Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

Deficit Elimination

Dunston Military Academy has an annual deficit of $250,000. Its 1,000 students pay a tuition of $10,000 each per year. The economics faculty has recommended solving the problem by recruiting additional athletes with $5,000 scholarships. Each additional athlete will cost the school $2,500 (equipment, etc.). Assuming the academy agrees, how many athletes are needed to eliminate the deficit?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M927203

Have any Question? 


Related Questions in Business Economics

Cash flow to creditors the 2014 balance sheet of

Cash Flow to Creditors The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $1 .625 million, and the 2o15 balance sheet showed long-term debt of $1.73 million. The 2015 income statement showed an ...

1 identify several ways in which you currently use

1. Identify several ways in which you currently use accounting information in your life as a student. Also identify several situations in which, while you are still a student, you might be required to supply financial in ...

There is an opec cartel that reduces the production of

There is an OPEC cartel that reduces the production of world oil by several million barrels a day. Which of the following correctly captures the effect of this change on the market for gasoline? A. Both equilibrium quant ...

Assignment for this assignment provide an outline of your

Assignment: For this assignment, provide an outline of your paper On minimum Wage, and at least five sources (in APA format) that you are using. Your outline should include the five economic concepts that you will apply ...

Rudolfo purchased 900 shares of stock for 6220 a share six

Rudolfo purchased 900 shares of stock for $62.20 a share six months ago. The initial margin requirement on this stock is 75 percent and the maintenance margin is 40 percent. Rudolfo pays a 3% on his margin loan, what is ...

Assignment impact of strategy on successful

Assignment: Impact of Strategy on Successful Innovation Although innovation as an abstract concept can play a pivotal role in the world of business, the successful implementation of innovation as a component of an organi ...

Answer the following questions about break-even analysis 1

Answer the following questions about break-even analysis. 1. Millbridge Day Care Center operates from Monday to Friday. It has fixed expenses of $18,000 per week and charges each child who attends the program $300 per we ...

A survey of 200 college graduates who have been working for

A survey of 200 college graduates who have been working for at least 3 years found that 90 owned only mutual funds, 20 owned only stocks, and 70 owned both.   a) What is the probability that an individual owns a stock? A ...

Assume that for 1000 you can purchase a stock whose value

Assume that for $1000 you can purchase a stock whose value is equally likely to fall to $700 or rise to $1400.(The expected value of this investment is $1050) Suppose that in addition to investing $1000 of your own, you ...

Boe manufacturing is trying to decide between two different

BOE Manufacturing is trying to decide between two different conveyor belt systems. System A costs $220,000, has a four-year life, and requires $70,000 in pretax annual operating costs. System B costs $312,000, has a six- ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate