Brent bishop is the vice president of operations for southern sweets bakery. he drives a 2017 toyota prius prime as his company car, and it has a fair market value of $37,500. the annual lease for the vehicle is $9,750. he reported driving 34,750 miles during 2018, of which 20 percent were for personal reasons. the company pays his fuel and charges him five cents per mile for fuel charges. required:
using the lease value rule, what is the valuation of brent’s company car benefit?

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?