RULE FOR MAKING OUT DIVIDENDS.

Many makers are now expected to figure out the milk dividends for the patrons, and issue fortnightly statements. A quick, easy rule to follow in doing this business, is to first foot up each patron’s milk for the number of days’ delivery in one or two sales, as the case may be, draw a line across the page of the factory account book opposite the date sold up to, and, as you add each man’s milk, set the amount down opposite his name on the tally slate. After you have summed it all up, go over it again, adding from the top of the columns downward. This will correct any mistakes you may have made. Next, add the separate sums of milk together into one grand total and, using this united sum for a dividend, take the number of pounds of cheese in the sale or sales for a divisor, and the quotient will be the ratio or the number of pounds of milk it has taken to make a pound of cheese. Then, multiply the number of pounds of cheese by the price per 100 pounds you get for making, and deduct the product from the full cash amount that the cheese has brought. The residue money divide up proportionately among the patrons as follows: Using the grand total of milk for a divisor, see how many times it is contained in the money, minus cost of making. The quotient will be the net price of one hundred pounds of milk. Multiply each patron’s separate amount of milk by this price per hundred pounds, and the product will be the net monied income on that sale or sales for the patron. In getting the price of a pound of milk it is seldom necessary to carry decimally beyond mills. In a measure, the work all proves itself, for, if, by adding together the face value of each patron’s check, the amount does not agree with the cheese returns, less making, your figuring will need a review.

It is customary now to send out with each check a statement demonstrating and setting forth just how the factory business is running. Thus, each patron becomes a critic of the secretary. I append a statement properly filled out:

SALE STATEMENT.

Plainfield, N. Y., June 20, 1889.

E. W. WRIGHT’S CHEESE FACTORY.

IN ACCOUNT WITH

Mr. John Williams.

Sold from May 14th to 29th.

No. Boxes,168
Total Milk,69,779
Total Cheese,7,026
Price per pound, 3,434 @ 8¼-c. 3,592 @ 8⅛-c.
Ratio,9.93
Net price per 100 pounds Milk,71.3
Your Milk,8,336
Amount less making,$59.43