. Florists' review [microform]. Floriculture. Th« florlato whoa* osrda appMtf on tbo paces oarrylnc tbia bMkU —-*— tromotb«r florists for local (lellTenr 0Btli9iwiurii YOUR ORDERS for Easter or any other occasion always will receive Prompt and Careful attention. 2134 Michigan Avenue CHICAGO STOCK FACILITIES SERVICE WALTHAM, MASS. 1st CLASS Member F. T. D. M. F- RU ANE 121 Moody St BROOKLINE and Chestnut Hill, Mass. F. E. PALMER, Inc. 220Washington St. BROOKLINE, MASS. FOR THIRTY YEARS THE LEADING FLORIST IN THIS EXCLUSIVE COMMUNITY expression in brief formulas, using the following symbols: IB—
. Florists' review [microform]. Floriculture. Th« florlato whoa* osrda appMtf on tbo paces oarrylnc tbia bMkU —-*— tromotb«r florists for local (lellTenr 0Btli9iwiurii YOUR ORDERS for Easter or any other occasion always will receive Prompt and Careful attention. 2134 Michigan Avenue CHICAGO STOCK FACILITIES SERVICE WALTHAM, MASS. 1st CLASS Member F. T. D. M. F- RU ANE 121 Moody St BROOKLINE and Chestnut Hill, Mass. F. E. PALMER, Inc. 220Washington St. BROOKLINE, MASS. FOR THIRTY YEARS THE LEADING FLORIST IN THIS EXCLUSIVE COMMUNITY expression in brief formulas, using the following symbols: IB—inventory at beginning of year. IE—inventory at end of year. SP—stock purchased during year. SO—stock offered for sale during year, in cost figures. SS—stock sold during year, in cost figures. GS—gross sales for the year, E—expenses for the year. NP—net profit for the year. Then the method of calculation al- ready described may be expressed in three simple equations, as follows: IB+SP=SO SO—IE=SS. GS—(SS+E)=NP, Or these may be simplified into one: GS+IE—IB—SP—E=NP. Consequently, w^hen at the end of the vear the retailer has before him the five essential facts, namely, the totals of the two inventories, the amount of stock purchased, the expenses for the year and the gross sales, the net profits can be found at once by substracting the sum of the totals for the first inventory, the stock purchased and the expenses from the sum of the totals for the gross sales and the second inventory. In applying this method to his own business, the individual retailer may want to subdivide the fiscal period and not wait till the end of the year to know where ho stands. He may, also, prefer to use a system of stock-keeping records and do away with some of the inven- tories. One point that will be of assistance in keeping the necessary records will be the exclusive use of a check book. If all the money that is received is deposited in the bank, instead of being us
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Keywords: ., bookcentury1900, bookdecad, booksubjectfloriculture, bookyear1912
