After seeing your post today, I clicked on your list of WIPS and picked out one to read based on the title.
I am amazed by this story. I'd never have thought anyone could work basic accounting into fanfic!!
I guess this is a good example of what you were talking about in my journal, too, of a story that isn't the One True Story you really want to tell about the characters (I'd worry about you if it was!), but can nevertheless be a very enjoyable piece of fanfic.
"The revenue is a hundred." Dan scribbled down figures on the back of his script as he spoke. "The cost of goods sold is the cost price of forty dollars, plus the refinishing cost of thirty dollars. Both of those are expenses, giving you a gross profit of thirty dollars. However, you took twenty-five dollars of that as drawings, because you're an alcoholic," Dan added sharply, "so your net profit is five dollars."
One slight quibble from a CPA. Taking drawings doesn't actually change net profit. (I'm not sure if Danny is speaking in jest.) In this example, both the gross and net profit is $30. The drawings mean that only $5 stays in retained earnings/owner's equity/capital. Drawings are a CR to Cash and a DR to owner's equity, but don't touch expenses or profit.
I've never, ever had occasion to make a comment like that in response to a slash story. *g*
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
zvi and
no subject
Date: 2004-12-15 04:30 am (UTC)I am amazed by this story. I'd never have thought anyone could work basic accounting into fanfic!!
I guess this is a good example of what you were talking about in my journal, too, of a story that isn't the One True Story you really want to tell about the characters (I'd worry about you if it was!), but can nevertheless be a very enjoyable piece of fanfic.
"The revenue is a hundred." Dan scribbled down figures on the back of his script as he spoke. "The cost of goods sold is the cost price of forty dollars, plus the refinishing cost of thirty dollars. Both of those are expenses, giving you a gross profit of thirty dollars. However, you took twenty-five dollars of that as drawings, because you're an alcoholic," Dan added sharply, "so your net profit is five dollars."
One slight quibble from a CPA. Taking drawings doesn't actually change net profit. (I'm not sure if Danny is speaking in jest.) In this example, both the gross and net profit is $30. The drawings mean that only $5 stays in retained earnings/owner's equity/capital. Drawings are a CR to Cash and a DR to owner's equity, but don't touch expenses or profit.
I've never, ever had occasion to make a comment like that in response to a slash story. *g*