A Local Elementary School Had an Enrollment of 435 Students

question 32

Multiple Choice

A local elementary school had an enrollment of 435 students last year. This year, the enrollment is 390. What is the rate of increase or decrease rounded to the nearest tenth of a percent?

• A) +11.5
• B) +10.3
• C) -10.3
• D) -11.5

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Definitions:

Period Costs

Expenses that are not directly tied to the production of goods and are expensed in the period in which they are incurred.

Conversion Costs

Expenses directly related to the conversion of raw materials into finished goods, including labor and overhead.

Market Prospects

The potential for future sales and profitability in a given market, based on current trends and conditions.

Short-term Obligations

Debts or financial commitments that are due to be paid or settled within one year.