Lets say the cost of a 5 year college education including Masters Degree majorin

ID: 2454367 • Letter: L

Question

Lets say the cost of a 5 year college education including Masters Degree majoring in Accounting as a capital investment of $60,000.

Estimate that the college education would deliver an opening salary of $50,000 in the accounting profession with a combined BBA/Masters in Accounting.

1- Comment on methods you can use to evaluate this capital investment decision.

2- Detail your specific outcomes in regards to a 5 year bachelor's degree costing $60,000.

3- Comment on:

a- Earnings potential in Accounting Profession - Detail Salaries for Position

b- Professional certifications - Name and Describe How Used

c- Future cash flows

d- Job opportunities in Accounting Profession - Locally in NYC, Nationally and Internationally

e- The ability to work in any desired location of the USA - Where is your choice of location in the world; and what would Be your starting salary; and what would be your salary range after working 5 years?

Explanation / Answer

1. According to me, I will use the NPV method of capital investment among the three investment decisons methods. This is so because the NPV method takes accounts of future value and it will be appropriate in making decisions.

2. The below are some of the 5 year bachelor's degree outcomes which is costing $60,000

(a) We will be academically prepared for a managerial career

(b) Will have the necessary attitudes and skills to become more productive employees, and to continue learning

(d) Understand a specific area of business practice in depth

3. Comments:

(a)

Consider as example,

Professional Accountant

$70,000

Professional Accountant/Analyst

$50,000

Accounting Professional II

$35,000

Professional Staff Accountant

$55,000

(b)

1. Professional project management. .
2. Foreign language. .
3. Corporate training.

4. Desktop support administration.

5. Personal fitness training
6. Professional sales
7. Web design and development.

8. Certified clinical medical assistant.