Evaluate the cost incurred by talbots partners

Assignment Help Finance Basics

Reference no: EM13299882

Talbot Partners is a consulting firm with clients across the nation. Within the company is a travel group that arranges flights and hotel accommodations for its over 1,000 consultants. The cost of operating the travel group (excluding the cost associated with actual travel such as hotel cost and air fare) amounts to approximately $800,000.

Recently, Talbot Partners has conducted an ABM study that has determined the following:

1. Each consultant takes approximately 20 business trips per year
2. On average, 30 percent of trips are rescheduled due to conflicts and poor planning.
3. The travel group employs 14 individuals at $5,000 each to book travel. In addition, there is a travel manager and an asst, travel manager.
4. Benchmarking with a Talbot Partner' s client indicates that the client incurs $30 cost per completed trip to book travel.

Answer needed:

A. Evaluate the cost incurred by Talbots Partners compared to the benchmark cost.

B. Talbot Partners is planning a process improvement initiative aimed at reducing scheduling conflicts. What would be the savings if rescheduling could be reduced by 50 percent? Assume that the only variable cost in travel services is the wages paid to employees who book travel.

Reference no: EM13299882

Questions Cloud

Find what is the constant dollar amount of the payment : You have a $1,500 monthly loan payment. If inflation is 3.5% annually (compounded monthly). What is the constant dollar amount of this payment in your 80th month

Explain solutions have the same heat capacity as pure water : Suppose 250.0 mL of 1.00 M HCl and 250.0 mL of 1.00 M NaOH, both initially at 21.0°C, are mixed in a thermos flask. When the reaction is complete, the temperature is 27.8°C. Assuming that the solutions have the same heat capacity as pure water, co..

Calculate the total each year interest charge : A business borrows $2 million to be paid back in annual payment over two years. Interest rate is 8%.

Determine the largest feasible scale ratio for such a study : A newly designed dam is to be modeled in the laboratory. The prime objective of the general model study is to determine the adequacy of the spillway design and to observe the water velocities, elevations, and pressures at critical points of the st..

Evaluate the cost incurred by talbots partners : The cost of operating the travel group (excluding the cost associated with actual travel such as hotel cost and air fare) amounts to approximately $800,000.

Explain how many joules of heat energy must be supplied : A home swimming pool contains 155 m3 of water. At the beginning of the swimming season, the water must be heated from 18 to 32°C. How many joules of heat energy must be supplied

What pressure difference would expected for discharge meter : A discharge meter to be used in a 40 cm pipeline carrying oil (kinematic viscosity = 10-5 m2/s, density = 860 kg/m3) is to be calibrated by means of a model (1/4 scale) carrying water (T = 20°C and standard atmospheric pressure).

Are small jobs less profitable than they were in the past : Assume that the price charged for small jobs does not change in the current year. Are small jobs less profitable than they were in the past?

Find corresponding racing speed and drag on the car : A one tenth scale model of a soap box derby car is tested in a wind tunnel. The air speed in the wind tunnel is 70m/s, the air drag on the model car is 240 N, and the air temperature and pressure are identical to those expected

User Account

All Pages