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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The minimum wage in Mississippi of $725 per hour and you work 50 weeks a year, 40 hours each week. How much will you get in gross wages for that whole entire year of working full time all but 2 weeks (off for travel, sickness, holidays, and vacation)? a. about $45,000 b. about $14,500 c. about $16,500 d. about $30,000 e. about $25,000
Marcus can choose between a monthly salary of $1,500 plus 5.5% of sales or $2,400 plus 3% of sales. He expects sales between $5,000 and $10,000 a month. Which salary option should he choose? Explain
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You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangements. You can have $79,000 per year for the next two years, or you can have $68,000 per year for the next two years, along with a $24,000 signing bonus today. The bonus is paid immediately, and the salary is paid in equal amounts at the end of each month. If the interest rate is 9 percent compounded monthly, what is the value today of each option? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Your new job offers a savings plan that pays 0.75 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 $100 a month for the next 28 years. How much will you have in this savings account in 33 years? Round your answer to two decimals. $ Another perk of your new job is that, after 5 years with the company, you will also get an increase of $125 in your monthly salary. Assume you would stay with the company for 28 more years after getting the salary increase, and that you discount at 0.75 percent each month. What is this salary increase worth to you today? Round your answer to two decimals.
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Business Decision: you are the owner of an apartment building that is being offered for sale for $1,500,000. You receive an offer who wants to pay you $500,000 now, $500,000 in six months and $500,000 in one year. You accept an offer of $500,000 now. $500,000 in 6 months and $500,000 in 1 year with 12% interest compounded monthly on the two delayed payments. Calculate the total purchase price.

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