The Cost of College Tuition for 12 Credit Hours at a Local

question 317

Multiple Choice

The cost of college tuition for 12 credit hours at a local college during 2000 to 2008 is shown in the table below. Find the net change in the cost of college tuition from 2000 to 2005 and state if the net change was an increase or decrease.

• A) -195 decrease
• B) 312 increase
• C) -312 decrease
• D) 195 increase
• E) 39 increase

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Definitions:

Financial Data

Information relating to the financial status or performance of a company, including income, expenses, assets and liabilities.

Sales On Account

Transactions where goods or services are sold and payment is deferred, creating accounts receivable for the seller.

Average Sale Period

The average time period that items remain in inventory before being sold, indicating the liquidity of inventory.

Common Stock

A type of equity security that represents ownership in a corporation, entitling the holder to vote at shareholder meetings and receive dividends.