#TBT: That Time Mustang Was Marketed to Harried Public Accountants
Should a harried Public Accountant drive a relaxed private fun car like Mustang? The California Board of Accountancy tells us the average yearly salary for a CPA in 1964 was $6,708.42. A 1966 Mustang, like the one the "frazzled figure-wrestler" in the photo above is driving, started at $2500 base.
The Going Concern Grand Prix: Let’s Talk About Your Ride
It's not often we get an advice email we haven't already answered, but lo-and-behold, here's one: What is the coolest car an accountant could have? Bimmer? Benz? Beetle? Forget ballin partners who have long since disposed of a soul, I mean us grunts who do the work. Surely our perceived lack of personality and terrible […]
Tesla Is Damn Serious About Revenue Recognition
Considering the lengths that some companies go to manipulate massage their revenue, this passage from Tesla's Shareholder letter is rather refreshing: During Q1, we consistently produced 400 or more Model S vehicles per week, for a total of over 5,000 during the quarter. We recognized 4,900 vehicles as revenue, exceeding our initial Q1 guidance of 4,500, […]