Word: profitable
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...such calculations he incurs obligations and budgets his own financial commitments for business expenses and otherwise. This plan contemplates that local managers become entrepreneurs. They attend to all the necessary local arrangements, sell the tickets and keep the receipts over and above their expenses. They engage in business for profit...
Navy. Less hysterical testimony was brought out by the Naval Affairs Committee. President Lawrence Grumman of Grumman Aviation Co., a small independent, said that he had not found that an "air trust" had a monopoly on government contracts, that he had made 18% profit on the planes he built for the Navy last year. But when the Committee heard that 10% of his manufacturing cost went to Aluminum Co. of America and that only from that concern could he get the necessary aluminum, it grew suspicious, "invited" Aluminum Co. representatives to appear...
...another Navy witness. Manufacturer of the celebrated Martin bomber, which goes 200 m. p. h. and won the Collier Trophy last year, Mr. Martin testified that he had been awarded Navy contracts for 14 years, had done $20,000,000 worth of business with the Government. His average profit was 6%, although in 1927 he had made 19% on a $3,000,000 order. A string of manufacturers followed Mr. Martin to the stand and stated the case that every aviation manufacturer and Army and Navy procurement officer knows. Experimental costs in military work are so high that a firm...
...requires every listed corporation to file with the Exchange and the Commission . . . annual and quarterly reports, including both a balance sheet and profit and loss statement . . . monthly reports including among other things, a statement of gross sales or gross income. . . . Sec. 18 (B) permits the . . . Commission to prescribe the forms which must be used; the items and details to he shown . . . also the methods to be followed in preparation of accounts, in the appraisal and valuation of assets and liabilities, in the determination of depreciation and depletion...
...water power, expected by the proponents of the plane to not only pay for itself, but to provide the capital used in the building and upkeep of the canal, there is hardly sufficient market at present to fund the installation of the new power plants, let alone large enough profit to create a surplus for the support of the proposed waterway. It is cheaper to produce power in New York by coal and steam, than to wire it south from the St. Lawrence valley...