270: Mibing is losing money

If every single transaction is clear, how can one fake it?

For example, if a pen costs twenty, but it's the most ordinary ballpoint pen, then it will definitely arouse suspicion.

Once the accounts are recorded clearly, any discrepancies can be found.

Putting the accounts online like this is equivalent to having all of the company's accounts under a camera.

It's not to say that there are no fakes at all, but as long as there is a slight discrepancy, intelligent people will be able to see it.

For example, when buying toilet paper, the entry in the ledger is two yuan per pack, and the brand and model of the toilet paper are also recorded.

If they go to the supermarket and see that the toilet paper is not two yuan per pack and was bought at a higher price, then it's quite unreasonable.

When buying in such large quantities, the price should be even cheaper, but the ledger shows it's more expensive than buying from the supermarket; either it's false accounting, or someone foolishly bought it at a higher price.

Of course, even so, it cannot completely prevent people from doing false accounting.

But even if someone does false accounting, the amount they embezzle will definitely not be much.

It won't be like a certain road, five hundred meters, costing five million, with no clear indication of where the money went; it's obviously suspicious.

With accounts maintained to this extent, even if employees want to embezzle, the amount of money they take will definitely not be much.

And when it comes to salaries, embezzlement is absolutely impossible!

Therefore, Feihuang Supermarket employees truly all earn over ten thousand yuan a month!

Xiang Yang said with a smile, "You all believe now that Feihuang employees' monthly salaries are all over ten thousand, right!"

"And I know something else: Feihuang's employee salaries are public, meaning there's no need for secrecy; employees can talk about their salaries freely outside."

"If anyone is interested, they could spend time collecting employee pay stubs and might be able to match all the accounts."

"Actually, there's no need to investigate the truth, because I've interviewed many employees before, and their salaries are all over ten thousand."

"Unless they conspired to deceive me, it's impossible for it to be false!"

After speaking, Xiang Yang smiled and said, "This is nothing; what surprises me even more than the staff salaries is that all of the company's operational accounts are here."

"You might not know that Feihuang Supermarket's products are directly marked with their cost price, so the cost prices of products are publicly disclosed."

"I didn't expect Feihuang to actually make the entire company's operational accounts public!"

"Whether each branch company is losing money or making a profit is clear at a glance!"

"Listed companies' accounts are public, but they only disclose general information after a period of time."

"That stuff can be faked by anyone who has studied finance for a few years."

"You can only know a summarized cost and a summarized revenue; there are no detailed breakdowns at all, so who knows what's real and what's fake?"

"Feihuang Group is not listed, but it directly makes its accounts public, with very clear details."

"I'm very curious which of Feihuang Group's subsidiary companies are making money and which are losing money!"

"I imagine the viewers in front of the screen are just like me, also curious about which enterprises of such a large group company are losing money and how they turn losses into profits!"

As he spoke, Xiang Yang opened Feihuang Group's accounts and found that three relatively large projects were losing money.

"Qinglin Home is losing money! Is it because of compensation to homeowners?" Xiang Yang didn't quite understand.

Why would they have to pay compensation to homeowners?

Because he didn't know much about real estate, Xiang Yang didn't continue looking.

Instead, he looked at the other two companies.

"Feihuang Restaurant and Mi Bing Milk Tea are losing money!"

"What, Mi Bing Milk Tea is actually losing money? Can you believe this!"

Xiang Yang exclaimed.

"Mi Bing Milk Tea is the former Bingmi; ever since Bingmi Milk Tea was maliciously acquired, the owner of Feihuang Group created Mi Bing Milk Tea."

"Bingmi Milk Tea, for some unknown reason, quickly went out of business after being acquired, and now all its business has been taken over by Mibing."

"Consumers also highly recognize Mibing; the prices are cheap, and there are countless customers every day!"

"I didn't expect Mi Bing Milk Tea, with such good business, to not be making money, but rather losing money!"

Xiang Yang was very surprised.

The viewers in front of the video were also very surprised.

Many viewers in Shen City, most of them know Bingmi.

Walking on the street, if you were to ask which Milk Tea Shop had the best business, it would definitely be Bingmi Milk Tea.

It's the same now; the shop with the best business is definitely Mi Bing Milk Tea.

Although the name changed, it didn't affect its business much.

But they never expected that Mi Bing Milk Tea is now losing money.

With such good business, it's still losing money; is Feihuang doing false accounting?

It was only then that everyone realized that Mi Bing Milk Tea was actually a subsidiary of Feihuang Group.

Xiang Yang said, "I believe you are as puzzled as I am: why is Mi Bing Milk Tea still losing money when business is booming?"

"I also don't know what's going on; let's look at its expenses together to see why it's losing money."

"Let's see if there's a problem with the bills, if false accounts have been made!"

Xiang Yang pulled out all of Mibing's accounts, first looking at Mibing's operating costs.

"It's recorded that the average rent for each store is thirty thousand. Hmm... this doesn't seem to be a big problem."

Xiang Yang knew that rent in Shen City was very expensive, and an average of thirty thousand per storefront was already considered cheap; there's no way to fake this aspect.

"Next is personnel salaries; the cost per worker is actually as high as twenty thousand?"

"The average after-tax salary for ordinary employees is twelve thousand five hundred per month, plus daily meals and various subsidies..."

Xiang Yang opened the detailed accounts and looked, finding that there really wasn't any problem.

One comment said, "I'm in Shen City, and I go to Mi Bing Milk Tea almost every day to buy milk tea. Their monthly take-home salary is indeed over twelve thousand."

"And their meals are also delivered by dedicated delivery personnel; I often see them eating hairy crabs and lobsters. A monthly personnel cost of nearly twenty thousand is absolutely no problem!"

Besides this comment, many other viewers in Shen City also commented, all agreeing that there was no problem.

Bingmi Milk Tea has been open for a long time, and the high salaries of Bingmi Milk Tea employees are no longer a secret.

When Bingmi Milk Tea employees ate lobsters, it even went viral for a while, and many people remember it vividly.

Although it's now called Mibing, the lobsters haven't stopped.

Xiang Yang said, "So, if we calculate that, just for rent and personnel salaries, one store would have an expenditure of one hundred and thirty thousand."

"Let's see how much money they can make in a month!"

"Hmm..." Xiang Yang looked at the table; the table was recorded very clearly, precisely to make it easy for people to check the accounts.

Unlike the accounts of some other companies, which are messy and deliberately make it difficult to check.

Soon, he saw the key information and exclaimed in disbelief:

"One store only makes an average of one hundred and twenty thousand, so each store only makes four thousand a day?"

"Such good business, operating twelve hours a day, only making four thousand?"

Then he thought again, Mi Bing Milk Tea is sold very cheaply, so it really might only make four thousand.

Opening the details, he was surprised to find that, on average, each cup of milk tea only made a little over two yuan!