Which conclusion is more effective and why

Assignment Help Finance Basics

Reference no: EM133924788

Problem

Reflections and Conclusions: Throughout the semester, beginning with your Ch 1 Assessment, you will be asked to write reflections and conclusions. Below are two conclusions to the bank teller example problem. Based on the calculations derived from hypothetical values (which should be replaced with actual values you possess), you would decide whether to ask for a higher salary. In a real scenario, if the future discretionary income is less than or only slightly above your current income, it would be wise to negotiate for a better salary. Get the instant assignment help. Read both conclusions below. Discuss the positives and negatives of each conclusion. Which conclusion is more effective and why?

Conclusion I: I conclude that I need to ask for money to make the assistant manager position worth it. If I can't get more money, I am better off sticking with my bank-teller job. I'd be happy with the new job, but I am also happy with my current job. The thought of moving doesn't sound that good to me and so unless they increase the salary, I'm just going to stay put.

Conclusion II: From a purely financial perspective, I need to ask for more money to make the assistant manager position worth the move. Though my salary for the assistant manager position is higher, $49,000 per year compared to the $40,000 I make as a bank-teller, I would have less discretionary income after factoring in taxes and living expenses. My calculations above show that after paying taxes and bills, I have $6,400 per year left.

Reference no: EM133924788

Questions Cloud

What is the next step in accounting cycle : What is the next step in accounting cycle after adjusting entries

Determine the proper tax year for gross income : If the $120 is payment on a three-year contract, how much is taxed in the year the contract is sold and in the following years

What will helen receive as the death benefit : Gerry has a paid-up whole life insurance policy on his life with a face value of $250,000. What will Helen receive as the death benefit?

What causes an actual book effective tax rate to not equal : What causes an actual book effective tax rate to not equal a corporation's hypothetical tax rate?

Which conclusion is more effective and why : Read both conclusions below. Discuss the positives and negatives of each conclusion. Which conclusion is more effective and why?

Considering converting one of its unused office buildings : Discuss, with supporting calculations where applicable, the VAT consequences if Bayshore Holdings Ltd converts the office building into residential

Which statements corresponds to the internal return rate : The business analyst has included in case of business different valuation techniques. Which statements corresponds to the internal return rate of the project?

What is marxism : What is Marxism? What is Marxism critique of the relationship between workers and bosses? Who are the capitalist?

Controls are not tested and found to be effective : Controls are not tested and found to be effective? Describe two substantive audit procedures that are always performed for costs and expenses

User Account

All Pages