Re: Motion regarding foreign registrations

[Gerry Snyder <geraldcsnyder@gmail.com>]

On 8/21/2011 10:37 AM, Jill Bonino wrote:
> Hi All,
>
>
> Estimated Registration Income
>
> From 9-30-10                                    $8890
>
> Sales of R&I                                       3720 (per John 
> Ludi's Storefront Rpt.5-10...254 +  118  per 10-10 report @ $10
>
> Sales of Checklists _1632_(per Storefront Report 5-10...56 + 40 per 
> 10-10 report @ $17
>
> Total Income/Sales                           $14,242
>
> Now, it looks like we have a profit from the Sales of R&Is and 
> Checklists each year compared to the annual printing cost of the R&Is, 
> but as Cheryl mentioned in her post we don't sell all of the books we 
> pay to print each year.  Per John Ludi's 9-30-10 Storefront Inventory 
> report  AIS has back inventory of R&Is and Checklists valued at 
> $105,797.  Estimating that the cost of these books was half what we 
> are charging, that is still $52,900 of unrecouped costs AIS has 
> written off without matching income over the years.
>
> Until those costs are recouped in income, AIS has not made a profit 
> off of the R&Is and Checklists either.  This added foreign 
> registration fee will help cover our costs, not balance our budget.

I am not sure that is right.

John Ludi's inventory report gives the value of remaining stock at 
current prices. It is not the total cost of printing all the checklists 
and R&I's minus sales. (We have found it hard to get those numbers.)

Some items (notably R&I's from early in a decade) have, I believe, 
already made a profit, despite having sizable remaining inventory Many 
or most others have at least covered a fair percentage of printing costs.

If we sold the entire inventory, some of the $105,000 would go toward 
covering expenses, but most would be profit.


BTW, I do agree with many others that John Jones's motion does an 
excellent job of being fair to all.


Gerry Snyder

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