- Jan 3, 2018
- 4,915
- 10,323
I explained the basic, simple maths quite clearly in my post, that you quoted.
Do you not know how many days are in a week?
You said, in your post, that it's 4k for 2 night's stay. So that's 2k per day.
There are 7 days in a week.
7 x 2k =..... *drumroll*.....14k!!!
You then said your staff cost was -$250.
14k - 250 = 13,750.
You start off 50k in debt.
You use 45k, of that 50k, to renovate the rooms.
You have incorrectly added the renovation costs to the debt, giving you circa -95k starting position.
This is where you've got your maths wrong.
If someone lends you $10 & you spend that on something, you still only owe $10. Not $10 + the cost of the item.
Same as here, you only owe $50k. Not $95k.
50k / 13.75k = 3.6 weeks to be able to repay the debt.
There is no "daily defecit".
You operate on a p/l model.
Your income (+14k p/w) is higher than your expenditure (-250 p/w), so you are in profit (+1.96k p/d).
Glad to see it's dropping, something clearly changed it by 1/3. lol
Anyway, you're not operating at any deficit. You're operating in profit, as shown above.
This profit enables you to repay your debt, with ease, in less than 4 weeks.
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