this post was submitted on 17 Apr 2024
61 points (94.2% liked)

Canada

7200 readers
318 users here now

What's going on Canada?



Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Local Communities


πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


πŸ’» Universities


πŸ’΅ Finance / Shopping


πŸ—£οΈ Politics


🍁 Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Someone@lemmy.ca 3 points 6 months ago

"we only make 3% profits at retail!" while they jack up farm cost, processing cost, warehouse cost, distribution cost, etc etc. They are picking up profits from themselves, but counting it at a cost to obfuscate their margins as only being obtained once its bought at the end of the supply line (retail)

Corporations treat finances like an art instead of simple math. The company I work for charges each worksite over $100 for an item that uses less than $10 of material (mostly scrap) and at most 15 minutes to manufacture in house. No money actually changes hands, it just eats up the local budget so we can't order equipment that the company actually has to pay for (and additionally it probably looks like an inflated expense to write off).