Operating Expenses in Retail Jewelry Stores in 1919 (Classic Reprint)

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Excerpt from Operating Expenses in Retail Jewelry Stores in 1919As in the other businesses studied, the first step necessary in the jewelry work was to develop a system of Operating ac counts for retail jewelers which would make it possible to compare the expense figures of different stores. This was essential because it was found that seldom did two merchants include the same expenses under any particular account. For example, selling expense in one store meant only the wages of employees engaged exclusively in selling goods, in another it included also wages paid to repair men, part or all of the proprietor's salary, and cost of boxes, ¿annel bags, and wrap pings. One merchant, who owned the building in which his store was located, charged his business with a reasonable rental for the space occupied, a similar store a block away had no item of rent in its expense account. A retailer in Arizona included in his Operating expenses a salary for him self, while another in New Jersey did not charge the business with compensation for his servmes.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.