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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?

To: JIN CHUN who wrote (10690)	4/5/1998 7:51:00 PM
From: Forest Gump	Read Replies (3) \| Respond to of 27968

Understand that industry margin averages are heavy sided on the number of non-specialty jobs vs. specialty jobs (i.e. Programmers vs. Data entry Clerks). Grab sectors of the industry and the averages are much higher, %20-%30. Also, profit is profit. 4% of 6,500 hundred wages adds up. Let's see, pay everyone $10.00 @ 40 hrs a week for 50 weeks a year. To satisfy Uncle Sam add 7% (about what a company has to match for unemployment and such) and add another 8% assuming that everyone provides insurance. OK it's now costing you $11.50 an hour. What's the 4% margin? $0.46. ((.46 x 40hr) * 50wk) * 6,500 emp = $5,980,000 in gross profit. Hmmmmmm. Sanity Check Please..Does this sound about right?