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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1885 edition. Excerpt: ...to the list. The profit of the manufacturer, when heavy final losses are taken into consideration only amounts to Depreciation $0.52 5 percent. profit.'. 44 $0.96 and therefore stands in no relationship to what the losses can effect. We must therefore review our calculations from a commercial standpoint and if we wish to be correct we must divide our $7.25 by two, into $3.63, which amount we then add to our estimate as the proportion due to risk, We then obtain as a basis J42.90 Risks 3.63 $46.53 We see furthermore that this last calculation, by which we can formulate and express the items we have ascertained, that are dependent upon the situation of our establishment, requires most careful consideration in order that the items there found may appear in their true proportions in the final result. For such cases there can evidently be no formula found, for they simply depend on relations of a commercial nature, conforming to the size and perfectness of the establishment, and to those changes which may be called forth by unpropitious circumstances, even after all possible datahas been determined. THE BALANCE. As has already been shown, we can with the help of our tables as they are compiled, and without any further difficulty determine the profit or loss per week, month or year. For this purpose one need only, instead of taking the productive wages which naturally belong in the estimate upon a certain object, add together the whole productive wage expenditure for the week, month, or year, and compare it with the total output of castings for the corresponding time. Both of these amounts, which may be obtained without any trouble from the books, are at hand for the simple total of invoices supplies au equivalent which, by a fair approximation,...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1885 edition. Excerpt: ...to the list. The profit of the manufacturer, when heavy final losses are taken into consideration only amounts to Depreciation $0.52 5 percent. profit.'. 44 $0.96 and therefore stands in no relationship to what the losses can effect. We must therefore review our calculations from a commercial standpoint and if we wish to be correct we must divide our $7.25 by two, into $3.63, which amount we then add to our estimate as the proportion due to risk, We then obtain as a basis J42.90 Risks 3.63 $46.53 We see furthermore that this last calculation, by which we can formulate and express the items we have ascertained, that are dependent upon the situation of our establishment, requires most careful consideration in order that the items there found may appear in their true proportions in the final result. For such cases there can evidently be no formula found, for they simply depend on relations of a commercial nature, conforming to the size and perfectness of the establishment, and to those changes which may be called forth by unpropitious circumstances, even after all possible datahas been determined. THE BALANCE. As has already been shown, we can with the help of our tables as they are compiled, and without any further difficulty determine the profit or loss per week, month or year. For this purpose one need only, instead of taking the productive wages which naturally belong in the estimate upon a certain object, add together the whole productive wage expenditure for the week, month, or year, and compare it with the total output of castings for the corresponding time. Both of these amounts, which may be obtained without any trouble from the books, are at hand for the simple total of invoices supplies au equivalent which, by a fair approximation,...
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