Business Question for Accountants
10-24-2005, 09:16 AM
#1
Thread Starter
Business Question for Accountants
If a "Major Corp." is making billions a year in profits but reports losses for the 3rd quarter have they actually lost?
Would this Corp. be in jeopardy?
Would this Corp. be in jeopardy?
10-24-2005, 09:53 AM
#3
Registered User
Originally Posted by SanMarinoCpe,Oct 24 2005, 01:16 PM
If a "Major Corp." is making billions a year in profits but reports losses for the 3rd quarter have they actually lost?
Would this Corp. be in jeopardy?
Would this Corp. be in jeopardy?
3rd qtr results are just that....for that co.'s 3rd quarter. and not necessarily reflective of the entire fiscal.
in jeopardy of what?
10-24-2005, 10:08 AM
#4
Thread Starter
Originally Posted by PLYRS 3,Oct 24 2005, 01:53 PM
are they gonna make billions over the entire year?
3rd qtr results are just that....for that co.'s 3rd quarter. and not necessarily reflective of the entire fiscal.
in jeopardy of what?
3rd qtr results are just that....for that co.'s 3rd quarter. and not necessarily reflective of the entire fiscal.
in jeopardy of what?
I guess its the same with the oil companies who hike prices for losing money but they are actually making billions at the end of the year.
I would say if your losing monies and the company is in jepordy of going under then thats a whole other ball game.
10-24-2005, 11:23 AM
#6
Maybe the bad 3rd quarter is being interpreted as the first of a string of bad quarters. Closing some facilities could be seen as an attempt to cut costs to keep the company afloat.
Or, maybe the determination is made that the bad quarter was the result of something that is happening in those facilities, even something as simple as the decision to get out of a market served by those facilities, so closing them and getting out of that market may stop the losses that happened.
Not enough info to really judge. There are good reasons for doing what you're asking, and stupid, knee-jerk reasons. Can't tell which without way more info.
Is Hardtopguy.com not making billions this quarter?
JonasM
Or, maybe the determination is made that the bad quarter was the result of something that is happening in those facilities, even something as simple as the decision to get out of a market served by those facilities, so closing them and getting out of that market may stop the losses that happened.
Not enough info to really judge. There are good reasons for doing what you're asking, and stupid, knee-jerk reasons. Can't tell which without way more info.
Is Hardtopguy.com not making billions this quarter?
JonasM
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10-24-2005, 12:59 PM
#8
Originally Posted by JonasM,Oct 24 2005, 02:23 PM
Maybe the bad 3rd quarter is being interpreted as the first of a string of bad quarters. Closing some facilities could be seen as an attempt to cut costs to keep the company afloat.
10-24-2005, 02:26 PM
#9
Registered User
Originally Posted by ROGUE3308,Oct 24 2005, 04:37 PM
In my experience it's a loss if you do not meet budget.
that's not meeting your target.
you're not an accountant, i gather?
10-24-2005, 02:29 PM
#10
Registered User
Originally Posted by SanMarinoCpe,Oct 24 2005, 02:08 PM
Lets take Ford for example...there saying they lost money in the 3rd qtr and are contemplating closing some facilities in NE Ohio yet the company as a whole will make billions.
I guess its the same with the oil companies who hike prices for losing money but they are actually making billions at the end of the year.
I would say if your losing monies and the company is in jepordy of going under then thats a whole other ball game.
I guess its the same with the oil companies who hike prices for losing money but they are actually making billions at the end of the year.
I would say if your losing monies and the company is in jepordy of going under then thats a whole other ball game.
2. in canada, it's public knowledge that price fluctuations have nothing to do with hedging agianst potential losses.
3. you think, sherlock?
