Railroad Securities; a Course of Study With References
Railroad Securities; a Course of Study With References
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What reading level is Railroad Securities; a Course of Study With References book?
To quickly assess the difficulty of the text, read a short excerpt:
84-219.
Adams, ''Railroad Accounting, pp. 86-108.
Character of Railroad Operating Expenses.
Railroad operating expenses do not fluctuate proportionately with the amount of traffic or of earnings. The character may vary as follows: 1. Some expenses (estimated at about one half of total) are fixed regardless of amount of business.
2. Some expenses vary directly hut not proportionately with the busmess.
3. Some expenses vary directly and pro^ portionately with the business. These constitute a smal...l part of the total operating costs.
Principal Subdivisions of Operating Ex- penses (Interstate Commerce Commission Classification): 1. Maintenance of way.
2. Maintenance of equipment.
3. Traffic.
4. Transportation.
5. General.
[61] Digitized by Google These aubdivisions may be grouped under: (a) maintenance expenses, h e., (i) and (2), and (b) other expenses, constituting the re- maining three subdivisions.
The basis of this classification is simple. Main- tenance can be increased, reduced, or deferred to a laree extent by the will of the manage- ment, whereas other operating costs are con- stantly recurrent and are not readily influenced by managerid policy.
What to read after Railroad Securities; a Course of Study With References?
You can find similar books in the "Read Also" column, or choose other free books by Investment Bankers Association of America to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
84-219.
Adams, ''Railroad Accounting, pp. 86-108.
Character of Railroad Operating Expenses.
Railroad operating expenses do not fluctuate proportionately with the amount of traffic or of earnings. The character may vary as follows: 1. Some expenses (estimated at about one half of total) are fixed regardless of amount of business.
2. Some expenses vary directly hut not proportionately with the busmess.
3. Some expenses vary directly and pro^ portionately with the business. These constitute a smal...l part of the total operating costs.
Principal Subdivisions of Operating Ex- penses (Interstate Commerce Commission Classification): 1. Maintenance of way.
2. Maintenance of equipment.
3. Traffic.
4. Transportation.
5. General.
[61] Digitized by Google These aubdivisions may be grouped under: (a) maintenance expenses, h e., (i) and (2), and (b) other expenses, constituting the re- maining three subdivisions.
The basis of this classification is simple. Main- tenance can be increased, reduced, or deferred to a laree extent by the will of the manage- ment, whereas other operating costs are con- stantly recurrent and are not readily influenced by managerid policy.
What to read after Railroad Securities; a Course of Study With References?
You can find similar books in the "Read Also" column, or choose other free books by Investment Bankers Association of America to read onlineMoreLess
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