Cpc Flashcards
Working time max working week
48 hours
Factors determining VED
Gross vehicle weight, Number of axles, additional duty on rigid vehicles over 12T carrying trailers over 4T
Documents required for first licence for a goods vehicle
V55, Fee and COC
What documents are required for taking vehicles abroad
UK Plate, V5C, V379 if V5C not available & V103 for hire vehicle
What information can CANbus give you?
Fuel economy, use of gears and clutch, revving, harsh breaking
Documents used in Commercial transaction
Estimate- costing, Quotation- detailed price and terms of business, Order- communication from customer confirming and Invoice- document showing what’s owed
What is carriage paid?
Transport cost paid by sender
What is carriage forward
Transport paid by receiver of goods
Health and safety improvement notices time scale
21 days to implement changes
Essentials of a contract
Offer, acceptance, consideration (benefit), capacity, intention, legality and formalities
Winding up - members voluntary
Company must be solvent, shareholders control the process
Winding up- creditors voluntary
Company cannot pay debts, creditors control
Winding up - compulsory
Courts control the process
Long term source of funds
Shares, revenue, debentures and long term loans
Short term source of funds
Creditors, overdrafts, short term loans and tax due
Current assets
Stock, debtors and cash
Current liabilities
Creditors, tax due, overdraft and short term loans
How to work out working capital
Current assets - current liabilities
Current Working capital ratio
Current assets divided by current liabilities:1
Acid test ratio
Current assets without stock divided by current liabilities :1
Total capital employed
Total assets - current liabilites
Return on capital employed percentage
Net profit before tax divided by capital employed x 100
When is corporation tax paid
No later than 9 months
When do employers need to pay HMRC
19th each month by cheque OR by 22nd of next month if paid monthly