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Sufferingcom scandal
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masukuma
#61 Posted : Thursday, August 11, 2016 8:53:32 AM
Rank: Elder

Joined: 10/4/2006
Posts: 13,823
Location: Nairobi
streetwise wrote:
For sure making hyper profits is a sin which ever name you call it

at what point does it cease to be "good" profit and becomes "super" then "hyper"? uko na hizo numbers? who sets those numbers?
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Swenani
#62 Posted : Thursday, August 11, 2016 9:17:59 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
masukuma wrote:
streetwise wrote:
For sure making hyper profits is a sin which ever name you call it

at what point does it cease to be "good" profit and becomes "super" then "hyper"? uko na hizo numbers? who sets those numbers?


From my 8-4-4 education, good profit ceases when average revenue > average total costs
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masukuma
#63 Posted : Thursday, August 11, 2016 12:00:59 PM
Rank: Elder

Joined: 10/4/2006
Posts: 13,823
Location: Nairobi
Swenani wrote:
masukuma wrote:
streetwise wrote:
For sure making hyper profits is a sin which ever name you call it

at what point does it cease to be "good" profit and becomes "super" then "hyper"? uko na hizo numbers? who sets those numbers?


From my 8-4-4 education, good profit ceases when average revenue > average total costs

that is PROFIT. you have 100bob revenue and you incurred total cost of 90 bob. your "profit" is 10 bob.
so REVENUE - TOTAL COST is PROFIT, but people have put it on a scale. that 1 cent is poor profit, and some large number lets say 999,999,999,999 is 'hyper'. isn't this scale subjective? what is "poor" to you may not be poor to me. what you consider "hyper" may not be hyper to me - right? thus my question - who defines this scale?
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Swenani
#64 Posted : Thursday, August 11, 2016 2:15:35 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
masukuma wrote:
Swenani wrote:
masukuma wrote:
streetwise wrote:
For sure making hyper profits is a sin which ever name you call it

at what point does it cease to be "good" profit and becomes "super" then "hyper"? uko na hizo numbers? who sets those numbers?


From my 8-4-4 education, good profit ceases when average revenue > average total costs

that is PROFIT. you have 100bob revenue and you incurred total cost of 90 bob. your "profit" is 10 bob.
so REVENUE - TOTAL COST is PROFIT, but people have put it on a scale. that 1 cent is poor profit, and some large number lets say 999,999,999,999 is 'hyper'. isn't this scale subjective? what is "poor" to you may not be poor to me. what you consider "hyper" may not be hyper to me - right? thus my question - who defines this scale?



When Average revenue is equal to average cost, that is still profit by its's an "ethical profit", once your average revenue starts exceeding your total average costs that becomes a super normal profit which ceases to be " ethical profit".

But I don't know whether sufferingcom makes normal or supernormal profits.
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masukuma
#65 Posted : Thursday, August 11, 2016 3:16:10 PM
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Joined: 10/4/2006
Posts: 13,823
Location: Nairobi
"ethical profit"? ethics defined by whom?
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Swenani
#66 Posted : Thursday, August 11, 2016 3:19:57 PM
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masukuma wrote:
"ethical profit"? ethics defined by whom?


Economic ethics defined by economists
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obiero
#67 Posted : Thursday, August 11, 2016 4:27:38 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,367
Location: nairobi
Swenani wrote:
masukuma wrote:
"ethical profit"? ethics defined by whom?


Economic ethics defined by economists

I would opine that when the profits are too much that the management looses intelligent use of the same, then that is unethical profits. It can happen to both small and large firms, so its not about the sum but the usage.. A father who starts drinking and mpango because of excess profits has moved into unethical zone, but one who uses the cash to pay school fees for destitute children has not moved into the unethical zone. IBM for example is ethical, Safaricom isnt since they simply repatriate to the UK and Mobitelea among others
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  | | Edit by user: Thursday, August 11, 2016 4:28 PM | Reason: Not specified
Swenani
#68 Posted : Thursday, August 11, 2016 4:40:30 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
obiero wrote:
Swenani wrote:
masukuma wrote:
"ethical profit"? ethics defined by whom?


Economic ethics defined by economists

I would opine that when the profits are too much that the management looses intelligent use of the same, then that is unethical profits. It can happen to both small and large firms, so its not about the sum but the usage.. A father who starts drinking and mpango because of excess profits has moved into unethical zone, but one who uses the cash to pay school fees for destitute children has not moved into the unethical zone. IBM for example is ethical, Safaricom isnt since they simply repatriate to the UK and Mobitelea among others


Regardless of how much the company invests in CSR, too much profit is unethical, CSR expenses are usually treated as an expense item and charged to the P&L hence the profit declared is usually less the CSR expenditure
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  | | Edit by user: Thursday, August 11, 2016 4:44 PM | Reason: Not specified
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