On Buying And Using Print Practical Suggestions From a Librarian to the Busines

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On Buying And Using Print Practical Suggestions From a Librarian to the Busines
Dana John Cotton
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The easy going decision "to stock up heavily on tar pins this winter because people seem to like them, " or "to enlarge the shoe department because we need more space for the stock, " may be steps on the road to the bankrupt court instead of to increased profits. The bar 44 THE USE OF PRINT pins may have been priced too low to bring a profit; and the shoe department may be actually running at a loss. These are the kinds of things that happen when estimates are made on rough computations and not
... on accurate cost figures.
Progressive trade papers and trade associations have recently worked out systems of accounting particularly adapted to specific industries. The systems have been compiled by experts, after studies of industries and with the cooperation of association members. Ask your own association and trade paper what are the best systems of accounting and costs for your business, and learn what they have done in this line. If they have done nothing it is time they woke up.
In any event, your library — call it your information bureau if you prefer that term — must have in hand, well arranged and easily accessible, the latest information in print on all the wide field of accounting.


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