Bridget Youhzi works for a large firm. Her alma mater has asked her to make a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Bridget Youhzi works for a large firm. Her alma mater has asked her to make a presentation to the upcoming accounting honor society's annual scholarship dinner. Her firm supports the presentation because it hopes to recruit more excellent employees like Bridget. The university is 200 miles from her office. In order to get to the dinner by 5:00 p.m., she will need to leave work at 1:00 p.m. She can drive her personal car and be reimbursed $0.50 per mile. The dinner ends at 9:00 p.m. Company policy allows her to spend the night if the return trip is four hours or more. There is a student-run inn and conference center across the street from campus that charges $101 per night. Instead of driving, she could catch a 3:00 p.m. flight that has a round-trip fare of $310. Flying would require her to rent a car for $38 per day and pay an airport parking fee of $26 for the day. The company pays a per diem of $36 for incidentals if the employee spends at least six hours out of town. (The per diem would be for one 24-hour period for either flying or driving.) As a manager, Bridget is responsible for recruiting within a budget and wants to determine which is more economical. Use the information provided to answer these questions. A. What is the total amount of expenses Bridget would include on her expense report if she drives? X B. What is the total amount of expenses she would include on her expense report if she flies? C. What is the relevant cost of driving? D. What is the relevant cost of flying? E. What is the differential cost of flying over driving? F. What other factors should Bridget consider in her decision between driving and flying? a. Driving allows her more flexibility to change the schedule at the last minute. b. Eight hours of driving time might be put toward another work-related project. c. Flying would still require getting to the airport about 1:30 or 2:00 p.m. to park and check in. d. All of the above answers are correct. U Bridget Youhzi works for a large firm. Her alma mater has asked her to make a presentation to the upcoming accounting honor society's annual scholarship dinner. Her firm supports the presentation because it hopes to recruit more excellent employees like Bridget. The university is 200 miles from her office. In order to get to the dinner by 5:00 p.m., she will need to leave work at 1:00 p.m. She can drive her personal car and be reimbursed $0.50 per mile. The dinner ends at 9:00 p.m. Company policy allows her to spend the night if the return trip is four hours or more. There is a student-run inn and conference center across the street from campus that charges $101 per night. Instead of driving, she could catch a 3:00 p.m. flight that has a round-trip fare of $310. Flying would require her to rent a car for $38 per day and pay an airport parking fee of $26 for the day. The company pays a per diem of $36 for incidentals if the employee spends at least six hours out of town. (The per diem would be for one 24-hour period for either flying or driving.) As a manager, Bridget is responsible for recruiting within a budget and wants to determine which is more economical. Use the information provided to answer these questions. A. What is the total amount of expenses Bridget would include on her expense report if she drives? X B. What is the total amount of expenses she would include on her expense report if she flies? C. What is the relevant cost of driving? D. What is the relevant cost of flying? E. What is the differential cost of flying over driving? F. What other factors should Bridget consider in her decision between driving and flying? a. Driving allows her more flexibility to change the schedule at the last minute. b. Eight hours of driving time might be put toward another work-related project. c. Flying would still require getting to the airport about 1:30 or 2:00 p.m. to park and check in. d. All of the above answers are correct. U
Expert Answer:
Related Book For
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
Posted Date:
Students also viewed these accounting questions
-
When firms allocate service department costs to production departments, why would they first accumulate these costs at the service department level rather than assigning them directly to production...
-
Below is a modified balance sheet of the 1st Bank of Yuma. millions of dollars Assets Reserves Loans Short-term loans to businesses Real Estate Loans Federal Funds lent Securities Other Liabilities +...
-
Most companies allocate service department costs to user departments and ultimately the products and services they provide. Do you agree or disagree? Identify some of the challenges or disadvantages...
-
Someone offered the investment options to Hendry on January 1, 2023: 1. Hendry has to save up to 5 times the initial deposit of US $ 150,000/year. 2. The savings cannot be taken for 20 years until...
-
If a market has few barriers to entry and many firms, how might firms still have positive economic profit? Describe a strategy a firm in this type of market might use to maintain economic profits.
-
Ten items that may or may not be involved in the bank reconciliation process for April are listed in the table shown below: Instructions Complete the table shown above, identifying where each item...
-
The rectangular wooden column can be considered fixed at its base and pinned at its top. Also, the column is braced at its mid height against the weak axis. Determine the maximum eccentric force...
-
(Multiple Choice) 1. What is the best source of income for a corporation? a. Prior-period adjustments b. Continuing operations c. Discontinued operations d. Extraordinary items 2. Leslies Lotion...
-
Describe how you believe trauma-informed leadership will develop in three to five paragraphs. Do you think companies in all sectors are obligated to treat workplace trauma? Should employers be held...
-
Based on the two tables and the attributes below, write SQL commands for each question to retrieve the data from the database. tblSales InvoiceNumber InvoiceDate CustomerNumber Sales OrderNumber...
-
Giant Inc. has $350 million of bonds at par value outstanding. The bonds have a coupon rate of 7.5% and a yield to maturity of 6.5%. They currently trade in the market at 110% of par value. The...
-
The definition, " ' Chiropractor ' means a person who is a medical quack with no legitimate scientific background," is an example of: Theoretical definition Definition by subclass Persuasive...
-
Write one page about pipelining in smartphones that support Android operating systems. (10 marks)
-
The correct syntax of the re . sub ( ) function is re . sub ( string , replacement, pattern ) re . sub ( pattern , string, replacement ) re . sub ( replacement , pattern, string ) re . sub ( pattern...
-
A hiker and his dog have discovered a skeleton hidden deep in the woods. The medical examiner has identified this skeleton as female. What characteristics of the skeleton would help the examiner make...
-
4. In doubly linked lists, traversal can be performed?4 a) Only in forward direction b) Only in reverse direction c) In both directions d) None
-
We expect that a bond yield will shortly drop by 0 , 2 5 % . The bond sensitivity is 5 % , the YTM is 4 , 2 5 % and its dirty price 9 8 % . How much ( SAR ) we should pay for the investment (...
-
A consumer magazine is evaluating five brands of trash compactors for their effectiveness in reducing the volume of typical household products that are discarded. In the experiment, each block...
-
In measuring the cost of capital, management often measures the cost of the individual equities. A firm has no contractual obligation to pay anything to common shareholders. How can the capital they...
-
A proper evaluation of any project using differential analysis requires the consideration of all relevant costspast, present, and future. Comment.
-
Here are facts about inventory costs for Hidden Peepers, a company that sells fashion sunglasses in malls and airports: Differential Costs per Order...
-
Show from combination of the equation for current and the flux expression that the conductivity of an electrolyte solution is given by \[\kappa=\frac{F^{2}}{R_{\mathrm{G}} T} \sum_{i}^{N} D_{i}...
-
Verify by inputting the various constants that \(R_{\mathrm{G}} T / F\) is equal to \(k_{\mathrm{B}} T / e\).
-
When there is a concentration gradient in the system, show that the potential gradient is composed of two terms, (i) an Ohm's-law contribution and (ii) a diffusional contribution. State the equation...
Study smarter with the SolutionInn App