Over the course of the year, we earned some money.

And so your profit is 100.

In the city, large quantities of garbage are being produced every day.

So this right here you could view as our income statement.

So they can see where the buisness is doing well, where it's not doing well, or maybe how rescorces should be allocated

The customer pays you 200 for your services

Nye Now, um, space walks, launching Japanese modules, making scientific discoveries, that's routine.

On the cash basis it looks like you lost money again.

But there are many institutions that are actually blocking this access.

Let's now account for the same series of events but instead of doing it on a cash basis

Give a better indication of what's actually going on in the buisness, and the way I did it in the first two videos, the first column over here

And the other thing you want to think about is not only how intense is the pain but how often does it occur.

BNL star liners leaving each day.

let's do it on an accrual basis.

So this kind of the cash income statement,

So both cash and Accounts Receivables are assets.

You're an opportunist.

It was a few weeks later, and I had just finished looking at the comic section of the Sunday Star.

When did Democracy come into existence?

The question is, are we going to test those intuitions?

You know what I think I'll do? I think I'll imagine life the way I want it to be... Long enough and hard enough?

And the good news is, you can keep going like that.

A great number of accidents happen every year.

Many accidents happen every year.

And you didn't have to spend any expenses because you didn't do any accounting.

That is snobbery.

What? A little soup and celery is all I get? I'm not a Zen monk. I can't survive on an austerity diet like this.

I'm fully dedicated like a patriotic cop.

And so, each year on my birthday...

Error occurred on

Routine procedure.

Maybe as people, because especially in Israel, we're in a democracy.

Today is a grand day for the Separatist cause.

And this isn't just found in packaging.

And so in month 4 we earned 100, and once again, 100 went away from our cash balance, so we still have 400.

Individual freedom is the soul of democracy.

I know what is wrong. I have done wrong.

You're late every day.

It's not the motel. It's us. Pat and Pearl.

So often?

Everyday.

My 30 day challenge was doodling.

(Applause)

So it angered the Chinese Netizens.

One called fixed cost, that is how much does my building costs?