Time is definitely a commodity!!!

I thought that life would be easier after graduating from college, at least for a couple months or so. But Golly I've been going back to back from work (7am - 2:45) to track practice (3:20 - 5) to class (5:45 - 8:30).

I AM YOUNG AND WANT TO HAVE FUN AGAIN!!!!

But i can't complain cuz i love living on my own and being independent. I guess it's the price i pay.

False Profit!!

I learned something in Economic class today made me so upset: economic profit. Economic profit is calculated similar to accounting profit except it includes the cost of the decision one chooses to forego (implicit cost or opportunity cost). My question is why would you include the cost of an alternative that you chose to forego? If you choose an option or alternative, be committed to it. Don't tease yourself with what if's and could haves.

Accounting says that profit = revenues - cost. However,
Economic says profit = revenues - implicit cost or opportunity cost

So for example, the profit for the owner of a beer company would be (according to accounting)

Lets say:

$100000 - $30000 = $70000 (per yr)

This is what an economist would say:

Lets say the opportunity cost of owning a beer company is $80000 per

100000 - 30000+80000 = (10000) A LOST!!!

This is just ridiculous to me and makes no sense. It doesn't seem realistic!



This is my opinion. I just learned this concept approximately an hour ago, so I might be wrong. Maybe I haven't grasp it yet. But at this moment in time, I think it is FALSE PROFIT or LOSS!!

R.I.P. Will Wilson

Will Wilson, a former cadet and teammate passed away Sunday night from a hit and run that occured Thursday evening in Columbia.

Will was definitely an inspiration. Though he didn't speak much, his actions were definitely loud and clear (both on the track and in the classroom).

http://www.citadelsports.com/ViewArticle.dbml?DB_OEM_ID=9700&ATCLID=1577440

I : A brief intro

My name is Jodi-Georgia Whittle. I was born and raised in Kingston, Jamaica. I am student/athlete in the sport of track and field. I started running track at 10 years old and at approximately 18 I obtained a full athletic scholarship to attend a fine and prestigious Institution- The Citadel.
I recently graduated (with honors) on May3, 2008 with a Bachelor of Science in Business Administration. I am currently pursuing my Masters in Business Administration (MBA) at The Citadel.