Sunday, February 12, 2006

Losing Profits.

Speaking with a friend the other day, he gave me a point to ponder. He said that company X projects that their sales for the year will be say, 5 million dollars up from 17 million the year before. So they expect to earn 22 million which is up from the 17 the previous year. But when they only make 1 million more in profit they claim a loss of 4 million.
"So how is it, he asks, that they can make a claim they lost money when in fact they never earned it in the first place? Don't you have to have something before you can lose it?"

So why can't he decide that he should make an additional 200 thousand this year but when it does not happen, make the claim he lost money too. He planned on making that much on paper so does that mean he lost earnings so he can claim a huge loss on his taxes? If it works for huge corporations then why not him?

It's one of those things that makes me go .... hmmmmmm.

Another thing we were pondering over was American made products. Just how many items in your home alone have 'Made In America' on them. So without leaving this tiny room; I decided to look around and see. Don't you just hate these list things??? ;)

1) my sweatshirt says made in Honduras

2) My pants, Dominican of Republic

3) My slippers, USA

4) Curtis Mathis Television, Korea

5) Computer speakers, China

6) RCA CD Boombox, China

7) Sons sweatshirt, Pakistan

8) Canned air for cleaning computer, USA

9) Pokey and Gumby, China

10) Craftsman screwdriver, USA

11) Stapler, USA

12) Optimus microphone, China

13) Racing Ball cap, Philippines

14) Another Ball cap, Bangladesh

15) SunCom Firefly Phone, China

16) Altoids Wintergreen mints (Very good I might add) Great Britain

17) XBox game controller, China

18) My Dell Computer key board, China

19) Chase authentic shirt, India

and lastly

20) Jack Daniels Whiskey, USA (Priceless)

5 out of twenty made in the good old USA. Oh well, I guess the Jack Daniels helps to take the bite out of things.


Gymi said...

Well at least we can count on old No7. for comfort. With the way things are going now. you can expect that 5 out of twenty to be twenty out of twenty in the not so distant future.
Great post W.B.

WooleyBugger said...

You said it Gymi.
Looking back, I should have put old No7 as 7) on the list 'eh.

KT Did said...

Ughghghg---to think my lipstick could be made in somebody's bathroom in a motel room---that's why they print those labels so small as to fit on the bottom of them!!!!

WooleyBugger said...

KT, now that is a scary thought. Although I don't think I'll ever have to worry about that one. What in the world is that stuff made from anyhow?