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November 11, 2008
Editor's Note
Several states voted for (or against) tax initiatives in last week's election. Massachusetts voted against cutting taxes, while Colorado voted against raising taxes. Florida voted for property tax exemptions, while Maine voted down an increase in beverage taxes. How did your state vote on tax issues, and why did they vote the way they did? Let us hear from you on the tax changes in your state.

Best regards,
Gail Perry, CPA
Managing Editor
editor@accountingweb.com

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What Happens On the Internet Stays On the Internet
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Questions & Advice
Service or sales?

Let's say I want to program i-phones for my customers. I give them 2 options:
Option 1 - Purchase a new programmed phone from me that includes the cost of the new phone.
Option 2 - Send in their existing phone and pay me for the service to program it for them.
Is option 1 sales and option 2 service? Add your input!
Add your input!

Negative beta on regression analysis

I was trying to calc a beta for use in a WACC calculation and when I compared my company's returns to the S&P 500 average for the last 5 years, I got a negative beta. I'm not sure why this would be negative, any ideas? We utilize transfer pricing, so one thought was that this could be "skewing" results.
Share your suggestions today!

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