The Problem: You have graduated with your four year degree, interviewed for several jobs and you...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The Problem: You have graduated with your four year degree, interviewed for several jobs and you have two offers (for similar positions at similar companies) that you are considering. Each offer contains the starting salary for the first five years at the job. You will need to use what you have learned in this unit about systems of equations to analyze each of these offers and determine which one is the best monetary offer. You can follow the steps below to complete the problem. Step 1 - Place each of the sets of data into Desmos, create a graph of the data which includes best fit trend lines for each set of data. Step 2 - Answer each of the following questions: 1. How many years will you have to work your job before you make the same amount of money with both offers? 2. State the points where the two lines cross. 3. What is the significance of the y value at the point where the lines cross? 4. State the equation of each best fit line in the form y=mx+b Step 3 - Use either the substitution method or the elimination method and the two equations of your best fit lines to confirm the point at which the two lines cross. Be sure to show and submit all work. Step 4- Answer the following questions: 5. Did you solution for step 3 exactly match the point of intersection from step 1? Explain why or why not. 6. Under what conditions would offer 1 be the better financial choice? 7. Under what conditions would offer 2 be the better financial choice? 8. What did you learn or find interesting about this problem? The Problem: You have graduated with your four year degree, interviewed for several jobs and you have two offers (for similar positions at similar companies) that you are considering. Each offer contains the starting salary for the first five years at the job. You will need to use what you have learned in this unit about systems of equations to analyze each of these offers and determine which one is the best monetary offer. You can follow the steps below to complete the problem. Step 1 - Place each of the sets of data into Desmos, create a graph of the data which includes best fit trend lines for each set of data. Step 2 - Answer each of the following questions: 1. How many years will you have to work your job before you make the same amount of money with both offers? 2. State the points where the two lines cross. 3. What is the significance of the y value at the point where the lines cross? 4. State the equation of each best fit line in the form y=mx+b Step 3 - Use either the substitution method or the elimination method and the two equations of your best fit lines to confirm the point at which the two lines cross. Be sure to show and submit all work. Step 4- Answer the following questions: 5. Did you solution for step 3 exactly match the point of intersection from step 1? Explain why or why not. 6. Under what conditions would offer 1 be the better financial choice? 7. Under what conditions would offer 2 be the better financial choice? 8. What did you learn or find interesting about this problem?
Expert Answer:
Answer rating: 100% (QA)
ANSWER The present value of an increasing annuity 72 P 1 T9 19 72 P 1 T9 19 72 P 1 T9 19 11 P First ... View the full answer
Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
Posted Date:
Students also viewed these accounting questions
-
ON 7 As assistant to the CFO of Boulder Inc., you must estimate the Year 1 cash flow for a project with the following data. What is the Year 1 cash flow? Do not round the intermediate calculations...
-
You have graduated with a business degree, and you have worked for three years for a small management consulting firm. Ivan Steeger (1352 Bull Run Road, Milltown, OR 97111) is a client who has been...
-
Transcribed image text: Follow the steps below to complete Comprehensive Problem 1 Part 1 using Cengage General Ledger. The problem is in three parts, each graded separately. When you begin the...
-
Pls Show the answers and explanation 5. AJD Company had a production run of 8,000 pairs of jeans during the last week of June, with the following unit costs: Final inspection revealed that 600 pairs,...
-
Danny Venable, the new controller of Seratelli Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2014. Here are his findings: All...
-
The South African firm De Beers was responsible for the well-known ad line "A Diamond Is Forever." Notably, the firm's advertisements never mentioned the De Beers brand name. Why would only a...
-
Gorman Enterprises sells on account. When a customer account becomes four months old, Gorman converts the account to a note receivable. During 2010, Gorman completed these transactions: Requirement...
-
On July 1, 2013, $6 million face amount of 7%, 10-year bonds were issued. The bonds pay interest on an annual basis on June 30 each year. The market interest rates were slightly higher than 7% when...
-
need perfect answer please Jason purchased an old car for $1000. He spent $5200 rebuilding and auctioning it. A dealer states at auction Jason has a 60% chance of selling the car at $40,000; a 25%...
-
Kepler's second law states that as a planet moves around in its orbit, it sweeps out equal areas in equal times. Examine the following figure, which shows a planet (blue dot, labeled "E"), orbiting...
-
15 Bill and Ted each run their own business. Bill is a sole proprietor while Ted is the sole shareholder of his company. Bill's marginal tax rate is 40% while Ted's corporation has a tax rate of 12%,...
-
What are the major technological trends materially influencing the provision of financial services? How is the competitive landscape shaping adoption of these new technologies around the globe? How...
-
per yr III. Asset historical cost is $ 25,500. Salvage is 5,000. Useful life is 3 years. Asset was purchased on January 1, 2023. Using the Double Declining Balance method, calculate the following:...
-
a) With the aid of an appropriate diagram, show the relation between shear stress and the velocity gradient du/dx for: i) water; [2 marks] ii) non-drip paints (shear thickening). [2 marks] b)...
-
E8.2 Compute the theoretical ACF of the following processes: (i) v[k] e[k] + 0.8e[k - 1] + 0.15e[k - 2] (ii) v[k] = 0.95v[k 1] + e[k] (iii) v[k] = 0.4v[k 1] + e[k] +0.6e[k - 2] (iv) v[k] = -0.7v[k -...
-
On January 1, 2023, Flounder Corporation, a public company following IFRS, acquired 17,400 of the 58,000 outstanding common shares of Noah Corp. for $27 per share. Noah's statement of financial...
-
What are the cultural implications of what African Americans do with their money? explain
-
Orange juice producers are dismayed and puzzled. An economist told them that the reason the demand for orange juice fell is that a new technology allow tomato producers to pick ripe tomatoes more...
-
Asia Company purchased a building on March 1, 1985 at a cost of $4 million. For financial reporting purposes, the building was being depreciated over 372 months at $10,000 per month. The remaining...
-
Why is it a bad sign if cash flow from operations is consistently negative?
-
Argyle Company has the following account balances at December 31, 2004. During the year, Argyle had 10,000 shares of stock outstanding. Argyle Company Account Balances at December 31, 2004 Account...
-
To compute the Global Warming Potential of a refrigerant (a) HFC-134a is used as a reference gas (b) Hydrocarbon is used as a reference gas (c) \(\mathrm{CO}_{2}\) is used as a reference gas (d)...
-
Liquefaction can be achieved through (a) Expansion of gas through a work-producing device (isentropic expansion) (b) Joule-Thomson expansion (isenthalpic expansion) (c) Exchange of heat at constant...
-
To estimate the Ozone Depletion Potential of a refrigerant (a) \(\mathrm{CFC}-11\) is used as a reference gas (b) \(\mathrm{CFC}-12\) is used as a reference gas (c) \(\mathrm{CO}_{2}\) is used as a...
Study smarter with the SolutionInn App