Question

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 offered 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 $60,000. If she pursues the master's degree, Maria would stay 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 $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 The job Maria has been offered includes a salary approximately $800 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 favorite 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 $450 spent on application fee $8,000 per year tuition $60,000 salary with master's degree $600 per month current rent $25,000 current salary Time spent with family and friends $50,000 new salary $5,000 moving expenses $800 rent per month in new location Cultural activities in the new location Ability to have MLB season tickets

Answer 1

maria Twnes hay Just qaadua ed foum Relevemt oyali Sumk Particulas Role Jele tCtive vant vant COst $450 $penton APplication Fees YES yEs 8000 pes yeas tution NES s 60,000 salany with mastes's degre s 600 Pes month curacnt aent YES YES YES f 25000 Cunt salaay YES Trme sPent with family & Friends IS 50000 New solanY YES NES $ SO00 moving EXpense yeS YES KO ROnt pes mornth in new ocation $ Cultroca activiHes in the new location NEs Abllity to hove muB season tickeb NES YES YES 2 Iaentify differenticl amouni S 200 $ 25000 Rent Salany per yeau salam pes yeau afIer two ve moving EXPense f00 110 0ext two yea 10000 EXPLanation 200 $800(neco location)-F 600 (CUrent LOcOHon) 0Rent: Cs 50000-2500)-25000 salan for next two Years ( Aftes teoOYeas salar(G0000-650p00)- 10,0c6 Sin ce employes Pays the cos (4 moving FXP m01 elevant