Thank you TGO for my first limo ride. [Story]

I'm not sure why I haven't told this story before so here we go.

When I first joined LWS in 2004 I was 12 years old (lolololololol, underage b&)

Anyhow, a couple years later in junior high we were having a magazine sale. The prize for selling 15 magazines was a LIMO RIDE and let me tell you that shit is the best when you're 13-14. Anyhow, I could only sell 8 magazines to poor suckers around my neighborhood. So I turned to the internet. For some reason I didn't want to post in the bordello (and really, who wants to help out a 13 year old?) but I did have TGO's AIM contact. And I talked to him on AIM. And sure enough, TGO bought the remaining 7 magazines from me. I'm not sure if he knew that it was some kind of junior high sale or not or just liked the nice magazine prices.

As a result I got the limo ride and everyone thought I was a complete badass for selling not one, not two, but seven magazines to some random dude in Arizona. This praise continued for quite some time. We went around Lake Calhoun / Lake Harriet in the limo. (I live in Minnesota)

So what i'm trying to say is: Fuck what anyone says, TheGunOwner is the man. :cool:

Thank you, TGO, for helping me get my first limo ride.

tgo was pretty cool (for a total dickbutt)

Quite a bit eccentric but TGO is a cool guy regardless. As we say in the rural Midwest, he is "good peoples."

Also he bottomed out Sole so props for that.

Sole, interested in coming to Nashville? I'd love to lick what TGO's been in.

"Dining at the Y" does not mean Y2K bunker...

TGO was a very nice person to me. Sent me a book that he believed really cured his depression and wanted to spread it around.

Did it work?

TOGS committed suicide 3 years ago, so yes.

http://www.youtube.com/user/freak6148

also, http://www.yogaforums.com

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Originally Posted by DaiTengu

also, http://www.yogaforums.com

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David is the sole admin, has no mods and his last date of activity was 1/27/13
He is a rather trusting fellow

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Originally Posted by Rick Scarf

David is the sole admin, has no mods and his last date of activity was 1/27/13
He is a rather trusting fellow

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That's the date of his last post.


Last Activity: Today 08:22 AM

If anyone has an account there please let the person who is whining about expiring pre-paid sessions know that us poor bean-counting accountants have to recognize income at some point, so either services need to be rendered by XX/XX/XX date or we recognize it as income from expired sessions. This is common and happens with everything from coupons to giftcards, everything has to expire or we just hold your money in a suspense account until the Big Collapse and accountants do not like that.

:w-hat:

also from an accountants perspective, a yoga studio would be a great front for money laundering, plenty of people have yoga studios in their home even so you wouldn't even need to rent empty office space

plenty more reasons too but my job here is not to teach anyone searching google how to launder money

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Originally Posted by DaiTengu

:w-hat:

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This poster thinks if you buy a pre-paid block of sessions that it should be unacceptable for them to ever expire - http://www.yogaforums.com/forums/f16...ice-10958.html

So let's say I run a yoga studio, and my normal rates are $50 a session if buying just the one session. I will sell a block of 10 sessions for $300 but they must be used within, say, 2 years. The reason for this is I put that $300 into an sort of holding account called Prepaid Yoga Sessions and every time you use one up, I recognize $30 of yoga income. The is the basic accounting principle of revenue recognition - I cannot recognize it as income until the contracted service is rendered. The rest of that initial purchase is unearned income, and I can't recognize it on my income statement until I actually perform the service that was prepaid. If those sessions never expire, I am carrying that on my books forever and that is bad for several reasons. One, it is a pain to deal with because as my rates change I will always have a separate line for your deal at that $30/session price. Secondly, as my rates change, if enough people banked old sessions it would screw up my income (both actual, and estimates used for gauging growth) because if down the line my studio grew and with inflation my sessions cost $175 a piece, when you use yours I only recognize $30. Lastly there are state laws that state how long I can hold prepaid income for before it, by statue, becomes abandoned property and must be remitted to the state. So for simplicty, I say "hey fatso, you have 2 years to use these", you agree to it, and after 2 years I recognize the balance on my income statement as expired prepaid sessions. You agreed to that up front so don't go on the internet to whine about it because we don't do it to be dicks, we do it because that is just how a business is run, you god damn fat yoga head.

Neeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee rrrrrrrrrrrrrrrrrrrrrrrrrrrrrddddddddddddddddddddd dddddddddddddddddddd!!!!!!!!!!!!!!!!!1111111111111 1111

I can understand why accountants know it's really convenient to have an expiration date on these things to recognize income, but the basic concept of purchasing is exchanging currency for a service/product. Purchasing multiple sessions is purchasing a group of promises of service in lieu of receiving the full service immediately. Having promises of service expire is in the same territory as fraud - denial of a purchased service. I could be crazy, but I don't see why the full bank of promises of service cannot be entered immediately with the understanding that the delivery cost of the services gets applied sporadically in the future. Isn't that the same kind of concept as devaluing purchased equipment over time when accounting for a business' assets?

The expiration date is agreed upon purchase. I don't get how you can consider it fraud.

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Originally Posted by coqauvin

Isn't that the same kind of concept as devaluing purchased equipment over time when accounting for a business' assets?

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Depreciation has an expiration date too, you can't just write off 2% a month or whatever forever, eventually you hit salvage value and full depreciation on the books. Also depreciation is completely different but I just wanted to make that point. You get the business side of it I think, and as mutton said as long as you are clear up front about the terms and it isn't some kind of "fine print" thing, then the contract is voluntarily entered into by both parties that agreed to those terms. The ability to contract like that is pretty much cornerstone to everything in modern business.

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Originally Posted by Rick Scarf

Depreciation has an expiration date too, you can't just write off 2% a month or whatever forever, eventually you hit salvage value and full depreciation on the books. Also depreciation is completely different but I just wanted to make that point. You get the business side of it I think, and as mutton said as long as you are clear up front about the terms and it isn't some kind of "fine print" thing, then the contract is voluntarily entered into by both parties that agreed to those terms. The ability to contract like that is pretty much cornerstone to everything in modern business.

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I'm aware that depreciation is permanent, but doesn't that same sort of idea apply here, as well? I get that you can't just write off an expense without ever expending anything (because nothing was actually purchased yet, even though money has been received), I'm just kind of surprised that those funds can't be held in lieu until the expense actually is made. This brings up the question of what happens if the certificate is never used, to which I don't really have an answer.

Using people accepting a contract doesn't really work as validation of the practice, though. I mean, it's not unheard of or impossible to include illegal clauses (based on vague laws or just straight up illegal) in a contract and in these cases it's fine not to honour those aspects of the contract.

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Originally Posted by coqauvin

This brings up the question of what happens if the certificate is never used, to which I don't really have an answer.

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You answered your own question as to why there are expiration dates

Because of the expiration date, I buy a service, but am never given said service. So in a business's eyes they want you to buy 37,817 years worth of yoga time, and never show up, because they will not have to render said service, but get to keep all dat loot.

I just talked to TGO about 15 minutes ago. There's going to be a mini-TGO running around. he's pregnant.

TGO's child is pregnant?

The father is Dhalsim from Street Fighter

Yoga Flame!

i live by you