Enterprise Stage 2 Certification || 100% Errorless Solutions.
Days Earned % correct answers % of days vehicles earn income
Days Earned % Formula correct answers avg days earned/avg units in fleet
C&I correct answers the revenue you bring from renting your fleet
C&I Formula correct answers avg daily rate x DE% x days in the month
Net Other correct answers income from protection products
Total Revenue (IPC) Formula correct answers C&I + Net Other
Gross Costs correct answers sum of all costs associated with owning and operating a vehicle
Operating Expenses correct answers sum total of all costs associated with running a
business/branch
Breakeven correct answers the sum of all costs and expenses; the number you need to surpass in
order to be profitable
Breakeven Formula correct answers total revenue - all costs/exp
Vehicle Adj (IA) correct answers revenue generated from the sale of fleet vehicles; one of the
biggest revenue generators; final profit from the flip after adding sales price and fees
Net Profit Formula correct answers OP + IA
# of Units correct answers average fleet size
Ext Maintenance correct answers expenses of vehicle maintenance from local body shops
(preventative and non-preventive)
Int Maintenance correct answers expenses of using internal Enterprise service centers to maintain
vehicles
Depreciation correct answers the corporate-set rate for depreciating vehicle value is 1.7%
Tax & Lic correct answers expense for plates, tags, taxes; we collect VLF to help offset it
DR Liability correct answers 3rd party liability claims due to on rent vehicle losses
How is DR Liability expensed? correct answers over a 3 year rolling avg
Days Earned % correct answers % of days vehicles earn income
Days Earned % Formula correct answers avg days earned/avg units in fleet
C&I correct answers the revenue you bring from renting your fleet
C&I Formula correct answers avg daily rate x DE% x days in the month
Net Other correct answers income from protection products
Total Revenue (IPC) Formula correct answers C&I + Net Other
Gross Costs correct answers sum of all costs associated with owning and operating a vehicle
Operating Expenses correct answers sum total of all costs associated with running a
business/branch
Breakeven correct answers the sum of all costs and expenses; the number you need to surpass in
order to be profitable
Breakeven Formula correct answers total revenue - all costs/exp
Vehicle Adj (IA) correct answers revenue generated from the sale of fleet vehicles; one of the
biggest revenue generators; final profit from the flip after adding sales price and fees
Net Profit Formula correct answers OP + IA
# of Units correct answers average fleet size
Ext Maintenance correct answers expenses of vehicle maintenance from local body shops
(preventative and non-preventive)
Int Maintenance correct answers expenses of using internal Enterprise service centers to maintain
vehicles
Depreciation correct answers the corporate-set rate for depreciating vehicle value is 1.7%
Tax & Lic correct answers expense for plates, tags, taxes; we collect VLF to help offset it
DR Liability correct answers 3rd party liability claims due to on rent vehicle losses
How is DR Liability expensed? correct answers over a 3 year rolling avg
