Posted by fixerupper on November 08, 2021 at 07:28:16 from (174.199.72.210):
In Reply to: Green_Paint_Company posted by sourgum on November 07, 2021 at 20:16:41:
Makes record revenues of 5.9 billion this year.
What was the profit??
Revenues means nothing as a company can still be operating at a net loss = no profit.[/quote:89187e1ee0]
Double07 has a good statement. That 5.9 bil might be gross income. We tend to forget about inflation when we see a large gross figure. Deere might have 6 bil in overall expenses which puts them in the red. I dont know this as a fact, its only an example.
I assume the union is smart enough to look at profit percentage instead of gross income but I know nothing about the internal workings of a union. The union might have fed the workers a bunch of crap about the gross income figure, making the gross figure look like a net figure. The workers who have been wage earners their whole lives along with their parents and grandparents have never had to figure a budget and look at profit and loss like business owners do so they are easy to sway.
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