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This topic comprises 2 pages: 1  2 
 
Author Topic: Money
John Wilson
Film God

Posts: 5438
From: Sydney, Australia.
Registered: Dec 1999


 - posted 06-09-2000 06:33 PM      Profile for John Wilson   Email John Wilson   Send New Private Message       Edit/Delete Post 
We've got a 50c coin, a $1 coin, a $2 coin and soon there'll be a $5 coin also. They no longer make $1 and $2 notes. Our $5 bill has been plastic for a few years now, but even that is about to go the way of the dodo.

Our 1c and 2c coins have long been removed from the system and cents are rounded up and down. A bill of say $5.57 will become $5.55 and $5.58 will become $5.60. You win some, you lose some. Theoretically, it all evens out in the end.

We are about to undergo a major tax change with a 10% Goods and Services Tax (GST) to come into effect from July 1st this year. This will replace a 22% sales tax imposed on items now. There is much debate over its worth and most believe they will be worse off.

Cinema goers will have to now pay $12 plus tax of 10% so it's gonna cost $13.20 to see a flick. Of course, we only charge $7 so it'll only cost our customers $7.70. I wonder how much our patronage will increase?


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Gordon McLeod
Film God

Posts: 9532
From: Toronto Ontario Canada
Registered: Jun 99


 - posted 06-09-2000 07:26 PM      Profile for Gordon McLeod   Email Gordon McLeod   Send New Private Message       Edit/Delete Post 
Well those of us in the wild north have been useing coin for years
First was the Looney ($1.00) (it ahd a loon stamped on it)
then the twooooney (a silver with brass centered $2.00 coin)
I think they are great
can't get rid of the peeny because with 2 sales taxs
8% provincial sales tax
7%gst (gouged and screwed tax) (federal sales tax ) there is always odd amounts
get a coin counter

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John Walsh
Film God

Posts: 2490
From: Connecticut, USA, Earth, Milky Way
Registered: Oct 1999


 - posted 06-09-2000 10:49 PM      Profile for John Walsh   Email John Walsh   Send New Private Message       Edit/Delete Post 
The US tried to get rid of pennies, but there was a public outcry, and the plan was dumped. They also tried a $1 coin (a "Susan B.") but made it so close to a quarter, that it was hard to tell them apart. Also, many coin bins in cash registers didn't have a place to put them, so no one would use them. Another waste. I don't know what happened to the $2 bill; probably collectors got them all. I've been hearing about the $1 gold coin, but haven't seen one; collectors probably got many of them, too. So I finally asked for one at a bank- it looks cheap.

I feel that US money is not very well thought out. I was at a news stand in NYC awhile ago. The guy who was running the stand is blind. I gave him a $20 and told him the name of the magazine. He asked what denomination the bill was, and I said a $20. There was a barely perceptible pause, where he thought I might be lying. Bills should be different sizes so you can tell without seeing.

Lastly, you know how the US mint has changed the look of several bills? Well, apparently US money is in fairly heavy use in Russia. When the newer bills reached Russia, many Russians thought they were fake, and would not accept them.

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Dwayne Caldwell
Master Film Handler

Posts: 323
From: Rockwall, TX, USA
Registered: Apr 2000


 - posted 06-10-2000 12:47 AM      Profile for Dwayne Caldwell   Email Dwayne Caldwell   Send New Private Message       Edit/Delete Post 
I think Chief Wiggam of The Simpsons was right in saying they keep pennies in circulation so the government can get a hold of your DNA.

------------------
The man with the magic hands.

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Russ Kress
Expert Film Handler

Posts: 202
From: Charleston, WV, USA
Registered: May 2000


 - posted 06-10-2000 02:29 AM      Profile for Russ Kress   Author's Homepage   Email Russ Kress   Send New Private Message       Edit/Delete Post 
Um, as a theatre manager, I think the lowest paper denomination should be the $7.00 dollar bill!

Only got a ten? Here's a three dollar voucher for the concession stand! *grin*

Go easy on the managers who post here. They have problems with cash handling as well as technical issues. They really want to be good at projection or you would not have heard their voices here.

Let's keep the forum as the educational tool that I think it was intended to be.

As Momma always said, say something nice or say nothing at all. *GRIN*

If I might plagerize a time proven motto for Brad to use in this forum, it would be, "The only stupid question is the question that is never asked".

You guys are looked up to here. For every person who posts, there are ten who just read.

You've always wanted to get things done the right way...

Well, Here's your chance. The internet has placed you in the role of a "teacher".

Be one.

Russ (Yoda)



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Tom Ferreira
Expert Film Handler

Posts: 203
From: Conway, NH, USA
Registered: Jun 99


 - posted 06-10-2000 06:51 AM      Profile for Tom Ferreira   Email Tom Ferreira   Send New Private Message       Edit/Delete Post 
Well said, Russ. I'm a manager, but I was a projectionist first. I pride myself on an excellent presentation(I'm using Film Guard now). Don't hate me because I manage-respect me because I care!

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Chris Erwin
Expert Film Handler

Posts: 195
From: Olive Hill,KY
Registered: Oct 1999


 - posted 06-10-2000 09:57 AM      Profile for Chris Erwin   Email Chris Erwin   Send New Private Message       Edit/Delete Post 
Ian,

After working moonlighting at a bank (was the cinema the moonlight or the bank?!) anyhow, most ATM's can handle 4 bill types,like say 5's,10's,20's,50's,but this requires more work by the bank (having to count each when you balance the machine),so most run 5's and 20's. Paperwork is easier.

--Chris

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Richard C. Wolfe
Master Film Handler

Posts: 250
From: Northampton, PA, USA
Registered: Apr 2000


 - posted 06-10-2000 10:20 AM      Profile for Richard C. Wolfe   Author's Homepage   Email Richard C. Wolfe   Send New Private Message       Edit/Delete Post 
We have kept our concession prices with tax at an even 25 cents for over twenty five years now, and our ticket prices to an even 50 cents. Therefore we use no dimes, nickels or pennies. In the box office we have used only half dollars for several years, and as of six weeks ago we now use only the new "gold" silver dollars....No paper dollars any longer. Tha public seems to like them. Those that don't get even with us by using them in the concession stand.

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Steve Guttag
We forgot the crackers Gromit!!!

Posts: 12814
From: Annapolis, MD
Registered: Dec 1999


 - posted 06-10-2000 12:28 PM      Profile for Steve Guttag   Email Steve Guttag   Send New Private Message       Edit/Delete Post 
I say, KEEP THE PENNY!. How can you have a numbering system or currency without it's smallest increment (e.g. 1)?

Screw the $1 coin. I prefer the dollar bill. I need the room in my pockets for the aforementioned pennies! Now if you wan't to bring back the Eisenhower Dollars then ok but none of this sissy nearlly a quarter size dollars. If you are going to make a novelty coin, then make it look like one (e.g. the Eisenhower Dollar, you knew it wasn't a quarter in your pocket!).

If there is one piece of currency in US that I wished had caught on was the $2 bill (Good O'l Thomas Jefferson). Canada didn't seem to be suffering too much having them.

FWIW, I also like the half-dollar coin.


Steve

------------------
"Old projectionists never die, they just changeover!"

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Gordon McLeod
Film God

Posts: 9532
From: Toronto Ontario Canada
Registered: Jun 99


 - posted 06-10-2000 01:22 PM      Profile for Gordon McLeod   Email Gordon McLeod   Send New Private Message       Edit/Delete Post 
Steve Canada disconinued the $1.00 bill almost 10 years ago and shortly after wards the $2.00 bill both are now coins the lonney and tooney respecavly.
Also the remaining bills are all Multicoloured for easy distingishing and have a spiral anti copy protection
Most copies go squirly on some of the line work

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Dustin Mitchell
Phenomenal Film Handler

Posts: 1865
From: Mondovi, WI, USA
Registered: Mar 2000


 - posted 06-10-2000 01:23 PM      Profile for Dustin Mitchell   Email Dustin Mitchell   Send New Private Message       Edit/Delete Post 
In box we use half dollars also. When I first started working here 2 1/2 years ago everything in the concession stand was rounded to quarters too-very nice. Then the higher ups started raising prices a little bit at a time. Now everything is screwed up.

Hey, you guys count pennies? Everything here is still rounded to the nearest 5, so we don't get a lot of pennies. The ones we do get get thrown in a bag that is our cigarette fund .

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Ken Layton
Phenomenal Film Handler

Posts: 1452
From: Olympia, Wash. USA
Registered: Sep 1999


 - posted 06-10-2000 05:18 PM      Profile for Ken Layton   Email Ken Layton   Send New Private Message       Edit/Delete Post 
I don't like the new $1 coin. They tried that before with the SBA (Susan B. Asshole) and it didn't work then either.
I like having the good old dollar bill.

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