Derek Dingler conducts corporate training seminars on managerial accounting techniques all around the country. Ar upcoming training seminar is to be held in Philadelphia. Just prior to that engagement, Derek will be in New York City. He plans to stay in Philadelphia the night of the seminar, as the next morning he plans to meet with clients about future training seminar possibilities. One travel option is to fly from New York to Philadelphia on the first flight on Friday morning, which will get him to Philadelphia two hours before the start of his seminar. The cost of that flight is $287. Uber fees for his time in Philadelphia will cost $68. His meal per diem is $40 for each full day and $25 for each half day. The hotel cost is $225 per night. His second option is to rent a ca and drive the two hours to Philadelphia from New York City the afternoon before the seminar. The cost of the rental car including gas is $57 per day and the car will be needed for two full days. At the end of the meetings he will return to New York City. What are the relevant revenues that Derek Dingler has to consider in making the decision whether to fly or drive from New York City to Philadelphia? airfare O car rental OUber □ one night of hotel O one-half day of per diem None of these
Derek Dingler conducts corporate training seminars on managerial accounting techniques all around the country. Ar upcoming training seminar is to be held in Philadelphia. Just prior to that engagement, Derek will be in New York City. He plans to stay in Philadelphia the night of the seminar, as the next morning he plans to meet with clients about future training seminar possibilities. One travel option is to fly from New York to Philadelphia on the first flight on Friday morning, which will get him to Philadelphia two hours before the start of his seminar. The cost of that flight is $287. Uber fees for his time in Philadelphia will cost $68. His meal per diem is $40 for each full day and $25 for each half day. The hotel cost is $225 per night. His second option is to rent a ca and drive the two hours to Philadelphia from New York City the afternoon before the seminar. The cost of the rental car including gas is $57 per day and the car will be needed for two full days. At the end of the meetings he will return to New York City. What are the relevant revenues that Derek Dingler has to consider in making the decision whether to fly or drive from New York City to Philadelphia? airfare O car rental OUber □ one night of hotel O one-half day of per diem None of these
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Derek Dingler conducts corporate training seminars on managerial accounting techniques nationwide. He has an upcoming seminar in Philadelphia. Before that, Derek will be in New York City. He plans to stay overnight in Philadelphia after the seminar to meet with potential clients the next morning.
**Travel Options:**
1. **Flying:**
- Flight Cost: $287
- Uber in Philadelphia: $68
- Meal Per Diem: $40 for full day, $25 for half day
- Hotel Cost: $225 per night
2. **Driving:**
- Car Rental and Gas: $57 per day for two full days
Derek will return to New York City after his meetings.
**Question:**
What are the relevant revenues Derek has to consider when deciding whether to fly or drive from New York City to Philadelphia?
**Options:**
- Airfare
- Car Rental
- Uber
- One Night of Hotel
- One Half Day of Per Diem
- None of these
This information is intended for educational purposes, providing a real-world application of cost analysis in managerial decision-making.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education