Jenna Lee
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Jenna Lee
Jenna Lee joined the FOX Business Network as an anchor in September, 2007, coming from Forbes.com,
where she served as a news anchor and reporter.
While there, Lee conducted interviews with various leaders in the business
community, both on-set and in the field, and covered multiple beats, including investing, the leisure industry, alternative
business practices and international news.
Prior to her stint at Forbes.com, Lee worked for NY1, serving as a reporter
and a segment producer for Fortune Business Report. While there, she also served as an associate producer for Inside City
Hall, a live nightly politics program, and as a writer for their morning newscast.
She is a graduate of the University of California with a Bachelor of Arts in English and Global & International Studies. She also holds a Master of Science degree in Journalism from Columbia University.
What was your first job?
My
first job was working in an apple orchard. My brothers and I were paid based on the number of bags we could fill.
Are
you a spender or a saver?
I save for a rainy day but when it rains, I don't mind spending!
What was the one thing you regret buying?
In hindsight,
the money I poured into buying parts for the 1963 Chevy Impala I drove in college.
What was your biggest money indulgence?
My biggest indulgence
was a round-trip ticket to Nepal, where I went trekking in the mountains for three weeks.
What was the best money advice you received?
Always
take your receipt!
FOX Translator
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Ever been to a clearance sale at a department store and wonder how a massive store like Macy's or Saks can have 50%, 60%,
or even 75%-off sales and still remain in business? Ever wonder why that piece of cloth that an Italian designer calls a dress
can be worth $2,400, and how much it really costs to make and sell?
Ladies and gentlemen, let's talk profit margin.
Profit margin is the difference between how much it costs a company to manufacture, transport and sell its products, and how
much it sells them for. If a company made $10 million in profit of sales of $100 million, the profit margin is 10%. You get
that number by dividing the profit ($10 million) by the income ($100 million). Usually you'll hear profit margin as a percentage.
The
profit margin is a great way to tell how well a company is run. If you have a high profit margin in a company, that means
that the company's costs to make the product are low and it can withstand changes in price fairly well. Also you can use profit
margin to tell how well a company is run when you look at similar companies.
Let's say you were looking a two candy companies. One has a profit margin of 15%, off $200 million in sales. The other company has a profit margin of 7% off $400 million in sales. The $400 million candy company's profit margin shows the company is having trouble keeping costs down. It might be spending too much money on their CEO's private jet, or their sugar suppliers aren't as good as they could be. Anyway, if investors were looking at the $400 million candy company, they would be asking some serious questions.
