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25 Oct 2023, 08:27
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Daily value of Westside Widgets job: $260
Daily value of Eastside Enterprises job: $300
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
65%
(hard)
Question Stats:
74% (03:15) correct
26%
(03:31)
wrong
based on 1209
sessions
History
Date
Time
Result
Not Attempted Yet
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.
| Daily value of Westside Widgets job | Daily value of Eastside Enterprises job | |
| $200 | ||
| $220 | ||
| $240 | ||
| $260 | ||
| $280 | ||
| $300 |
ShowHide Answer
Official Answer
Daily value of Westside Widgets job: $260
Daily value of Eastside Enterprises job: $300
27 Oct 2023, 20:45
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Sajjad1994
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 Widgets
As 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 Enterprises
The value can be found straightway => 37.5*8 = $300
23 Jul 2024, 07:23
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At Westside Widgets, Annual salary = $50,000 with 2 weeks of "paid vacation" and benefits valued at $15,000 annually. Doesn't it look ambiguous for the following reason?:-
Thought process: Annual Salary= 50,000 + 15,000= 65,000. Now, as 2 weeks of "paid vacation" we further calculate and add the monetary value of these 2 weeks, i.e., 10 workdays (or 80 hours), which could further be calculated by calculating per day salary (either 50,000/ total workdays or 65,000/total workdays).
Thought process: Annual Salary= 50,000 + 15,000= 65,000. Now, as 2 weeks of "paid vacation" we further calculate and add the monetary value of these 2 weeks, i.e., 10 workdays (or 80 hours), which could further be calculated by calculating per day salary (either 50,000/ total workdays or 65,000/total workdays).
