PROFIT Flashcards
1
Q
HOW TO CALCULATE IPC?
A
RATE X DAYS EARNED X DAYS IN MONTH
2
Q
WHAT GOES INTO NET OTHER?
A
EP + RAP (goal = £75)
3
Q
HOW TO CALC OP ON THE STATEMENT?
A
TOTAL REV - BREAK EVEN = OP
4
Q
HOW DO CALL BACKS AFFECT YOUR OP?
A
Doing call backs properly allows you to run your fleet more efficiently and run tighter because you know exactly whats coming back.
5
Q
DEFINE AN UNINSURED LOSS?
A
A loss that occurs outside of a rental contract (XX)
6
Q
WHAT 4 AREAS GO INTO MAKING UP AN UNINSURED LOSS?
A
3rd party liability, conversion + other, employee accident, undoc damage
