velue: 1.00 points Maria Turner has just graduated from college with a degree in
ID: 2516412 • Letter: V
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velue: 1.00 points Maria Turner has just graduated from college with a degree in accounting. She had planned to enroll immediately in the master's program at her university but has been oftered a lucrative job at a well-known company. The job is exactly what Maria had hoped to find after obtaining her graduate degree. In anticipation of master's program classes, Maria has already spent $450 to apply for the program. Tuition is $8,000 per year, and the program will take two years to complete. Maria's expected salary after completing the master's program is approximately $80,000. If she pursues the master's degree, Maria would slay in her current home that is near the campus and costs $600 per month in rent. She would also remain at her current job that pays $25,000 per year. Additionally, Maria's immediate family is nearby. She spends considerable time with family and friends, especially during the holidays. This would not be possible if she accepts the job offer because of the distance from her new location. The job Maria has been offered includes a salary of $50,000. She would have to relocate to another state, but her employer would pay the $5,000 for moving expenses. Maria's rent in the new location would be approximately S800 per month. The new location is a fast-growing, active city that offers a number of cultural activities that Maria would enjoy. The city is also home to Maria's favornte Major League Baseball team, and she would expect to buy season tickets. Required: 1. Help Maria make her decision by categorizing the factors involved in making her choice. Complete the following chart regarding the factors in Maria's decision. A single factor may have multiple columns checked. Relevant Irrelevant Sunk Cost Qualitative S450 spent on application fec S8,000 per year tuition S6D,00O salary with master's degree $600 per month current rent $25,000 current salary Time spent with famly and friends S50,000 new salary $5,000 moving expenses $800 rent per month in new localion Cultural activities in the new location Ability to have MLB season ticketsExplanation / Answer
Particluars Relevant Irrelevant Sunk Cost Qualitative $450 Spent on Application fees No yes Yes No $8000 Per Year Tuition Fees yes No No No $80000 Salary with Amster's Degree yes No No No $600 per Month Current Rent yes No No No $25000 Current Salary yes No No No Time Spent with Family and Friend yes No No Yes $50000new Salary yes No No No $5000 Moving Expense No yes No No $800 Rent Per Month in new Location yes No No No Cultural Activities in the new Location yes No No Yes Ability to have MLB Session Ticket yes No No Yes Particulars Amount Rent(800-600) $200.00 Salary per Year for the next two year ( 50000-25000) $25,000.00 Salary per Year after 2 year(60000-50000) $10,000.00 Moving Expense (Irrelevant)
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