! 2. Individual Problems 21-2Planes frequently push back from the gate on time, but then wait 2 feet away from the gate until it is time to queue up for takeoff. This increases fuelconsumption and increases the time that passengers must sit in a cramped plane awaiting takeoff. The following table shows the pay schedule for theflight crew.PayFlight AttendantCaptainFirst OfficerPer diem$3$3$3Holding pay per hour$20$20$20Hourly wage (after push back)$38$184$50Per diem pay indicates how much the flight crew earns once it checks into the airport. Holding pay indicates how much the flight crew earns after itloads the plane. Hourly wage indicates how much the flight crew earns after it pushes back from the gate and turns on the beacon.In this scenario, who does not have an incentive to push back from the gate as early as possible? Check all that apply.OCaptainO Flight attendantsO PassengersO First officerTrue or False: Allowing the airline to decide when to push back from the gate would reduce incentives to push back from the gate too early.O TrueO False

An incentive is something that can catch an employee's interest and inspire them to work. An…

Planes frequently push back from the gate on time, but then wait 2 feet away from the gate until it is time to queue up for takeoff. This increases fuel consumption and increases the time that passengers must sit in a cramped plane awaiting takeoff. The following table shows the pay schedule for the flight crew. Pay Flight Attendant Captain First Officer Per diem $3 $3 $3 Holding pay per hour $20 $20 $20 Hourly wag backk)

Planes frequently push back from the gate on time, but then wait 2 feet away from the gate until it is time to queue up for takeoff. This increases fuel consumption and increases the time that passengers must sit in a cramped plane awaiting takeoff. The following table shows the pay schedule for the flight crew. Pay Flight Attendant Captain First Officer Per diem $3 $3 $3 Holding pay per hour $20 $20 $20 Hourly wag backk)

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter2: Financial Statements And The Annual Report

Section: Chapter Questions

Problem 2.1P: Materiality Joseph Knapp, a newly hired accountant wanting to impress his boss, stayed late one...

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Heartland Airways operates commuter flights in three Midwestern states. Due to a political convention held in Topeka, the airline added several extra flights during a two-week period. Additional cabin crews were hired on a temporary basis. However, rather than hiring additional flight attendants, the airlineused its current attendants on overtime. Monica Gaines worked the following schedule on August 10. All of Gaines’s flights on that day were extra flights that the airline would not normally fly. Regular time: 2 round-trip flights between Topeka and St. Louis (8 hours)Overtime: 1 one-way flight from Topeka to Kansas City (3 hours) Gaines earns $12 per hour and is paid time and a half when working overtime. Fringe benefits cost the airline $3 per hour for any hour worked, regardless of whether it is a regular or overtime hour.Required:1. Compute the direct cost of compensating Gaines for her services on the flight from Topeka to Kansas City.2. Compute the cost of Gaines’s services…
Brief Exercise 9-03 Sunland Company had the following two transactions related to its delivery truck. 1. Paid $42 for an oil change. 2. Paid $471 to install special shelving units, which increase the operating efficiency of the truck. Prepare Sunland Company’s journal entries to record these two transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit 1. enter an account title to record the first transaction enter a debit amount enter a credit amount enter an account title to record the first transaction enter a debit amount enter a credit amount 2. enter an account title to record the second transaction enter a debit amount enter a credit amount enter an account title to record the…
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Suppose you have a part-time position over the winter break in a small clothing store that is part of the national chain. The store's one full-time employee, with whom you have become friendly, hired you. Explain what you would do in the situations described below, and identify two internal control problems that exist in each situation. Each response must be analyzed, grammatically correct, and substantive. (This means you probably will not do well with a one sentence response). 1. You arrive at the store at 6 pm to take over the evening shift from the full-time employee who hired you. You notice that this person takes a coat from the rack, puts it on, and leaves by the back door. You are not sure if the coat is one that was for sale or if it belonged to the employee. 2. You are the only person in the store on a busy evening. At closing time, you total the cash register and the receipts and discover that the cash register is $20 short of cash. You consider replacing the $20…
Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company’s operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 ActualResults FlexibleBudget PlanningBudget Flights (q) 52 52 50 Revenue ($355.00q) $ 16,300 $ 18,460 $ 17,750 Expenses: Wages and salaries ($3,700 + $90.00q) 8,340 8,380 8,200 Fuel ($32.00q) 1,830 1,664 1,600 Airport fees ($810 + $30.00q) 2,250 2,370 2,310 Aircraft depreciation ($8.00q) 416 416 400 Office expenses ($230 + $1.00q) 450 282 280 Total expense 13,286 13,112 12,790 Net operating income $ 3,014 $ 5,348 $ 4,960 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. Required: 1. Prepare a flexible budget…
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