Chapter 5, Problem 12HMP

Explanation of Solution

Determining costs of each airline tickets and creating a budget:

Understanding the scenario, we can calculate for The Foremost Composite Materials Company as follows:

Number of sales representatives is 120 & 16 managers.

We can consider the representatives quantity of 120 as the determining number for the budget.

Total nights on stay = 2

Budget = $ 195,000

• In case of Marriot, hotel selected is Marriot, Miami Airport west.
  • The Rate provided per night of stay is $133, which includes taxes comes to an amount of $266 per person.
  • Total is equal to $31,920 for 120 people.
• For Hilton hotel, offered with Doubletree near Miami Airport, the cost per head comes around $100, after taxes comes to $227.81 per head, that is a total of $27,338 for the 120 sales representatives.

Considering the Covid-19 situation, we can consider a normal scenario of flight rates. So, brining in the last year rates will lead to the following:

City	One-way cost / person (a)	Total number of people (b)	Total cost (a*b*2)
Los Angeles	&...