Hion arethereis the way You livingway YOuJob "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.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)

In the given question it is given that the annual salary per year is $30000. There are 50…

Answered: して there YOu living is the way You Job…

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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Your new Job offers a savings plan that pays 1.00 percent in interest each month. You can't participate in the plan, however, until you have 5 years with the company. At that time you will start saving $850 a month for the next 20 years. How much will you have in this savings account in 25 years? Round your answer to two decimals. $1 Another perk of your new job is that, after 5 years with the company, you will also get an increase of $50 in your monthly salary. Assume you would stay with the company for 20 more years after getting the salary increase, and that you discount at 1.00 percent each month. What is this salary increase worth to you today? Round your answer to two decimals.
Consider that you are 30 years old and have just changed to a new job. You have $91,000 in the retirement olan from your former employer. You can roll that money into the retirement plan of the new employer. You vill also contribute $400 each month into your new employer's plan. If the rolled-over money and the new contributions both earn a 7 percent annual return, how much should you expect to have when you retire in 38 years? O $2,019,095.26 O $2,195,145.40 $2,298,025.12 $2,301,116.92
1) Your job pays you only once a year, for all the work you did over the previous 12 months. Today, December 31, you just received your salary of $75,000 and you plan to spend all of it. However, you want to start saving for retirement beginning next year. You have decided that one year from today you will begin depositing 10 percent of your annual salary in an account that will earn 9.5 percent per year. Your salary will increase at 3.4 % per year throughout your career. How much money will you have on the date of your retirement 35 years from today? Give typing answer with explanation and conclusion
You have just started working at a new job. You are making $3500 gross per month and want to save 5% of your gross earnings each month in a Roth IRA. You found an account that is averaging 6% APR. You plan to leave the money in the account for 20 years. How much will you have in the account after 20 years? A. $80,857.16 B. $23,465.46 C. $3,671.35 D. $77,249.74
A. You have just joined a new pharmaceutical company PHARMA+. They've offered you two different salary packages. You can have $40,000 at the end of each year for the next two years, or you can have $10,000 at the end of each six month period for the next three years along with a $25,000 signing bonus today. If the interest rate available to you is 15% compounded annually, which package do you prefer? (Draw the time line).
You have been offered a contract to work as a consultant. The company will pay you $6215 per month. In addition, once you complete the work in 4 years, you will receive $46865. Your required return is 6.57%, what is this contract worth today? show all step and fomular. Answer
Suppose that you charged $8430 on a credit card to relocate for your first job. When you realized that the interest rate for the unpaid balance was 27% compounded monthly, he decided not to charge any more on that account. You want to have this account paid off by the end of 3 years, so you arrange to have automatic payments of equal amount sent at the end of each month.(a) What monthly payment must you make to have the account paid off by the end of 3 years? (b) How much total interest will you have paid?
Discussion Topic To secure your financial future, you must have some source of income. While income can be earned in a variety of ways, most people earn their income by working. Suppose you're offered two jobs. One pays a salary of $45,000 a year, the other pays $15 an hour, with potential to earn time and a half for any hours that exceed your base hours. (Time and a half is 1.5 times your standard rate of pay.) What other information do you need before you can make an educated decision? Assuming you have the information you need, which option would you choose? Why? State all of your assumptions. Are there other factors to consider besides rate of pay when finding work? If so, what are they?
Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received your salary of $60,000 and you plan to spend all of it. However, you want to start saving for retirement beginning next year. You have decided that one year from today you will begin depositing 8 percent of your annual salary in an account that will earn 10 percent per year. Your salary will increase at 3 percent per year throughout your career. How much money will you have on the date of your retirement 40 years from today? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Future value
You accept a job that pays a salary of $90,000 for the first year. During the next 19 years you receive a 4% raise each year. What would be your total compensation over the 20-year period? (Round your answer to two decimal places.) $ 41437.73 Need Help? Read It
Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received your salary of $53,000 and you plan to spend all of it. However, you want to start saving for retirement beginning next year. You have decided that one year from today you will begin depositing 3 percent of your annual salary in an account that will earn 9 percent per year. Your salary will increase at 7 percent per year throughout your career. How much money will you have on the date of your retirement 41 years from today? Multiple Choice о O о о O $45,254.34 $1,814,522.20 $1,518,352.92 $1,447,981.04 $1,549,339.71
You have two job offers with the following 6-year compensation terms: the first one offers you $80,000 a year for 6 years; the other one offers you a signing bonus of $15,000 plus $50,000 a year for the first 4 years and then 60,000 a year for the last two years. Assume that the appropriate discount rate is 12% and there are no taxes. a. How much would you lose in present value if you accepted the second offer? b. Propose a change to the second offer that would make you indifferent between the two offers.

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