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Nastasia [14]
4 years ago
10

Dawn Swift discovered that 20 years​ ago, the average tuition for one year at an Ivy League school was​ $15,000. Today, the aver

age cost is​ $60,000. What is the growth rate in tuition cost over this 20minus−year ​period?A. 15.5%
B. 4.2%
C. 7.18%
D. 10.6%
Business
1 answer:
KATRIN_1 [288]4 years ago
7 0

Answer:

C. 7.18%

Explanation:

Formula for calculating growth rate

= (Current amount/initial amount) ^ 1/n - 1

Given that

Initial amount = 15000

Current amount = 60000

n = 20

Therefore,

Growth rate = (60000/15000)^1/20 - 1

= (4)^1/20 - 1

= 1.07177 - 1

= 0.07177

To percentage we multiply by 100

So,

= 0.07177 × 100

= 7.177%

Approximately

= 7.18%

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According to the Census Bureau, in October 2016, the average house price in the United States was $27,258. 6 years earlier, the
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Answer:

Annual increase is $1,108.4

Explanation:

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In 2010, average price was $20,608

Average increase in 6 years = $27,258.6 - $20,608 = $6,650.6

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3 years ago
Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the foll
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Answer:

Instructions are listed below

Explanation:

Giving the following information:

The high-low method involves taking the highest level of activity and the lowest level of activity and comparing the total costs at each level.

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February:

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March

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April

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May

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June

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July

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August

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September

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A) Variable cost= (Highest activity cost - lowest activity cost) / (Highest activity units - lowest activity units)

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B)  Q= 400

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In general, stability and survival strategies are defensive strategies, that is, strategies that seek to maintain the competitive position achieved by the company. This fact does not mean that the company cannot grow; in fact, on many occasions, to maintain market share growth is necessary (sustainable growth). In other cases, these strategies involve a decrease (organizational downsizing, outsourcing or outsourcing of activities).

These strategies are designed for the level of corporate strategy, although they can also be adopted for competitive or business strategies, as they allow the analysis for each business or activity to which the company is engaged.

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