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Money from corp closed dont come back

Topics: Problems: Money from corp closed dont come back

Vladian Enache

Friday, October 25, 2019 - 01:22 pm Click here to edit this post
I closed a bunch of corps on day 30

On the financial statement of the next month all the money from the closed corps are not there.

and yes i count the money paid to countries as reparations, as all the corps i closed were in my country and reparation money are accounted for.

practically, for each closed corp i paid a reparation fee to the country, that was always lower than the cash in corp. so i should be net positive next month.

money paid appear on the financial statement. money from corps do not

this is confirmed by the total net cash balance (country + money corps) including my CEO and the country where i closed the corps. Money are not there. they vanished, a lot of them.

i will wait 1 more month tick, maybe they show up after 2 months?

Vladian Enache

Friday, October 25, 2019 - 01:49 pm Click here to edit this post
so i closed the corps on day 30

and there is graph for cash from closed corps in financial statement. it reads a big 0 for the past 12 months

Cash from Closed Corporations 0.00B SC$ Cash Transfer

so i guess if the next month the cash does not appear here we can conclude that is bugged ?

already a month has passed, 0 last month when i closed corps, 0 this month.

edit: if i have wait for the supply buy orders that dont get filled in 15+ game months probably wouldnt get anything back as when they finally get filled (buy supply for a closing corp...) the cash in corp would be gonne.

so the story is to cancel the buy orders manually and only after that close the corp. who would have guessed

Vladian Enache

Friday, October 25, 2019 - 04:25 pm Click here to edit this post
this doesnt make any sense

next month some money from closed corps appears

but again, next month, same expenses for closing corps appears, for the 2nd month in a row.

lost even more money

this line
Corporations bought, closed or moved and Enterprise Tax -4,581.59B SC$

i paid it 2 times

this line received 1 time
Cash from Closed Corporations 3,137.93B SC$

so basically 1 month i lost -4,581.59B
and 2nd month i lost (-4,581.59B + 3,137.93B SC$)

so closing a bunch of corps costed me between 5 and 10 trillions, confirmed by the sum of net cash between CEO and country, lost between 5 and 10 trillions after this operation when i should have net earn cash because of the money in corps and supply sell. buying corps, closing corps penalty is a 0 sum because its a close circuit between my country and my CEO.

i should have make profit on the sum of netcash but instead i lost a lot.

Vladian Enache

Friday, October 25, 2019 - 04:43 pm Click here to edit this post
so between 2 monthly ticks i lost another 1.3 trillion while doing nothing. last action was done before the last 2 months ticks.

the closed corps had no loans taken, cash in them and some supplies. however i keep losing money while doing nothing, long after i closed them.



Friday, November 1, 2019 - 03:04 pm Click here to edit this post
losing 1.3T is a lot of money.
don't understand what you exactly did.

Closing corporations is not a good business strategy.
most corporations, when working at 100% production plus, are very profitable.
changing the output product is a good solution too.

I never close any corporations, unless the population is too small to provide enough workers.

A corporation never has so much cash anyway and cannot make a huge losses even when closed.

The process of closing can take several days.
The corporation does not show up any more but the clearing up process takes time and only when finished, assets are distributed. (owner, share holders etc.).

Lehman brothers collapsed in 2008.
It is not gone yet. Assets are in processing, collected and are being distributed to the parties owning them.

Will Walker

Friday, November 1, 2019 - 04:01 pm Click here to edit this post
"most corporations, when working at 100% production plus, are very profitable."

This seems patently untrue. All of my corporations but one are at 100% hiring and pushing an average of 108% production. Only 2 are in the black.

I think you take a lot of granted, Andy, and should examine your numbers.

Daniel Iceling

Monday, November 4, 2019 - 09:14 pm Click here to edit this post
Will Walker,

Please post the name of your country and the world on which it is located, whenever asking for help. So that people can look at your corporations and see why they are losing money.

The most likely cause is that you are buying supplies that are to expensive. Or buying supplies on contract. Buying supplies over 220 Quality will cause your Corporation to lose money.

The second most likely cause is that your Corporations are new, and haven't finished upgrading yet. This will cause them to produce poor quality products, and lose money.

The third most likely reason. Is you are paying to much in salaries. Wage indexes should be set between 100-500. With 300 being considered normal.

The forth most likely reason. Is that you are producing products that have been oversupplied on the market recently, and as such, have a low price for what they are selling. Causing them to lose money.

Signed President of DanNation on LU

Will Walker

Monday, November 4, 2019 - 09:26 pm Click here to edit this post
Daniel Iceling,

I appreciate you taking the time. I'm discussing corporations in various nations on Golden Rainbow, I'm a CEO player.

1) My corporations buy an average quality of 160-200;
2) They are new, but see the remainder of these points and below;
3) My salary indexes are the minimum that maintains 100% hiring, the lowest is 175, the highest is 350.
4) While I do have corporations that produce goods that are occasionally oversupplied, I am not talking about those corporations. Instead I'm talking about goods that are so chronically in shortage that I have never seen them at anything other than their ceiling price - specifically, electrical power, advanced quality products, factory maintenance, and robotics

It's a curious design choice to have it require perfection conditions, even under egregious market shortages, to turn a profit.

Daniel Iceling

Monday, November 4, 2019 - 09:47 pm Click here to edit this post
Will Walker,

Corporations that haven't finished upgrading are still in the "start up" phase. Where a business usually spends more than it gets in revenue, to properly establish itself. Once your Corporations have finished upgrading they will produce a profit. It just takes time. Simcountry is a realistic simulation of real world systems. One of the factors it models, is that things take time. Nothing happens overnight. Be patient. Most successful players have been around for over a year, or longer, to get their nations and enterprises to where they are today.

Signed President of DanNation on LU


Saturday, November 9, 2019 - 11:40 am Click here to edit this post
Thanks Daniel.

Most countries in the game are profitable to very profitable.
The reason for it is that their corporations are profitable and pay taxes.

they also provide many jobs in the country and the workers pay taxes too.

so obviously it works and it does so for a long time.

The way to go about it is:

1. Make sure your education produces the workers and professionals you need.
2. Make sure your education produces the workers and professionals you need.
3. Upgrade corporations to the max.
4. Check your indexes, health, supply, education, transportation etc. when all of them are high, your welfare will increase. when your welfare is at 120, your corporations produce at 120%.
5. Increase salaries in your corporations. There are many opinions on the required level but people here can advise.
6. Check the mix of products you produce and if needed, switch to different products. Some are nearly always short.
7. Set your purchasing strategies to make sure you have all the raw materials needed. If you do not, production will decrease and you are quickly in the red.

Another thing of course is to make sure you have enterprise owned corporations in the country.
These pay a lot to the country for facilitating them.

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