tions; for example, the men's clothing department into sections for suits, overcoats, hats, etc.) Written Work Prepare a classification of sales by days and by departments. Enter the amounts in the proper column; find the total sales for each day, and for each section. Also find the grand total sales. Be sure that this grand total checks all additions. 363. Daily Sales Compared with Sales of Corresponding Day of Preceding Year. One of the most common methods of noting the growth of a business is to compare the sales of each day with the sales of the corresponding day of the preceding year. It is assumed that trade conditions will be about the same, year after year, at the same time of the year. By comparing the sales of the first Monday in October, 1922, with the sales of the first Monday in October, 1921, a basis of comparison is furnished to show increase or decrease in business. It is customary to enter on the blank the weather conditions for the two days, since the weather would affect the volume of sales Written Work Prepare a blank similar to the model. DAILY SALES REPORT BY SELLING SECTIONS Find the increase or decrease, and the per cent of increase or de crease, in the sales for each selling section, and for the entire department. 364. Form Showing the Per Cent of the Stock on Hand at the Beginning of the Month Sold During the Month. The following form shows what per cent of the stock on hand at the beginning of the month is turned during the month. An inventory is taken at the beginning of the month, the sales of the month are recorded, and the per cent of the inventory sold is computed. Problem. The inventory at the beginning of January showed 540 suits on hand. During the month 360 suits were sold. What per cent of the stock was sold? Complete the form by showing what per cent of the stock on hand at the beginning of the month was sold during the month. 365. Department Record of Sales, Profits, etc. The following table shows one of the more elaborate forms of store records. Written Work Rule a form similar to the illustration. Use the following data and complete the blank. Your ability to prepare this exercise without further explanation will be a good test of your efficiency. Prorate the salaries, commissions, and other expenses, according to sales. DEPARTMENT SALES, GROSS PROFITS, RETURNED GOODS, NET PROFITS, MISCELLANEOUS CHAPTER XLVI CONSIGNMENTS AND COMMISSIONS GRAIN, live stock, and many other articles of produce and manufacture are usually marketed through commission merchants or brokers. 366. Illustration and Explanation of Terms. Mr. Williams, who lives in a small town in Minnesota, sends a car of grain to Owen and Bartlett, commission merchants of Chicago. Owen and Bartlett are engaged to sell the grain, pay all charges, deduct their commission, and remit the proceeds to Williams. Williams is called the principal; Owen and Bartlett, the agents. Williams calls the grain a shipment; Owen and Bartlett call it a consignment. The statement of the transaction furnished to Williams is called an account sales. When a commission merchant is engaged to buy produce, the statement of the transaction furnished to his principal is called an account purchase. 367. Selling Consignments of Grain. The city produce exchanges provide a ready market for grain. The commission merchants and brokers are members of these exchanges, and act as the agents of farmers and elevator companies in the sale of the grain. The farmer or elevator owner consigns his cars of grain to his broker, who sells the grain, has it unloaded at the elevator designated by the purchaser, receives cash in payment, and accounts to his shipper for the full amount received, minus his commission and the charges which he has paid. Commission is the charge made by the broker for handling the sale. The following are Chicago rates: cent per bushel on corn and oats. 1 cent per bushel on wheat, rye, and barley. Inspection. A nominal fee (usually 35 cents) is charged by the state grain inspection bureau for determining the grade or quality of the grain. |
