CALCULATING DIVIDENDS 295 
FACTORY DIVIDENDS. 
The different steps in calculating dividends at cheese 
factories are as follows: First find the total butterfat 
delivered by all the patrons. Let us suppose that during 
the first week of April Patron A delivered 700 pounds of 
milk testing 3.6% fat. 7.00X3.6—=25.2=number of 
pounds of fat in the 700 pounds of A’s milk. Let us 
suppose that during the same period Patron B delivered 
36.5 pounds of fat and Patron C 42 pounds. ‘The total 
fat furnished by the three patrons is 25.2+36.5-+42. or 
103.7 pounds. 
Having found the number of pounds of fat delivered, 
next find the net amount of money due the patrons. By 
referring to the sales book we find that the 103.7 pounds 
of fat made 270 pounds of cheese, which was sold at 18 
cents per pound. 270$.18=$48.60, the total money re- 
ceived for the 270 pounds of cheese. We will suppose 
that 134c was charged for making. The total charge 
for making would be 270134c, or $4.72. Subtracting 
this from the total money, we have $43.88, which is the 
net money due the patrons. 
Next find the price per pound of fat by dividing the 
total net money by the total pounds of fat, thus: $43.88 
-+-103.7—=$.4231==price per pound of fat. 
Now we find each patron’s share of the money by mul- 
tiplying his fat by the price per pound of fat. Thus: 
A’s money=25.2X$.4231=$10.66 
B’s money==36.5X .4231= 15.44 
C’s money==42.0X .4231= 17.77 
