Now I say it's simplified because this is a very simplified income statement for each of these periods.

And so what is my profit just from selling the cupcakes?

The expense is chargeable on him.

They are commissioned.

He insisted on doing everything himself and bearing the entirety of the expense.

OK, in 2007, we had an equipment expense.

life left, so it's of 250,000 of value to me.

And so the profit from just selling those say in that case that I just made up 3 million worth of widgets was 2 million.

All others

This is the least expensive method of all.

Sometimes you have to pay salespeople, so you might have sales expense, and then the stuff like the corporate office and the CEO's salary, and you have to hire auditors and accountants and all of that.

Now, month four You cater the last customer's event.

Do you want to go for a weekend to Rome, all expenses paid hotel, transportation, food, a continental breakfast, everything or a weekend in Paris?

The result is 0.2.

Here are the keys to my car. You can use it for a few days.

Who is going to pick up the tab for this?

You can prevent.

It is interesting that in the United States, the most significant health care budget goes to cardiovascular disease care, whether it's private or public.

Do you need any insurances and permits?

And then the general and administrative, that's just all the stuff that the corporate office does, and all the people who are at that level.

To produce those 3 million widgets for 1, it cost me maybe 0.30 a widget, or 0.33 a widget.

And that's the thing that bothers most people, is that progress is really real, but we wonder and question

What about one session?

You can take all kinds of curves, and they're all pointing up.

leaving the town to pay the last 15 percent of the bill.

Cash, 500,000.

That's where Open Source Ecology really comes in.

The results will look much better.

I call this groundswell collaborative consumption.

We're talking about physically interactive.

In the breaks of your TEDx event, it's good to provide food and beverages.

Cost of Goods Sold.

Lock Away All Other Items

Another quarter goes to the cost of the products.

Along with all the other points.

How much would it cost?

We say that we have a 60,000 asset.

And lets say, that I get a little freaked out, by this recent performance, and I have some other commitments with my money, so I say,

So they're the variable costs.

They're your machines, and you're renting the space.

But that's not how much income we made, because there was a

Uh, here there's a rider wanted,

How much will it cost to get a dental cleaning?

Now, what do all of these things have in common?

I tell you that I would give one of the provinces of my kingdom to have that photograph.