July, 1930J 



OPERATI^•G Costs of Grain Stores 



23 



Table 16 — Accoimts Receivable Turnover in Days, Reported by 89 Stores in 



State Survey of 1926 



Average Number of Days on Books 



Less than 10 



10— 2!). 09 



30—59.09 



Above 60 



Total 



Average number of days 



Number of Stores in Each Class 



14 

 37 

 25 

 13 



89 

 38.17 



Several stores had accounts on their books for 185 and 240 days. 



When nothing was allowed for cash, the average per cent of cash 

 sales for 15 stores was 41 per cent; when a discount of $.05 a bag 

 was made, 47 stores had an average of 53 per cent cash sales; and 

 likewise for $.10 and $.15 a bag the average respective cash sales 

 were 57 and 60 per cent. 



Monthly Statement 



As a general nde, no monthly statement was sent out from the 

 stores. Only 29 out of 122 stores mailed statements regularly to their 

 customers. Duplicate sales slips, one for the customer and the other 

 to be placed on file, were more commonly used showing the amount 

 carried forward and an itemized statement of the goods sold. There 

 were sections where the managers found they caused dissatisfaction 

 among their customers through sending statements. In other sections, 

 the trade has become accustomed to receiving a statement and often 



T.\BLE 17 — Distribution of Percentage Cash Sales According to Cash Discounts, 

 Reported by 83 Stores in State Survey of 1926 



