Job "B" offers you $30,000 salary per year. You have 10 PAID days off per year for vacation andsick time. The expectation is that you will work from 9:00 a.m. to 5:00 p.m. five days per week.2)a)If you work a 40-hour week for 50 weeks of the year, what hourly amount are you making?If this salaried job is also providing free health care benefits, how would this affect yourdecision as to whether to take this position?b)

Rate Per Hour: For each hour worked, the amount of money charged, paid, or earned: Rather of paying…

Answered: Job "B" offers you $30,000 salary per…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You have just entered a two-year part-time Executive MBA. The tuition fee is $15,000 per year payable at the beginning of each year. Before the program you eamed $40, 000 per year. Your expected salary after graduation. is $55, 000 per year. You can invest your money at 8%. Assume that you will work for 30 years after graduation. The salary differential of $15,000 will continue through this period. How much is your EMBA worth?
You are scheduled to graduate from the college student in May. You have received two job offers as follows: A position at a large accounting firm with a salary offer of $70,000/year. The firm typically provides annual pay raises in the amount of 4% per year. You will likely be promoted every other year and receive a $10,000 raise at the time of each promotion. A position at a bank with a salary of $78,000/year. The firm typically provides annual pay raises in the amount of 4% per year. You will not be eligible for promotion until your 5th year and will have to change employers after that to obtain further promotions. The benefits, hours, working conditions, and other factors relating to the two positions are otherwise indistinguishable. Using a ten-year time horizon and a 5% discount rate, what is the present value of each position? Considering only the monetary factors, which position should you accept, why? In today's money, how much better is the more favorable of the two positions…
Could you please solve these questions?
An individual entering the workforce plans to make monthly contributions to a retirement account in the amount of $150 beginning at the end of next month and continuing for the next 40 years. (a) If the retirement account earns 10% compounded monthly, find the amount expected in the retirement account at the end of 40 years. Round to the nearest penny. (b) If the retirement account charges a maintenance fee of 2% each year, the net interest rate earned by the retiree becomes 8%. Find the amount expected in the retirement account. Round to the nearest penny. (c) Compare the answers from part (a) and part (b) above to determine the total percent lost by the retiree due to the fee. Round your answer to two decimal places. % lost
You have been offered a contract to work as a consultant. The company will pay you $6488 per month. In addition, once you complete the work in 4 years, you will receive $36460. Your required return is 5.58%, what is this contract worth today? Answer:
You are expecting to retire in 28-years and you want to retire with $10,000,000. How much you must put in the account monthly with interest rate of 8% annual and the current balance in account is $122,000.
You are considering a job that offers a starting bonus of $2,500, paid immediately, and an annual salary of $44,000, $47,000, and $50,000 for each of the next 3 years, respectively. One year the offer expires, you will receive a gratuity of $20,000. The annual salary is paid at the end of each year. What is this offer worth today at a discount rate of 5.6 percent?
Condominiums usually require a monthly fee for various services. At $280 a month, how much would a homeowner pay over a period of 12 years for living in this housing facility? Total Fee
When your firm hires a new employee this year, it is obligated to contribute GBP £5,000 to a defined contribution plan for that employee, one year after the hire date. The contribution must be adjusted annually for inflation. Assume that inflation will be a constant 2.0% a year from this point forward. What is the pension cost to you of hiring a 30 year old who will be with the company for 32 years if the appropriate discount rate is 10%? Round your answer to the nearest pound.
Assume that you will have a 10-year, $20,000 loan to repay when you graduate from college next month. The loan, plus 10 percent annual interest on the unpaid balance, is to be repaid in 10 annual installments of $3,255 each, beginning one year after you graduate. You have accepted a well-paying job and are considering an early settlement of the entire unpaid balance in just three years (immediately after making the third annual payment of $3,255). Prepare an amortization schedule showing how much money you will need to save to pay the entire unpaid balance of your loan three years after your graduation. (Round your answers to the nearest dollar amount. Enter all amounts as positive numbers.) Interest Period Date of Graduation Year 1 Year 2 Year 3 Annual Payment Annual Interest Expense @10% a. Actual net-of-tax interest cost b. Effective interest rate Reduction in Unpaid Balance Unpaid Balance One of the advantages of borrowing is that interest is deductible for income tax purposes. a.…
Assume that you will have a 10-year, $10,000 loan to repay when you graduate from college next month. The loan, plus 8 percent annual interest on the unpaid balance, is to be repaid in 10 annual installments of $1,490 each, beginning one year after you graduate. You have accepted a wellpaying job and are considering an early settlement of the entire unpaid balance in just three years (immediately after making the third annual payment of $1,490). Prepare an amortization schedule showing how much money you will need to save to pay the entire unpaid balance of your loan three years after your graduation. (Round amounts to the nearest dollar.)
After you graduate, you want to start saving for a down payment on a house which you plan to buy 5 years from now. The company that hired you gave you a $1,703 sign on bonus now that you will put towards the house. You plan to save $222 per paycheck also to put towards the house in years 1-5. You get paid biweekly which means there are 26 paychecks per year. If the account where the money will be deposited achieves 9%, how much will you have as a down payment in year 5? Enter your answer to the nearest dollar.

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