REDUCING ELECTROVISIONS TRAVEL AND ENTERTAINMNET COSTS

Prepared for
Dennis Mc Williams,
Vice President of Operations
Electrovision, Inc.

Prepared by
Linda Moreno, Manager
Cost Accounting Services
Electrovision, Inc.

February 16, 2011

TABLE OF CONTENTS

Executive Summary
Introduction

Conclusion and Recommendation

Appendices
References

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20
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ii

LIST OF TABLE
TABLES
1. Electrovisions Travel and Entertainment Cost per Year ..
2. T&E Expenses

PAGE
2
4

LIST OF FIGURES
FIGURES
1. Airfares Account for Over Two-Thirds of Electrovisions Budget .
2. T&E Expenses

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4

EXECUTIVE SUMMARY

Begin by stating the purpose of the report

Present the points in the executive summary in the same order as they appear in the report
Using subheadings that summarize the content of the main sections of the report.

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REDUCING ELECTROVISIONS TRAVEL AND ENTERTAINMNET COSTS

INTRODUCTION

THE HIGH COST OF TRAVEL AND ERNTERTAINMENT

$16 Million per year Spent on Travel and Entertainment

Electrovisions Travel Expenses Exceed National Averages

Figure 1: Electrovision Employees Spend Over Twice as Much as the Average Business Traveler
Source: Wall Street Journal and company records

Table 1: T&E Expenses Continue to Increase as a percentage of Sales

Source of Expenses
Switching from business class to coach
airfare
Negotiating preferred hotel rates

Estimated Expenses
$2,300,000
940,000

TOTAL Expenses

$3,240,000

Two major factors contribute to Electrovisions high T&E budget is as follows:

i)
ii)
CONCLUSIONS AND RECOMMENDATIONS

REFERENCES

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