Amy works as a Real Estate Agent in Toronto, Ontario. She has applied for admission to...

 

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Amy works as a Real Estate Agent in Toronto, Ontario. She has applied for admission to the MBA program at Cape Breton University. If accepted, Amy will resign from her job in Toronto and move to Sydney, Nova Scotia. Amy has assembled the following data to help her make the decision: Amy's annual salary $68,000 Annual Tuition and fees 14,000 3,000 Annual book and school supplies expense Monthly living expenses in Toronto Monthly living expenses in Sydney Monthly auto expenses in Toronto Monthly auto expenses in Sydney Cost of two business suits (clothing) purchased just prior to resigning Moving Expenses 800 1,600 350 350 600 5,500 Required: A) Calculate the following in the context of Amy's decision: Total sunk costs (if any) b. Total differential or incremental costs (if any) Total opportunity costs (if any) a. C. B) What is your best estimate of the total cost to Amy of earning an MBA degree if it will take her 12 months to complete the program? C) Suppose you are Amy. What specific additional information would you need in order to make a rational decision to pursue and successfully complete the MBA program at Cape Breton University. Explain. Amy works as a Real Estate Agent in Toronto, Ontario. She has applied for admission to the MBA program at Cape Breton University. If accepted, Amy will resign from her job in Toronto and move to Sydney, Nova Scotia. Amy has assembled the following data to help her make the decision: Amy's annual salary $68,000 Annual Tuition and fees 14,000 3,000 Annual book and school supplies expense Monthly living expenses in Toronto Monthly living expenses in Sydney Monthly auto expenses in Toronto Monthly auto expenses in Sydney Cost of two business suits (clothing) purchased just prior to resigning Moving Expenses 800 1,600 350 350 600 5,500 Required: A) Calculate the following in the context of Amy's decision: Total sunk costs (if any) b. Total differential or incremental costs (if any) Total opportunity costs (if any) a. C. B) What is your best estimate of the total cost to Amy of earning an MBA degree if it will take her 12 months to complete the program? C) Suppose you are Amy. What specific additional information would you need in order to make a rational decision to pursue and successfully complete the MBA program at Cape Breton University. Explain.

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TA Calculate the Follocofng Amys decision in the context ... View the full answer