Can you please help me answer this? I specifically need help with the second question but could use clarification on if my calculations are correct for the first question. Thank you!
Dominic Hunter, a second-year business student at the University of Utah, will graduate in two years with an accounting major and a Spanish minor. Hunter is trying to decide where to work this summer. He has two choices: work full-time on the assembly line at a bottling plant or work part-time in the accounting department of a meat-packing plant. He probably will work at the same place next summer as well. He is able to work 12 weeks during the summer.
The bottling plant will pay Hunter $380 per week this year and 7% more next summer. At the meat-packing plant, he could work 20 hours per week at $8.75 per hour. Hunter believes that the experience he gains this summer will qualify him for a full-time accounting position with the meat-packing plant next summer. That position will pay $550 per week.
Hunter sees two additional benefits of working part-time this summer. By working only part-time, he could take two accounting courses this summer (tuition is $225 per hour for each of the four-hour courses) and reduce his studying work load during the fall and spring semesters. Second, he would have the time to work as a grader in the university’s accounting department during the 15-week fall term and make additional income. Grading pays $50 per week.
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