"As I explained to Fut in an earlier post, I do not claim to be an accountant. This figure is wrong and I apologize for my mistake. I should be asking Gloria if she worked 32 weeks for the year ending May 31, 2010. $96,000.00/$75 = 1280 hours/40 hours a week = 32 weeks. How many times did the bod/audit committee meet at the end of May 31, 2010? Divide that number into $96,000.00 and we will get a clearer picture of how much Gloria actually makes an hour. Gloria, you have a response?"

IMO, another way to look at Gloria's normal work week, per your assumption above, is 1280 Hours / 50 weeks (excluding 2 weeks minimum vacation) = 25.6 Hours per week devoted to PTSC business, or roughly 3 days a week....Which covers normal monthly accounting, monthly "Close", PDSG reporting, Consolidations, and quarterly & annual SEC reporting.

IMO, "Gut feel", having financial experience in these activities, the time spent devoted to these highlighted activities, at our current employment level and financial reporting activity/tracking/audit (TPL notwithstanding), is not unusual....Virt