Lund Explorer

I think regardless of what form of accounting you are using, the first is "Investment". Investment should initially come from the shareholders, with additional amounts that could come from financing. Prior to a business starting actual operations, all expenses should be capitalized to be amortized upon start up. Furthermore, expenditures for inventories, or raw materials (in the event that the business is a manufacturer) are also capitalized. Theoretically, revenue should come prior to expense, but that may not actually be the case. Internal Revenue Code (as well as GAAS/GAAP) determines that expenses begin to be incurred upon the start of the actual operation of the business. Therefore, you can have the possibility that a business may be operating for any certain amount of time before actually generating any sales/revenue. So, from the way I see it, either could come first. I'm not saying that I'm disagreeing with your prof., just putting a slightly different spin on the question.

Hey! I was still typing mine before I knew you were talking about me!

That's just about right Root Beer. To them, there's always 30 days in each month....... If you really want to mess with someone someday, wait until you have a tax client who can't afford to pay their taxes by the due date. The IRS has a Form 9465 Installment Agreement Request. The form is pretty easy in that the taxpayer chooses how much they want to pay, and what day the payment is due. Except when you read line #12..... "Enter the day you want to make your payment each month. Do not enter a day later than the 28th." Even the IRS computers can't figure out when February 30th is! ;D

So you are looking forward to the feedback? I'm not sure where I should start, either as the fisherman or the accountant. I guess enough folks will chime in here that are fishermen, so maybe I'll stick to the Bean Counter side of your venture. So to start with, here's a few questions..... 1. Have you looked into writing up a business plan? 2. Have you worked up a cash flow projection? 3. What type of fish will you be chartering out for? 4. How many clients will you take each trip, and how long will a trip last? 5. Is there a market, or a demand for this service? 6. How much cash have you got to start this venture? Now I don't expect that you have the answers to these questions right now, and I don't even think you need to answer them here on a public forum. But before you spend too much time and money I really think you need to answer these questions to yourself. I am very good friends with several charter captains that work on Lake Michigan. From what i know of their businesses, your estimation of income the first few years is going to be closer if you drop one of those zeros. Simple math says that if you work 7 months for $30k, you are going to have to net almost $150 per/day, 7 days a week to make that amount. And that is after paying for the boat, gas, tackle, insurances, and all of the other expenses you'll be faced with. Also, you'll need to think of those bad weather days that forces you to cancel trips. Have you thought about maybe starting this out either on a part time basis like weekends? Or if the lake you are looking at has charters already, you may consider working as a mate for a summer or two. Anyhow, I can probably pm you a couple of links to help you with a few websites that discuss business plans and cash flow projections. But somewhere along the line, you will want to hire an accountant (and most likely an attorney) somewhere closer than me. If you're interested, pm me. Good Luck!

For the boat you're using, I think I'd buy another aluminum prop, and use the damaged one as an emergency backup. As long as the blade isn't causing vibration issues, it should at least idle you back to the dock in an emergency. SS Props? Hey they're great if you plan on ripping down the lake with 9/10th's of the boat sitting out of the water. But I'm not sure if yours could do that regardless of the prop. Besides the fact of cost, a SS prop isn't immune to damage. From first hand experience, I can tell you what it feels like to have a brand new SS prop whack a rock where you knocks the cup off a blade. $500+ shot in the keister. And I have never gotten one repaired that ran anywhere near as good once they got re-cupped. Save the money and buy bait, the monkey will love ya for it!

After a number of years of fishing in tournaments, I got a system down that seemed to work. The final fishing log included the normal stuff such as weather and water conditions, season, what stage the fish were in, along with the results of the tournament. But, I also took it step further. Prior to either a pre-fishing or tournament day, I would write out a milk run plan for the body of water, and then transfer it to a copy of the lake map. After I got home from fishing, I would write down how the day went, and I would also mark a "master map" with the location of each keeper that I had caught. I kept a file for each different lake that held all of the logs for that lake. My trip log for a lake such as White Lake might have started with something like this: Plan to start on slab wood pile in front of "A-Dock". Baby Spook, Tandem Spinner, Black/Chart. Power Craw, Avacado/Christmas Kalin's Grub. If I'm catching, work onto "B & C Docks". If not, work shoreline to leather plant. Remember to work Power Craw along this shoreline. Next move over to Nellie's dock if boat is still there. If not, head up to ring the bell. This plan would continue on until it covered a full days worth of spots to hit. When I got home, I would write something along the lines of this: Started on the "A-Dock" and caught two dink SM's. Moved onto the shoreline heading towards the leather plant. Picked up one good LM (15") on Power Craw. Picked up a keeper SM (14") on grub in front of water release at the plant. Moved over to Nellie's dock and picked off a nice keeper LM (19") with craw. Moved up the lake to ring the bell and caught a SM (15") and two dinks. Using this story type fishing log along with a marked map allowed me to visualize my day on the lake. After a number of trips to White Lake, I could also see the spots where I caught most of my fish. It also showed me the places I hadn't even tried, and that might be worth some time spent during a future pre-fishing trip. With today's technology, I would probably switch out the lake map for a GPS unit that showed numbered waypoints. But I think the "story" is still an important consideration because you can think out the types of lures, and the results.

X2! You took the words right out of my mouth ( er, keyboard). First, for those posters with 4-5 stars under their name, they've probably figured out that there is an edit feature on posts and/or the title. But being somewhat of a newbie myself it took a little time to figure out some of the bells and whistles Glenn offers us. I wonder why everybody is so quick to help out on a fishing problem, but it seems to end there. Secondly, your spot on in your description of the how and what with. The only thing I could add to that would be to fish a little shallower. Muddy water always seems to keep them closer to shore in this neck of the woods.

Nobody should expect a store clerk who gets paid minimum wage to be able to handle a pricing issue. That's what the managers are for. If you are going to want an on-line deal when you plan to visit any store, just make a habit of printing out the web page and bringing it along. It saves a lot of hassles, and it is a good reminder to you that what you have in your hands is what you saw to begin with.

What do they do when the current is missing? Think back (or maybe forward) to Thanksgiving Day at Grandma's house. Grandma and all the other women folk have just cleared the table, and its not safe to try to sneak into the kitchen for one last bite. What are you going to do? You're going to retreat to the living room where you can rest up on the couch and watch the Detroit Lions loss their traditional game, until its time for a late afternoon snack. It's the same thing the bass are going to do, with the exception that they don't have to suffer through the Lions game. I would suggest that if you find yourself on the water when they quit pulling water through the turbines to move upstream. You'll find natural current up in the headwaters, and those bass will most likely stay in the same positions regardless of their feeding mode. They may not be actively biting, but at least you'll have a definitive target to throw at.

In mine, they're all tasty! ;D

Great vent BB, There's a whole new way credit is being managed by the banks, and we're all going to be affected. I'm sure that knowing that you're not alone doesn't help, it is a fact. Lower credit limits, higher interest rates, and in my case a new annual fee for my card, is something we'll all have to endure. If you haven't already, now is the time to get to know your credit score and to learn what things you can do to either maintain it, or to improve it. All of these new things are a reaction to our nations former habit of quick cheap credit. And, like most things, the pendulum is swinging wildly the other way. Sooner or later, I think we'll see a return to a more normal middle ground. I'm surprised that none of the other grey-haired members here haven't brought up how it was worse back in the late 1970's to early 1980's. Back then you could borrow money, but home mortgage rates were running in the neighborhood of 16%. But we somehow survived that time period. Until things return to a more middle ground, we can only grin and bare it.

Should be under the driver's (tow vehicle) side tail light. Look to see if there is a clear lens underneath that provides light onto the plate at night. Many taillights have a hanger built into them. If not, bolt it to the frame where it is visible to the local constabulatory to save on all those late night traffic stops.

How did that question^^^ Turn into an Apple Vs Microsoft debate???? Geez I thought this was a Bass fishing forum. ;D ;D ;D ;D Agreed. I think this thread has degenerated. :-/ Is it too late to say "I miss DOS"?

Find the nearest one of these stores, and take your buddy on a shopping trip. http://www.golfgalaxy.com/galaxy/ Golf Galaxy will have every thing you need from clubs, bags, balls, and tees. The local store has computerized driving ranges so you can take a few test swings. But follow your buddies advice more than the salespeople. You want quality? Be ready to drop around $1k plus before you get out the door. Think of all the spinnerbaits that would buy!

Congrats Chris on the effort it took to put all those thoughts down into this forum. I'm looking forward to taking the time to digest all of it. For now, I've done the copy and paste to MS Word to make it a little more portable. Long Mike had a good idea about a book, because taking the computer into the "library" is kind of a pain!

The old Eagle has been shipped out to its new home, and now its time for me to go shopping for a replacement for the bow of the boat. The question is, what to put up there? The console has a Lowrance X510c (fish finder) and a HDS7m (GPS unit), both of which I really like. But the console is a lot larger than the bow, so I'm looking at options up there. #1 - HDS5x fish finder only? #2 - HDS7 Sonar/GPS combo? #3 - Humminbird sideview thinga-mabob? Does anyone else use a bowmount GPS unit? I'm used to using buoys once I locked down on a spot, but would the cost of the GPS be worth it? Has anybody used the humminbird sidefinder? I've only seen one in action for a limited time, and still not sure if I can get used to it. I'm also a little concerned about picture size down near my feet which is 6'+ from a tired set of older eyes. Opinions anybody?

Its a darn good thing that we have an alternative here in Michigan. With a Meijer store in a lot of towns around here, I never have to step in a Wally-World ever again. It would be interesting though to hear from someone who tried out that "do-it-yourself" funeral thing. Maybe embalmed in Gulp?

Good luck trying to get that size limit raised by a pound or so! :

Congrats, and BTW, I really like that name Bailey.

X2! After surviving the lower parts of forum life, this site is like a breath of fresh air. But I know that this isn't accomplished without all of the work you and the mods do.

RW, While you make a great point, you forgot one important aspect. That is the "Victory Dance" that the defensive player must put on full display when he finally does something he deems worthy. Barely does it even matter that his team may be down by three or more touchdowns at the time. Nothing could be sadder than watching some buffoon revel in individual glory, while playing a team sport.

I'm just wondering if any of the others here are grey haired enough to remember "Hay-Stacks Calhoun" or "The Shiek"? Back in the 1960's these guys were the main event when Hay-Stacks would enter the ring in his bib overalls will the full intent of removing the mask worn by the Shiek. My Grandmother would watch in horror these "Real" wrestling matches. As much as she couldn't understand why the ref's allowed all their antics, she never missed that weekly show.

Speaking for myself, I'm not offended. I might even get to the point were I'm downright impressed. I know you were thinking of getting a Heeler, but if I had been in your shoes, I'd probably be sitting here right now with the same dog you've got. That little guy is going to have some health issues, if nothing else from the starvation alone. But it sounds like you've got a vet involved in that part of his life. And Waylon could have some issues in his training as well. Its hard to tell if he was abandoned prior to the first 8 - 10 weeks of life where he really needed to be with his mother and siblings. This time is very important for puppies to learn socializing skills. Certainly the fact that he was on his own so early in life is going to put him behind in his development that he'll need later in life. But I'm sure if you put in the time required, he will get over those hurdles as well. Old Fart Advice Alert!!!!! Having said all of that, I hope you know that the commitment you were going to make with that Heeler pup just got greatly multiplied. A well adjusted healthy puppy is a big chore, much like having a human child. Its just that a dog happens to have fur and will most likely always walk on all fours. But Waylon is going to be like adopting a special needs child, warts and all. He is probably going to have a better life if for no other reason that he will be getting fed regularly and will have shelter. But if he is going to have the best life possible, you are going to have to do a lot of research and put in a lot of time to help him become a well behaved and sociable adult. Once you've helped him get to that point, he will have a happy life. I'll wish both of you all the luck in the world. Keep us up to date on Waylon's progress. I want that chance to be impressed. I'd be happy to discuss any issues you're having along the way, so if you need to, please PM me.

When next year?

I think Clark started this thread as follows: Quote: First off to save RoadWarrior the hassle Wink This pass is in no way affiliated with BassResource.com, and as such BassResource will not insure, mediate, or otherwise be involved in this endeavor. Any questions/complaints must be taken up/settled with the owner of this pass: clarkvstewart. Now, For those 10 of you who made the cut: Sammy Lee Donbeatya Swilly 78 Jeff C Junior Fisher JJ08 wagn Bassin_0502 Fat-G broncoboxer Stasher 1 UnQuote As I'm not one of the named 11 members here, I guess I won't say anything further on the subject.