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kramer
3 years ago
12

This year, the annual tuition at a public four-year university is $5,290. Next year when Jarrod attends his first year, the tuit

ion is expected to increase 4. 5%. Jarrod has 1 year to save the amount of money equal to the tuition for his first year. What is the approximate minimum amount Jarrod should save monthly? $441 $461 $553 $639.
Business
1 answer:
xxMikexx [17]3 years ago
5 0

The correct statement is that the minimum contribution to be saved by Jarrod on a monthly basis should be $461. So, the correct option from the choices given above is B.

The monthly contribution can be calculated by taking into consideration the rise in tuition fee and then dividing such obtained amount by number of months left for such accomplishment of savings.

<h3>Calculation of monthly contribution.</h3>

  • The formula for calculation of tuition fees of university will be computed by the formula using the given information as,

  • \rm Tuition\ Fee = Current\ Fee+ Increment \\\\\rm Tuition\ Fee= 5290 + 4.5\%\\\\\rm Tuition\ Fee= \$5528.05

  • The monthly contribution can be calculated by using the available values in the formula as,

  • \rm Monthly\ Contribution= \dfrac{Tuition\ Fee}{Period}\\\\\\\rm Monthly\ Contribution= \dfrac{5528.05}{12}\\\\\rm Monthly\ Contribution=\$ 460.7

  • So the approximate monthly contribution to be made by Jarrod will be $461 every month.

Hence, the correct option is B that the approximate minimum monthly contribution to be made by Jarrod to save for university tuition fee will be $461.

Learn more about monthly contribution here:

brainly.com/question/6189853

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The correct answer is option D.

Explanation:

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The unemployment rate is calculated on the basis of data collected through a monthly survey called the current population survey.

The part of the adult population which is either working or do not have a job but are actively looking for one are included in labor force. Discouraged workers or those who are unemployed but not looking for jobs actively are not included.

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All full time and part-time workers are counted as employed.

6 0
3 years ago
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8 0
3 years ago
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Question 1 (1 point) One of the ways rent control is inefficient is that it leads to: a markets that maximize total surplus. b h
andre [41]

One of the ways that rent control is inefficient is that it has high opportunity costs associated with wasted time for apartment seekers.

<h3>What is rent control?</h3>

This is the term that is used to explain the control that the government of a country has on landlords that lease their houses out to tenants.

It puts a limit on the amount of money that landlords of houses can collect as the rent for their houses.

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7 0
2 years ago
Glavine Company issues 6,000 shares of its $5 par value common stock having a fair value of $25 per share and 9,000 shares of it
almond37 [142]

Answer:

                                                                                        $

Market value of common stocks   (6,000 x $25)  = 150,000

Market value of preferred stocks (9,000 x   $20) = 180,000

Market value of the company                                    330,000

Proceeds allocated to common stocks

= $150,000/$330,000 x $312,000

= $141,818

The correct answer is B

Explanation:

The market value of the company is the aggregate of market value of common stocks and market value of preferred stocks.The market value of each stock is equal to number of each stock outstanding multiplied by market price per share. Thus, the proceeds allocated to common stock equals the market value of equity divided by market value of the company multiplied by the lump sum.

4 0
3 years ago
Values are a. acceptable behavior as defined by the company and industry. b. enduring beliefs and ideals that are socially enfor
Mrrafil [7]

Answer:

b. enduring beliefs and ideals that are socially enforced.

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The common belief of a common individual to take the decision of good or bad by his own, with some values related to ethics is all in context of values.

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Therefore, correct answer is:

b. enduring beliefs and ideals that are socially enforced.

3 0
3 years ago
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