Why did alex handle the given situation properly

Assignment Help Accounting Basics
Reference no: EM131796163

Problem

After numerous campus interviews, Alex Sanchi, a student at BC, received two office interview invitations from the Orlando offices of two large firms. Both firms offered to cover her "out-of-pocket expenses" (travel, hotel, and meals). She scheduled the interviews for both firms on the same day, one in the morning and one in the afternoon. At the conclusion of each interview, she submitted to both firms her total out-of-pocket expenses of $296 for mileage, hotel, meals, parking and tolls. She believes this approach is appropriate. If she had made two trips, her cost would have been two times $296. She is also certain that neither firm knew she had visited the other on that same trip. Within ten days Alex received two checks in the mail, each in the amount of $296.

Did Alex handle the situation properly? If not what should she have done?

Reference no: EM131796163

Questions Cloud

Number of successes in n independent bernoulli : Let S be the number of successes in n independent Bernoulli trials, with possibly different probabilities p1, . . . pn on different trials.
Compute cost per gallon of liquid cleaner produced in june : The green plant produced 850,000 gallons in June. Compute the cost per gallon of liquid cleaner produced in June
What is the future worth of the investment : Eddie's Precision Machine Shop is insured for $900,000. The present yearly insurance premium is $0.95 per $100 of coverage.
Annual volume for the breakeven point between two machines : Determine the annual volume for the breakeven point between the two machines (i.e., where the two machines have the same annual cost)?
Why did alex handle the given situation properly : After numerous campus interviews, Alex Sanchi, a student at BC. Why Did Alex handle the given situation properly? If not what should she have done?
Independent random digits : Let Dn be the average of n independent random digits from {0, . . . 9}.
What rate of return would you have earned on your investment : What rate of return would you have earned on your investment had you purchased the shares on December 24, 2007?
What was the increase in retained earnings for the year : Elite Trailer Parks has an operating profit of $246,000. Interest expense for the year was $34,000; preferred dividends paid were $29,000.
Maximize chance of being correct : If you just had to predict the first digit of X100, what digit should you choose to maximize your chance of being correct, and what is that chance?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd