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Old 03-15-2011, 05:23 PM   #7
SirClintonPortis
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Join Date: Oct 2008
Posts: 6,052
Re: Ongoing CBA discussions

Quote:
Originally Posted by Mattyk View Post
Semantics. Whatever you want to call it, they should still prove their revenues have decreased if that's the reason they are using to support their need for that money. Bad faith is saying trust us, we need the money but we're not going to show you why.
It's funny why the media never mentions NET INCOME, which actually represents what a company has after deducting expenses, etc. The amount of revenues taken do not take into account any expenses.

Gross profit = Net sales – Cost of goods sold.
Net income = Gross profit – Total operating expenses – taxes – interest.

Net Income (NI) Definition
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