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A public college had tuition and fees of $21,000,000. Scholarships, for which no services were required, amounted to $2,500,000. Graduate assistantships, for which services were required, amounted to $1,600,000. The amount to be reported by the public college as net tuition and fees would be:
Revenue
The total amount of income generated by the sale of goods or services related to the company's primary operations.
Noncompete Clauses
are contractual agreements that restrict one party from engaging in similar business or trade in competition against another party.
Anti-Trust Laws
Legislation aimed at promoting competition and preventing monopolies by regulating anti-competitive practices.
Freedom of Contract
The principle that individuals have the liberty to enter into agreements as they choose without unjust government interference.
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