cost of the safety devices is approximately $1195 per truck. The Plaintiff‚ BBT‚ alone owns 89 trucks in its fleet. The regulation like this would impose a significant financial burden on the company like BBT as well as would put a hindrance on the trucking industry
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other forms of financing the costs to acquire the trucks‚ and the company will have more flexibility financially because they won’t have to necessarily take on ownership of the trucks. There are a few different type of lease structures that the trucking company will have to decide between based on their needs. Sales-type and direct finance leases are both forms of capital leases. At the time of inception‚ if a lease is to be classified as a capital lease‚ the ownership of property must be transferred
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AIM 6330 Topics to know for Exam I Chapter 1 – Environment and Theoretical Structure of Financial Accounting • Know the basic objectives financial reporting and the basic elements of financial statement • Know the fundamental and enhancing qualitative characteristics of accounting information. • Know the assumptions‚ principles and constraints of accounting information and be able to identify when each is being illustrated in specific accounting contexts. Chapter
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......5 Reconciling the Physical Inventory ..................................................................6 Appendix ..........................................................................................................8 A: Sample Inventory Tag ..........................................................................8 B: Sample Instructions for a Physical Inventory ........................................9 C: Sample Inventory Reconciliation ...............................................
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Finance 460 Buy/Sell Case Study Santa Clara Wealth Management (SCWM) has agreed in principal to be sold to Anne and Barry‚ two recent graduates of the MBA program at SCU. Anne has a strong background in business development and will lead the firm’s efforts in recruiting new clients and managing client relationships. Barry will be focused on internal operations including investment strategy‚ vendor relations‚ and other operations-related matters such as HR‚ Finance and Accounting‚ and Compliance
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millions of dollars an investigation was started. A vendor scheme is a company that was created to pay vendor invoices for which it receives nothing in return. Based on evidence found Tri-State Trucking was identified as a shell company. A shell company is a fictitious vendor scheme. Tri-State Trucking was owned by Bill Carter‚ a former employee‚ and Mike Smith‚ a current employee who took over Bill Carter’s position. The fraud triangle is helpful in explaining motivation for employees to defraud
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truck driver offer. One main reason why there is a shortage in truck drivers is the age range. The average age of a truck driver is 49 and historically it’s always been difficult to attract the younger generations to the trucking business. Women have also refrained from the trucking world. Only 5.8% of the drivers are female (TDSA 2015 1). Other factors that play into why there’s a truck driver shortage include: the government’s regulation
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CHAPTER 1 INTRODUCTION Background of the Study Computers have the great impact on the profession of accounting. With the rapid growth of technology today‚ there is no doubt that computer will become a common asset in all profession. As computer technology changes at such fast phase‚ many businesses sectors try to cope up by upgrading computer system constantly in order to stay competitive. The multi-function ability of technology for its advance system is also an important factor for a company
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Powell Logistics Inc. Executive Summary Powell Logistics Inc has been in the trucking business for over 50 years. The president and founder‚ John Powell finds himself in a dilemma as he has a difficult decision to make. This dilemma relates to making the right strategic choice for future of the company he started and grew. With the major changes happening in the trucking industry he wondered whether it was time to expand the business and simplify operations or to step down as president and pass
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At the request of the Huffman Trucking Maintenance Department‚ Smith Consulting developed entities and attributes for their Fleet Trucking Maintenance database. Unfortunately‚ the creator of the database was not available and the development of the database system was not able to be completed. D Team realizes that the development of a reliable database system is needed to provide for the tracking of scheduled and unscheduled maintenance for their fleet. Therefore‚ a database along with forms‚ tables
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