Word: nets
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Dates: during 1940-1949
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Actually, Todd's profits did not seem extravagant for a firm doing $200,000,000 worth of repair work a year. Todd earned $2,981,000 in the year ended last March after paying $3,500,000 in Federal taxes. This year Mr. Barnes indicated Todd would net about $7,000,000, pay $8,000,000 in taxes. But Todd's invested capital is only $40,000,000. On that, a $7,000,000 return is a very respectable...
...this antique formula still in effect. As the yards filled, overhead of course dropped rapidly, which helps explain Todd's profits. Mr. Barnes assuaged the Senators somewhat by stating that nowadays Todd revises its contracts downwards when it appears profits will exceed 10%. Furthermore, he said, some jobs net only 2 or 3%, this before taxes...
...Dartmouth press release says that "in the words of the average Dartmouth basketball followers--no more rabid sports fans exist anywhere in the nation--it should produce something extra special in the world of basketball when a Dartmouth net team that is mad clear through goes into action...
...Pennies, now 95% copper, 4% zinc, 1% tin, will contain no tin, use more zinc instead. Net saving: 45 tons of tin. (To change the penny's content, no legislation is required...
...Nickels, now one part nickel and three parts copper, will be coined half of silver, half of copper. Net saving on a year's new coinage: 434 tons of nickel, 434 tons of copper. (The Senate Judiciary Committee last week approved a bill authorizing this change...