Sajjad1994 wrote:
Pat is considering two offers from competing firms. Westside Widgets offers an annual salary of $50,000 with 2 weeks of paid vacation and benefits valued at $15,000 annually. Eastside Enterprises offers Pat a one-year contract with no benefits but a salary of $37.50 per hour. Pat considers both offers acceptable but will take the job that provides the greatest total compensation per workday. Find the value of each job per day, based upon a 40-hour workweek and 52 five-day weeks per year.
Westside Widgets offers an annual salary of $50,000 with 2 weeks of paid vacation and benefits valued at $15,000 can easily mean that the two weeks paid vacation is part of $15000.
40 hours week for a five day week would mean EIGHT hours per day. Westside WidgetsAs two weeks payment is for vacation, actual time one works is 50 week and gets paid $50000+$15000 or $65000
Now, per hour payment = \(\frac{65000}{50*40}\) or $32.5
So compensation per weekday = 32.5*8 = $260
Eastside EnterprisesThe value can be found straightway => 37.5*8 = $300