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,...
-
Aspero, Inc., has sales of approximately $500,000 per year. Aspero requires a short-term loan of $100,000 to finance its working capital requirements. Two banks are considering Asperos loan request...
-
A restaurant needed 14.5 lb of cooked meat to serve for dinner. The owner figured that the trimming and cooking waste was 27.5%. The cost of raw meat is $8.60 per pound. Find the price factor. 2....
-
Discuss the purpose of the Emergency Medical Treatment and Active Labor Act.
-
Ensign Landscape Design designs landscape plans and plants the material for clients. On April 1, there were three jobs in process, Jobs 39, 40, and 41. During April, two more jobs were started, Jobs...
-
The capital accounts of Hassan Khan and Dmitri Palovich have balances of $110,000 and $78,000, respectively, on January 1, 2014, the beginning of the fiscal year. On July 10, Khan invested an...
-
The following trial balance was extracted from the books of Old NV on 31 December 20X1. Note of information not taken into the trial balance data: (a) Provide for: (i) An audit fee of 38,000. (ii)...
-
This problem refers to right triangle ABC with C = 90 Begin the problem by drawing a picture of the triangle with both the given and asked for information labeled appropriately. If B = 51.88 and b =...
-
Using the formula, "total assets / total assets, or sum of percentages", calculate the total assets of table below, total assets is $545 Common Size Balance Sheets Assets 20XX 20XY Cash and cash...
-
Shane's Computers decides to invest in North Country Enterprises on January 2, 2018. The market rate of interest was 2% on January 2, 2018, so the $80,000 maturity value bonds will be sold for face...
-
How can the principles of process safety engineering be integrated into the design and operation of chemical plants to mitigate the risks associated with hazardous materials, reactive chemistries,...
-
How do the properties of complex fluids such as colloidal dispersions, polymer solutions, and emulsions influence their behavior in industrial processes such as food processing, pharmaceutical...
-
Omega Co. has annual sales of $250,000, costs of goods sold of $168,000, and assets of $335,000. Accounts receivable are $82,600. What is the receivables turnover?
-
Can a police officer put a checkpoint for a bus he knows a person is under investigation for financial crimes. Can he search the bus and people inside the bus. All drugs he may find he can charge...
-
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...
-
Many factors affect the economics of sport. What are some not discussed in the chapter? How do they affect financial management within the industry?
-
What is financial management? How does financial management differ in the sport industry as compared to other industries?
-
Which has the greater impact on financial management: the structure of a league or the structure of a team?
Study smarter with the SolutionInn App