DocumentCode :
1310167
Title :
Discussion on “the multiplex cost and rate system” (Goldman), Portland, Ore., January 5, 1915. (see proceedings for May, 1915)
Volume :
34
Issue :
11
fYear :
1915
Firstpage :
2662
Lastpage :
2665
Abstract :
Julian Loebenstein (by letter): Mr. Goldman discusses what he calls growth factor. Just what does he mean by that term? It seems that since he increases the fixed charges in order to take care of future growth, he expects to make extensions from earnings. This has been done in the past, but will the public service commissions permit it in the future? In other words, according to modern practise, extensions should be made from capital, not from earnings. Of course, if the company is in a position to pay a fair dividend but prefers to invest the dividend moneys in extensions, capitalizing those expenditures, no commission would find fault; but it is far from likely that two charges will be allowed as part of the rate, one to take care of future extensions and another allowed, in itself large enough to yield a fair dividend.
Keywords :
Aggregates; Companies; Employment; Machinery; Manufacturing; Multiplexing;
fLanguage :
English
Journal_Title :
American Institute of Electrical Engineers, Proceedings of the
Publisher :
ieee
ISSN :
0097-2444
Type :
jour
DOI :
10.1109/PAIEE.1915.6590499
Filename :
6590499
Link To Document :
بازگشت