why does walmart need aid.....they don't even pay their workers paid sick time.
See the response below the following response...
Some do. Many others do not. Also, "billions" (or even "millions" or "hundreds of thousands" for that matter) would be the gross profit, not net profit. Businesses do incur expenses, you know...
what are they doing with the money if they aren't paying their laid off workers?
[1] Writing out huge checks to insurance companies so that they can offer their employees health/dental/vision insurance.
[2] Writing out huge checks to insurance companies so that they can even operate as a business to begin with. (general liability insurance, auto insurance, etc. etc. etc)
[3] Writing out huge checks to a lengthy list of vendors so that they can even operate as a business to begin with. (for raw materials, products, services, etc.) -- see an extremely small sampling of specific examples for a general business below, as specific businesses will each have their own large expenses that other business wouldn't have:
[3a] Writing out huge checks to law firms to correspond with lawyers to handle legal issues so that they can even operate as a business to begin with. (This is
NOT cheap btw)
[3b] Writing out huge checks to external accounting outfits to handle various accounting and tax issues so that they can even operate as a business to begin with. (This is not cheap either)
[3c] Writing out huge checks to various software and website maintenance companies in order to have a website and professional software so that they can even operate as a business to begin with. (This is not cheap either)
Now, here's a small sampling of what a company that owns and manages numerous properties (student housing, other housing, commercial office/retail/warehouse space, and parking at those locations) will incur expenses for:
** Managers to manage all the properties.
** Elevator companies to maintain elevators within each building. (This is
NOT cheap btw)
** Paving companies to maintain paved parking lots and parking stall lines.
** Cleaning companies to keep the commercial spaces clean for tenants... and for apartment turnovers (student housing).
** Real Estate Taxes and utilities for each property.
** HVAC & plumbing companies to keep heat/ac working and to keep drains working.
** Call service companies to take tenant calls outside of normal business operation hours.
** Office supply companies for various office supplies.
** Copiers and the toner for them (and companies that do regular maintenance on those copiers)
** Keys for the buildings and mailboxes.
** Painting companies to paint when needed.
** Appliance repair companies to keep washers/dryers (and etc.) in working order.
** Automobiles for the company, and auto repair companies to keep those automobiles in working order.
** Lawn care/snow removal companies to maintain the properties and their lots throughout the year.
** Garbage disposal companies
** Private security companies to patrol parking lots for illegal parkers and to patrol buildings to make sure that they are secure.
** Pest control companies to prevent and take care of any pest infestations that may occur at the properties.
** Advertising companies that advertise the currently vacant/available properties.
** Various brokers (this is
NOT AT ALL cheap btw...)
So yeah, that's a small sampling of what businesses are "doing with the money".
SOURCE: I am an accountant for a company that owns/manages rental properties.