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The Water Cooler
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<blockquote data-quote="Uncle TK" data-source="post: 4238305" data-attributes="member: 31781"><p><span style="font-size: 26px">Using your example of $100.00 for each time period.</span></p><p><span style="font-size: 18px">Breakeven is $125.00 (Loses $25.00 each time period) (Owner works for free)</span></p><p><span style="font-size: 18px">Starts taking Credit Cards, Sales for the Time Period go up to $200.00. </span></p><p><span style="font-size: 18px">$200.00 Sales</span></p><p><span style="font-size: 18px">$125.00 Overhead</span></p><p><span style="font-size: 18px">$ 3.00 Credit Card Fees (100 x 0.03) Actual around 2% not 3%</span></p><p><span style="font-size: 18px">------------------------------------------------</span></p><p><span style="font-size: 18px">$ 72.00 Profit for owner not a $25.00 Loss (Credit Cards make a business money)</span></p><p><span style="font-size: 18px"></span></p><p><span style="font-size: 18px">Most cash only restaurants under report Income to IRS & Sales Tax to State </span></p></blockquote><p></p>
[QUOTE="Uncle TK, post: 4238305, member: 31781"] [SIZE=7]Using your example of $100.00 for each time period.[/SIZE] [SIZE=5]Breakeven is $125.00 (Loses $25.00 each time period) (Owner works for free) Starts taking Credit Cards, Sales for the Time Period go up to $200.00. $200.00 Sales $125.00 Overhead $ 3.00 Credit Card Fees (100 x 0.03) Actual around 2% not 3% ------------------------------------------------ $ 72.00 Profit for owner not a $25.00 Loss (Credit Cards make a business money) Most cash only restaurants under report Income to IRS & Sales Tax to State [/SIZE] [/QUOTE]
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