To: Alberta's Child
We did in hotels. We tried for a 20% total net profit. That included every expense. This was with 50 million in overall revenue.
Our room rates were set with that goal. Of course, rates fluctuate but we strive for the yearly average rate depending on average occupancy percentage.
30 years doing the books.
Guess it’s different in other industries.
121 posted on
03/07/2024 8:28:26 PM PST by
Fledermaus
(Is it me, or all of a sudden have the buried trolls come out on FR like cicadas? It's all noise.)
To: Fledermaus
I don’t doubt that you had profit targets based on all your expenses, but your corporate income tax was not included in your expenses. How could it be included if it is paid based on your net profit — which was a GOAL, and would not have been known when you prepared your business plan?
122 posted on
03/07/2024 9:04:01 PM PST by
Alberta's Child
(If something in government doesn’t make sense, you can be sure it makes dollars.)
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