Fixed assets are assets that will be held or used over a period longer than one year. Companies typically have land, equipment, and buildings as their fixed assets. The account is usually called property, plant, and equipment or PP&E.
Present as either a single-step or multiple-step format. Expenditures are presented by function. SEC registrants should follow SEC regulations.
Rod is employed as an auditor by a CPA firm. On most days, he commutes by auto from his home to the office (18 miles round trip). During one month, however, he has an extensive audit assignment closer to home. For this
1. Use the table below to describe the main principles, policies and procedures of your chosen organisation. You should also include details of documentation used to support these principles, policies and procedures.
2. If a car rental company charges $100 for each rental, a dollars per mile, and b dollars per hour, which of the following represents the total cost to rent a car for 6 hours and travel 250 miles? 100 + 250a + 6b
AM Trucking is a trucking company that provides a range of hauling services specializing in rock and production water hauling. The main service provided by this trucking company will be hauling foundation rock for a rock crushing company and delivering it to oilfield production pads and roads. Additional services will include occasionally providing a heavy equipment towing from multiple Oil companies land leases.
* Last truck arrived (1140min) – First truck arrived (411min) = 729min (=1140 - 411) → 729min/60 = 12.15hrs (Total receiving time)
A more efficient way to determine the total cost of drivers would be for Sam to use plow hours as a cost driver, and plug his average base wage rate and budgeted hours into this equation:
Clowning is an everyday thing in the life of a freight hauler. Most of it, in my opinion, comes from drivers harrassing/teasing other drivers for a variety of reasons. Some of these reasons are: the name of the company where a given driver works, something a driver did or said, the color of his truck, or whatever. This type of activity can even come from discussions about who is better, a company driver or an owner-operator. Both terms are self-explanatory, but simply put, a company driver works for the company where the driver is employed. An owner-operator, a.k.a. an independent, either works at the company for themselves or a private individual who owns the truck and leases it to the company.
There will be a number of documents that will need to be developed these will include;
Information about competitive transportation services will be gathered. Questionnaires will be distributed to students and faculty of Kent State University in order to gather customer insight. Also, a financial consulting firm will be hired to provide professional assistance.
1.0 INTRODUCTION Asset management is a concept that companies use to ascertain the value of their assets. It provides a quick measure of the worthiness of the organization and so becomes easier for organizations to prepare their final accounts as they are able to quickly estimate the value of their assets. Well managed organizations are required to perform regular fixed asset audits. Tracking and managing corporate assets and equipment is a challenge to most organizations especially when there is a large volume of assets or when those assets move frequently between departments or multiple branches. However in today‟s regulatory environment, it has become more important than ever for companies to