10 



THE NEW YORK JuURNAL OE PHARMACY 



8. Give a common name fur (a) 

 Tinctura amara, (b) Mistura carmina- 

 tiva, (c) Liquor morphinae hypoder- 

 micus, (d) Liquor potassae chlorinatae. 



9. Give the official Latin title of (a) 

 Red precipitate, (b) Heavy magnesium 

 oxide, (c) Spirit of Salt, (d) Tincture 

 of thebaine. 



10. Give details of the official method 

 for the preparation of a decoction. 



11. Name three official syrups which 

 contain an acid, and three which con- 

 tain an alkali. 



12. Write, in both Latin and English, 

 the meaning of each of the following 

 abbreviations: (a) p. c. (b) Rad. (c) 

 s. a. (d) ejus, (e) Coch. mag. (f) sol. 



13. How can solution of lead acetate 

 be distinguished from Goulard's ex- 

 tract? 



14. Give three methods for the prep- 

 aration of ointments, illustrating each 

 by naming an official example. 



15. Enumerate the three principal 

 sources of laws which govern the prac- 

 tice of pharmacy in any given com- 

 munitv. 



PROFIT ACCOUNTING BY THE 

 DRUGGIST. 



The following business records should 

 be kept: 



1. Sahs. 



2. Purchases. 



3. Expenses. 



The expense account should include 

 the following items: (i) taxes, (2) in- 

 surance, (3) fuel, (4) light, (5) water, 

 (6) rent, (7) proprietor's salary, (8) 

 clerk hire, (9) advertising, (10) tele- 

 phone, (11) telegraph, (12) office sup- 

 plies, (13) postage, (14) repairs, (15) 

 delivery service, (16) donations, (17) 



subscriptions, (i8j depreciation in stock 

 and fixtures, and (19) losses in bad ac- 

 counts. 



At the end of the year an annual 

 statement should be drawn up covering 

 the following facts: 



1. Total sales. 



2. Purchases. 



3. Stock increase or decrease as 

 shown by the inventory. 



4. Cost of goods actually sold. 



5. Gross profits. 



6. Expenses. 



7. Net profits. 



8. Total income from the business. 



9. Inventory of stock. 



10. Inventory of fixtures. 



There should be added to or deducted 

 from the annual purchases any increase 

 or decrease in the permanent stock 

 shown by the inventory. After this ad- 

 justment has been made, and the real 

 cost arrived at of the goods actually 

 sold during the year, the latter should 

 be deducted from the sales, thus dis- 

 covering what the gross profits are; 

 From these gross profits the expenses 

 are deducted in turn, leaving the net 

 protits. 



From these records if is an easy mat- 

 ter to arrive at the four facts which 

 every druggist should know about his 

 business : 



1. His percentage of expense. 



2. His percentage of gross profit. 



3. His percentage of net profit. 



4. His entire income from the busi- 

 ness as a whole. 



His percentage of expense is gotten 

 by dividing total annual expenses by 

 total annual sales. His percentage of 

 gross profit is obtained by dividing totai 

 gross profits for the year by total sales. 

 His percentage of net profit is the differ- 



