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He added, "The only thing we caution everybody about is not to annualize these numbers."
"It looks as though it will annualize out to, oh, seventy billion or so."
"But don't annualize it if it is good for a day."
But you can't annualize the first quarter and say that is what they are going to earn for the whole year."
But one does not "annualize" the cost of a short-term instrument that doesn't exist for a year.
It's often a mistake to annualize quarterly results if part of it involves trading."
"The goal this year was to annualize the folk arts exhibition and find a common theme to weave the works together."
Referring to the market's climb of nearly 10 percent this year, he said: "If you annualize that, it's mind-boggling.
'You can't annualize one quarter's performance in Texas, but neither can you dismiss it."
You can't annualize a nine percent gain."
To annualize this, you can use the "rule of 16", that is, multiply by 16 to get 16% as the annual volatility.
Annualize the monthly benefit for which you are eligible and divide it by the lump sum you are being offered.
"People tend to extrapolate, to annualize, and at the same time to escalate their life style," said Mr. Zorn, 46.
The problem, said Jack Porter, head of BDO Seidman's national tax office in Washington is that "the tax computation can be more complicated than doing an actual return because you have to annualize."
"When you annualize figures for the first seven months of this year, corporate buyback activity is running at about the same rate as in 1986," said Charles J. Plohn Jr., who heads special equity transactions at Merrill Lynch.