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Finance

Finance. With Geoff Jorgensen. General overview. Commissions Order Payment Accounts Receivable Questions to ask Geoff. Random Chuck Norris Fact #1. When Chuck Norris does a pushup, he isn't lifting himself up - he's pushing the Earth down. Commissions. Commission Levels:

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Finance

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  1. Finance With Geoff Jorgensen

  2. General overview • Commissions • Order Payment • Accounts Receivable • Questions to ask Geoff

  3. Random Chuck Norris Fact #1 When Chuck Norris does a pushup, he isn't lifting himself up - he's pushing the Earth down.

  4. Commissions • Commission Levels: • $0 - $7499 = 10% • $7500 - $14,999 = 12.5% • $15,000 - $GOAL = 15% • > GOAL = 2.5% Bonus • When do we get paid? • What do we get paid for? • How much to keep for Uncle Sam?

  5. Order Payment Acceptable Forms of Payment • Credit Card, Debit Card, Check, Cash, Money Order, School PO • Must be one singular payment • Not Acceptable Forms of Payment

  6. Payment Options • Credit Card • Send Invoice

  7. Random Chuck Norris Fact #2 Chuck Norris can tie his shoes with his feet.

  8. Card on File • We require all customers to place a credit card on file before an order can be processed • The card on file will not be charged until the invoice reaches 30 days past due • Do not check out on orders for your customers and place your personal card on file • Have the customer checkout on his/her own order and place a valid credit card on file

  9. School POs • Card on file • Follow up with financial office

  10. Random Chuck Norris Fact #3 Chuck Norris ordered a Big Mac at Burger King, and got one.

  11. Accounts Receivable • All order payments are due on the delivery date • <30 Days Overdue • >30 Days Overdue • >60+ Days Overdue

  12. Art Fee A/R Policy • <30 days overdue • >30 days overdue A CM can eat these costs by taking $12.50 from commissions

  13. Chuck Norris T-Shirt Idea

  14. Questions for Geoff • Something went wrong with my deposit. • Any questions regarding customer payment • Any questions about a late payment • Any tax questions

  15. The Man in Action! • http://www.youtube.com/watch?feature=player_detailpage&v=f67LgpJBPPE • What questions do you have?

  16. 0 0 9 0 0 0 2 3 8 6 5 4 3 2 1 7 0 9 5 1 8 7 6 5 4 3 2 3 0 4 9 8 7 6 5 4 1 2 3 9 8 7 6 5 4 2 7 1 0 2 1 9 8 6 1 5 0 0 3 2 1 0 4 8 9 6 5 4 3 2 1 0 7 What are your take-aways? Hours Minutes Seconds

  17. 0 0 9 0 0 0 1 3 8 6 5 4 3 2 1 7 0 9 5 1 8 7 6 5 4 3 2 3 0 4 9 8 7 6 5 4 0 2 3 9 8 7 6 5 4 2 7 1 0 2 1 9 8 6 1 5 0 0 3 2 1 0 4 8 9 6 5 4 3 2 1 0 7 What are your take-aways? Hours Minutes Seconds

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