LIABILITIES
POLICY
TOYOTA
ACRONYMS
SONIC HISTORY
100
This account represents the amount due for products and services included in the sale of a new vehicle that is owed to the customer
What is account 3021 (We Owes)
100
What percentage is a New vehicle written down at 365 days
What is 2%
100
The current slogan for Toyota is this
What is Let's Go Places
100
CSI
What is customer satisfaction index
100
In 1997 this event changed Sonic Automotive
What is the year Sonic went public
200
This account represents the total amount due for factory service contracts sold
What is account 3004
200
The total amount of this cannot exceed $300
What is Employee charge
200
These are the Toyota Distributors in the US
Who are Toyota Motor Sales, Southeast Toyota, and Gulf States Toyota
200
SONIC
What is Sales Opportunity New in Concept
200
Bruton Smith was inducted into this Hall of Fame on January 23, 2016
What is Nascar Hall of Fame
300
This account represents the amount due to the state for unclaimed amounts owed to a customer, vendors, or past employees
What is account 3051 (unclaimed/abandoned property)
300
Must be reconciled on a daily and monthly basis
What is bank
300
This is our monthly Market Share goal
What is 15.5%
300
SOX
What is Sorbanes-Oxley
300
Scott, Marcus, and David
Who are Bruton's sons
400
This account represents the amount of vacation pay earned but not paid based off the Sonic vacation template
What is account 3129 (vacation accrual)
400
The RC must approve a write off of this type no matter how much it is
What is Employee Receivable
400
The first year the Prius was produced
What is 1997
400
ELR
What is Effective Labor Rate
400
This charity was founded by Bruton Smith
What is Speedway Charities
500
These liability accounts carry the largest balance of all liability accounts
What is floorplan payables- 3300-33307
500
This can never be done at the dealership level
What is sign contracts
500
This is responsible for supporting Toyota's racing interests around the world
What is TRD (Toyota Racing Development)
500
MOR
What is Monthly Operating Review
500
Bruton Smith's first name
What is Ollen
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