Latter-Day Problems
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In our eReader you can find the full English version of the book. Read Latter-Day Problems Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Latter-Day Problems
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The rate of capitalization was obtained by dividing the corporate net income by the aggregate value of corporate securities. The commercial valua- tion is a market estimate which takes into con- sideration the expectation of income arising from the use of the property and its strategic sig- nificance; the growth of the country; restrict- ive legislation; potential competition by rail and waterways, and investment demand. Since net earnings are directly dependent on rates, and the valuation depe...nds on net earnings, obvi- ously such a valuation could not be used as a means of deciding upon the rates charged. The proposals recently put forward reject commer- cial valuation because it includes sources of earnings from franchises, and not merely those from the capital invested in transportation. That is, this method of valuation is rejected because it does not conform to the assumption that a rail- bulletin 21, Department of Commerce and Labor, "Com- mercial Valuation of Railway Operating Property in the United States: 1904.
What to read after Latter-Day Problems?
You can find similar books in the "Read Also" column, or choose other free books by J Laurence James Laurence Laughlin to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The rate of capitalization was obtained by dividing the corporate net income by the aggregate value of corporate securities. The commercial valua- tion is a market estimate which takes into con- sideration the expectation of income arising from the use of the property and its strategic sig- nificance; the growth of the country; restrict- ive legislation; potential competition by rail and waterways, and investment demand. Since net earnings are directly dependent on rates, and the valuation depe...nds on net earnings, obvi- ously such a valuation could not be used as a means of deciding upon the rates charged. The proposals recently put forward reject commer- cial valuation because it includes sources of earnings from franchises, and not merely those from the capital invested in transportation. That is, this method of valuation is rejected because it does not conform to the assumption that a rail- bulletin 21, Department of Commerce and Labor, "Com- mercial Valuation of Railway Operating Property in the United States: 1904.
What to read after Latter-Day Problems?
You can find similar books in the "Read Also" column, or choose other free books by J Laurence James Laurence Laughlin to read onlineMoreLess
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