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Simi is also wondering about the importance about maintaining accurate records. Her aunt Trina, a successful businesswoman, has warned her to not neglect saving and

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Simi is also wondering about the importance about maintaining accurate records. Her aunt Trina, a successful businesswoman, has warned her to not neglect saving and organizing paperwork. Simi also wants to make sure she has a solid understanding about how to perform important calculations to analyze profitability over the long-term, what analytical tools are most helpful, and how these tools can improve her business. While Simi typically despises nagging from her aunt, she did get a potential career opportunity from her yesterday. Cenk, the current owner of the local Spritzy Gas Station, is retiring. Hal, a friend of his, has agreed to buy a 50% share for $300,000 and Simi's aunt is willing to buy the other 50% share for $310,000. However, she will only close the deal ifSimi agrees to work at the station for a minimum of two years. Simi's aunt is willing to pay her half of the profits she is entitled to, or 25% ofthe gas station's annual profit, if Simi works 30+ hours a week [paid to Simi as bi-weekly salary). Simi is wondering how her hourly rate may compare to her other options

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