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LenaWriter [7]
3 years ago
6

From 2015 to 2016, the overall price level rose from 200 to 220. Over the same period, tuition rates at the local community coll

ege rose from $100 to $115 per credit hour. What can be concluded from the rise in tuition relative to overall inflation?
Business
1 answer:
vovikov84 [41]3 years ago
4 0

Answer:

We can conclude that tuition rates at the local community college are rising faster than overall inflation.

This is because from 2015 to 2016, the overall price level rose 10%, from 200 to 2020 (20 is the 10% of 200), while tuition rates rose 15% in the same period, from $100 to $115 (15 is obviously the 15% of 100).

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3 years ago
The comparative balance sheets for 2021 and 2020 are given below for Surmise Company. Net income for 2021 was $88 million.
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It can be deduced that the cash flow shows that the net cash provided by operating activities will be $58 million.

<h3>How to compute the statement of cash flow</h3>

<u>Cash flow from operating activities</u>

Net income = $54 million

Add: Depreciation $15 million.

Add: Bad debt = $6 million

Add: Amortization expense = $3

<u>Changes in operating assets and liabilities</u>

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