You have an absolutely brilliant child who is six years old and will be attending a private college
in twelve years. You know that a four-year college now costs at least $30,000 per year, including
tuition, books, and room and board.
The cost of sending a child to college has increased by 7
percent per year, and you believe this will be true for the next twelve years. How much will the
annual tuition be when your child is eighteen?
A) $67,565.75 B) $66,320.44 C) $60,365.89 D) $45,000.00
A
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How would you classify a leader who has certain rights and privileges that allow him or her to reward or discipline employees?
A. formal B. official C. informal D. authorized
Which of the following is correct?
a. The fair value of internally generated intangible assets should be estimated and recorded on the books of the entity that developed the assets even in the absence of a business acquisition. b. The fair value of internally generated intangible assets may be estimated but should not be recorded on the books or displayed on the financial statements of the entity. c. Managers may value their own companies and recognize goodwill in the company accounts even though an entity has not been acquired in a business acquisition. d. Goodwill should be recognized in the accounts whenever the value of the firm increases based on current market prices of the firm's common stock.
Under variable costing, which of the following are costs that can be inventoried?
a. variable selling and administrative expense b. variable manufacturing overhead c. fixed manufacturing overhead d. fixed selling and administrative expense
Goals and objectives should be set ________.
A. at the end of the situation analysis B. during SWOT analysis while identifying external opportunities and threats C. after marketing strategies are fixed D. after completion of market research, situation analysis, and competitor analysis E. at the beginning of marketing planning