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Brown Cafe UPS Forum
UPS Union Issues
What "Strong" truly stands for
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<blockquote data-quote="Gimme Danger" data-source="post: 2125779" data-attributes="member: 61557"><p>Actually I do know the difference. Less insurance liability means less costs, and more ability to add cash to assets. Say you have an agent who has constant crashes and dui's, the insurance rates keeps on rising. Say you have agents with poor driving records, then insurance rates go up. </p><p>And besides, when you buy brand new cars, the book value is inflated. Depreciation is a bastard. </p><p>Less vehicles means taxes go down from having less vehicles registered. And less maintenence expenses.</p><p>More ability to add cash to assets. </p><p>Besides, the Local's debt (liabilities) was paid off. So previously you had inflated assets with real debt.</p><p>Which is better?</p><p>Happy Easter wide.</p></blockquote><p></p>
[QUOTE="Gimme Danger, post: 2125779, member: 61557"] Actually I do know the difference. Less insurance liability means less costs, and more ability to add cash to assets. Say you have an agent who has constant crashes and dui's, the insurance rates keeps on rising. Say you have agents with poor driving records, then insurance rates go up. And besides, when you buy brand new cars, the book value is inflated. Depreciation is a bastard. Less vehicles means taxes go down from having less vehicles registered. And less maintenence expenses. More ability to add cash to assets. Besides, the Local's debt (liabilities) was paid off. So previously you had inflated assets with real debt. Which is better? Happy Easter wide. [/QUOTE]
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