Workshop Attendees, Are You Ready? - Posted by Lonnie

Posted by Lonnie on March 26, 2001 at 18:41:43:

We’ll be looking for you. Make sure you have a die hard battery in that machine, it’s going to get a workout.

Lonnie

Workshop Attendees, Are You Ready? - Posted by Lonnie

Posted by Lonnie on March 25, 2001 at 18:08:08:

Hi Folks,

A last reminder to bring a pad, pencil and CALCULATOR to the workshop. If you don’t have a calculator, I strongly recommend you get one so you can learn to punch the buttons and work the examples we’ll be doing. Two that I recommend are the Texas Instrument BA, and HP 10B. Both will do everything you will need, and only cost about $30. But regardless what brand you get, be sure it’s a FINANCIAL calculator.

I’ve seen quite a number of posts from people who don’t understand how to work the calculator, figure yields, how to structure notes, how notes are bought & sold at discounts and etc. Well, if you don’t know now, you will after Thursday.

Looking forward to spending a great day with all of you.

All the best,

Lonnie

Re: Workshop Attendees, Are You Ready? - Posted by GlennAL

Posted by GlennAL on March 27, 2001 at 09:53:37:

OK, Lonnie I’m ready. New calculator, old notebook, same old sponge brain. I soak up plenty, someone else just keeps wringing it out???

A couple of pre-class thoughts.

Your business has $33,180 in expenses this month. Your revenue was $39,218 What is the rate of return.

Markup vs. Margin? using the 10B

20.00 cost
30.00 price
Margin = 33%

20.00 cost
50% markup
Price = 30.00

end result is $30 but is it really 33% or 50%?

Almost looks like fuzzy retailer math.

See ya Thursday,

Glenn

Re: Workshop Attendees, Are You Ready? - Posted by Les (KY)

Posted by Les (KY) on March 26, 2001 at 11:47:31:

Hello Lonnie,
I am looking forward to your day workshop. I have a HP-12c is that ok.
We are driving in on Wednesday.
Les (KY)

Re: Workshop Attendees, Are You Ready? - Posted by Kate (VA)

Posted by Kate (VA) on March 25, 2001 at 23:30:27:

Looking forward to it! Still have to pick up my calculator. That will be my task for tomorrow night.

See you Thursday!

Kate

Re: Workshop Attendees, Are You Ready? - Posted by Jim Holmes

Posted by Jim Holmes on March 25, 2001 at 23:21:25:

Lonnie,

I’m flying in on Tuesday. I’m looking forward to meeting you and hearing what you’ve got to say.

-Jim-ID

Re: Workshop Attendees, Are You Ready? - Posted by Dee-Texas

Posted by Dee-Texas on March 25, 2001 at 19:40:10:

Hi Lonnie,
I’m looking forward to it. I couldn’t get my flight changed so I’ll be getting there a little late. Got all my items, ESPECIALLY the calculator…still can’t figure that thing out.
See ya there,
Dee-Texas

Workshop Attendees, Are You Ready? - Posted by JohnBoy

Posted by JohnBoy on March 27, 2001 at 22:33:56:

Hi Glenn,

I won’t be at the class Thurs. So I’ll put my .02 in here.

Your business has $33,180 in expenses this month. Your revenue was $39,218 What is the rate of return.

This will vary depending on a number of factors. Did you pre-pay for inventory or use a credit line to stock it with?

If you used a credit line then your return would be infinite! You made a profit on borrowed money AFTER all costs were paid.

Markup vs. Margin? using the 10B

20.00 cost
30.00 price
Margin = 33%

20.00 cost
50% markup
Price = 30.00

end result is $30 but is it really 33% or 50%?

Your mark up is 50%…but your profit margin is 33% of GROSS SALES!

You can fill me in later at the convention.

Re: Workshop Attendees, Are You Ready? - Posted by Lonnie

Posted by Lonnie on March 26, 2001 at 18:36:35:

It will do just fine. (It’s the same one I use.)

Lonnie