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nata0808 [166]
2 years ago
12

"University A sets tuition at the equilibrium level based on price and then imposes entrance requirements in the form of minimum

high school GPA and SAT scores. Enrollment at this school will likely be"
Business
1 answer:
barxatty [35]2 years ago
3 0

Answer:

Enrollment in this school will likely be below the equilibrium level.

While the price of tuition has been set at the equilibrium level, and as a result, the demand for tuition is also at the equilibrium level (the demand is the amount of students that want to enroll in university A), the amount of students that will enroll will likely be below equilibrium because the University is using non-pricing mechanisms to restrict demand: minimum GPA and SAT scores.

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noname [10]

Answer: b. external information search

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3 years ago
On January 1, 2020, Morgan Enterprises issued 8%, 20-year bonds with a face amount of $5,000,000 at 101. Interest is payable ann
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Explanation:

The journal entries are shown below:

1. Cash A/c Dr  $ 5,050,000

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2. Interest Expense A/c Dr $3,97,500

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3 years ago
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3 0
3 years ago
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