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To: Las Vegas Ron
Do tell me smart ass how a company can continue to pay wages when there is no profit?

Define "profit".

161 posted on 01/10/2012 3:09:41 PM PST by TankerKC (Welcome to the age of "I Meant to Do That" Diplomacy)
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To: TankerKC
Define "profit".

Simplistically it is revenues exceeding costs.

In general conversation costs are all expenses, aka overhead.

Now if you want to get into accounting semantics for the cumbersome tax reasons that is a different story.

181 posted on 01/10/2012 3:26:48 PM PST by Las Vegas Ron (Rush Limbaugh = the Beethoven of talk radio)
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