![]() Dedicated to the Promotion and Preservation of American Muscle Cars, Dealer built Supercars and COPO cars. |
#10
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I know in my little company, we spend 11 months trying to maximize profits, and then spend December trying to find ways to reduce them. (particularly in "non-cash" ways) Profit is what you pay taxes on; Cash is what you pull out to spend. So you want to minimize profit, while maximizing cash, which usually means a hit to the balance sheet (of little consequence, unless you are trying to borrow money, or sell the company)
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