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I will thumbs up If answered correctly and completely. Thanks. You receive two job offers in the same big city. The first job is close

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I will thumbs up If answered correctly and completely. Thanks.

You receive two job offers in the same big city. The first job is close to your parents' house, and they have offered to let you live at home for a year so you won't have to incur expenses for housing, food, or cable and Internet. This job pays $41,000 per year. The second job is far from your parents' house, so you'll have to rent an apartment with parking ($12,500 per year), buy your own food ($2,250 per year), and pay for your own cable and Internet (5500 per year). This job pays $46,000 per year. You still plan to do laundry at your parents' house once a week if you live in the city, and you plan to go into the city once a week to visit with friends if you live at home. Thus, the cost of operating your car will be about the same either way. In addition, your parents refuse to pay for your cell phone service (5700 per year). Read the requirements Requirement 1. Based on this information alone, what is the net difference between the two alternatives (salary, net of relevant costs)? Begin by computing the net salary for each alternative. (Complete all input fields. Enter a "0" for any zero balances.) Job # 1 Job #2 Salary Less: Relevant expenses Salary, net The net difference between the two jobs is I would save this much money if I chose Requirement 2. What information is irrelevant? Why? The irrelevant because they Requirement 3. What qualitative information is relevant to your decision? I might consider whether I would benefit if I Requirement 4. Assume you really want to take Job #2, but you also want to live at home to cut costs. What new quantitative and qualitative information will you need to incorporate in your decision? If I want Job #2 and I want to live at home, I will benefit by the However, I will need to factor in Qualitatively, I will want to consider whether the I would save this much money if I chose Requirement 2. What information is irrel The to live at home and take Job #1 to live at home and take Job #2. to rent an apartment and take Job #1. to rent an apartment and take Job #2. Requirement 3. What qualitative informa Requirement 2. What information is irrelevant? Why? The irreleva Regi costs of doing laundry, operating the car, and paying for cell phone service are I mig costs of food, rent, and cable TV are Requ salaries earned are irrelevant because they would benefit if I mome to cut costs. Whatr differ between the two alternatives do not differ between the two alternatives will be increasing over time I might consider whether I would I Requirement 4. Assume 0 If I want Job #2 and I wan I would like to live with my parents again the cost of doing laundry at my parents will be too much the cost of operating my car will be too much I would benefit if I home to cut costs. lived at home rented an apartment I may decide it isn't worth it I might end up paying my parents rent I might have to pay more taxes Requirement 4. Assume you really want to take Job #2, but you also want to live at home to cut costs. What new If I want Job #2 and I want to live at home, I will benefit by the Howe lower salary and the higher living expenses higher salary and the lower living expenses However, I will need to factor in Qualita the chance that my parents would want me to pay some rent the chance my car breaks down the higher costs of commuting to work by car (gas, tolls, service) or train (fare) Qualitatively, I will want to consider whether the risk of my car breaking down is too high time spent commuting is better than hanging around the apartment time spent commuting is worth the extra money I will be netting from living at home

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