Newspapers / Amco News (High Point, … / May 1, 1956, edition 1 / Page 12
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L c=> . O SO • OoS rlUNCM IT PAV BEGINS MATERIALS PAID FOR. WAGES RlklD FOR TAXES PAID FOB. REPAIRS. REPLACEMEMT PAID FOB. RESEARCH C. PROMOTION PAID FOR. \ NINETEEN MINUTES OUTOFAN S-HOUE VAYff ONLY 19 1/4 MINUTES ARE LEFT FOR PROFITS In the normal eight-hour working day, 19 l/4 minutes are a pretty small part. It is close to quitting time before these few minutes, all that is left of the day, are "minutes for profit, " in the average manufacturing company. Fur ther, only about half of the 19 l/4 min utes result in dividends for the owners. The rest of the profit minutes are used for reinvestment in the business—for new buildings, machines, and other im provements necessary to a company's progress and its ability to provide steady jobs. Profit minutes are put at the end of the day because all a company's bills and expenses must be paid before profit--or loss--can be estimated. Assume we begin the working day at 8:00 a.m. Three hours and 55 min utes will be used to pay for materials and supplies. The clock moves to 11:55. To meet wages and salaries will take 2 hours and 19 minutes. With one hour for lunch, the clock moves to 3:14. To pay all taxes, federal, state and local, uses up another 43 l/4 minutes. It is 3:57 l/4. Repair and replacement of facilities will require 29 minutes. For research and promotion, 14 l/2 minutes more are used up. By now it is 19 l/4 minutes before the day ends, at 5:00 p.m. In this short time, the company must earn the profits it must make in order to stay in business.
Amco News (High Point, N.C.)
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May 1, 1956, edition 1
12
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