Word: cent
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Dates: during 1910-1919
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...directors of the Co-operative Society voted on Thursday to declare a dividend of 9 per cent. on the business of the past year, and this vote was confirmed by the stockholders of the society at their annual meeting yesterday. This dividend, which will amount to $18,705.30, is the largest dividend disbursement in the 29 years of the Co-operative Society's existence. It will be paid at the main store during the second week of November...
...gross profits of the year from the sales of merchandise amounted to $69,521.05 or 18.38 per cent. of the total. output. Thus the Co-operative realized a gross earning of about 18 cents upon every dollar's worth of goods sold. Income from members' fees and other incidental sources amounted to $7,000.66, so that the gross income for the fiscal year was $76,521.71. The general expenses of business, including wages, taxes, insurance, allowances for depreciation, reserves, etc., amounted to $57,586.57, or 15.23 per cent. of total sales. Thus it cost the Co-operative, for all charges...
...Fixtures, 2,886.31Stable, 1,385.60Stock on hand, 57,039.31Cash on hand, 1,914.39Claims, expense inventory, 1,372.52Accts. receivable 40,550.40Capital Stock, $50,000.00Surplus, 4,662.16Notes payable, 5,000.00Accts. payable, 29,249.56Reserve, Dept. mdse, 20 per cent., 11,407.86Overdue accts., 3,393.81Building Fund, 2,500.00Undivided profits...
...spite of the fact that the work upon the subway underneath the society's store interrupted the business to a certain degree, the total sales of the year were $12,921.91 greater than during the year preceding. In view of the fact that the profit is less than four cents on every dollar's worth of goods sold, the dividend of nine per cent. seems very generous, and is only possible because nearly half the sales were made to non-members...
...loss of the services of Mr. F. A. Laws, who has been superintendent for the society for the past eight years, will be very great. The business of the society has increased fifty per cent. during the last five years that he has held the office. That the gross profits during the year amount to over 139 per cent., and the net profits total over 37 per cent. of the $50,000 capital stock of the society give striking proof of the feasibility of co-operative management and profit-sharing under modern business conditions...