To: From: Kunal Kapoor, Assistant accounting manager Date: December 2,2016 RE: Travel Expense Reimbursement Policy!!! Recently it has been seen that our companies travel expenses have increased a lot and with increase in the sales representatives sent out on business trips. As it has made work harder for the accounting department to keep expenses on track and reimburse if any personal expense is occurred. Company has taken some steps to tackle the persisting problem, the company has introduced its Travel Expense Reimbursement Policy, its main purpose is to establish the principles and guidelines for reimbursing individuals for travel, accommodation, meals and other reasonable expenses incurred on behalf of the FUNORAMA TOYS. Company has set up some …show more content…
All Sales representatives should use company’s funds responsibly and good business judgment when incurring a business expense. Travel Expense Reimbursement Policy: AIR TRAVEL: • All air travel must be economy class tickets. For any extenuating circumstances, employees must provide an explanation and get prior approval by their managers. • Business / First Class travel is not an allowable expense. In the rare circumstance, that business class travel is required, prior approval must be obtained from manager in charge. Hotels/Motels 1) The cost for a single economy room at a reasonable Rate will be reimbursed. 2) Receipts must include the detail, separating lodging, meals, phones and all other expenses. 3) Penalties incurred for the cancellation of a guaranteed hotel reservation are the employee’s own responsibility and will only be reimbursed under exceptional circumstance. Personal and Business Travel • When personal travel is combined with business travel Only the business portion of the trip will be accounted for and would be taken into
Theresa Campana, CEO of the Buckeye Group, is a manufacturer’s agent for three companies that sells different types of software. As a sales agent for Accto Co., Saleco Inc., and Invo Inc., the Buckeye Group is responsible for calling business customers to sell accounting software, sales management software, as well as inventory management software out of Columbus, Ohio. With regards to logistics, according to the case, the Buckeye Group has sold $550,000 of total software, with Campana earning a 10 percent commission from Accto and Saleco, as well as a 7 percent commission from Invo per her dollar value of her final sales. Evidently, Campana’s initial ease of making sales come from her high knowledge of the products, background in business,
I felt that this response was the least ethical. Firstly, the salesperson would have taken advantage of the customer for personal gain. Secondly, a salesperson should not assume anything about the customer. If a salesperson were to assume anything, it should be through analysis of the customer’s needs. Even then it shouldn’t be an assumption, but an educated decision.
Many people have issues with flying. Some are nervous that the plane might not make it to its destination while others think of flying as an overpriced, uncomfortable, and unpleasant experience. Than there are those who can afford to make their flight experience much more luxurious which are the passengers flying in business class or in first class. These are passengers that get the champagne in the plastic glasses and the chairs that stretch all the way out. David Sedaris is able to paint this picture of entitlement and lack of comfort throughout his article “Journey into Night.”
One of the most common expenses was corporate airplanes. Such travel arrangements cost many fold compared to a commercial airline. The cost per hour would be close $5000. Moreover, these aircrafts would not carry any other passengers except for the corporate managers and would take them to their destination and fly them back. This put the entire cost of the aircraft on
Henrietta Hamster lives in Brooklyn, NY, and works in Manhattan. Normally, Henrietta takes the subway into work ($2.25 each way), but once a week she commutes home in a unique way. For some time, Henrietta has been seeing a psychologist for counseling (for Chronic Fatigue Syndrome) but was often late for or missed her appointments. She recently switched psychologists. A van, equipped with a carpeted office and easy chairs, picks her up from work every Thursday at 5pm. The van conveys her home while she has a counseling session with her new psychologist in the back during the hour-long commute. She pays a flat fee of $200 for each appointment, including transportation. If the van gets stuck in traffic, she gets a longer counseling session. Is all/any of her $200 weekly expense deductible?
As in any other discipline that entails interaction with individuals, the aspect of ethics must include a conscious principle. To define ethics in its simplest form, it is known as the ability to distinguish right from wrong. In the movie, the sudden pressure from management drives the company’s salesmen to increase sales with no regards to ethics in order to maintain job security. All of the main characters had made their fair share of unethical decisions, out of desperation, to increase their sales and ultimately to keep their jobs. The degree of each decision can be left for viewers to determine the level of appropriateness based on their own values. Personally, although all characters have made unethical decisions, the most ethical salesman was Ricky Roma. Ri...
Formerly, while going to economy class you would pass through the business or first class and would fill your heart with jealousy by looking the wide space for your comfort. If your are alone on the plane with no company, then you would probably going
In my opinion, sales isn’t an ethical business. The point in sales is to sell as much as you can to customers. Most sales people work for commission, which means they need to make many sales. They also have sales requirements that can hinder or benefit their position within the company. In order to meet these quotas
This is because both costs are paid out of the defense budget. Specifics for each trip will be outlined in each scenario. All breakdowns are costs per individual and trip total for six people. When travelling commercially to Iwakuni, Japan, mileage was authorized from the office to the airport and back. Commercial airline tickets were purchased on All Nippon Airways (ANA) and flights were from Naha International Airport to Iwakuni’s closest major airport, Fukuoka International. Upon arriving at Fukuoka, there was a required subway ride to the Fukuoka train station where a train was boarded for an hour and a half ride to Iwakuni. Once at the Iwakuni train station, a taxi was hailed for the last leg of the trip to Marine Corps Air Station Iwakuni. Three passengers can fit in a taxi, so there will only be two travelers being charged a taxi ride. Only one rental vehicle was authorized for up to ten travelers, so the travelers carpooled at the business location. See Table 1 for the costs associated with a short trip to Iwakuni. (Chapman, 2012). Table 2 shows the cost associated with travelling to Iwakuni utilizing a C-130 cargo plane. Using this mode of travel, the inspectors
Air travel is a fast and convenient way to reach a destination. Even if many passengers may complain of missed flights, delays during the holidays, and the number of carry-ons they are allowed to bring onto the plane, air travel is an important part of quick transportation.
The position of being a sales representative, or sales rep for short, is a very important part to the success of a company. While there are several, the major responsibility of a sales rep is to make customers interested in, and conduct the final sale of the merchandise. A sales rep is not appointed to the position over night. Often times, there is a handful of years experience required before they are eligible for the position. Upon receiving the title of sales representative, they also receive a territory for which they are responsible. The person in a sales representative position is responsible for almost an unlimited number of things in their region, as well as, making their own sales (Bureau).
As a farewell to “the biggest fight in combat sports history”, we’ve decided to revise one of the longest and severest fights in the history of the airline industry: business class vs economy class. Who takes home the victor’s belt - practical, low-cost economy class or extravagant, luxury and comfort prioritizing business class? To see who gets a takedown, let’s learn what tricks and techniques - in terms of seats, services, and check-in facilities - each has mastered to impress YOU, the judge.
It is a common notion that only the sales person helps in improving sales. It is interesting to note that every individual in your organization contributes to the brand value of your business, hence intoxicate your employees, especially those who interact directly with the customer that they are the ambassadors of yo...
A sales manager has many responsibilities such as spreading product to customers, setting sales areas, goals, and analyzing sales data (“Sales Manager” What’s para. 1). Although a sales manager performs many duties, people in this position will also set a sales goal for the year, and will build a sales outlook on what they will do in the upcoming years (“Sales Manager” Sokanu para. 1).A person in this position will also manage where the goods and products their company will be distributing by giving certain sales area where a salesman will work and sell the product (“Sales Manager” Sokanu para. 2). During work time, a sales manager may be asked to hire and train a new salesman added to his team (“Sales Manager” Sokanu para. 3). Occasionally, a sales manager will interpret sales statistics in a specific area when looking where to assign certain salesman to a sales territory (“Sales Manager” Sokanu pa...
· Has the right of selling tickets that are entitled to personal to travel, or can otherwise arrange on behalf of another person the right of passage at any conveyance.