micks56
Joined 18 years ago
Joined 18 years ago
It is (commonly) calculated as COGS / Average Inventory.
Let's say your COGS for a Macbook is $500. You buy material on Jan 1 to make it, assemble on Jan 2, and ship Dec 31. Your turnover is $500 / $500 = 1 for the year.
If you buy parts to make 2 Macbooks on Jan 1 your inventory turnover would be 0.5 ($500 / $1000).
This accounts for unused A5 chips in stock (or anything else unused), and online sales don't count as "0 days".
"It's complicated" is very accurate.
Here is an example. This is a common 3 part test used to decide whether a manufacturer is liable for failure to warn:
1. Manufacturer had actual knowledge of the alleged danger
2. Manufacturer had no reason to know that consumers would know of this danger.
3. Manufacturer failed to exercise reasonable care to inform customers of the danger.
You may have to go to small claims court to get it. Or you may have to get an attorney to get it (Tough to do, I know).
Just know he is feeding you BS and you will have to assert yourself to get it.
What state are you in?
Once again, the programmer's work is sacred and we need Linus's permission, but an artist who creates cover art did trivial work and deserves no protection.
These pictures show what the paper writer is actually using as the "transformativeness" example. Baio never bothered to dig into the writer's citations to figure out the details. Trying to claim his own work is similar to the Blanch v. Koons case is a mistake. They aren't alike at all.
Source code changes that I am suggesting will allow the new BaioNix to functionally "work" just as Linux does, just like how Baio created a picture but it "works" as a homage to an earlier Miles Davis photo.
And I am not suggesting trivial code modifications for the sole purpose of evading copyright. The changes that BaioNix has produce a simpler naming convention that enables programmers to understand the code easier.
People are acting like Baio has a slam dunk case but had to settle because he doesn't have money to defend. In reality Maisel has a slam dunk case and Baio wisely settled and cut his losses.
Is this a just result? As with everything, that is up for debate. But if you want to change the law to allow Baio-works one needs to consider what else it affects.
Baio was mostly the same. Koons was not. See these. http://newsgrist.typepad.com/underbelly/images/silksandals.j... http://newsgrist.typepad.com/underbelly/images/koonsniagara_...
The second picture by Koons is transformative. Baio's is not even close to Koons.
Use some common sense? Baio absolutely published the photograph, which is why we are all having this discussion.
It doesn't matter why people buy something or if it had an impact on sales. A copyright holder retains the sole right to publish a work and its derivatives. That is the essence of how we protect works of art fixed in a tangible means of expression.
Who wins and why? How is this different from or the same as Maisel v. Baio?
Or course this is a matter of interpretation and we are deciding on degrees, but here is an example of what transformative is:
The case that Baio is relying on is Blanch v. Koons. Here is the original work: http://newsgrist.typepad.com/underbelly/images/silksandals.j...
Here is the work of the subsequent artist who was found to be "transformative": http://newsgrist.typepad.com/underbelly/images/koonsniagara_...
Can we agree that Baio's work doesn't arise to the level of transformativeness that the Koons work did?
It describes how much money they will personally owe and how much prison time each of them could do when there is a breach.
note: I have no financial interest in the company linked. It is simply the most comprehensive chart I have seen.
For a bunch of reasons I decided to go back to law school and added that skill.
So now I operate at the intersection of law, management/operations, and engineering for small companies. So far it is working out as a good niche.
This metric speaks as much about Foxcon's success as it does Apple's.