This fixed asset will give insight for Longhaul Carriers, owned by Jimmy Mavela. Longhaul Carriers is a transport company that transport goods between Durban and Johannesburg. The company has three heavy-duty trucks and employs three drivers who either work day or night shifts. This report will cover fair remuneration for drivers, working hours, maximise earnings, profitability and effective control for the future of Longhaul Carriers. Fair remuneration for drivers Calculations:Drivers remuneration per round trip x Average number of round trips made per week / Average number of hours each round trip takes | Truck 1:500 x 4 =R2000/15=R133.33 p/h | Truck 2:450 x 7=R3150/10=R315 p/h | Truck 3:550 x 6=R3300/13=R253.85 p/h | According …show more content…
I would advise Jimmy to sell his third truck and just work with the two trucks because this is just bringing a loss to Longhaul Carriers. Effective control for the future Fixed assets represent a large amount of funding so it is important to have controls in place to ensure they are used properly and for the purposes of the organisation. * Jimmy’s fixed assets should be correctly recorded, secured and properly maintained. * Acquisitions and disposals of fixed assets should be properly authorised. * Acquisitions and disposals of fixed assets should take place at the best price possible. * Fixed assets should be properly recorded, appropriately depreciated, and written down where necessary. * Annual capital expenditure budgets They should be prepared by someone directly responsible to the board. If acceptable, they should be agreed by the board and minuted. * Applications for authority to incur capital expenditure These should be submitted to the board for approval and should contain reasons for the expenditure and estimated cost. A document should show what is to be acquired, and be signed as authorised by the board or an authorised official. * Register of fixed assets A register of fixed assets should be maintained for each major group of assets.
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
I would love too go to Xavier High School’s HAP Program! I heard everyone is nice there and the faculty is great. The education is awesome and people are successful when they graduate. I would love to be part of that!
Which of the following should be included in the acquisition cost of a piece of
* Last truck arrived (1140min) – First truck arrived (411min) = 729min (=1140 - 411) → 729min/60 = 12.15hrs (Total receiving time)
There will be a number of documents that will need to be developed these will include;
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
this is done. The head teacher or another member of the senior management team will draw up the
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:
Each Truck takes 36 m3 / load with 128 m3 / hr to get 0.28 hr/load.
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.
Immigrants who have illegally come to the U.S.., and have criminal convictions are being released from detention by the U.S. because their native country refuses to allow them to come back. After prison, Immigrants with criminal convictions are sent to a detention, in which they have to spend six months if deportation is not available. Due to this situation, many people; advocates and lawmakers in particular are enraged. Advocates and lawmakers believe that the U.S. could do much more to pressure uncooperative countries that refuse to take back their citizens. However, there are several difficulties that prevent the U.S. from taking action. It is forbidden to keep immigrants in custody when they can’t be returned to their homeland, therefore
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.
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.
Due to high investment in fixed asset the firm also need a high amount of debt in order to cover its expenses so the smooth run of business.
The proposed document will include the following specific sections. This outline is tentative and may be adjusted in accord with new developments.