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kondaur [170]
3 years ago
10

Candy is trying to decide between two job offers. The compensation package for job A includes a $300-per-month health insurance

plan, to which Candy would contribute $95; a $40-per-month life insurance plan; a salary of $65,000 per year; and a 5% match on 401(k) contributions. The compensation package for job B includes a $400-per-month health insurance plan, to which Candy would contribute $105; a $50-per-month life insurance plan; a salary of $64,000 per year; and a 9% match on 401(k) contributions. Candy plans to contribute $8000 per year to her 401(k) plan.
Part 1. What is the yearly value of the health insurance benefit from job A? How about the yearly value of the health insurance benefit from job B?

Part 2. What is the yearly value of the life insurance benefit from job A? How about the yearly value of the life insurance benefit from job B?

Part 3. What is the yearly value of the 401(k) match from job A? How about the yearly value of the 401(k) match from job B?
Business
1 answer:
miskamm [114]3 years ago
4 0

Answer:

Part 1. Monthly  health insurance benefit for job A is $205

Yearly health insurance benefit for job A is $2,460

Monthly  health insurance benefit for job B is $295

Yearly health insurance benefit for job B is  $3,540

Part 2. The yearly value of the life insurance policy for job A is $480

The yearly value of the life insurance policy for job B is $600

Part 3. The yearly value of the 401 (k) match from job A is $3, 250

The yearly value of the 401 (k) match from job B is $5, 760

Explanation:

Part 1. The health insurance benefit per month for job A = $300 - $95 = $205

The annual health insurance benefit = $205×12 = $2,460

The health insurance benefit per month for job B = $400 - $105 = $295

The annual health insurance benefit = $295×12 = $3,540

Part 2. The monthly life insurance plan for job A = $40

The yearly value of the life insurance policy for job A = $40 × 12 = $480

The monthly life insurance plan for job B = $50

The yearly value of the life insurance policy for job B = $50 × 12 = $600

Part 3. The yearly value of the 401 (k) match from job A = 0.05 × $65,000 = $3, 250

The yearly value of the 401 (k) match from job B = 0.09 × $65,000 = $5, 760

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Answer:

For better visualization, the answer is presented in a table

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Procedure details described below:

Explanation:

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The rent is an expense is an incurred cost to continue the operations of the business It decreases the equity and asset (cash used to pay the rent)

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The fees are revenue from the business operations this is a realized gain, therefore, increases equity. Also, Assets increase as cash is an asset.

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There is no change in the quantities but, the composition of the asset did change. Cash decrease while equipment increase.

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Like rent, this is an incurred cost(expense) It decreases Equity also, assets as we use cash to pay it.

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Exactly like the previous time, a realized gain generates an increase in equity and assets.

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The dividends are paid to the company's owners thus, the cash leaves the company into the owner's pocket. Both, assets and equity decrease (as there are fewer assets available for the owners to take)

<em />

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The interest also is an incurred cost thus, like salaries and rent expense we decrease equity and assets.

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