Minus 500,000.

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.

And when people talk about earnings of a company, this is what they're talking about.

Our interests clash with theirs.

This is what the owners of the company get before they pay the government.

(Laughter) But I know it's the bottom line, or one's perception of it, that motivates people in the end.

But here you see it means very, very different things.

The taxes will be 153,000.

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

I'll just abbreviate that as Nl.

Go ahead, eat.

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

So that's a nice thing to keep in the back of your mind, this return on asset concept, and it's very closely tied to operating profits and the actual assets of a firm.

FDlC insured.

The rewards would be... enormous.

So you've probably heard not only the term earnings, you've probably also heard the term earnings per share.

This was interest. This was non op income.

This guy makes what is this?

And we had no expenses in that month.

All the profits go toward Phillip's hospital bills.

Before Interest and Taxes.

And let's say, assume if I inherited this million dollars, I didn't finance it.

Kill the goose that lays the golden eggs.

You can only sell luck in an unequal society because you offer a life changing reward. The monetary system is based on profit leading indirectly to corruption, any game can also be corrupted.

I'm not a charity commissioner.

A benefit to both our worlds.

Science comes first, but business comes a close fucking second.

They buy more of your service and they tell more of their friends, which leads to more profit.

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

It is to his advantage.

Are the profits exclusive of taxes?

It's also important to think about what the benefit is.

There is no doubt about what they have done.

And these metrics will tell you that.

So, let's see, you have to do 1.85.

Quick example from the corporate world.

We had marginal profit I did.

War does have its benefits...

Where the profits flow, we will s...

And that's what these brands did.

And that's my dad found that.

PUMA has 2.7 billion dollars of turnover, 300 million dollars of profits, 200 million dollars after tax, 94 million dollars of externalities, cost to business.

Benefits are in effect.

He is alive to his own interests.

Our starting cash here is 50,000. It's our ending cash of the previous period.