 | The Cavalier daily Monday, December 14, 1970 |  |
University Of Michigan Study Reveals
Most Student Bookstores Make Profit
(In 1967, the University of Michigan
completed a study on student run bookstores
and their operation in the Midwest Area. The
chart below is the result of those studies.
—Ed.)
| Western Michigan University |
Central Michigan University |
Wayne State University |
Eastern Michigan University |
Northwestern University |
U. of Wisconsin |
U. of Illinois |
|
| A. Who owns bookstore? | WMU | CMU | WSU | EMU | NU | Common Law nonstock trust |
UIll. |
| B. To whom does the manager report? | Dir of Aux Enterprises |
Dir of Aux Enterprises |
V-P Bus. & Bus |
Dir of Aux Enterprises |
Manager Chi campus |
Bd of Trustees | Union Director |
| C. Are there are faculty or student advisory groups? |
no | no | no | Council of fac, stud, alum |
no | Trustees: fac, stud, alum |
Advisory Board |
| SERVICES | |||||||
| A. Average price of texts | list price | list price | 10% | list price | list price | list price | list price |
| B. Special student discounts? | no | no | no | no | no | 5% rebate | $ 4% |
| Academic staff discounts? | 10% | 10% | 10% | yes | 10% | 10% | |
| C. Annual volume in textbooks | $850,000 | $379,000 | $1.5 mil | $700,000 | $175,000 | $2.3 mil | $1.7 mil |
| Annual volume in other items | $689,000 | $171,000 | $350,000 | $440,000 | $45,000 | $1.1 mil | $465,000 |
| OPERATIONS | |||||||
| A. Average inventory in textbooks | $239,000 | $112,000 | $300,000 | $194,000 | $100,000 | $485,000 | $346,000 |
| Average inventory in other items | $236,000 | $96,000 | $130,000 | $79,040 | $6,000 | $169,000 | |
| B. To what extent self-supporting | 100% | 100% | almost | 100% | 100% | 100% | almost 100% |
| Direct or indirect subsidies | $1,400 for post office |
Part of stud. centers |
Free rent, some util |
Part of stud. centers |
None | None | Check printing |
| C. Profit for past 5 years? | Yes (9%) | Yes | Yes | Yes | Yes | Yes | Yes |
| What used for? | Scholarships | Debts | New store | Operate bldg | Replacement | Rebates | Union fund |
| D. Collect and pay state sales tax? | gen merch | non-req items | non-requ | non-educ | yes | Yes | Yes |
| E. Size of bookstore for selling space | 11,000 ft | 7,248 ft | 6,450 ft | 8,000 ft | 3,200 ft | 16,000 ft | 6,600 ft |
| For storage space | 6,000 ft | 3,100 ft | 11,000 ft | 3,000 fact | 800 ft | 10,000 ft | 6,500 ft |
| HISTORY | |||||||
| A. When founded? | 1913 | 1960 | 1920 | 1950 | 1940 | 1892 | 1940's |
| B. Private bookstores when founded? | 0 | 1 | 0 | 1 | 0 | ||
| C. Private bookstores in 1965 | 1 | 1 | 1 | 2 | 1 | 3 | |
| ENROLLMENT | 13,800 | 1700 | 14,000 | 5000 | 5800 | 20,000 (Madison) |
19,000 |
| The Cavalier daily Monday, December 14, 1970 | |