A Community College Has 3,000 Students and 90 Instructors

question 62

Multiple Choice

A community college has 3,000 students and 90 instructors. The college plans that enrollment will be 3,500 next year. How many new instructors should be hired if the college wants to keep the same student to instructor ratio?

• A) 13 instructors
• B) 77 instructors
• C) 105 instructors
• D) 15 instructors

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Definitions:

Equity Method

An accounting technique used by firms to assess the profits earned by their investments in other companies, where the investment is recorded at original cost and subsequently adjusted to reflect the investor's share of the net assets of the investee.

Carrying Value

The book value of an asset or liability on a company's balance sheet, representing its value according to accounting standards.

Unrealized Gain

A profit that results from an investment that has increased in value but has not yet been sold for cash.

Acquisition Differential

The gap between what a company is bought for and the true worth of its recognizable assets and debts.