Revenue is the cash (or equivalents) that you receive for the services or goods you provide. Profit is how much of that cash you keep after paying for all of your costs.
So if you're an Uber competitor and you have ten customers, each of whom makes one journey, paying you $10 each, your revenue is $100.
You pay your drivers $3 per journey, so you have $30 in 'Cost of Goods Sold', giving you a 'gross profit' of $70.
Then you have your head office costs, including accountants, HR, your own salary, the office space you rent, IT costs, cleaning, etc. If that all adds up to $50 then your profit is now $100 - ($30 + $50), so $20.
Except that you pay corporation tax on that $20, so take $4 off, leaving a net profit of $16.
Which is why making a loss is attractive. Invest that $20 in R&D, or new premises, or marketing, and if your ROI (return on investment) is more than 80% then you add more value to the company than if you realise the profit and pay tax on it.
Just don't ask about weird shit like EBITDA, or we'll have to get accountants involved.
Some of us grew up in a time when computers would crash for no discernible reason at all, when software could fail, when hitting 'save' was insufficient (save again on a different tape/floppy in case the other one got lost/broken/corrupted), when working reliably meant you could trust the damn thing to do what it did last time you entered that command.
Just because mean time to failure is much higher now doesn't mean failure wont occur so yes, hit save, make backups and use source code control systems.
This is exactly why I spent the extra money on Pro. Yes, I resent giving MS more money but since the options that met my needs were 'crap cheap OS', 'less crap more expensive OS' or 'mostly good but bloody expensive OS' I went for the middle ground.
Yeah, I could ditch the hobby I've enjoyed for decades, constrain my enjoyment of that hobby by removing my access to many of the best games, or maybe I could just dual-boot Windows, put the effort into locking the shitty thing down and get to enjoy computer gaming as it should be.
Total spent on my mortgage: half the house's current value Mortgage outstanding: none Maintenance etc costs: Lets see, a new boiler, got the bathroom sorted, had new carpets, relaid one of the floors. Lets round up and call it 1/8th of the current value of the property.
So I can already sell the house and take 3/8 its value as profit.
Rent would be around 50% more than the mortgage, so really the comparison is +3/8 the value of the house for buying, versus -3/4 the value for renting. So I'm basically ahead by over one house - which, incidentally, I'm now living in with no mortgage and no rent, so the ratio just keeps on improving.
By the time you sell that house you've lived in, you've lost more or less about the cost of renting.
Even if my house had dropped in value to £0 while I was living here, I'd be better off than renting. You have weird expectations.
You assume the docs exist. You assume the docs are in distributable form. You assume the docs are written in a readable manner. You assume the docs don't contain important secret stuff.
Just validating those assumptions takes up the time of skilled experienced staff that the companies have already committed to to delivering other work.
So are you willing to pay $200k to cover the cost, opportunity cost and losses due to disruption that diverting this resource would require?
Just that, you seem willing for the companies involved to incur those costs.
Wooden boats are generally good from 15-20 years without major renovations, and are serviceable with major repairs every 10-15 years up to 60-75 years after initial construction.
I was going to quote a counter-example of a wooden ship under constant military commission for 250 years but.. the facts agree completely with you. https://en.wikipedia.org/wiki/...
No, you did not. You linked to a fucking slashdot discussion on the Senate choosing not to restrict certain clauses in contracts, and that has sweet fuck all to do with whether I can sue someone or not.
Tell you what, link to the fucking law that stops me suing Equifax. Because you're going to fucking need one to overturn several fucking decades of legal precedent.
You cannot use any service without already agreeing to an arcane library of terms. Or are you seriously comming on here to claim you don't have to agree to one
Equifax hold data about me. I haven't got a relationship with them, I didn't give them permission to capture, process or store my data, and if they misuse it then I abso-fucking-lutely can sue them.
You started the ad homenim, it just makes you look like an asshole who can't argue with logic or factual sources.
Well, for a start the ruling was only on the legitimacy of mandatory arbitration clauses. Any company that doesn't have such a clause can be sued.
Then there are the legal reasons you might sue someone that have fuck all to do with a written contract. I've never signed a mandatory arbitration clause with Equifax, if they commit a tort against me then sure, I can sue them.
wafting that rancid and ignorant attitude this way
You appear to have quite enough of one yourself already.
Slashdot Mirror
yet he could buy an assault rifle, without even a responsible adult to agree to keep control of it most of the time, at age 18?
Average age of US combatants in Vietnam pisses all over that argument.
How many guns do you imagine I can fire simultaneously?
Seven. Although I'll pay money to watch you try eight.
Revenue is the cash (or equivalents) that you receive for the services or goods you provide.
Profit is how much of that cash you keep after paying for all of your costs.
So if you're an Uber competitor and you have ten customers, each of whom makes one journey, paying you $10 each, your revenue is $100.
You pay your drivers $3 per journey, so you have $30 in 'Cost of Goods Sold', giving you a 'gross profit' of $70.
Then you have your head office costs, including accountants, HR, your own salary, the office space you rent, IT costs, cleaning, etc. If that all adds up to $50 then your profit is now $100 - ($30 + $50), so $20.
Except that you pay corporation tax on that $20, so take $4 off, leaving a net profit of $16.
Which is why making a loss is attractive. Invest that $20 in R&D, or new premises, or marketing, and if your ROI (return on investment) is more than 80% then you add more value to the company than if you realise the profit and pay tax on it.
Just don't ask about weird shit like EBITDA, or we'll have to get accountants involved.
Because Amazon is a well run company with strong cash flows.
Uber.. are not.
I use that tool. Got my first Windows 10 PC, went through the settings, the registry, the scheduler, the policies, locked the lot down.
Then downloaded OOShutup10 to keep it locked down following every update. I'm lazy.
As it happens, yes.
Some of us grew up in a time when computers would crash for no discernible reason at all, when software could fail, when hitting 'save' was insufficient (save again on a different tape/floppy in case the other one got lost/broken/corrupted), when working reliably meant you could trust the damn thing to do what it did last time you entered that command.
Just because mean time to failure is much higher now doesn't mean failure wont occur so yes, hit save, make backups and use source code control systems.
This is exactly why I spent the extra money on Pro. Yes, I resent giving MS more money but since the options that met my needs were 'crap cheap OS', 'less crap more expensive OS' or 'mostly good but bloody expensive OS' I went for the middle ground.
I don't like having to go through making sure everything is saved in the programs that won't fully restore
Well, you're fucked if there's a crash then.
waste a few more minutes waiting for the reboot process to finish and opening up whichever items again and entering my password a few times for things
Booting takes seconds, or just set it going before you go for a shit.
Entering your password a few times is hardly onerous.
Rebooting is simply unpleasant.
I do it every day. Or more accurately, I boot every day - I shut down my PCs while I'm sleeping, as I don't need them running and they use power.
It's no big deal.
My experience matches yours. Shit, imagine that guy trying to use a Quickshot 2 joystick.
Disable Windows updates?
My PC never shuts down on me when I don't want it to.
the settings "Occasionally show suggestions in Start" under the taskbar settings
Curious, my taskbar settings page doesn't include that option.
Maybe I've killed it through the other shit I've done to lock down the OS.
Yeah, I could ditch the hobby I've enjoyed for decades, constrain my enjoyment of that hobby by removing my access to many of the best games, or maybe I could just dual-boot Windows, put the effort into locking the shitty thing down and get to enjoy computer gaming as it should be.
You use AV on performance sensitive machines?
Total spent on my mortgage: half the house's current value
Mortgage outstanding: none
Maintenance etc costs: Lets see, a new boiler, got the bathroom sorted, had new carpets, relaid one of the floors. Lets round up and call it 1/8th of the current value of the property.
So I can already sell the house and take 3/8 its value as profit.
Rent would be around 50% more than the mortgage, so really the comparison is +3/8 the value of the house for buying, versus -3/4 the value for renting. So I'm basically ahead by over one house - which, incidentally, I'm now living in with no mortgage and no rent, so the ratio just keeps on improving.
By the time you sell that house you've lived in, you've lost more or less about the cost of renting.
Even if my house had dropped in value to £0 while I was living here, I'd be better off than renting. You have weird expectations.
Yeah, it tells me Apple are paying well.
Maybe I'm just a cynic.
So was he stupid enough to be using gchat on a corporate device or are Facebook guilty of hacking?
Yeah, I'm assuming Google are innocent (on this occasion).
Curiously your comment doesn't show as a response to mine - I had to click on 'parent' on one of the comments replying to you.
I find it sickening and short sighted that you did not come to same conclusion.
I find it curious that you would have such an emotional response to your own assumptions about my views, which, incidentally, you misunderstand.
Rethink your statement
Ok. Let's see.. reasons a business may not want to engage with this guy? Cost, opportunity cost and losses? Hmm.
Yep, thought about it, still looks the same to me.
You assume the docs exist. You assume the docs are in distributable form. You assume the docs are written in a readable manner. You assume the docs don't contain important secret stuff.
Just validating those assumptions takes up the time of skilled experienced staff that the companies have already committed to to delivering other work.
So are you willing to pay $200k to cover the cost, opportunity cost and losses due to disruption that diverting this resource would require?
Just that, you seem willing for the companies involved to incur those costs.
Wooden boats are generally good from 15-20 years without major renovations, and are serviceable with major repairs every 10-15 years up to 60-75 years after initial construction.
I was going to quote a counter-example of a wooden ship under constant military commission for 250 years but.. the facts agree completely with you.
https://en.wikipedia.org/wiki/...
Unless you specifically used their service for something like a credit check or whatever, you don't really have any legal standing to sue them.
So if I shoot your mother than as long as she didn't pay me for it, I'm in the clear?
The world does not work the way you think.
No, you did not. You linked to a fucking slashdot discussion on the Senate choosing not to restrict certain clauses in contracts, and that has sweet fuck all to do with whether I can sue someone or not.
Tell you what, link to the fucking law that stops me suing Equifax. Because you're going to fucking need one to overturn several fucking decades of legal precedent.
Fuck me you're dim.
There is a difference, but it is nonetheless possible for a non-governmental organisation to censor someone.
Just fucking deal with it.
You cannot use any service without already agreeing to an arcane library of terms. Or are you seriously comming on here to claim you don't have to agree to one
Equifax hold data about me. I haven't got a relationship with them, I didn't give them permission to capture, process or store my data, and if they misuse it then I abso-fucking-lutely can sue them.
You started the ad homenim, it just makes you look like an asshole who can't argue with logic or factual sources.
Irony overload.
Hmm, no. I'm not a loudspeaker, I can't disseminate your voice for you.
If I were a town crier and you gave me that instruction then yes, I'd censor your stupid fucking arse.
Well, for a start the ruling was only on the legitimacy of mandatory arbitration clauses. Any company that doesn't have such a clause can be sued.
Then there are the legal reasons you might sue someone that have fuck all to do with a written contract. I've never signed a mandatory arbitration clause with Equifax, if they commit a tort against me then sure, I can sue them.
wafting that rancid and ignorant attitude this way
You appear to have quite enough of one yourself already.