Re: UNI athletics over budget
Originally Posted by
GCWaters
Isn't profit the difference between revenue and expenses?
Yes. But not of profit entities don’t call it that. Because they can’t distribute it to owners they can only reinvest it in whatever it is that they do which means that sooner or later (sometimes much later) it gets expensed.
I have the honor to be Your Obedient Servant - B.Aud
We all live in stories... It seems to me that a definition of any living vibrant society is that you constantly question those stories... The argument itself is freedom. It's not that you come to a conclusion about it. Through that argument you change your mind sometimes... That's how societies grow. When you can't retell for yourself the stories of your life then you live in a prison... Somebody else controls the story. - S. Rushdie