Supposed you are offered to work on a big company, with P20,000 monthly net income. But you are also considering another offer by a smaller firm with P8,000 semi-monthly net income but you can be promoted faster due to its smaller scaled organization will be receiving a P500.00 salary increased after 2.5 years. At 10% annual interest worth of money, on which offer will you be considering advantageous salary-wise after 5 years? Explain your answer

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 8EB: Shonda & Shonda is a company that does land surveys and engineering consulting. They have an...
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Supposed you are offered to work on a big company, with P20,000 monthly net income. But you are also considering another offer by a smaller firm with P8,000 semi-monthly net income but you can be promoted faster due to its smaller scaled organization will be receiving a P500.00 salary increased after 2.5 years. At 10% annual interest worth of money, on which offer will you be considering advantageous salary-wise after
5 years? Explain your answer

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