Operating Expenses in the Retail Hardware Stores in 1919

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Operating Expenses in the Retail Hardware Stores in 1919
Harvard University Bureau of Business Research
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In numerous stores the sales of these other lines were substantially greater than the sales of the kinds of hardware previously enumerated.
OPERATING EXPENSES The reports on operating expenses have been adjusted in all cases to the standard accounting system. Only those reports that were fairly complete were included in the tabu- lations. While the figures used in this summary are believed to be approximately . Accurate, nevertheless, they are to some extent preliminary in character and are sub
...ject to modifica- tion in the future not only because of changes in business con- ditions but also because of the improvement that is manifestly taking place in the completeness of the reports submitted to the Bureau by hardware retailers.
In collecting the data for 1919, buying expense was com- bined with management expense. Where possible it seems advisable that buying expense should be accounted for separately. So few hardware merchants, however, are pre- pared to give figures on buying expense separately from management expense that better results for the present are obtained by combining the two items as was done this year.


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