Compare Job Offers in Two Different Cities Assume you have two job offers, one in Chicago at $50,000 per year, and the other in San Antonio at $47,000 per year. The cost of living index for Chicago is 132 and for San Antonio it is 114. Taking into consideration the cost of living difference between the two cities, which is economically the better offer?
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- The story: You have been offered a new position with an increase in your pay, within the company, but will have to move to take the position. Comparable rentals to accommodate your lifestyle are 30% in the new city. Food is also pricier. You want to save the same percent of your income in the new job. This exercise will challenge you on creating a worksheet, entering relative formulas, formatting, print setup, and analysis. Income: Current Proposed Yearly $50,000 $60,000 Monthly ? ? Expenses Current Proposed Rent $1000 $1300 Car payment $400 $400 Insurance $300 $400 Utilities $300 $400 Cell phone $75 $75 Food $250 $400 Savings 20% of pay 20% of pay Total Monthly Expenses: ? ? Net Income ? ? Complete the following steps: Create a workbook to reflect the above. Populate the “?” with formulas Apply formula for the net, that is the income less the expenses Format for the target audience Verify that printing the worksheet will please target audience Does it make sense for you to…Answer the following: You are contemplating a job offer with an advertising agency where you will make 54,000 in your first year of employment. Alternatively, you can begin to work with your father's business where you will earn an annual salary of 38,000. 1. Where will you work? a. Advertising agency b. Fathers business c. I choose not to work 2. If you choose to work where you will earn most, what is the opportunity cost? a. 54,000 b. 38,000 3. What is the differential revenue?a. 54,000 b. 38,000 c. 16,000Bill Mason is considering two job offers. Job 1 pays a salary of $39,700 with $5,390 of nontaxable employee benefits. Job 2 pays a salary of $38,000 and $6,600 of nontaxatle benefits. Use a 15 percent tax rate. a. Calculate the monetary value of each job. b. Which position would have the higher monetary value? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the monetary value of each job. Note: Round your final answers to the nearest whole number. Job 1 Job 2 Monetary Value
- Bill Mason is considering two job offers. Job 1 pays a salary of $41,900 with $4,875 of nontaxable employee benefits. Job 2 pays a salary of $40,000 and $6,530 of nontaxable benefits. Use a 28 percent tax rate. a. Calculate the monetary value of each job. b. Which position would have the higher monetary value? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the monetary value of each job. Note: Round your final answers to the nearest whole number. Monetary Value Job 1 Job 2Determine the best course to take next quarter, using the following criteria. a. Maximaxb. Maximin 2. The owner of the Columbia Construction Company must decide between building a housing development, constructing a shopping center, and leasing all the company's equipment to another company. The profit that will result from each alternative will be determined by whether material costs remain stable or increase. The profit from each alternative, given the two possibilities for material costs, s shown in the following payoff table: Material Costs Decision Stable Increase $70,000 105,000 Houses $30,000 20,000 40,000 Leasing 40,000 Determine the best decision, using the following decision criteria. a. Maximax b. Maximin c. Minimax regret d. Hurwicz (a = .2) e. Equal likelihood %3D 3. A local real estate investor in Orlando is considering three alternativeThe average Gross Salary you would need in order to live in the Sacramento area is lower than the national average. Which of the following would you need to live here?
- Comparing payments and APRs of financing alternatives Because of a job change, Finn McBryde has just relocated to the southeastern United States. He sold his furniture before he moved, so he's now shopping for new furnishings. At a local furniture store, he's found an assortment of couches, chairs, tables, and beds that he thinks would look great in his new, two-bedroom apartment; the total cost for everything is $6,400. Because of moving costs, Finn is a bit short of cash right now, so he's decided to take out an installment loan for $6,400 to pay for the furniture. The furniture store offers to lend him the money for 48 months at an add-on interest rate of 8.5 percent. The credit union at Finn's firm offers to lend him the money - they'll give him the loan at a simple interest rate of 13 percent, but only for a term of 24 months. Compute the monthly payments for the loan from the furniture store. Round the answer to the nearest cent.________$ per month Compute the monthly…Suppose a College has the option of either buying payroll software off-the-shell at $50,000 or employing a programmer for six months at a salary of $5000 to develop the software. Perform cost-benefit analysis for the two options. You can make suitable assumptions regarding any factor that has not been mentioned in this problem statement.This is my assignment Guidlines: Problem Analyze the potential impact of an Employer of Last Resort program using the data in exam.dta. The program will provide a job to anyone aged 18 to 67 years old that applies, until it runs out of money. The annual budget for the program is $35 billion. The jobs will be full-time (40 hours per week), full-year, and pay $15 per hour. Assume that the likelihood that someone will apply for a job under the program is equivalent to the likelihood that they are employed. Also, assume that there will be more applicants than available positions. In your answer, be sure to include the impact on racial and gender inequality (in other words differences in incomes by race and gender) and differences in poverty rates, as well as on overall poverty and inequality. In order to complete your answer, you must complete the following steps: Identify the individuals that will take a job under the ELR program. Be sure to include your justification for who you…
- I am interested in purchasing a 200 unit apartment in New Jersey for all cash. There are 100 one unit bedroom and 100 two unit bedroom. There are 93 one unit bedroom currently occupied and 95 unit 2 bedroom occupied The rent of one -unit bedroom currently is $2000 per month and two-unit bedroom is $2,700 per month. Market rent for one unit bed room is $ 1,700 and two-unit is $2,400 per month. Market vacancy rate is 3.5%. The property generates $30 per month per occupied flat unit. What will be the Gross operating Income for property.Suppose that you are in the fall of your senior year and are faced with the choice of either getting a job when you graduate or going to law school. Of course, your choice is not purely financial. However, to make an informed decision you would like to know the financial implications of the two alternatives. Let's assume that your alternatives are as follows: If you take the "get a job" route you expect to start off with a salary of $40,000 per year. There is no way to predict what will happen in the future, your best guess is that your salary will grow at 5 percent per year until you retire in 45 years. As a law student, you will be paying $25,000 per year tuition for each of the 3 years you are in graduate school. However, you can then expect a job with a starting salary of $75,000 per year. Moreover, you expect your salary to grow by 7 percent per year until you retire 39 years later. Clearly, your total expected lifetime salary will be higher if you become a…Suppose that you are in the fall of your senior year and are faced with the choice of either getting a job when you graduate or going to law school. Of course, your choice is not purely financial. However, to make an informed decision you would like to know the financial implications of the two alternatives. Let's assume that your alternatives are as follows: If you take the "get a job" route you expect to start off with a salary of $35,000 per year. There is no way to predict what will happen in the future, your best guess is that your salary will grow at 4 percent per year until you retire in 44 years. As a law student, you will be paying $30,000 per year tuition for each of the 3 years you are in graduate school. However, you can then expect a job with a starting salary of $75,000 per year. Moreover, you expect your salary to grow by 8 percent per year until you retire 38 years later. Clearly, your total expected lifetime salary will be higher if you become a…