Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

There was an article in November 08, that discussed the use of agency funds (which gets both private and public money) for three top executives

There was an article in November 08, that discussed the use of agency funds (which gets both private and public money) for three top executives who purchased airline tickets from Orlando to Dubai. Two of the top executives paid for their tickets with private money and flew by coach to Dubai. The third one attending the conference bought his ticket with agency funds and spent more than $9,200.00 to fly business class. The coach class ticket was about $1,400. Mr. Sain, who flew business class, called the price of his plane ticket "the cost of doing business". His response as to why he had to fly business class was that he could not fly that far, and be well-rested and ready to do business when traveling in a coach seat.

Mr. Sain received both public and private money so should this expense really be allowed out of agency funds?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investments Analysis And Management

Authors: Charles P. Jones, Gerald R. Jensen

14th Edition

1119578078, 978-1119578079

More Books

Students also viewed these Accounting questions

Question

explain how organizations can promote a positive safety climate.

Answered: 1 week ago