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EX500rider

(12,552 posts)

44. Also wrong.

Reply to candelista (Reply #41)

Mon Jul 28, 2014, 05:55 PM

Jul 2014

Gross profit is total sales minus purchases (inventory).
Net profit is gross profit minus expenses.

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IATA seeks meeting with Venezuela president over money owed to airlines [View all] hack89 Jul 2014 OP

No, this is what happens when a country COLGATE4 Jul 2014 #1

This isn't about "paying bills." candelista Jul 2014 #2

This IS about not paying the bills Perseus Jul 2014 #3

No. candelista Jul 2014 #4

They earned that money christx30 Jul 2014 #5

These are corporate profits, extracted from Venezuelan customers. candelista Jul 2014 #7

They weren't "extracted" christx30 Jul 2014 #12

That's libertarianism. candelista Jul 2014 #21

Wouldn't this be billions of dollars in un-repatriated earnings? Igel Jul 2014 #27

You can NOT do whatever you want with your money and you never could. fasttense Jul 2014 #52

What about the costs of operating geek tragedy Jul 2014 #6

The money has to be spent in Venezuela. candelista Jul 2014 #8

"That's all." How many 777's does VN manufacture geek tragedy Jul 2014 #9

Airlines have to buy 777's through a Venezuelan intermediary. candelista Jul 2014 #11

In other words, it's a simple shakedown. geek tragedy Jul 2014 #14

Defending corporate profits? candelista Jul 2014 #15

If VN wants to start its own airline by all means geek tragedy Jul 2014 #16

There are plenty of other airlines in the world. candelista Jul 2014 #19

Not if they lose money by flying there. nt geek tragedy Jul 2014 #23

Corporate profits christx30 Jul 2014 #17

You don't understand what profits are. candelista Jul 2014 #18

If VN wants to prevent airlines from making any geek tragedy Jul 2014 #20

They'll get to that. candelista Jul 2014 #22

That's net profit...gross profit is before expenses. EX500rider Jul 2014 #33

That's just a verbal disagreement. candelista Jul 2014 #41

Also wrong. EX500rider Jul 2014 #44

Look. candelista Jul 2014 #46

You expect companies not to make a profit? Throd Jul 2014 #29

All companies should be non-profit. candelista Jul 2014 #30

Why not? EX500rider Jul 2014 #35

That doesn't come from profit. candelista Jul 2014 #38

Also wrong. EX500rider Jul 2014 #45

In a family owned company, profit is the money that goes to the family... candelista Jul 2014 #48

Name one "non-profit" airline that doesn't need government subsidies to survive. EX500rider Jul 2014 #49

Is that VZ law, or are you just pulling it out of thin air? 7962 Jul 2014 #13

Check it out for yourself. candelista Jul 2014 #24

So far I've been right. Likely to continue too. 7962 Jul 2014 #37

Congrats. candelista Jul 2014 #39

But that won't work hack89 Jul 2014 #28

No. candelista Jul 2014 #31

Parts for Boeings come from the US where they prefer US currency. EX500rider Jul 2014 #34

Who says they have to buy Boeings? candelista Jul 2014 #40

Who says? Airlines can buy what ever they like i believe, EX500rider Jul 2014 #42

You're straining at reality. Who the hell would want to fly on a plane with fake parts? Throd Jul 2014 #50

Dollars are the global currency hack89 Jul 2014 #36

No. candelista Jul 2014 #43

Both illegal and very wrong to use counterfeit parts on planes. EX500rider Jul 2014 #47

So the solution is to christx30 Jul 2014 #51

Dont forget, Chavez' family STILL live in the fancy presidential home 7962 Jul 2014 #10

What the hell is that sentence supposed to mean? COLGATE4 Jul 2014 #25

Maybe Venezuela could simply bar its citizens from traveling abroad... brooklynite Jul 2014 #26

I doubt that Venezuela would do that. candelista Jul 2014 #32