Publisher's Synopsis
Excerpt from Milk-Distribution Costs in West Virginia, Vol. 1: A Study of the Costs Incurred by 22 Plants During 1933
Depreciation was included as a cost at the rates set up by the various plants but in no case exceeded the rate set up by the federal government in computing federal income taxes. Interest was included as a cost and charged at the rate of 6% on the present net investment after all debts were deducted on which interest was paid. Interest actually paid was listed as an item of cost under administrative expenses. Bad debts as set up by the various plants in their accounting system were included as a cost. Past experience of the plants together with the managers' estimates of the collectability made it possible to arrive at a fair evaluation of this item. Practically all other items were cash expenditures incurred during the year and no changes were made in these items except to allow for changes in inventory. Items of cost incurred during the year but not paid were charged as a cost. No changes were made in the salaries paid the owners or managers. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This 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.
