CoursHeroTranscribedText

Consider this example. An employee obtained a business-class ticket for $9,557 and traveled the following itinerary: One-Way Regular From Chicago Paris Paris Miles Fare Purpose 4,040 $ 3,690 Business Rio de Janeiro Rio de Janeiro Chicago 5,680 5,270 4,520 Personal 3,350 Return On the date of the flights between Chicago and Paris (and return), a restricted round-trip fare of $4,810 was available. Required: a. Compute the business portion of the airfare and state the basis for the indicated allocation that is appropriate according to each of the following independent scenarios: 1. Based on the maximum reimbursement for the employee. Business portion of the airfare 2. Based on the minimum cost to the company. Business portion of the airfare