Minus 500,000.

So now we add an interesting line.

And that's because they have the same exact asset.

So basically Republicans who make more than 250,000 dollars a year don't want to be taxed.

Get out your pocketbooks, and remember it's all for charity.

And we add back the interest, at least in this example, we get to an operating profit number.

But just so you know what EBlT is, EBlT is just Earnings

This is really important to pay attention to, because so many people say, oh, a company made this much.

In this example that I did in the previous video, it was the pre tax return on asset.

Profitable.

But in general if you take EBlT and you take out the non operating income, you get back to operating profits.

Today, we are going to talk about revenue models.

So a plus b have to be equal to 50.

They have no interest expense, because that's not the point of this video.

And at least it'll give you a sense of how revenues, gross profit, operating profit, pre tax income and net income really are different.

Then whatever this generates is actually non operating income.

So let's look at them over the course of one year.

So notice.

Invest financial assistance, but also management assistance.

Corporate earnings in the first quarter improved sharply.

The deterioration of corporate earnings has yet to bottom out.

You book potential earnings as current earnings to artificially boost profits.

Maybe Abby made 50 and Ben earned 0.

And we can eyeball it right here.

Because when someone says earnings, are those the earnings last year?

The reason why you are willing to pay a higher Price to

And what's left over for the equity?

So let me switch colors just to ease the monotony.

And they were male and female 18 30 and they were casual fans.

Taxation is based on income.

You just have to carry the lines over.

Are the profits exclusive of taxes?

Not anymore.

Corporate earnings for the first quarter were disappointing.

The earnings I just said, this is actually what happened to the company.

Everything on this line would be a valid combination of

But this could happen.

We are assuming a very simple world, were the is no taxes, we have no debt, we have no intrest or things

Abby earned 10 more than Ben.

Let's compare EBlT to operating profit.

And why don't you like them as much?

So the price would be 100.

Another type of revenue model is licensing.

It's time to monetise the thing.

He derived a lot of profit from the enterprise.