at Browns Mill GC in south Atlanta.

Hi, Randy.  I’m one of the Atlanta RSG’ers (lurker mostly) and play 9 holes after work  with Brian & Yo Yo most Tuesdays.  Brian  was trying to talk me into e-mailing you to join up, but I wasn’t sure how many you were going to have (my wife probably would have come too).  If I had known you only had five, I would have made it out there.  I haven’t played Brown’s Mill in probably 10 years.  Anyways, I got out around 2pm Monday (MAN it was hot) at College park and shot my best round in years! Something tells me this won’t be the last time the Atlanta RSG’ers get together.

Let me know next outing and  It’ll be a "definite maybe" for me to attend :) Robert Shaw

Response:

Gang! Had a ball!!!  I would concur with Mr. R&B we have quite the group here in Atlanta.  I would encourage all RSG’ers to get together with like folk in their local area and do the same.  I would be willing to bet y’all have a blast as well.   And yes Mike * can * crush the ball (and not a bad cart driver ether).  A few of those shots needed passports. I do believe that Mike was the unofficial winner of the news group geeks regional sectional open invitational (for those who are keeping score)  As for my score the accounting firm of Dewy, Cheetem, and Howe is still working on it. As for those who couldn’t make it, fear not.  Getting any group of people together at the same place and time would take a cosmic alignment of planets!  There was a famous author who was once quoted as saying, "more then three people can’t decide where to have dinner.  And so it is.   Let’s do it again real soon.  I know we all have different schedules but I’m up for a round almost any weekend so drop a line if you need a forth (or a second or third).   Hey Yo yo, you have inspired me to get one of those pull cart-a-ma-bobs, makes walking look a whole lot more enjoyable!. And you should have seen Randy’s Tie-Dye, is was the bee’s knees!!!  Kind of camoflage at a gratful dead concert. Till next time! — "The DeMented Golfer" "Forget about World Peace…Visualize using your turn signal." Rick DeMent "Time to pull a quick Hank Snow." : Well, we had our moments and no one got hurt! : : Today, Labor Day, we held the first group golf outing of Atlanta-area : RSG’ers at Browns Mill GC in south Atlanta. : :

Response:

Hey Yo yo, you have inspired me to get one of those pull cart-a-ma-bobs, makes walking look a whole lot more enjoyable!.

Muahahahaha… <monty burns voiceExcellent….</mbv And you should have seen Randy’s Tie-Dye, is was the bee’s knees!!!  Kind of camoflage at a gratful dead concert.

Indeed. Highly appropriate for a San Francisco club. —                            "Par-TAY!"                                 -Fox Mulder

Response:

Well, we had our moments and no one got hurt! Today, Labor Day, we held the first group golf outing of Atlanta-area RSG’ers at Browns Mill GC in south Atlanta. Unfortunately, some of our ATL brethren had an assortment of work-related activities or "honey-do’s" that prevented them from joining us, but the five of us who played found good (if somewhat hot) weather for a day of golf and making new acquaintences.

Next time you guys get together on a long weekend let me know.  I’d like to try and make it. David Golf Instruction Homepage http://www.geocities.com/Augusta/3628/

Response:

And you should have seen Randy’s Tie-Dye, is was the bee’s knees!!!   Kind of camoflage at a gratful dead concert. Indeed. Highly appropriate for a San Francisco club.

Congratulations, YoYo.  You’re the first one to have noticed and made the connection.  I thought it was very Haite-Ashbury. Randy

Response:

- Hide quoted text — Show quoted text – Congratulations to YoYo, who, after posting a career-best round yesterday, came back with another good showing today.  Not a record-setter, but a solid round just six strokes off the record pace he set for himself yesterday.  As so many of us have found time and again, it’s hard to follow up a great round with another solid one.  But YoYo told us at the end of the day that he timed his "sucking" to occur on Saturday.  As Rick pointed out, when it comes to "sucking," timing is everything. Y’know, I feel like I ought to take offense at that, but I’m not sure why. —

YoYo, I’m **so** sorry if you took offense.  They were your words, and I thought it was funny when you said it.  Truth is, as I told the group, it was a good day for you, and my intent was to point that out. Randy

Response:

Congratulations to YoYo, who, after posting a career-best round yesterday, came back with another good showing today.  Not a record-setter, but a solid round just six strokes off the record pace he set for himself yesterday.  As so many of us have found time and again, it’s hard to follow up a great round with another solid one.  But YoYo told us at the end of the day that he timed his "sucking" to occur on Saturday.  As Rick pointed out, when it comes to "sucking," timing is everything.  

Y’know, I feel like I ought to take offense at that, but I’m not sure why. —                            "Par-TAY!"                                 -Fox Mulder

Response:

Well, we had our moments and no one got hurt! Today, Labor Day, we held the first group golf outing of Atlanta-area RSG’ers at Browns Mill GC in south Atlanta. Unfortunately, some of our ATL brethren had an assortment of work-related activities or "honey-do’s" that prevented them from joining us, but the five of us who played found good (if somewhat hot) weather for a day of golf and making new acquaintences. Since the golf course won’t send out fivesomes, we had to break up into two groups, with YoYo and Brian Jones out early.  I joined up with Rick "The Demented Golfer" DeMent and Mike Marler in the group right behind. Never let it be said that walking leads to slow play, as Brian and YoYo were out of sight lickety-split.  Once they left the first green, we hardly saw hide nor hair of them.  In fact, when we turned, there were two groups between us and them (where the heck they came from, nobody knows–we weren’t playing slowly). Congratulations to YoYo, who, after posting a career-best round yesterday, came back with another good showing today.  Not a record-setter, but a solid round just six strokes off the record pace he set for himself yesterday.  As so many of us have found time and again, it’s hard to follow up a great round with another solid one.  But YoYo told us at the end of the day that he timed his "sucking" to occur on Saturday.  As Rick pointed out, when it comes to "sucking," timing is everything.  Brian, we’re told, got off to a good start, but hit a few bumps along the way.  We’ll just say he’s had better days. Rick, "The Demented Golfer," hit some awfully good golf shots, and carded more pars in one round than he’d done before.  Congratulations, Mr. DeMent!  You had us in stitches.  (He’s quite the funny lad.) Mike Marler can whomp that golf ball!  He reached the par five 10th in two, and made a nice attempt at eagle.  It just ran by, but his tap-in birdie was one of two tweeters he carded on the back nine (he was the only one to make a birdie all day).  Mr. Marler can play a little golf, folks.  If not for a couple of bad breaks in the final few holes, he’d have been threatening the 80 mark. I had a rather typical outing, scratching it around for 9 holes, hitting the ball into some impossible spots and making my usual allotment of bogeys and doubles.  But I pulled it together on the back nine.  A 3-putt on 10, and a failure to get up and down from the bunker on 11 led to two bogeys, but I closed out with 7 pars to save the round. The impression I came away with from this experience was that we’ve got some awfully nice folks in RSG, and I highly recommend to each of you to find out who the RSG’ers are in your neck of the woods and get out and meet them.  You’re liable to find out that they’re alot of fun. Something tells me this won’t be the last time the Atlanta RSG’ers get together. Randy

Response:

Offshore Bank Accounts…

Question:

Visit the Offshore Profit Center and discover their secret tools to regain control of your life and personal freedom! Offering fully anonymous bank accounts, diplomatic passports, second passports, citizenship programs, nobility titles, offshore banks, trusts and corporations, offshore investments, education about protecting your privacy, and so much more. Visit: http://www.onlineprofit.com

Response:

Virtual credit cards are: * Issued by one of the big two * Offshore and therefore private * Unsecured (no deposit required) * Offshore means no credit check! So why are they virtual? Find out in your FREE SAMPLE OFFSHORE REPORT which you can claim now simply by visting www.move.to/offshore

Response:

FREE Newsletter on Financial Privacy, Offshore and 2nd Passports,           Bank Charters, Driver’s Lisences, PT-stuff The Privacy Battle at http://nauru-banker-net.com/ Make yourself invisible on the net!! FREE Anonymous Resources to beat BIG BROTHER at http://privacy-consultants.com/

Response:

Visit the Offshore Profit Center and discover their secret tools to regain control of your life and personal freedom! Offering fully anonymous bank accounts, diplomatic passports, second passports, citizenship programs, nobility titles, offshore banks, trusts and corporations, offshore investments, education about protecting your privacy, and so much more. Visit: http://offshoreprofit.com/op/529

The Dominion of Melchizedek today annoucned that it has released its Trust Act of 1997 at the following site: http://www.melchizedek.net/trustact.html The key features of the act are: Legislative History and Comments: The Trust Act of 1997 differs markedly from trust acts and laws of other states and legal jurisdictions. This is in part due to the ecclesiastical sovereignty nature of the Dominion of Melchizedek. Some, but not all of the differences include: 1. That the Most High God is acknowledged as the Creator of all material substance of this universe within the Trust Act, and trusts organized pursuant thereto; 2. No fiduciary duty is recognized under the Trust Act of 1997; 3. No rule against perpetuities is recognized under the Trust Act of 1997; 4. No right of visitation by any governmental authority is recognized under the Trust Act of 1997; 5. The governing law of each trust organized under the Trust Act of 1997 is limited to the revealed Divine law therein defined; 6. Books and records of each trust organized under the Trust Act of 1997 must be maintained and stated in singly entry form based upon jurst weights and measures and not double entry accounting form [e.g. GAAP]; 7. No corporation aggregate or other juris ficta [legal entity] is permitted to be a trustee of a trust organized under the Trust Act of 1997; 8. Each foreign trust which seeks the recognition by registration of the trust in the Dominion of Melchizedek must, among other things, adopt the law of the Dominion of Melchizedek as its governing law; 9. Concepts of "profit", "loss" and "ownership" are not recognized under the law of the Dominion of Melchizedek in the Trust Act of 1997, however the Biblical principle of "increase" and that of lawful "possession" and "stewardship" are recognized in applicable instances; 10. Settlement of disputes in alternative dispute resolution is mandated within the mandatory model paragraph language of any trust organized under the Trust Act of 1997. A significant written explanation and analysis of the foregoing notable differences may be obtained from the Office of the Governor of the Dominion of Melchizedek by written request.

Response:

Visit the Offshore Profit Center and discover their secret tools to regain control of your life and personal freedom! Offering fully anonymous bank accounts, diplomatic passports, second passports, citizenship programs, nobility titles, offshore banks, trusts and corporations, offshore investments, education about protecting your privacy, and so much more. Visit: http://offshoreprofit.com/op/529

Response:

PLEASE HELP – need professional advice!

Question:

Hello, I am wondering if any accountants could tell me what my rights are regarding disclosure of financial activities. I have requested financial info from a company in which I own 2.5% in class A shares. They are not complying. Must they comply with my demand for financial statements at any time or must I wait until the annual report is published ( 5 months away). This company is registered in Canada. I sincerely appreciate any educated responses. Marina, Vancouver

Response:

Hello, I am wondering if any accountants could tell me what my rights are regarding disclosure of financial activities. I have requested financial info from a company in which I own 2.5% in class A shares. They are not complying. Must they comply with my demand for financial statements at any time or must I wait until the annual report is published ( 5 months away). This company is registered in Canada. I sincerely appreciate any educated responses. Marina, Vancouver

I am currently studying for the CPA exam in California, and this is what my law review book (Wiley CPA Review) says: "Right of stockholders to inspect books and records exists a.  These books and records include minute books, stock certificate books, stock ledgers, general account books b.  Demand must be made in good faith and for a proper purpose      1.  May get a list of shareholders to help wage a proxy fight to attempt to control corporation      2.  May not get list of shareholders or customers to use for business mailing list" Perhaps the law may be different in Canada, but chances are that there is something similar.  Good luck! Dorian

Response:

BLACK RESOURCE GUIDE

Question:

THE BLACK RESOURCE GUIDE A NATIONAL BLACK DIRECTORY ISBN 0-960-8374-93 The BLACK RESOURCE GUIDE is one of the best resources in America on African-Americans. It is the premier national black directory in the country. The book features over 54 categories and identifies the names, addresses and phone numbers of key African-American movers and shakers in the United States. It also contains the latest census data on African Americans. THE AMERICAN REFERENCE BOOK ANNUAL describes the book as "an enormously valuable aid in a wide range of African-American applications". This impressive book includes among others, accountants, architects, business leaders, marketing executives, educators, civil rights leaders, judges, politicians, public administrators, radio and newspaper editors, union leaders and heads of key national black organizations. As a bonus, this multipurpose book also list U.S. based African and Caribbean embassies. It is by far the most sought after black directory in the country. The Black Resource Guide is the book of choice for U.S. libraries and for those looking for resources in the national black community. It is widely used by civil rights leaders, personnel specialists, researchers, politicians and marketing experts. The one thing that the offices of Jesse Jackson, Ronald Reagan, Magic Johnson, George Bush and Jimmy Carter have in common

Synthetic Oil? Any Bad Experiences?

Question:

Hi…. Can anyone tell me what if any bad experiences you have had with synthetics?  (other than the high price?). I put Mobil 1 10-30 in my 350 (corvette) and would like to talk to folks who have used this oil for a long time and can tell me what long term experiences you had? Any problems? thanks, Charlie

Response:

Hi…. Can anyone tell me what if any bad experiences you have had with synthetics?  (other than the high price?). I put Mobil 1 10-30 in my 350 (corvette) and would like to talk to folks who have used this oil for a long time and can tell me what long term experiences you had? Any problems?

I’ve used synthetic oil in virtually all my engines (car, motorcycle, 4-stroke outboard, lawn mower) for 20+ years. without a problem.  I prefer Amsoil, but use Castrol Syntec when I can’t find Amsoil.

Response:

I’ve been using Mobil 1 in both my cars (90 Celica and 93 Vision TSi) for a while now.  I did talk to a couple of guys who race in some sedan class at work and are pretty much ‘into’ engines and the like, far more than myself.  Their advice was to let the engine ‘wear-in’ before switching to synthetic, i.e. let the piston rings mate with the cylinder wall etc.  I waited about 18000 miles on both cars but I’m sure you can start earlier. Another piece of advice of which I have no supporting evidence is once you switch, don’t go back to regular oil. BTW Jiffy lube offer a synthetic oil change (Mobil 1)for $49.95  for those of you not handy with an oil filter wrench.  It’s actually not too bad a deal. Steve Gardner The only true Cockney in Abingdon, MD Longing for someone to import the Escort Cossie!

Response:

Another piece of advice of which I have no supporting evidence is once you switch, don’t go back to regular oil.

Why not?! BTW Jiffy lube offer a synthetic oil change (Mobil 1)for $49.95 for those of you not handy with an oil filter wrench.  It’s actually not too bad a deal.

I dodn’t want to pick on you but let’s do some cost accounting: New oil filter+gasket washer = $6 Oil disposal fee = $0.50 Total = $27.00 I know that this is a very rough estimate, but I made some prices a little too high on purpose (oil filter and washers are cheaper for most cars, labor+overhead rate should be lower in a business like that). Moreover, all prices are retail, Jiffy Lube probably pays a lot less for supplies So, they probably make at least $20 profit (maybe more, could be as high as $30-$35) on each synthetic oil change. Vlad. – Hide quoted text — Show quoted text -Steve Gardner The only true Cockney in Abingdon, MD Longing for someone to import the Escort Cossie!

Response:

I dodn’t want to pick on you but let’s do some cost accounting:

I don’t dispute your math, but a regular oil change at JL in Baltimore is 27 bucks.  Looking at it from that angle the synthetic change ain’t bad. Steve Gardner The only true Cockney in Abingdon, MD

Response:

:   : I dodn’t want to pick on you but let’s do some cost : accounting: :   : I don’t dispute your math, but a regular oil change at JL : in Baltimore is 27 bucks.  Looking at it from that angle : the synthetic change ain’t bad. :   : Steve Gardner : The only true Cockney in Abingdon, MD Well, that should be an incentive to do it yourself!

Response:

Well, that should be an incentive to do it yourself!

Have you ever tried to FIND the oil filter on a Chrysler LH.  I dont have the luxury of a pit in my garage, and I live on a hill. s1 Steve Gardner

Response:


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