MANAGEMENT INFORMATION SYSTEMS
15th Edition
ISBN: 9780134640037
Author: LAUDON
Publisher: PEARSON
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Chapter 5, Problem 12HMP
Explanation of Solution
Determining costs of each airline tickets and creating a budget:
Understanding the scenario, we can calculate for The Foremost Composite Materials Company as follows:
Number of sales representatives is 120 & 16 managers.
We can consider the representatives quantity of 120 as the determining number for the budget.
Total nights on stay = 2
Budget = $ 195,000
- In case of Marriot, hotel selected is Marriot, Miami Airport west.
- The Rate provided per night of stay is $133, which includes taxes comes to an amount of $266 per person.
- Total is equal to $31,920 for 120 people.
- For Hilton hotel, offered with Doubletree near Miami Airport, the cost per head comes around $100, after taxes comes to $227.81 per head, that is a total of $27,338 for the 120 sales representatives.
Considering the Covid-19 situation, we can consider a normal scenario of flight rates. So, brining in the last year rates will lead to the following:
| City | One-way cost / person (a) | Total number of people (b) |
Total cost (a*b*2) |
| Los Angeles | &... |
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