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Author Topic: Answering Kathy's question  (Read 12263 times)

Offline Countryboy

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Re: Answering Kathy's question
« Reply #100 on: March 10, 2011, 11:03:27 PM »
Do you also think that you can have a positive loss?

Profits are ALWAYS positive.  You can't have a negative profit.
Profit is the opposite of loss.

If receipts minus costs is a negative number, that negative number is known as a loss.
If receipts minus costs is a positive number, that positive number is known as a profit.


Offline Jerrymac

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Re: Answering Kathy's question
« Reply #101 on: March 11, 2011, 12:44:05 AM »
A positive loss is when you were expecting a lot and got little.

Or is that a negative profit?  :?
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Offline kathyp

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Re: Answering Kathy's question
« Reply #102 on: March 11, 2011, 12:58:35 AM »
is that like "we cut spending because we didn't spend quite as much as we said we were going to spend" even when it's twice what they spent last month?   :-D
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Offline iddee

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Re: Answering Kathy's question
« Reply #103 on: March 11, 2011, 08:43:35 AM »
A negative profit is when you make a good profit, but taxes bring it into a loss??
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Offline Acebird

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Re: Answering Kathy's question
« Reply #104 on: March 11, 2011, 09:41:37 AM »
Quote
In accounting, profit can be considered to be the difference between the purchase price and the costs of bringing to market whatever it is that is accounted as an enterprise (whether by harvest, extraction, manufacture, or purchase) in terms of the component costs of delivered goods and/or services and any operating or other expenses.
http://en.wikipedia.org/wiki/Profit_(accounting)

No where in the definition does it state that profit cannot be negative.  I could be wrong.
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Offline Bee Happy

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Re: Answering Kathy's question
« Reply #105 on: March 11, 2011, 02:13:23 PM »


No where in the definition does it state that profit cannot be negative.  I could be wrong.

:roll:
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Offline The Bix

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Re: Answering Kathy's question
« Reply #106 on: March 11, 2011, 04:26:12 PM »
Yes, in my opinion you are wrong...on several things...but specifically on the concept of a negative net profit...never heard of it.  

I actually passed the CPA exam, have an undergraduate degree in accounting, was a controller of a public company, a private company and worked at the audit practice at Price Waterhouse Coopers for 2.5 years.  I've heard of profit, net profit, income, net income and loss or net loss...never a "negative net profit"..too many words.  I'm certainly not an expert though...I have been out of the profession for 12 years.  So nobody ask me a tax question!!!

Offline kathyp

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Re: Answering Kathy's question
« Reply #107 on: March 11, 2011, 04:41:06 PM »
i thought a negative net profit was call a loss?  it would be in my house!!
.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

 Alexis de Tocqueville

Offline Acebird

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Re: Answering Kathy's question
« Reply #108 on: March 11, 2011, 06:30:10 PM »
Quote
Profits can be negative.  It is called a loss.

Reply #99 I said that.
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Offline Countryboy

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Re: Answering Kathy's question
« Reply #109 on: March 11, 2011, 10:36:14 PM »
No where in the definition does it state that profit cannot be negative.  I could be wrong.

I don't think there is any 'could about it.  Your argument is without merit.

Nowhere in the definition of a female does it say that a boy can't be a female either.  Things are limited by the definition.  A definition of something does not include everything not excluded.

Inclusio unius est exclusio alterius.  The inclusion of one is the exclusion of another.  Black's Law Dictionary, 6th edition.

i thought a negative net profit was call a loss?  it would be in my house!!

Receipts minus expenses resulting in a negative amount is known as a loss.  There is no such thing as a negative net profit, so it can't be the same as a loss.  It is an oxymoron. (my emphasis on moron)

Offline Acebird

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Re: Answering Kathy's question
« Reply #110 on: March 12, 2011, 09:40:25 AM »
Quote
Nowhere in the definition of a female does it say that a boy can't be a female either.

I am not sure I understand your point a boy can be a female.  It is rare but it does happen.
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Offline Countryboy

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Re: Answering Kathy's question
« Reply #111 on: March 13, 2011, 12:04:52 AM »
I am not sure I understand your point a boy can be a female.  It is rare but it does happen.

Would you please provide a single example of someone with XY chromosomes being XX chromosomes?

They are either XX or XY - if they are XX then they are not XY, and vice versa.

By its very definition, being a boy requires being male - the opposite of being female.

Very rarely, there are people who have sex organs of the opposite sex, but it does not change their chromosomes or their gender.

Offline kingbee

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Re: Answering Kathy's question
« Reply #112 on: March 13, 2011, 04:02:38 AM »
Wasn't Adolf Hitler a revolutionary figure? He led the social revolution of Germany.

Yep.  The first thing Hitler did after achieving total power was to make the First Day of May a German National Socialist Holiday called "May Day."  Lenin and Stalin gave Russian workers the same May Day holiday. 

On May 2nd Hitler abolished all independent German Unions and confiscated their assets.  Also something Stalin did. 

The staunchest anti capitalist in history are German Emperor Kaiser William II, Storm Troop (SA) Commander Ernst Röhm, NAZI Party founder Gregor Strasser, and Strasser’s boss and chief accolade Adolph Hitler.

Offline Brian D. Bray

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Re: Answering Kathy's question
« Reply #113 on: March 13, 2011, 04:39:29 AM »
I am not sure I understand your point a boy can be a female.  It is rare but it does happen.

Would you please provide a single example of someone with XY chromosomes being XX chromosomes?

They are either XX or XY - if they are XX then they are not XY, and vice versa.

By its very definition, being a boy requires being male - the opposite of being female.

Very rarely, there are people who have sex organs of the opposite sex, but it does not change their chromosomes or their gender.

They are called hermorphadites, people with sexual organs of both genders.  I have a brother, a make that a sister, better yet lets just say sibling, who is so endowed.  Decided to use female hormones to cure premature balding and suddenly started developing breasts and having the scrotum fill with menstral discharge.


After WWII it was a practice to give women extra injections of female hormones in order to reduce miscarriage during early pregnancy.  If the injections were given for too long of a period then then bisexuality, hermorphidtism, cross gender identification, and sexual organ deformaties could occur.  My mother had this treatment for four months when she was pregnant with my sibling.
Since the male identify is developed at about 3 months the result was the formation of complete organs for both sexes.
The incidence of homosexuality, cross gender, etc is higher for the baby boomers than for any other generations.
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Offline Acebird

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Re: Answering Kathy's question
« Reply #114 on: March 13, 2011, 12:20:36 PM »
Quote
They are either XX or XY - if they are XX then they are not XY, and vice versa.

Biology is not my strongest subject either but if you check into it you will find that there is more to it then the xx and xy at birth.
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Offline Countryboy

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Re: Answering Kathy's question
« Reply #115 on: March 14, 2011, 12:39:14 AM »
Biology is not my strongest subject either but if you check into it you will find that there is more to it then the xx and xy at birth.

The XX or XY is determined at conception...not birth.

The XX or XY chromosome pairing determines gender - no ifs, ands, or buts. 

Hormone imbalances do not change genetic material, but may change physical characteristics.

One does not have to have a PhD in biology or genetics to understand the difference between a boy and a girl.

If people recognize that something is not their strongest subject, I encourage them to try to educate themselves to improve their knowledge on the subject - or at the very least, listen instead of speaking about things they have limited knowledge of.  (I believe we were born with 2 ears, but only 1 mouth, for a reason.)  It is better to appear an idiot, than to open one's mouth and remove all doubt.

Offline Bee Happy

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Re: Answering Kathy's question
« Reply #116 on: March 14, 2011, 02:22:44 AM »
Bad analogy all told - doesn't compare to profit/loss by being less absolute. there are also multiple chromosomes xxx, yyy xyx etc. - forgot the name of the condition, but XXX does not get wonderwoman, yyy does not get superman - it's messy and unfortunate.
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Offline Acebird

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Re: Answering Kathy's question
« Reply #117 on: March 14, 2011, 10:59:02 AM »
Quote
forgot the name of the condition, but XXX does not get wonderwoman, yyy does not get superman - it's messy and unfortunate.

Yeah, I knew it was something like that but countryboy has deemed himself the expert so I thought I would give him enough rope. :-D
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Offline Bee Happy

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Re: Answering Kathy's question
« Reply #118 on: March 14, 2011, 12:04:28 PM »
it worked out poorly as an analogy, but profit and loss are absolute conditions.
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Offline Acebird

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Re: Answering Kathy's question
« Reply #119 on: March 14, 2011, 12:32:51 PM »
For your reading pleasure:

http://wiki.answers.com/Q/What_does_a_negative_profit_mean

http://www.egl.eu/eglno/en/home/media/news/archive/2010/july/2010_07_28.html

Quote
The effects previously communicated in the first half-year, as well as the weak euro exchange rate and the significantly lower margin from trading activities in the 3rd quarter will have a strong impact on the net profit for the current financial year. Based on the current situation, EGL, therefore, anticipates a negative net profit in the lower 2-digit million range for the entire 2009/10 financial year.
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