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[[vertical annotation in left margin written in red]]
Dane Co [[/vertical annotation]]
conditions and prospects of [[red underline]] Dane Molding Co [[/red underline]]
Burroughs and Fuller had prepared a budget for further expenditures on machinery etc and wanted another [[red underline]] $20000 [[/red underline]] immediately
Thus far we have spent on this concern about [[red underline]] $130000 [[/red underline]] and prospects seem far from bright.
I summed up for them the situation aside from all details, tabulating money spent, fixed charges, overhead expenses, [[strikethrough]] amo [[/strikethrough]] etc. and showed them conclusively that [[red underline]] it will require at least $300000 yearly sales [[/red underline]] to face the fixed charges, before a cent is available for dividend, and that I doubt that even after new outlays the plant
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will be big enough to fill such an amount of orders.  Besides this another question is can they get such orders?
I was [[red underline]] considerably disgusted to find that after I had preached to them the folly of letting their customers be the proprietors [[/red underline]] of the molds, and after this measure had been discussed with May and Burroughs, [[red underline]] May had adopted a half [[/red underline]] measure which leaves it optional to the customer to claim the mold.
I furthermore saw some very [[red underline]] stupidly worded sales contracts [[/red underline]] which I shall have to rewrite
I feel [[red underline]] much disgusted at the [[/red underline]] turn things are taking and at the foolish and superficial recommendation of [[red underline]] May Swan & Rossi of purchasing the Dane Molding Co before [[/red underline]]