Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-11-17
Cont AcconntLnR.

for the convention.
Cost Accounting.
Members of the Midwest Implement
Dealers association yesterday listened
to an exposition OF cost accounting by
A, ]. Craig, u manufacturer OF GAINESVILLE,
Wis, Cost accounting Is a comparatively
new feature OF trade conventions and is
now generally talked in lieu OF price fix.
ing and boycotting, which used to be ad-
vocated as a means OF getting adequats
profits In business.
Estimate all your expenses In advance
according to rules laid down from the ex-
perence of others, then you will know
what profit you viii have to get TO sur
vive in the business world and win de-
cline to cut prices" Is the maxim OF cost
accounting.
Mr. Craig itemized the various expenses
for the average implement house with a
capital of 5000. showing that annual ex-
penses of 1900 could be expected. The
average volume OF business done on
capital OF 5000. he said, is s25OoO and tho
expense Of doing business is thus 10 per
cent. II the dealer falls TO make his es-
Innate Of expenses irf advance live UP to
II. and II he falls TO make an estimate
OF the business he should do each month
and contrive methods OF gaining next
month what he loses this month I'm sales
he will be disappointed when he comes to
balance his boolts at the end OF the year,
said NJ. Craig.
Include All Expenses.
Every item of expenses imaginable, In
cuding telephone tolls and subscriptions
to hospitals and church fairs. was IN
| L.,
speaker expressed his opinion that if tho
dealer does not take account OF every
one of them he is not doing business on
solid basis.
THE telephone adds to the burden OF
expense Of doing business" he said. Your
customer telephones you to come out and
repair his gasoline engine when he would
find a way OF repairing it himself II he
didn't have access to the telephone. And
he will make you pay for the call IL you
will stand for it.
Every donation made TO a hospital
church, charity fund or any kind OF a
benevolent enterprise or institution should
be charged to the expense OF doing bus'
ness. 1t should he put on the books i'm
mediately or you will forget it,"
Favora Limited Parcels Post.
After an address on Business and
Politics." Senator @. NJ. Hitchcock was
asked what he thought the attitude OF the
next congress would be on the parcels
post question. Without Attempting 20
answer that particular question, Mr..
Hitchcock expressed his own view that
parcels post. as generally understood,
would work to the detriment OF the small
town. but he was inclined to favor tho
limited" parcels post which would allow
. parcels to be sent by rural mail from
the small towns into the Immediate neigh
bcrhood, but would not extend any such
advantage 70 The catalogue houses In thC
: big cities.
Mr.. Hitchcock said he did not believe
the majority OF voters in Nebraska were
,, IN favor OF parcels post as generally un'
derstood, Asked II he thought IL advisable
for the implement men to send a delega
ton 10 Washington 10 protest against
the passage Of parcels post law. he said
: it would be bstter for them to convince
their representatives and senators that
Nebraska Is opposed to parcels post.
The business session OF the convention
closed yesterday afternoon, but tho nipple