Nether Region
Well-Known Member
That seems some racist shit right thar. In the wake of the Ferguson tragedy, I think we need to be accountable for all intolerance, and racist observances.
Why does it have to be Black Friday?
- Thread starter Nether Region
- Start date
racerboy71
bud bootlegger
omfg, yeah, it's racist, has absolutely nada to do with it meaning that it's the time of year most businesses make most of their money and get out of the red, and into the black.. nope, not a thing..
Nether Region
Well-Known Member
The hell you say! It's trying to say that blacks are cheap and the only way to get the little money whitey allows is to have a day of great sales. It's all there for you to see, but you can't, and that's my point.
racerboy71
bud bootlegger
you're right, i'm wrong, sorry..
racerboy71
bud bootlegger
seems someone got into the thanksgiving punch a wee bit early...
MachiavellI420
Member
odd how we celebrate the stock market crashing by buying things we normally couldn't afford. Ok children, the word of the day is "consumerism". Can you say "consumerism"?
Nether Region
Well-Known Member
Yeah, keep the black man silent. It's time we learn about intolerance and listen to those who do not look or sound like you. No justice, no peace.
Brothers have soul. Soul.
Skuxx
Well-Known Member
that would be me lolseems someone got into the thanksgiving punch a wee bit early...
Nether Region
Well-Known Member
I'm sure stores don't turn a profit until almost month 12 every year. Think about it.
racerboy71
bud bootlegger
and thanksgiving happens to fall on what day exactly this year? i'll give you a hint, it's almost month 12...
Singlemalt
Well-Known Member
That's in your own sick mind
Nether Region
Well-Known Member
That's my point. You think stores operate in the negative for 11 months a year?
Singlemalt
Well-Known Member
http://www.fatwallet.com/black-friday/resources/understanding-accounting-black-friday/
Understanding Accounting and Black Friday
Every year people in America rush to retail stores the day after Thanksgiving in order to pick up the season's hottest items on sale. Christmas shopping has begun and this favorite day is known as 'Black Friday.' Stores typically open around four o'clock in the morning offering promotional sales and although it's not an actual holiday, some employees are given the day off which helps increase the amount of shoppers. Since 2005, this has been one of the busiest shopping days of the year.
Many retailers did not approve of the term Black Friday being used for this day because they felt it was negative. A different theory started circulating in the early '80s that retailers had no financial gain from the first month of the year, January, through the eleventh month of the year, November but their gain came from Black Friday to the holiday season. As this was recorded using accounting practices, red ink would be used to show amounts in the negative whereas black ink would be used to show amounts in the positive. Using this theory, when Black Friday came, retailers would not be in the red or have losses. Instead they would be in the black which means they were taking in profits. This became known as the black ink theory.
Why call it Black Friday if this is the most profitable day for retailers? Because they make profits and remember that positive amounts or profits were recorded in black ink. It's a great, profitable day for retailers but due to a busy shopping day, employees have to work harder which, in their eyes, bring a negative aspect to Black Friday. This shopping season is extremely important to retailers and although some attempt and succeed at profiting during the first of the year, some are more dependent on the holiday shopping season. The last quarter of the year is so profitable that it makes up for any losses occurring the rest of the year for many retailers.
Black Friday has come with controversy as well. Shoppers have been known to wait in line for hours prior to the store opening the doors. Becoming agitated and anxious, they start pushing, shoving, breaking down doors and becoming unruly. There have been many stories of shoppers being hurt in the process and even a person being trampled to death. Regardless of these stories though, this day of shopping remains popular among holiday shoppers and retailers alike. Shoppers get great deals on the newest items and retailers make great profits and are back in the black ink.
Businesses in the United States no longer use ink in order to track losses and profits as the days of colored ink pens are gone, but accounting software continues to use color-coding with the color red indicating loss and the color black indicating profit. For this reason, retailers and other businesses will always hope that the popular shopping day after Thanksgiving will always be a Black Friday and never a red one.
Debits (black ink) and credits (red ink) shouldn't be looked upon as negative or positive but viewed as opposites that help offset one another when they are on one side of an accounting equation. In most cases, credits and debits will equal each other which helps in creating the equations balance. Accounting equations should always be in balance and have the ability to provide a lot of information. The debits and credits tend to equal each other, creating that balance, allowing for parts of the accounting equation to change and the result to be the same.
Almost everyone will face difficulties when it comes to truly understanding the rules of credits and debits but for accountants and bookkeepers it's something they must learn. The real way to gain a true understanding is to simply make the entries repeatedly. As they say, practice makes perfect and eventually making these accounting entries will become second nature and once you learn it, you will likely never forget how it's done.
Accounting can be a complicated subject but it's definitely one worth studying and mastering as it will help in various aspects of business and life. To learn more about credits, debits, and accounting basics, visit the following links:
Understanding Accounting and Black Friday
Every year people in America rush to retail stores the day after Thanksgiving in order to pick up the season's hottest items on sale. Christmas shopping has begun and this favorite day is known as 'Black Friday.' Stores typically open around four o'clock in the morning offering promotional sales and although it's not an actual holiday, some employees are given the day off which helps increase the amount of shoppers. Since 2005, this has been one of the busiest shopping days of the year.
Many retailers did not approve of the term Black Friday being used for this day because they felt it was negative. A different theory started circulating in the early '80s that retailers had no financial gain from the first month of the year, January, through the eleventh month of the year, November but their gain came from Black Friday to the holiday season. As this was recorded using accounting practices, red ink would be used to show amounts in the negative whereas black ink would be used to show amounts in the positive. Using this theory, when Black Friday came, retailers would not be in the red or have losses. Instead they would be in the black which means they were taking in profits. This became known as the black ink theory.
Why call it Black Friday if this is the most profitable day for retailers? Because they make profits and remember that positive amounts or profits were recorded in black ink. It's a great, profitable day for retailers but due to a busy shopping day, employees have to work harder which, in their eyes, bring a negative aspect to Black Friday. This shopping season is extremely important to retailers and although some attempt and succeed at profiting during the first of the year, some are more dependent on the holiday shopping season. The last quarter of the year is so profitable that it makes up for any losses occurring the rest of the year for many retailers.
Black Friday has come with controversy as well. Shoppers have been known to wait in line for hours prior to the store opening the doors. Becoming agitated and anxious, they start pushing, shoving, breaking down doors and becoming unruly. There have been many stories of shoppers being hurt in the process and even a person being trampled to death. Regardless of these stories though, this day of shopping remains popular among holiday shoppers and retailers alike. Shoppers get great deals on the newest items and retailers make great profits and are back in the black ink.
Businesses in the United States no longer use ink in order to track losses and profits as the days of colored ink pens are gone, but accounting software continues to use color-coding with the color red indicating loss and the color black indicating profit. For this reason, retailers and other businesses will always hope that the popular shopping day after Thanksgiving will always be a Black Friday and never a red one.
Debits (black ink) and credits (red ink) shouldn't be looked upon as negative or positive but viewed as opposites that help offset one another when they are on one side of an accounting equation. In most cases, credits and debits will equal each other which helps in creating the equations balance. Accounting equations should always be in balance and have the ability to provide a lot of information. The debits and credits tend to equal each other, creating that balance, allowing for parts of the accounting equation to change and the result to be the same.
Almost everyone will face difficulties when it comes to truly understanding the rules of credits and debits but for accountants and bookkeepers it's something they must learn. The real way to gain a true understanding is to simply make the entries repeatedly. As they say, practice makes perfect and eventually making these accounting entries will become second nature and once you learn it, you will likely never forget how it's done.
Accounting can be a complicated subject but it's definitely one worth studying and mastering as it will help in various aspects of business and life. To learn more about credits, debits, and accounting basics, visit the following links:
- Business Record Keeping: Accounting Basics
- How Stockholders' Records Were Kept Before Computers
- Rules of Debits and Credits
- Understanding Debits and Credits
- Common Accounting Terminology
- Debits and Credits Information
- What are the Origins of Black Friday?
- Knowing Your Debits from Your Credits
- How to Stop Black Friday Mayhem
- Black Friday Survival Guide
Singlemalt
Well-Known Member
Now go to bed, mainliner
racerboy71
bud bootlegger
that's racist
Nether Region
Well-Known Member
The black ink theory. fatwallet.com?
Singlemalt
Well-Known Member
Black ink? Yup, black ink has been the standard for 600 or more years. Sorry
Nether Region
Well-Known Member
The black ink theory came out in the 1980's according to that swill.
http://inothernewz.com/al-sharpton-claims-black-friday-racist/
Al Sharpton Claims Black Friday Is Too Racist
NEW YORK, NEW YORK- The Reverend Al Sharpton doesn’t like Black Friday. No, not the long lines of people waiting to storm the shopping malls or even the choice of many leading retailers this year to open up shop on Thanksgiving to entice more sales. Sharpton, instead, has a big problem with the term “Black Friday” itself and he plans to do something about it.
Sharpton, 59, says he will lead a group of marchers down New York City’s famed Fifth Avenue the Friday after Thanksgiving to protest the name given to the day which officially kicks off the busy holiday shopping season every year.
“I firmly believe the term ‘Black Friday’ is racist and degrading to every person of color in this country and around the world,” said Sharpton during a morning press conference outside his office in downtown Manhattan. “Brothers and sisters, please unite with me and support our cause to bring down this derogatory term!”
Someone from the audience of hundreds loudly asked Sharpton what he proposed the day after Thanksgiving be called instead of Black Friday.
“How about White Friday? Or Blue Friday?” he said, his voice reverberating over the heads of the gathered onlookers. “Hell, call it Pink Friday but let’s cut out the racist intonations! We’ve progressed so much as a people over the years, folks. We deserve better than this!”
It was initially unclear how many supporters would show up to the proposed march down glitzy Fifth Avenue with its countless top-end retailers. Inothernewz.com spoke to a few people present this morning to gauge their reaction to Sharpton’s call to arms.
“I think it’s a wonderful idea what the Reverend is proposing,” said Winston Arach, 44, of Brooklyn, New York. “I wish I could take part in the march but I’ll be in Target trying to get a sweet flat screen television for my living room. Can’t beat the prices on Black Friday, you know?”
“I’m not really sure what’s racist about Black Friday, to be honest,” said Danielle Wilson, 29, of Manhattan. “I was always under the impression it just meant the stores would be making some profits.”
“I’ll be there to march with Reverend Sharpton,” said Gladys Minnow, 66, of Rego Park, Queens. “He can count on me to help sound the alarm and wake up our young people to the realization that Black Friday is not just a shopping day but a day with evil connotations. I just hope there’ll be some hot coffee beforehand.”
Inothernewz.com reached out to New York City Mayor Mike Bloomberg’s office for comment on the proposed march down Fifth Avenue but we were told by a city spokesman that the mayor will take the march under serious consideration. As always, a city approved permit will be required to close down the normally congested street before the gathered supporters can begin demonstrating.
Sharpton ended the press conference by raising a fist into the air and shouting, “Fight the power! Down with Black Friday! Fight the power! Down with Black Friday!”
Singlemalt
Well-Known Member
OK, you win, happy now? Now go to bed