After grauating with a BBA in Accounting, Tina is considering going to college to get a Masters in Accounting. If she does not go to graduate school to get a Masters in Accounting, she will be earning $115742 working at a public accounting firm, and spend $59222 on room and board. If she goes to college to get a Masters in Accounting, she will spend $44703 on tuition, $31797 on room and board, and $6432 on books. Tina just found out that if she decides to get a Masters in Accounting, she will have the opportunity to work as a TA and get paid $11604 while she is getting her Masters. What are Tina's opportunity costs of getting a Masters in Accounting?
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- CASE STUDY: Silver is a senior high school student who is bound for college in the next school year. She plans to become a Certified Public Accountant (CPA) once she finishes her degree in accountancy. Silver receives a P500 weekly allowance from her parents that she can use to pay for her necessities in school. If there would be a need for additional resources, her parents are willing to provide for her. Silver makes it a point that she gets to save 20% of her weekly allowance. Aside from that, Silverworks during weekends in their family-owned grocery store. She works as a clerk during Saturdays and Sundays if time permits her. She receives a $150 per day allowance from her parents for her grocery store work. From today, it is only 14 weeks away from the start of the next school year. Silver would want to surprise her parents, by deciding to personally pay for her college textbooks, to reduce the financial burden of her parents. An older relative told Silver that $5,000 would be a…Jacob's friend, Devan, wants to go to business school. While his father will share some of the expenses, Devan still needs to put in the rest on his own. But Devan has no money saved for it yet. According to his calculations, it will cost him $25,641 to complete the business program, including tuition, cost of living, and other expenses. He has decided to deposit $4,200 at the end of every year in a mutual fund, from which he expects to earn a fixed 10% rate years for Devan to save enough money to go to business school. of return. It will take approximately 4.25 years 6.25 years 5.00 years 6.75 years DlavorAllison is contemplating a job offer with an advertising agency where she will make $54 000 in her first year of employment. Alternatively, Allison can begin to work in her father's business where she will earn an annual salary of $38 000. If Allison decides to work with her father, the opportunity cost would be?
- Maude worked as a Software Developer for Microsoft for 3 internships. She was just hired full-time after graduating from Concordia in December 2022. On her first day of work on January 1, 2023, she was offered to participate in the company’s retirement plan which is a Defined Contribution Pension Plan (DCPP). After having taken a Personal Finance course, Maude enrolled immediately on her first day, as she knows the benefit of putting money away early and having it grow even though she is a long way from retirement. Whatever Maude contributes, Microsoft doubles her contributions dollar for dollar. So far the plan averages a return of 7% compounded weekly. Both Maude and her employer contribute at the beginning of each month. Maude is only 24 years old with plans to retire early at age 55. Maude can afford to contribute $300/month. How much will she have in her retirement plan at retirement?.Leslie graduated with her bachelor's degree in Accounting. She works for a CPA firm that pays her tuition ($8,150 per year) for her so that she can receive her MBA. How much of the $8,150 tuition benefit does Leslie need to include in her income?Maude worked as a Software Developer for Microsoft for 3 internships. She was just hired full- time after graduating from Concordia in December 2022. On her first day of work on January 1, 2023, she was offered to participate in the company's retirement plan which is a Defined Contribution Pension Plan (DCPP). After having taken a Personal Finance course, Maude enrolled immediately on her first day, as she knows the benefit of putting money away early and having it grow even though she is a long way from retirement. Whatever Maude contributes, Microsoft doubles her contributions dollar for dollar. So far the plan averages a return of 7% compounded weekly. Both Maude and her employer contribute at the beginning of each month. Maude is only 24 years old with plans to retire early at age 55. Maude can afford to contribute $300/month. How much will she have in her retirement plan at retirement? Select one: O a. $1,199.315 O b. $1,370,436 O c. $1,361,560 O d. $1,192,344 O e. $1,355,876
- Maria Turner just graduated from college with a degree in accounting. She planned to enroll immediately in the master's program at her university but has been offered a lucrative job at a well-known company. The job is exactly what Maria hoped to find after obtaining her graduate degree. In anticipation of master's program classes, Maria already spent $450 to apply for the program. Tuition is $8,000 per year, and the program will take two years to complete. Maria's expected salary after completing the master's program is approximately $60,000. If she pursues the master's degree, Maria would stay in her current home that is near the campus and costs $600 per month in rent. She also would remain at her current job that pays $25,000 per year. Additionally, Maria's immediate family is nearby. She spends considerable time with family and friends, especially during the holidays. This would not be possible if she accepts the job offer because of the distance from her new location. The job…Maria Turner just graduated from college with a degree in accounting. She planned to enroll immediately in the master’s program at her university but has been offered a lucrative job at a well-known company. The job is exactly what Maria hoped to find after obtaining her graduate degree. In anticipation of master’s program classes, Maria already spent $450 to apply for the program. Tuition is $8,000 per year, and the program will take two years to complete. Maria’s expected salary after completing the master’s program is approximately $60,000. If she pursues the master’s degree, Maria would stay in her current home that is near the campus and costs $600 per month in rent. She also would remain at her current job that pays $25,000 per year. Additionally, Maria’s immediate family is nearby. She spends considerable time with family and friends, especially during the holidays. This would not be possible if she accepts the job offer because of the distance from her new location. The job…Michiko and Saul are planning to attend the same university next year. The university estimates tuition, books, fees, and living costs to be 12,000 per year. Michikos father has agreed to give her the 12,000 she needs to attend the university. Saul has obtained a job at the university that will pay him 14,000 per year. After discussing their respective arrangements, Michiko figures that Saul will be better off than she will. What, if anything, is wrong with Michikos thinking?
- Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program. Ben currently works at the money management firm of Dewey and Louis. His annual salary at the firm is $65,000 per year, and his salary is expected to increase at 3 percent per year until retirement. He is currently 28 years old and expects to work for 40 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 26 percent. Ben has a savings account with enough money to cover the…Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships, neither school will allow its students to work while enrolled in its MBA program. Ben currently works at the money management firm of Dewey and Louis. His annual salary at the firm is $65,000 per year, and his salary is expected to increase at 3 percent per year until retirement. He is currently 28 years old and expects to work for 40 more years. His current job includes a fully paid health insurance plan, and his current average tax rate is 26 percent. Ben has a savings account with enough money to cover the…Ali is considering the decision of whether or not to go and study a Master degree. He is currently working as an accountant in XYZ Company. He is thinking of getting a Master Degree. If he decided to study the Master Degree, h would expect to earn higher salary than his current one. On the other hand, the study of the Master Degree would f him to take unpaid leave from his current job. Furthermore, Ali recently purchased a new car. For All, the unpaid sala when Ali goes to study the Master Degree is referred to as: Select one: a. Opportunity Revenue b. Sunk revenue c. Differential revenue d. Differential cost O e. Opportunity cost The management function that focuses on setting out future goals for the organization is referred to as: Select one: a. Counseling Ob. Controlling O. Decision making d. Planning Oe. Advising