Tatjana Wrote:
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> Back when I worked for a corporation, to make
> money, they pushed their payments to their vendors
> out to 90 to 120 days from the typical 30 to 60
> days. At the same time, they began raising prices
> on their products and demanding payments from
> their customers within 2 weeks.
> When I asked one of their accountants about this
> practice, he explained how they "made" money by
> simply allowing the money sitting in their coffers
> to gain interest over that longer period as well
> as the shortened payment period.
> They were selling a product used in older machines
> that was vital to their operation.
> End result: the customers made the decision to
> reinvest ASAP in modernising their production
> equipment, thereby no longer needing the vital
> product the corporation sold. As their sales
> declined, their creditors demanded payment sooner
> or else they would be cut off from receiving
> materials needed. The corporation had to lay off
> most of its workforce, then sell all of its
> divisions but one and now is currently
> floundering.
> All because their greed for short term money
> figures consumed them.
lol...@Tatjana, were you working for the IRS? After I read that to my husband he pointed out that, the IRS created that greedy model.