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makvit [3.9K]
3 years ago
7

Both Phoebe and Connor are trying to maximize their lifetime income. Each has a different plan on how to do it best. Phoebe clai

ms that she wants a career with no college or trade school requirements because she could save the money for retirement rather than spending it on education. She estimates her average yearly salary at $35,000 a year with no post-secondary education requirements. Connor claims post-secondary education will help him get a career with a higher salary and more benefits he can use in retirement so the education costs will more than pay for themselves. Connor estimates his average yearly salary at $60,000 after earning a college degree.
Which statement about their claims is correct?



A. Phoebe is correct because a college education is overly expensive and is almost a waste of money.

B. Phoebe is correct because she might save $60,000 for not attending college and $140,000 by earning money while others are in college. The college graduates would never be able to make up that difference in earnings.
C. Connor is correct because he is likely to earn a higher salary throughout his career. By earning by only $11,000 more in salary, he could make up the difference over the life of his career. He is also likely to have more employee benefits to save for his retirement.
D.Connor is correct because a person without a college degree will never be able to support himself.
Business
2 answers:
andrew11 [14]3 years ago
7 0
The correct answer is C. By attending college, Connor actually stands better prospects to earn a significant salary throughout his lifetime. Employees having gone through post-secondary education generally earn more income than those who have not studied till college. The simple reason is, by attending college, you acquire sharper knowledge and insights of disciplines you wouldn't otherwise have access to. You get skills that are in line with a demanding and fast-paced environment. People often regret not attending college because they could have grabbed a certificate that could have been a stepping stone for professional opportunities and higher incomes.
Paul [167]3 years ago
4 0

Answer:

C

Explanation:

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A ____ is a graph of decisions and their possible consequences.
Free_Kalibri [48]

decision tree

Explanation :

A decision tree is a graph of decisions and their possible consequences; it is used to create a plan to reach a goal. Decision trees are used to aid in making decisions.

6 0
3 years ago
I want to start my own brand & build a fashion empire. Should I go to a fashion college or to a business school?
Iteru [2.4K]

Answer:

Honestly, business would be much better for you. Learning business will give you many more opportunities and learn how to sell your products. Business will help you with marketing, pricing, discounting, and know how to "not get effed over." I believe that would be much better for you THEN go to fashion college.

8 0
2 years ago
Jean's Fitness Club provides monthly memberships as well as personal training sessions. The personal trainers earn 50% of the re
kiruha [24]

Answer:

c. $175,500

Explanation:

Revenue                                                        $140,000

Training revenue                                          $75,000  

Product Sales                                               <u>$65,000  </u>

Total Revenue                                              $280,000

Variable Expenses

Personal trainer wages expense $70,000

Cost of Product sold                     $35,000

Total Variable Cost                                       (<u>$105,000)</u>

Contribution margin / operating income     $175,000

Fixed Costs

Space rental expense                  $11,000

Depreciation expense                 $6,000

Rental insurance expense           $3,000

Front desk staff wages expense $12,000

Total Fixed cost                                             (<u>$32,000)</u>

Net Income                                                    <u>$143,000</u>

8 0
3 years ago
assume you take a first and second loan on a commercial property; both are interest-only loans with one financing 60% of the pur
Juliette [100K]

If you look at the information in the question, you'll notice that the return is less than the cost of borrowing (loan interest rate) (ATIRR). This indicates that there is negative leverage and that the property cannot utilise it.

Positive leverage would be created in the first year if the property was purchased with expected returns equivalent to leverage.

Financial leverage is the process of using borrowed money (debt) to buy assets in the expectation that the income from the new asset or capital gain would outweigh the cost of borrowing. The leverage is summed up in this idea. By using debt (loan money), or leverage, we mean to increase the profits on an investment or project.

Leverage allows investors to increase their market buying power.

Leverage is a tool used by businesses to finance their assets. Rather than issuing stock to raise money, businesses can use debt to finance operations in an effort to boost shareholder value.

The most popular financial leverage ratios to determine how hazardous a company's position is are debt-to-assets and debt-to-equity.

To know more about Leverage visit:

brainly.com/question/29032787

#SPJ4

6 0
1 year ago
Which of the following is an analytical tool used in six-sigma quality improvement programs? A. LeadershipB. Pareto ChartsC. Man
ira [324]

Answer: Pareto charts

Explanation: Pareto chart is a tool common to all quality efforts which includes six sigma also. A pareto chart contains both bars and lines. In such a graph the individual values are presented in form of bar and the final value depicting the cumulative total is represented by the lines.

    Six sigma is a tool used by management to identify and remove the defects from a process thus making it more effective.

Hence, from the above we can conclude that right answer to this problem is Pareto charts.

7 0
3 years ago
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