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Cake day: June 6th, 2023

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  • sdoorex@slrpnk.nettoMemes@lemmy.mlJim "Scumbag" Farley
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    1 year ago

    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.