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Sunday, January 11, 2015 5:37:06 AM
"LOL, and since we've now proven that in fact inventory is NOT part of COGS". Remaining inventory is subtracted (another word for "deducted"), hence it "is NOT part of COGS", as you keep misstating.
Inventory build up is NOT part of the Sales - COGS equation. It is NOT the reason that the company spends more for $1 of sales than $1 in direct costs and most importantly, spending more than $1 for every $1 of sale is a BAD thing.
And when you do as GPDB did and spend $1.40 in DIRECT COSTS for every $1 in sales you were able to generate, then spend another $2 in overhead for every $1 in sales, it's REALLY BAD.
See, $3.40 in expense for every $1 in sales - not considered "good" by investors.
ROFLMAO.
Competing is intense among humans, and within a group, selfish individuals always win. But in contests between groups, groups of altruists always beat groups of selfish individuals.
E. O. Wilson
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