this post was submitted on 17 Sep 2023
2048 points (98.4% liked)
Memes
49359 readers
2841 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 6 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The beauty of Hollywood accounting spreading to other industries. Ford Motor Company sells their cars for an on book loss after sales incentives like sub-prime financing through Ford Credit. Ford Credit then makes a profit due to interest payments thus wiping out the loss on the vehicle sale.