Overview

Pet Paws, Inc. is a company in the business of providing pet supplies and veterinary services in the United States. The Company's headquarters are in Spanish Fork, Utah which is serviced by the Spanish Fork Airport (Springville-Woodhouse Field). There are 21 full-time employees located in the headquarters. Travel requirements are varied and usually not scheduled. Most travel is accomplished by the Chief Executive Officer, Mr. Marvin Market, the Chief Financial Officer, Mr. Jack Financial and the Chief Doctor of Veterinary Services, Dr. Hoof. Other company locations are located in 1. Great Falls, Montana, 2. New Braunfels, Texas, 3. Warrensburg, Missouri, and, 4. Tampa, Florida. Each of these locations has two veterinarians and 10 full time staff. All locations offer the full services of Pet Paws.

Assume that Pet Paws purchased a corporate aircraft and the annual aircraft operating budget was projected as depicted on page 150 of the text. Also assume the following (click on "Table 1" to expand to view the table):