Word: pretax
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Dates: during 1970-1979
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Even smaller rollers can buy shares in a real estate investment trust, which is essentially a mutual fund that invests in property loans or ownership. Under law, REITS can escape taxes by distributing 90% of their pretax earnings as dividends, so yields can be high. REITS have taken their lumps in the market recently, largely because interest yields on types of loans they do not make have surpassed the return they get on mortgage loans. But some brokers still see the better-managed REITS as solid investments for the future...
...high executives) because they can offer employees free skiing and sometimes free room and board. Still, they have payrolls the size of small telephone books-and for every job there are ten eager applicants, many of them temporary college dropouts looking for a fling on the slopes. The average pretax profit margin for the nation's ski areas last year was about 4% on revenues, or less than their owners would enjoy if they put their money in savings accounts...
...manager of each was made responsible for its success. The profitable liquor distributorships were taken from Canada Dry and put under a new company, Somerset Importers, Ltd. Mahoney sold off most of the uneconomical bottling plants to franchisers; turning around from a loss four years ago, Canada Dry had pretax profits of more than $9,000,000 in fiscal...
...terms, the consensus prediction works out to about a 9.5% G.N.P. rise, of which 5.8% to 6.2% will consist of real growth of production rather than merely price boosts. This should lead to more money-in pay, profits, sales, commissions-for nearly everyone. Grove projects a 13% gain in pretax profits next year; Eckstein says 16% after taxes...
...Puzo. Thanks to fine scripting, directing and acting, the picture stunned both critics and commoners (TIME, March 13). Only eight weeks after release, it has grossed nearly $50 million.* By the end of G. & W.'s fiscal year in July, The Godfather is expected to show a pretax profit of $10 million. According to industry experts, the movie may eventually earn $80 million in profits for G. & W. At the same time, G. & W. has another smash, Love Story, that will bring in an additional $16 million this fiscal year. Other promising films are in the works: a sequel...