Excerpt from Railroad Operations: How to Know Them; From a Study of the Accounts and Statistics
Mr. William Mahl, comptroller Of the Southern Pacific system, has tritely described statistics as the method of disciplining a property. This applies with equal force whether from the standpoint of the man ager, the investor, or the public.
In this contribution to the general subject, the effort has been to work out some of the principles on which railway statistics rest, show how they should be used for practical results, and point out fallacies to be avoided. Exact figures, because of the special condi tion which are necessary to explain them, have been carefully avoided.
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Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book provides guidelines for interpreting the financial health of a railroad and for reducing expenses to ensure the continuation of operations. It can help both investors and the public evaluate the performance of a railroad, particularly in the context of interpreting financial statements. The author draws on experience to provide practical advice. One of the key ideas presented is that there is no direct correlation between earnings and expenses, so each should be examined separately to gain a truer financial picture of the railroad. It is also essential to break down the types of expenses and their relationship to the railroadâs activities and operating systems. This book includes a multitude of charts and tables to illustrate these points, and it contains examples of real-life scenarios demonstrating the application of these principles and how they can positively impact business outcomes. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781331917045_0
Quantity: Over 20 available
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331917045
Quantity: 15 available
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331917045
Quantity: 15 available