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Message
Posted on 1/29/24 at 6:14 pm to geauxnavybeatbama
quote:
costs money to make money. Mulkey and staff costs money
If your cost revenue ratio is 100% or higher, you're operating at a loss.
It says their expenses were roughly $10.5m and their revenue was $2.5m.
10.5 / 2.5 = 4.2 or 420%
Saying "it costs money to make money" in this context is dumb as shite.
"It costs me $10 to make this widget and I sell it for $5. But you know, 'it costs money to make money.'"
This post was edited on 1/29/24 at 6:16 pm
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