| Subject: | [socialcredit] Re: Clarification Sought on 'Profit' from Bill Ryan or others | | Date: | Monday, December 10, 2007 08:59:26 (-0800) | | From: | william_b_ryan <william_b_ryan @.....com>
|
I think that by "profit on turnover" Douglas means
something close to what we mean by "operational
profit," which is profit from things not extraneous to
the firm's ordinary line of business. For example, if
the firm sells a real estate lot no longer needed by
the firm for a capital gain, the capital gain is
profit, but non-operational to the firm's ordinary
line of business, unless the firm is in the business
of real estate speculation. Often, in financial
statements, operational profit is profit before
finance charges and taxes.
-
http://www.geocities.com/socredus/draft_scheme_scotland.txt
"(5) Simultaneously, an announcement to be published
that any or all business undertakings will be accepted
for registration under an assisted price scheme. The
conditions of such registration will be that their
accounts, as at present required under the Companies
Acts, should contain an additional item showing the
average profit on turnover, and that their prices
shall, as far as practicable, be maintained at a
figure to include such average profit, where this is
agreed as equitable for the type of business concerned
(the suitable profit being, of course, largely
dependent on the velocity of turnover). Undertakings
unable to show a profit after five years' operation to
be struck off the register."
-----------------original message-----------------
When we're discussing 'profit' in regards to what A+B
indicates, and the equation Sales-Expense= Profit is
given, then this would be strictly 'profit' on
'turnover', (as mentioned in the 'Draft Plan for
Scotland')? And not 'profit' as presently computed
in any Company's P&L accounts?
Joe
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