Word: profitable
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Dates: during 1940-1949
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...from Jan. 1, 1940 to November 1941. Of questionnaires sent to 5,198 Navy contractors, only 2,300 responses have been received thus far. The 1,228 most important contractors (over $10,000) made 19,086 contracts with the Navy. Total value reported, $3,889,168,760; total profits reported, $287,859,448.* The over-all profit average, for all firms doing business with the U.S. Navy...
Losses were incurred in some cases: chiefly naval defense housing, where the profit average was lowest (3.89%); and naval aviation contracts, where expensive specification changes caused 30.78% of all contracts to suffer losses, and the profit average was 4.59%. Highest individual profit on a contract was 247%-which may have been on a dinky contract. The committee found no cause to regard the high returns as shocking...
...This figure has nothing to do with a return on invested capital, is merely the margin of profit per order figured on this rule: "Where the amount of the contract and the profit was shown, cost was determined by deducting the profit from the amount of the contract; where the cost and the profit only were shown, the amount of contract was determined by adding the profit to the cost." In some businesses a 1% margin of profit is adequate; in others 100% may be none too large for an adequate return...
...dealers will quit. Many of the big ones hope to pay the bills with the take from used cars and service. Some well-equipped dealers are even figuring on subcontracted war orders for their ma chine shops. But all saw a future of hard work, little profit...
...copy, as a whole is below par, and yet not enough so for its deficiencies to be charged off to profit and loss. The faults of the issue are the faults of every issue, only slightly exaggerated. Somehow the Advocate has cut itself off from the wealth of original creative writing done at Harvard. Its material maintains technical excellence, but it is too strictly limited by techniques fashioned by post-war writers for problems which have little meaning today. There is original talent at Harvard: it remains for the Advocate to find...