Calculate the total cost for attending a conference if registration is $400, and the employee needs hotel, rental car, per diem, parking, and coverage for 4 days.
| Expense | Cost per day |
| ----------- | ----------- |
| Hotel | $230 |
| Rental Car | $110 |
| Per Diem | $55 |
| Parking | $40 |
| Coverage | $400 |
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Answer (2)
Calculate the total hotel cost for 4 days: 4 × 230 = 920 .
Calculate the total rental car cost for 4 days: 4 × 110 = 440 .
Calculate the total per diem cost for 4 days: 4 × 55 = 220 .
Calculate the total parking cost for 4 days: 4 × 40 = 160 .
Add all costs together: 400 + 400 + 920 + 440 + 220 + 160 = 2540 . The total cost is 2540 .
Explanation
Problem Analysis We need to calculate the total cost for attending the conference. The costs include registration, hotel, rental car, per diem, parking, and coverage for 4 days. We will calculate the cost for each item and then add them up to find the total cost.
Calculate Total Hotel Cost First, let's calculate the total cost of the hotel for 4 days. The hotel costs $230 per day, so for 4 days, the total cost is: 4 × 230 = 920
Calculate Total Rental Car Cost Next, let's calculate the total cost of the rental car for 4 days. The rental car costs $110 per day, so for 4 days, the total cost is: 4 × 110 = 440
Calculate Total Per Diem Cost Now, let's calculate the total per diem cost for 4 days. The per diem is $55 per day, so for 4 days, the total cost is: 4 × 55 = 220
Calculate Total Parking Cost Let's calculate the total parking cost for 4 days. Parking costs $40 per day, so for 4 days, the total cost is: 4 × 40 = 160
Calculate Total Cost The registration cost is $400 and the coverage cost is $400. Now, let's add up all the costs: Total Cost = Registration + Coverage + Hotel + Rental Car + Per Diem + Parking Total Cost = 400 + 400 + 920 + 440 + 220 + 160 = 2540
Final Answer Therefore, the total cost for attending the conference is $2540.
Examples
Understanding the total expenses for a conference helps in budgeting and financial planning. For example, if a company sends multiple employees to different conferences, accurately calculating these costs ensures the company stays within its budget. This also helps in making informed decisions about which conferences to attend based on cost-effectiveness and potential benefits.
The total cost for attending the conference is $2540, calculated by summing the registration fee, hotel, rental car, per diem, parking, and coverage for 4 days. Each expense was calculated separately before being totaled. A detailed breakdown of each expense showed how the total was reached.
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