The Average Fee Per Student (An Amount That Includes Activities

question 85

Multiple Choice

The average fee per student (an amount that includes activities fees, technology fees, curriculum fees, etc.) at four-year colleges is $1043.The fee are normally distributed with a standard deviation of $68.To ensure no more than a 1% chance of being short, a student should budget how much for fees.

• A)$1182.27
• B)$1201.44
• C)$1078.34
• D)$1437.85
• E)$1343.76

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Definitions:

Internal Rate Of Return Method

A method of calculating the profitability of potential investments where the net present value of all cash flows equals zero.

Capital Budgeting

Capital Budgeting is the process by which organizations evaluate potential major projects or investments to determine their value and allocation of capital.

Allocated Fixed Costs

Fixed costs that are distributed among different departments or products based on prescribed criteria.

Direct Fixed Costs

Costs that relate specifically to a responsibility center and are incurred for the sole benefit of the center.