518 



BUSINESS MANAGEMENT 



reduction in value is shown this decrease must of necessity be 

 charged as a loss, while if an increase is apparent, it registers as a 

 gain or profit. 



Different Uses of Land. The distribution of farm areas should 

 next be listed in somewhat the following manner : 

 Distribution of Farm Area. 



Total area . . 



Total value $ 



The total area and value give the necessary information to fill 

 out item number one under the inventory. When possible, a care- 

 fully drawn farm map of the farm being surveyed should be made 

 up, and used in checking inventory values, crop yields, production, 

 etc. Such a map is of inestimable value in planning ahead for the 

 year's work. (See page 520 for such a map.) 



Cost of Operation. We should record the operating charges. 

 This group of facts can only be accurately ascertained when com- 

 plete accounts are kept throughout the year so that they can be 

 actually totalled and classified according to the items in the fol- 

 lowing table: 



Operating Charges. 



Taxes 



Feed purchased 



Seed purchased 



Fertilizer purchased 



Labor 



Fuel 



Express and freight 



Cases and cartons 



Team labor 



Stock purchased 



Eggs purchased 



Advertising 



Supplies 



Incidentals 



Depreciation, repairs and insurance 



on buildings, at 5 per cent 



Depreciation on team and tools, at 



10 per cent 



No. men 



Wages f 



Total operating charges 



