GP42 MQI
When does the fiscal year start and end? – answer Aug 1 through July 31
What is direct cost? - answer Anything that keeps cars on the road.
Tax, Tags, Insurance, Gas, Maintenance
What is included in branch overhead? – answer SPUR
Supplies (janitorial and car cleaning), Phones, Utility, Rent
What is a consolidated collector? - answer The branch that is assigned to the account
collects payment
What is an owner collector? - answer The branch that wrote the ticket.
If the cashbox is off by how much money, you should notify your area manager? -
answer$20
What is the cash box procedure? - answerOpen CB, check interim CB, count and verify
amounts, close CB
What is VLF and how much is it? - answerVehicle licensing fee. 66¢/day.
What is a chargeback? - answerDisputed charge
How can a chargeback be avoided? - answerProper underwriting
What is it called when we lose a chargeback? - answerBackcharge
What is personnel expense? - answerPaying employees
What is included in operating expense? - answerBOATER
Bad debt, OX's, Advertising, T&E, ESQI (customer satisfaction), Referral expense (ex:
allegiant for referrals such as bundling airline and car)
What is included in group overhead? - answerBuilding and personnel
How do you calculate break even? - answerTotal of all expenses
How do you calculate operating profit? - answer(Total profit) - (breakeven) = OP
What is vehicle adjustment? - answerSale gain on sold units
, How do you calculate net profit? - answer(Operating profit) + (Vehicle adjustment) = NP
Where is Lee's salary expenses? - answerGroup overhead
What are 4 ways to increase operating profit? - answerPUGS
Proper trunk to trunk, Underwriting, Grow fleet by marketing, Sell protections and
upgrades
What is IPC? - answerIncome per car
How do you calculate DROP? - answer[(Days of the month) (rate) (occupancy/days
earned percentage)] + Package 'net other'
When do we renew our vehicle tags each year? - answerJune (cars, can be put on any
car) December (truck, unit specific)
What does RBV stand for? - answerResidual book value
How can you increase inventory adjustment? - answer1. work pull lists agressively
2. maintain cars properly
3. fix cars immediately, not when activated
4. no damage once activated
In how many days should a pulled car be grounded? - answer2
What percentage does ERAC depreciate their vehicles at? - answer1.7%
Approximately how much do we spend on depreciation per month? - answer$340 (+/-
$20-$30)
How much do we spend on interest per month for our vehicles? - answer$40
How much does one point of occupancy change your IPC? - answer$9
Who is the largest single company that purchases our cars? - answerEnterprise Car
Sales
If enterprise buys a car for $20,000 and we depreciate at 1.7% and keep the car for 10
months, what is the RBV? - answer1.7% = $340/month. ($340)(10 months) = $3,400.
$20,000-$3,400=$16,600
What is washout? - answerTrue depreciation of unit.
[(Purchase price - sales price) / months in service)] / purchase price
When does the fiscal year start and end? – answer Aug 1 through July 31
What is direct cost? - answer Anything that keeps cars on the road.
Tax, Tags, Insurance, Gas, Maintenance
What is included in branch overhead? – answer SPUR
Supplies (janitorial and car cleaning), Phones, Utility, Rent
What is a consolidated collector? - answer The branch that is assigned to the account
collects payment
What is an owner collector? - answer The branch that wrote the ticket.
If the cashbox is off by how much money, you should notify your area manager? -
answer$20
What is the cash box procedure? - answerOpen CB, check interim CB, count and verify
amounts, close CB
What is VLF and how much is it? - answerVehicle licensing fee. 66¢/day.
What is a chargeback? - answerDisputed charge
How can a chargeback be avoided? - answerProper underwriting
What is it called when we lose a chargeback? - answerBackcharge
What is personnel expense? - answerPaying employees
What is included in operating expense? - answerBOATER
Bad debt, OX's, Advertising, T&E, ESQI (customer satisfaction), Referral expense (ex:
allegiant for referrals such as bundling airline and car)
What is included in group overhead? - answerBuilding and personnel
How do you calculate break even? - answerTotal of all expenses
How do you calculate operating profit? - answer(Total profit) - (breakeven) = OP
What is vehicle adjustment? - answerSale gain on sold units
, How do you calculate net profit? - answer(Operating profit) + (Vehicle adjustment) = NP
Where is Lee's salary expenses? - answerGroup overhead
What are 4 ways to increase operating profit? - answerPUGS
Proper trunk to trunk, Underwriting, Grow fleet by marketing, Sell protections and
upgrades
What is IPC? - answerIncome per car
How do you calculate DROP? - answer[(Days of the month) (rate) (occupancy/days
earned percentage)] + Package 'net other'
When do we renew our vehicle tags each year? - answerJune (cars, can be put on any
car) December (truck, unit specific)
What does RBV stand for? - answerResidual book value
How can you increase inventory adjustment? - answer1. work pull lists agressively
2. maintain cars properly
3. fix cars immediately, not when activated
4. no damage once activated
In how many days should a pulled car be grounded? - answer2
What percentage does ERAC depreciate their vehicles at? - answer1.7%
Approximately how much do we spend on depreciation per month? - answer$340 (+/-
$20-$30)
How much do we spend on interest per month for our vehicles? - answer$40
How much does one point of occupancy change your IPC? - answer$9
Who is the largest single company that purchases our cars? - answerEnterprise Car
Sales
If enterprise buys a car for $20,000 and we depreciate at 1.7% and keep the car for 10
months, what is the RBV? - answer1.7% = $340/month. ($340)(10 months) = $3,400.
$20,000-$3,400=$16,600
What is washout? - answerTrue depreciation of unit.
[(Purchase price - sales price) / months in service)] / purchase price
