Among these 3 jobs offer which one has more benefits and negative impacts for each position including the financial analysis. Make calculations in addition with explanations.
Among these 3 jobs offer which one has more benefits and negative impacts for each position including the financial analysis. Make calculations in addition with explanations.
Chapter2: Career Planning
Section: Chapter Questions
Problem 1DTM
Related questions
Question
Among these 3 jobs offer which one has more benefits and negative impacts for each position including the financial analysis. Make calculations in addition with explanations.
![Job Offer #3- Process Engineer in a mid-size chemical plant for a large international chemical
company
Duties include:
Supervise plant operating personnel
Troubleshoot operational issues as they arise
Propose, design and execute small-scale process upgrade projects as the need arises
Locations - Outside of Dayton, Ohio
Salary - $68,000. Potential for 10% yearly bonus if operational targets for plant production and
profitability are met.
Benefits:
Full medical with employee contribution of $50/month
401K plan with company matching 50% on first 6% of salary contributed to 401K
Travel Requirements - Ability to travel and go on field assignments for periods of 3-6 months.
State Taxes -State income tax of 5.75%
Housing:
Apartments in Dayton suburbs (3-10 miles to work): $800 for 1-bedroom (900 sq ft)
Rental Home in Dayton suburbs (3-10 miles to work): $1300 for 3-bedroom (2000 sq ft)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F02152486-4b3e-4971-933f-7bbbd61f61b8%2Fc1c5c8ba-3154-4345-a15a-591d5c585d08%2Ft5trnk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Job Offer #3- Process Engineer in a mid-size chemical plant for a large international chemical
company
Duties include:
Supervise plant operating personnel
Troubleshoot operational issues as they arise
Propose, design and execute small-scale process upgrade projects as the need arises
Locations - Outside of Dayton, Ohio
Salary - $68,000. Potential for 10% yearly bonus if operational targets for plant production and
profitability are met.
Benefits:
Full medical with employee contribution of $50/month
401K plan with company matching 50% on first 6% of salary contributed to 401K
Travel Requirements - Ability to travel and go on field assignments for periods of 3-6 months.
State Taxes -State income tax of 5.75%
Housing:
Apartments in Dayton suburbs (3-10 miles to work): $800 for 1-bedroom (900 sq ft)
Rental Home in Dayton suburbs (3-10 miles to work): $1300 for 3-bedroom (2000 sq ft)
![Job Offer #1 - Research Associate in a small private bioengineering research & development company
Duties:
Assist in operations of pilot plant equipment (may require extended periods of time of
weekend and shift work).
Scale-up bench-scale processes to small pilot scale
Performing routine molecular biology duties such as DNA and RNA extraction
Locations - Cambridge, MA
Salary - $70,000; Potential stock options after 2 years of employment
Benefits:
Full medical with employee contribution of $100/month
401K plan with no matching company funds
Travel Requirements - 5-10% maximum
State Taxes - State income tax of 5.3%
Housing:
Apartments in Cambridge / Boston: $2300/month for 1-bedroom (900 sq ft)
Apartments in northern Boston suburbs - $1800/month for 2-bedroom townhouse (1300
sq ft)
Job Offer #2 – Associate Process Engineer for a large engineering & construction company
Duties include:
Perform process engineering calculations (e.g. equipment sizing, process simulations, etc.)
as assigned
Create support documentation for project design
Participate in plant start-ups
Locations - Houston, Texas
Salary - $74,000. No potential for stock options.
Benefits:
Full medical with employee contribution of $250/month•
401K plan with company matching 50% on first 6% of salary contributed to 401K
Travel Requirements - Ability to travel and go on field assignments for periods of 3-6 months.
State Taxes - None
Housing:
Apartments in metro Houston (3-5 miles to work): $1500/month for 1-bedroom (900 sq ft)
Apartments in Houston suburbs (25 miles to work)- $1150/month for 2-bedroom
townhouse (1000 sq ft)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F02152486-4b3e-4971-933f-7bbbd61f61b8%2Fc1c5c8ba-3154-4345-a15a-591d5c585d08%2Fcy0jo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Job Offer #1 - Research Associate in a small private bioengineering research & development company
Duties:
Assist in operations of pilot plant equipment (may require extended periods of time of
weekend and shift work).
Scale-up bench-scale processes to small pilot scale
Performing routine molecular biology duties such as DNA and RNA extraction
Locations - Cambridge, MA
Salary - $70,000; Potential stock options after 2 years of employment
Benefits:
Full medical with employee contribution of $100/month
401K plan with no matching company funds
Travel Requirements - 5-10% maximum
State Taxes - State income tax of 5.3%
Housing:
Apartments in Cambridge / Boston: $2300/month for 1-bedroom (900 sq ft)
Apartments in northern Boston suburbs - $1800/month for 2-bedroom townhouse (1300
sq ft)
Job Offer #2 – Associate Process Engineer for a large engineering & construction company
Duties include:
Perform process engineering calculations (e.g. equipment sizing, process simulations, etc.)
as assigned
Create support documentation for project design
Participate in plant start-ups
Locations - Houston, Texas
Salary - $74,000. No potential for stock options.
Benefits:
Full medical with employee contribution of $250/month•
401K plan with company matching 50% on first 6% of salary contributed to 401K
Travel Requirements - Ability to travel and go on field assignments for periods of 3-6 months.
State Taxes - None
Housing:
Apartments in metro Houston (3-5 miles to work): $1500/month for 1-bedroom (900 sq ft)
Apartments in Houston suburbs (25 miles to work)- $1150/month for 2-bedroom
townhouse (1000 sq ft)
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 5 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Intermediate Financial Management (MindTap Course…](https://www.bartleby.com/isbn_cover_images/9781337395083/9781337395083_smallCoverImage.gif)
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
![Intermediate Financial Management (MindTap Course…](https://www.bartleby.com/isbn_cover_images/9781337395083/9781337395083_smallCoverImage.gif)
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
![EBK CONTEMPORARY FINANCIAL MANAGEMENT](https://www.bartleby.com/isbn_cover_images/9781337514835/9781337514835_smallCoverImage.jpg)
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT