Solve the Problem. -Clearwater Community College Had 1234 Students Enrolled in 1998 and in 1998

question 137

Multiple Choice

Solve the problem.
-Clearwater Community College had 1234 students enrolled in 1998 and 980 students enrolled in 1999. Find the percent of decrease in the number of students from 1998 to 1999. Round to the nearest tenth of a percent.

• A) -25.9%
• B) -16.5%
• C) -20.6%
• D) -18.5%

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Definitions:

Average Daily Float

This refers to the average amount of uncollected checks or electronic transfers in the process of clearing.

Cheques

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.

Collection Delay

The time lag between the date an entity issues an invoice and the date it actually receives payment.

Average Daily Receipts

The average amount of cash generated through sales or services rendered on a daily basis.