Current Financial Characteristics of CCI The motor carrier industry is highly regulated, resulting with high level of financial stability. Through government regulations, more specifically from the U.S Interstate Commerce Commission (ICC), Continental Carriers and others have received steady financial resource allocations and maintained steadily increasing profits with minimal fluctuations over the years. In addition, with the government’s tight entry control, the industry is able to create a
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time and companies of different sizes. Types of financial ratios: 1. Liquidity Ratios – the ability to meet the current period obligation, measures the ability to repay debt in the short run. Rule of thumb: the current ratio should be at least 2:1 (current ratio = current assets/ current liabilities, quick ratio = current assets – inventory/current liabilities, cash ratio = cash/current liabilities) 2. Profitability Ratios – return on sales shows the profit percentage for each dollar of sales, some
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Fundamentals of MIS 1. What is computer hardware? What are the different parts of hardware? Discuss. Answer: Computer hardware is the collection of physical elements that comprise a computer system. Computer hardware refers to the physical parts or components of computer such as monitor, keyboard, hard disk, mouse, etc. Refers to objects that we can actually touch, like disks, disk drives, display screens, keyboards, printers, boards, and chips. In contrast, software is untouchable. Software
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Property, Plant and Equipment Property, Plant and Equipment I- Nature of Accounting Issues Businesses purchase and use a variety of fixed assets, such as equipment, furniture, tools, machinery, buildings, and land. These fixed assets are long-term or relatively permanent assets. Also, they are tangible assets because they exist physically. They are owned and used by the business and are not offered for sale as part of normal operations. Perhaps the most descriptive titles these assets are
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AC 410B Intermediate Accounting II Final Exam Topics Chapter 11: Depreciation, Impairments, and Depletion Questions 1. Explain the meaning of depreciation. 2. Describe factors involved in the depreciation process. 3. Describe the different methods of depreciation. 4. Identify the conditions for impairment of fixed assets. 5. Explain the treatment of impairments for different kinds of assets. 6. Describe the full cost vs. successful efforts concepts for depletion
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first and then implement a Twitter strategy. By ‘listening’, or paying attention to their consumers who are ‘tweeting’ or other companies in their respective industries, companies can develop better marketing strategies for using Twitter to their advantage. * Listening to one negative comment versus gathering enough data – Companies who use Twitter as part of their marketing strategy should be ready to receive feedback from their consumers – both positive and negative. Companies shouldn’t be
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Coast4Life Cruises Memorandum To: Board of Directors From: Pat Brown, Controller Subject: Options for cost savings and revenue generation Date: November 30, 2012 Introduction Recent events in the cruise industry, specifically a terrorist attach on a cruise ship in the Caribbean, are expected to affect cruise travel negatively over the next year. Based on the effects of past terrorist attacks on the airline industry, overall bookings for cruises worldwide are expected to drop by 50%-55%
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make informed public choices as a citizen • To expand your mind Discuss and provide examples of the four basic financial decisions every household faces • Consumption and saving decisions: How much of their current wealth should the y spend on consumption and how much of their current income should they save for the future? • Investment decisions: How should they invest the money they have saved? • Financing decisions: When and how should households use other people’s money to implement their
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Introduction Historically, accounting and reporting standards in the United States have been set by the AICPA (American Institute of Certified Public Accounts) as laid out by the regulations set by the Securities and Exchange Commission (SEC). In 1973, the Financial Accounting Standards Board (FASB) was developed by the AICPA as a council for establishing standards for reporting for all United States companies. Under FASB, GAAP was reorganized into approximately 90 accounting standards offering concise
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make informed public choices as a citizen • To expand your mind Discuss and provide examples of the four basic financial decisions every household faces • Consumption and saving decisions: How much of their current wealth should the y spend on consumption and how much of their current income should they save for the future? • Investment decisions: How should they invest the money they have saved? • Financing decisions: When and how should households use other people’s money to implement their
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