Monday, April 06, 2015

Can you answer this question about profits?

Assuming that a company operates 365 days a year, here’s a question about profits: How many days of sales in a calendar year does it take to cover all of a company’s annual expenses (labor, rent, cost of goods, utilities, property taxes, income taxes, interest payments, advertising, etc.), and then how many days of sales would represent the company’s profits?
READ MORE

ANSWER: The typical US firm doesn’t earn a profit until sometime in December, and often it’s the end of the month

No comments:

Post a Comment