A. Number Cruncher #1 - p.73 1. In preparing this problem you need to make several decisions before gathering your data.

a) Determine what the present cost of riding the bus to work vs the cost of driving to work, to the new job. (See Ch 5 p. 135 regarding cost per mile)

b) Determine how much it costs to buy lunch at the employees cafeteria vs the cost for lunch at a restaurant. (New employer has no cafeteria)

c) Determine how much more it will cost on the new job to upgrade your wardrobe since it will require more fashionable clothes.

d) Include any added incidental costs, such as drinks, snacks, happy hours that you might spend at the new job vs what you spend at the old job.

2. After determining all the costs associated with the new job vs what you spend on the old job (commuting, clothes, lunches, etc.), determine how much more income you will need from the new job to cover your increase in expenses. Show all calculations.

Number Crunchers Do the calculations to make decisions in these real-life possibilities. 1. Your place of work is a quick bus is casual on and easy ride from home. the job, and there is a pleasant low-cost employees' cafeteria You have a new job possibility that's in an upscale area miles from your home. There's no mass transit to that place, have to drive. The new job would require more fashionable clothing, and all of the lunch-hour restaurants are pricey: You'd have to pay two to three times as much for a lunch as you now pay in the employees' cafeteria. Consid ering the expenses involved in this new job (commuting, clothing, lunches, etc.), how much of a pay increase would you have to get in order to earn the same take-home pay you're now earning? 2. You've become hooked on a new leisure pursuit golf? scuba diving? photography? skiing? You really want to get involved, but it's going to Number Crunchers Do the calculations to make decisions in these real-life possibilities. 1. Your place of work is a quick bus is casual on and easy ride from home. the job, and there is a pleasant low-cost employees' cafeteria You have a new job possibility that's in an upscale area miles from your home. There's no mass transit to that place, have to drive. The new job would require more fashionable clothing, and all of the lunch-hour restaurants are pricey: You'd have to pay two to three times as much for a lunch as you now pay in the employees' cafeteria. Consid ering the expenses involved in this new job (commuting, clothing, lunches, etc.), how much of a pay increase would you have to get in order to earn the same take-home pay you're now earning? 2. You've become hooked on a new leisure pursuit golf? scuba diving? photography? skiing? You really want to get involved, but it's going to