Buds Blog Site

January 24, 2008

Superbowl Prop Betting - Come on really?!?

Filed under: Whatever Else — Jason Sanchez @ 7:58 am

Super Bowl Proposition - 2008 NFL Betting Props - Pro Football Prop Bets

As each year as the Superbowl seems to gain momentum, so does the allegiance of gambling against it.  For those who don’t know, prop betting is those odd or one of a kind betting propositions that you don’t normally see.  It doesn’t have anything to do with the outcome of the game, mainly just other situations where the winner or loser has no precedent on the bet. (more…)

January 23, 2008

Chicago Big Smoke Cancelled?!

Filed under: Cigars — Jason Sanchez @ 10:13 am

Cigar Aficionado | Web Features | Chicago Big Smoke Cancelled

Ok, I COMPLETELY understand 2nd hand smoke worries, and smoke-free zones.  City ordinances that prevent people from enjoying this past time have some descent arguments.  But these are legitimate businesses and an industry that has helped create this country.  Tobacco trading was an act that helped generate funds and services to a barely emerging country.  It’s pretty much come down to the fact that we can only enjoy cigars at home or in our cars.  Granted, that’s (more…)

January 21, 2008

On Your Mark, Get Set… Recession!!

Filed under: Accounting & Finance, Business — Jason Sanchez @ 8:22 am

There seem to be a vast number of technical definitions for the word ‘Recession.’  Although most of the financially based definitions seem to be more centered around GDP, they all reflect negatively.  The best definition I found to match our current situation is “the state of the economy declines; a widespread decline in the GDP; and employment and trade lasting from six months to a year.” (more…)

January 19, 2008

The Importance of How You See Your Revenue

Filed under: Accounting & Finance, Business — Jason Sanchez @ 2:28 pm
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Not too many accountants realize that there are a number of methods written and established to change the way your company looks on paper.  Revenue recognition is a simple way to have your company look vastly different in the eyes of an outsider.  The basic rule is that there are either cash or accrual accounting methods.  Cash accounting shows the cash when received.  With accrual accounting, when you receive the cash is completely irrelevant.  So this leaves the method in how you recognize the revenue open. (more…)

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