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"I get that you don't like profits (even though investment to do automation requires profits)" That's literally opposite of how accounting works, if you reinve
by ClumsyPilot 5y ago
"I get that you don't like profits (even though investment to do automation requires profits)"
That's literally opposite of how accounting works, if you reinvest everything, your profit is 0%. Profits are what's lefts after Cost of good sold, reinvesting, etc. which you then may distribute to shareholders.
- anamax 5y ago> That's literally opposite of how accounting works, if you reinvest everything, your profit is 0%. Wrong - Profit is revenue minus costs. See https://en.wikipedia.org/wiki/Profit_(accounting) https://en.wikipedia.org/wiki/Profit_(accounting) and all of the other definitions on the web. Reinvesting affects cash flow but not profits.