The average change in the tuition in the school is $1748.30 per year
<h3>How to find the average rate of change</h3>
The formula would be
y2 -y1 / x2 - x1
The value for y1 = 19890
y2 = 30380
x2 = 2011
x1 = 2005
We would have to put these values in the formula that we have above such that we would be having:
30380 - 19890 / 2011 - 2005
10490 / 6
= $1748.30
Hence we would say that the average rate of change is $1748.30 per year.
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Answer:
Worth of scholarship today = $1,000,000
Explanation:
<em>The value of the scholarship can be determined using the present value of a growing perpetuity. A growing perpetuity is an indefinite annual payment that increases by a constant percentage.</em>
<em>The applicable formula is given below;</em>
<em>PV = A/r-g</em>
A-annual payment one year from now - 35,000
r- interest discount rate - 9.,
g- growth rate - 5.5
The value of the gifts today
= 35,000/(0.09-0.055)
= $1,000,000
Answer:
Sticker price is the published tuition and fees whereas net price is what the student pays after financial aid (much lower than sticker price).
Hope this helped! :)
<h2>Luke cannot sell the product because patent is already been issued to the similar product.</h2>
Explanation:
According to the given scenario, Luke though he is an inventor and he has created a product which is similar to already patented, Luke is not allowed to sale based on the patent rule.
Since there is a patent right obtained by someone for similar product, then what Luke is trying to do is against the Patent law.
Luke cannot prove that he already had an idea. Any law always needs a proof than a statement.
Luke may be punishable under the patent law if he tries to sell his invention.
The amount of cash received from customers during the reporting period if its net sales are $73 million is $82 million.
Using this formula
Cash Received from Customers = Net Sales + Decrease in Accounts Receivable
Where:
Net sales=$73 million
Decrease in Accounts Receivable=$9 million
Let plug in the formula
Cash Received from Customers=$73 million+$9 million
Cash Received from Customers =$82 million
Inconclusion the amount of cash received from customers during the reporting period if its net sales are $73 million is $82 million.
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