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Full-Text Articles in Accounting
Pendleton Family - Account Books (Mss 649), Manuscripts & Folklife Archives
Pendleton Family - Account Books (Mss 649), Manuscripts & Folklife Archives
MSS Finding Aids
Finding aid only for Manuscripts Collection 649. Five account books for a grist mill and saw mill located in East Fork, Metcalfe County, Kentucky, as well as logging operations. The account books list wages paid for daily work as well as for piece work (handles). Employees were sometimes paid in cash, but most of the wages were paid in flour, mill, or other general store goods. Some of the accounts are for customers, not employees.
Present Net Worth And Internal Rate Of Return: A Note On Equivalence In Use, K. A. Blatner, Steven H. Bullard
Present Net Worth And Internal Rate Of Return: A Note On Equivalence In Use, K. A. Blatner, Steven H. Bullard
Faculty Publications
Present net worth and internal rate of return are frequently used for ranking investment alternatives. The relative merits and limitations of the two criteria are discussed at length in numerous journal articles and texts. For analysts wishing to present consistent project comparisons, the issue is not which criterion is superior, but when are they equivalent. In this article, conditions for equivalence in use are outlined under alternative assumptions. Although the conditions appear complex, they are not unduly restrictive.