Calculating Dividends. 



209 



find the figure showing the price which it has been de- 

 termined to pay for 100 Ibs. of milk of a certain qual- 

 ity, say 3 or 4 per cent.-milk; the figures in the same 

 vertical column then give the price to be paid per 100 

 Ibs. of milk testing between 3 and 6 per cent. 



Example 1: It has been decided to pay 90 cents per 100 Ibs. 

 of 4 per cent.-milk. The figure 90 is then sought in the table in 

 the same line as 4.0 per cent., and the vertical column in which 

 it is found gives the price per 100 Ibs. of 3 to 6 per cent.-milk, 

 3.8 per cent.-milk is thus worth 85 cents per 100 Ibs. and 4.5 per 

 cent.-milk, $1.01, under the conditions given. The prices of milk 

 of other qualities are found in the same way. 



Example 2: In the example referred to under Illustrations of 

 calculating creamery dividends (I b, 231), the figures for the 

 patrons Nos. 1, 2 and 3, would be as follows: 



239. Milk- and cream dividends^ When cream from 

 farm hand separators or ether sources is brought to a 

 factory receiving and skimming whole milk, the cream 

 patron's dividend should be calculated a little differ- 

 ently than that of the milk patron. 



In one case the dividend is based on the weight and 

 the test of cream and in the other on the weight and 

 the test of milk; the difference between the two being 

 represented by the fat left in the factory skim milk. 

 This skim milk fat is included in the milk patron's 

 dividend and consequently ought also to be allowed for 

 in calculating the amount due the cream patron. Such 



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