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Posted On: 12/04/2017 12:25:08 PM
Post# of 40990
During one of Berman's recent twitter rants he said that "he hasn't taken a paycheck yet and he has put $500,000 of his own money into the company.
One of the quarterly reports show that a 25% commission was booked as COGS.
So the question I have is: If Berman got 25% of that sale as commission, is he splitting hairs that he didn't get a paycheck but instead received a commission check?
If he hasn't received any money whatsoever, commission check included, did he in fact never make the sale? Of could he have just accrued the commission expense...but there is no booking of that in the financials he released.
This is why questions are being asked?
One of the quarterly reports show that a 25% commission was booked as COGS.
So the question I have is: If Berman got 25% of that sale as commission, is he splitting hairs that he didn't get a paycheck but instead received a commission check?
If he hasn't received any money whatsoever, commission check included, did he in fact never make the sale? Of could he have just accrued the commission expense...but there is no booking of that in the financials he released.
This is why questions are being asked?
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